Fund Custody - Fund of Funds Document Administrator
U.S. Bank
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.
Key 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
- Bachelor’s degree, or equivalent work experience
- Three to five years of experience in securities operations, accounting, trade processing and customer service activities
- 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
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.
Benefits:
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:
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
Review our full benefits available by employment status here.
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
E-Verify
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, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $71,400.00 - $84,000.00U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.