Middle Office Senior Operations Associate

Job Title

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 atall from Day One.

Job Description

The Alternative Investment practice of U.S. Bancorp Global Fund Services, LLC (GFS) provides value-added services to our robust and rapidly growing client base, which includes hedge funds, private equity funds, and other investment companies. The Alternative Investments Middle Office Senior Operations Associate works as part of a team responsible for providing middle and back office services to investment companies and their advisors. In today's complex and dynamic environment, our clients demand to be served by professionals who understand their products, strategies and industry. We work with clients to provide them with the expertise, tools, and information that they need to focus on growing their investments while we work with their custodians, prime brokers and trading counterparties to ensure their assets are settled and reconciled.

The Senior Operations Associate provides middle and back office support to hedge funds and asset management firms. This is not a front office / trading position. This is a challenging position that provides excellent career opportunities within a growing business line.

Key responsibilities include :

• Trade capture into portfolio accounting system
• Confirmation of trades with third parties (executing brokers, custodians, prime brokers, Repo / TBA / ISDA counterparties)
• Ensuring accurate and timely trade settlements
• Reconciliation of trades, investment positions and cash balances to external third parties (banks, prime brokers, counterparties)
• Resolution of trade breaks
• Knowledge of client portfolios related to daily margin calls
• Facilitate payments related to client trade settlements, margin and all deal fundings
• Corporate actions monitoring and processing with emphasis on P&I entitlements

Basic Qualifications : Bachelor's degree in Accounting, Finance or a business-related field, or equivalent work experience. Five or more years of related experience, preferably in portfolio / partnership accounting, finance or portfolio management.

Preferred Skills / Experience :

The role offers a hybrid / flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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 :

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.

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 : $92,140.00 - $108,400.00

U.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.