Fund Custody - Fund of Funds Document Administrator

U.S. Bank • Saint Paul, MN

3d

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description U.S. Bank is seeking a Fund of Funds Document Administrator to support clients participating in the Fund of Funds service within Global Fund Custody. This role facilitates direct subscriptions and redemptions into mutual funds by ensuring complex documentation is accurately completed, submitted on time, and maintained in accordance with operational and regulatory standards. The position requires strong attention to detail and the ability to read and interpret lengthy, complex materials while working closely with clients, fund companies, and internal operations teams. The role offers hands-on exposure to complex fund structures, meaningful client interaction, and opportunities to contribute to process improvements within Global Fund Services, making it well suited for individuals who enjoy detailed work, problem solving, and cross-functional collaboration in a fast-paced financial services environment.

Requirements

• Bachelor’s degree, or equivalent work experience
• Three to five years of experience in securities operations, accounting, trade processing and customer service activities

Nice To Haves

• Working knowledge of trust and securities operational functions, systems, procedures, and supported products or services
• Basic understanding of regulatory and accounting principles impacting Wealth Management and Securities Services
• Strong analytical, problem-solving, decision-making, and organizational skills
• Ability to manage multiple tasks concurrently and meet deadlines in a fast-paced, team-oriented environment
• Strong customer service orientation with effective interpersonal, verbal, and written communication skills
• Demonstrated ability to work collaboratively within a team environment and adhere to Service Advantage principles
• Proficiency in computer usage, including Microsoft Office applications, Adobe Acrobat, typing, and 10-key
• Ability to read and interpret complex financial and legal documentation
• Familiarity with Private Equity and Hedge Fund structures is helpful

Responsibilities

• Prepare, review, and complete fund of funds subscription and redemption documents on behalf of Fund Custody clients, ensuring accuracy and completeness
• Read and interpret complex legal and financial documentation and apply information appropriately
• Coordinate with internal partners to ensure documentation is processed in accordance with client direction and operational standards
• Ensure ongoing compliance with the U.S. Bank Code of Ethics, Anti‑Money Laundering (AML), Bank Secrecy Act (BSA), information security, and suspicious activity reporting requirements
• Serve as a liaison between clients, fund companies, and internal operations teams to facilitate transactions and resolve issues
• Retrieve, review, and distribute pricing information to support accurate asset pricing
• Assist with cash instruction and other fund custody operational activities as needed
• Support project work, process improvements, and efficiency initiatives within Fund Services

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: Mid Level