Custody Operations Analyst - Mutual Fund Processing

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.

The Mutual Funds Processing team is hiring a Custody Operations Analyst 3 that supports trading and processing work across several areas, including Mutual Fund Trading , Money Market Trading , New Account Setup , and Corrections Processing . The work is operational in nature and centers on completing time-sensitive, detail-driven tasks that support daily trading activity and account maintenance. Responsible for the management and oversight of Wealth, Corporate, Commercial, and Institutional Banking (WCIB) client accounts and products of various types and sizes established by clients for various purposes. Provides technical, industry, process, and trouble-shooting support for products or accounts to a team of operation Specialists within their own unit/discipline. Primary focus is on day-to-day deliverables, developing solutions based upon subject expertise, occasionally representing the department at a broader level; may also contribute to strategic planning within area of expertise. Accountable for the completion of daily processing activities. Delivers a high level of customer service and is responsible for the identification of and minimization of risk in the control environment, process efficiency and effective customer issue resolution. Responsibilities have various levels of risk correlating to the type and size of account or product. May be required to provide supervisory responsibilities and apply independent judgement and decision making based on area of expertise. Key Responsibilities - Responsible for managing mutual fund and money market agreement reviews, amendments, and due diligence questionnaires. - Partners with Legal, Risk, and business line stakeholders to evaluate agreement language and ensure operational requirements are appropriately addressed and supported. - Oversees mutual fund new account setups, process trade corrections, and resolve operational exceptions to ensure accuracy, compliance, and timely servicing. - Serves as a key resource for the team by identifying process improvements, mitigating operational risk, and driving issue resolution. - Works independently to lead team projects, initiatives, and cross-functional efforts while collaborating closely with management. - Provides leadership support and act as a backup to the manager during absences, helping to maintain workflow continuity, service standards, and team effectiveness. Basic Qualifications - Three years or more of related experience Preferred Skills/Experience - Bachelor's degree - Knowledge of or the 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 - Exhibits analytical, problem-solving, decision-making, and organizational skills - Exhibits customer relation skills, interpersonal, and verbal and written communication skills - Understanding of regulatory and accounting principles which directly affect Wealth Management & Investment Services business lines and clients - Proficient in Microsoft Office applications, preferably Excel Location Expectations This role requires working from a U.S. Bank location three (3) or more days per week. 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 .