Municipal Middle Office

U.S. Bank • Charlotte, NC

2d

About The Position

The Municipals Product Group Middle Office Associate provides day-to-day middle office support for U.S. Bancorp Investments Inc.'s municipal secondary trading and sales businesses. The role partners with Trading, Sales, Operations, Finance, Technology, and external counterparties to support accurate processing and settlement of fixed income transactions.

Requirements

• Bachelor's degree or an equivalent combination of education and relevant work experience.
• Direct experience with MSRB reporting requirements, rules, and regulations.
• 3–5 years of experience in capital markets, fixed income trading support, middle office, operations, or a related financial services environment.
• Experience with Bloomberg or a similar trade entry platform.
• Ability to manage multiple priorities in a dynamic, deadline-driven trading environment while maintaining accuracy.

Nice To Haves

• Understanding of municipal products, capital markets, secondary activities, and trade lifecycle management.
• Experience supporting MPG sales, trading, or operations functions.
• Strong analytical and problem-solving capabilities and exceptional attention to detail.
• Strong verbal and written communication skills and ability to interact across business and operational teams.
• Experience investigating and resolving operational breaks and exceptions.
• Advanced proficiency in Microsoft Excel and other Microsoft Office applications.
• Familiarity with municipal trading platforms and market data.
• FINRA SIE, Series 7 or 52, and Series 63 licenses, or willingness to obtain required licenses within 120 days of hire.
• Interest in process improvement, operational excellence, and automation initiatives.
• General understanding of AI tools and their application to promote efficiencies.

Responsibilities

• Support the post-trade processing lifecycle for municipal transactions from execution through settlement.
• Serve as a primary point of contact between trading, sales, operations, finance, and external counterparties.
• Monitor and resolve trade exceptions, settlement discrepancies, and reconciliation breaks in a timely manner.
• Validate trade allocations, trade economics, and position accuracy across internal systems.
• Assist with daily profit and loss (P&L) reconciliation and reporting.
• Support new issue syndicate transactions, including order management, allocations, and settlement coordination.
• Participate in developing and enhancing operational controls, procedures, and processes.
• Identify operational risks and escalate issues appropriately to management.
• Contribute to strategic initiatives focused on automation, scalability, and operating efficiency.
• Maintain a strong control environment while providing a high level of service to internal and external stakeholders.

Benefits

• Healthcare, including medical, dental, and vision coverage.
• Basic term and optional term life insurance.
• Short-term and long-term disability insurance.
• 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
• Incentive and recognition programs.
• Equity stock purchase, 401(k) contribution, and pension, subject to eligibility requirements.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level