Fund Custody Account Opening Specialist

U.S. Bank • Cincinnati, OH

6d • Hybrid

About The Position

The Global Fund Custody Account Opening team performs opening of Global Fund Services accounts of various sizes established by clients. These accounts are established to hold assets of mutual funds, exchange traded funds, hedge funds, private equity funds, and other investment products. U.S. Bank has an early career opportunity available to join this team. As a new account specialist, you will perform account opening functions yourself as well as oversee work processed by investment services support staff, trust operations, and others to ensure account opening is completed in accordance with governing agreements, regulatory and legal requirements, and within U.S. Bank procedural guidelines relative to new, existing and closing accounts.

Requirements

• Associate’s degree, or equivalent work experience
• Typically two to four years of job-related experience, preferably in institutional trust and/or financial industry
• This role requires working from a U.S. Bank location three (3) or more days per week.

Nice To Haves

• Basic knowledge of trust administration, products and sales
• Basic knowledge of account management, trust operations, project management, and legal regulations
• Strong organizational, problem solving, and prioritization skills
• Ability to resolve complex problems with minimal guidance
• Effective interpersonal, verbal and written communication skills

Responsibilities

• Validate new account documentation is completed in line with understanding of product details and client intent prior to performing the opening and setup of accounts
• Ensure account openings are processed timely and accurately based on client elections with critical documents being retained within systems of record
• Effectively communicate efforts, status updates, and challenges to Global Fund Custody Onboarding team and Global Fund Services Onboarding Management team, ensuring proper escalation as needed
• Willingness to take ownership of assigned initiatives and serve as an escalation point for internal parties
• Embrace change and continually think outside of the box to find new ways to solve problems

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree