Paying Transfer Agent Operations Specialist 5

U.S. Bank•Cincinnati, OH

4d•Hybrid

About The Position

Join U.S. Bank’s specialized operations team supporting time-sensitive financial transactions for corporate trust clients. The role processes and settles Commercial Paper, Certificates of Deposit, and Medium-Term Notes, with a focus on accurate, timely transaction completion. It involves working with internal partners, broker-dealers, issuers, and other stakeholders; researching issues; reconciling transactions; reviewing documentation; and helping ensure payments and settlements are completed correctly. The role is based at the Lunken Operations office in Ohio, follows a Monday–Friday schedule from 8:00 a.m. to 4:30 p.m., and requires working from a U.S. Bank location at least three days per week.

Requirements

High school diploma or equivalent.
Three or more years of experience in transaction processing.

Nice To Haves

Experience in financial processing, banking operations, analyst or specialist work, transaction processing, reconciliation, or mortgage processing can provide a transferable foundation.
Previous Commercial Paper or money-market-instrument experience is not necessary.

Responsibilities

Support daily operations of DTCC participant accounts, including settlement and servicing of Commercial Paper, Certificates of Deposit, and Medium-Term Notes.
Monitor incoming requests and review trade documentation to ensure transactions are processed accurately and on time.
Review and process Survivor Option early redemption requests, verifying beneficiary documentation against program requirements before preparing eligible items for payment.
Review, validate, and process security exchange requests in accordance with established procedures.
Perform daily cash balancing and reconciliation between SPANS and DTCC systems, research discrepancies, and help ensure accurate funding and settlement activity.
Monitor trade settlement and proactively research and resolve transactions that do not settle as expected.
Build and maintain client relationships by providing responsive support and helping resolve operational inquiries.
Collaborate with internal partners, broker-dealers, issuers, and other stakeholders to address issues and support daily servicing needs.
Maintain accurate transaction data and gather information used for tracking and reporting.
Identify process improvement opportunities and support the team's operational effectiveness.
Perform additional duties and responsibilities as assigned to support business and operational needs.

Benefits

Healthcare coverage, including medical, dental, and vision.
Basic term and optional term life insurance.
Short-term and long-term disability coverage.
Pregnancy disability and parental leave.
401(k) and employer-funded retirement plan.
Paid vacation of 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.