Global Fund Custody New Account Specialist

U.S. Bank • Cincinnati, OH

12d • Hybrid

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 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. As a new account specialist, you will be expected to perform the following: 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 As an early career position, our broader team will help you grow and develop to gain experience and understanding of our customers, product, and provided services. We provide a career path that can lead to working on increasingly complex account openings, significant and diversified career growth, and expanded autonomy.

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

Nice To Haves

• Some knowledge of securities operations, financial products, and sales
• Prior experience with relationship management, trust/security operations, project management, and/or regulatory compliance
• Capable of identifying and developing new business opportunities and/or process improvements
• Ability to think on your feet and resolve problems with minimal supervision
• 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
• Number of Employees: 5,001-10,000 employees