Students! Find the fintech job of your dreams here.

Georgia Fintech Academy
Georgia Fintech Academy

Custody Operations Specialist - ACM Trade Processor

U.S. Bancorp

U.S. Bancorp

This job is no longer accepting applications

See open jobs at U.S. Bancorp.
Milwaukee, WI, USA
Posted on Tuesday, February 6, 2024

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

Department: Wealth, Corporate, Commercial and Institutional Banking (WCIB) Operations - Custody Operations - Mutual Fund Processing - Automated Cash Management

Responsible for the operational support and processing of Wealth Management & Investment Services (WMIS) client accounts and products of various types and sizes established by clients for various purposes. Accountable for setting up securities, general account and asset level maintenance with some level of supervision. Responsibilities have various levels of risk correlating to the type and size of account or product. Effectively and accurately coordinate, manage and complete multiple duties and assignments concurrently and within acceptable timelines. Understands and achieves established Service Level Agreements. Accountable for compliance with established department policies and procedures.

This role is hybrid located in Milwaukee, WI. Team members who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days.


  • Associate's degree, or equivalent work experience

  • Two or more years of relevant experience

  • Basic understanding of regulatory and accounting principles which directly affect Wealth Management & Investment Services business lines and clients

  • Ability to quickly learn custody operational functions, systems, procedures, various products and/or services, for assigned area(s)

  • Ability to multitask and meet established deadlines in a dynamic work environment

  • Demonstrated analytical, problem-solving, decision-making, and organizational skills

  • Effective customer relations, interpersonal, and verbal and written communication skills

  • Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

Essential Functions

  • Responsible for placing and confirming open-ended mutual fund and money market trades on behalf of supported business lines and their respective clients.

  • Communicates timely and effectively with trust administration, investment officers, trade services, and various other departments as required.

  • Establishes and maintains strong working relationships with mutual fund representatives and service providers.



If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.


Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

  • 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

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.


U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $21.88 - $29.13 - $32.04Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.

This job is no longer accepting applications

See open jobs at U.S. Bancorp.