Custody Operations Manager leading the formation of a custody operations team. Building operational infrastructure for settlements, reversals, corrections at U.S. Bank.
Responsibilities
Lead the creation and implementation of new operational procedures and controls for the SWP platform
Manage daily custody operations including settlements, reversals, corrections, and trade services
Build and scale a high-performing team, including hiring, onboarding, and developing staff
Collaborate with project managers and cross-functional teams to ensure smooth platform migration and operational readiness
Drive process improvement initiatives with a focus on automation and efficiency
Ensure compliance with corporate policies, regulatory requirements, and risk mitigation standards
Prepare and manage departmental budgets and contribute to net income goals
Monitor and manage operational risks, identifying control gaps and implementing mitigation strategies
Serve as a people-first leader, fostering a culture of adaptability, accountability, and continuous improvement
Requirements
Bachelor's degree in accounting or finance, or equivalent work experience
Three to five years of experience in trust and securities operational functions
Three to five years of management experience
Thorough knowledge of trust and securities operational functions, systems, procedures, products and services
Thorough knowledge and understanding of legal, regulatory and accounting principles which directly affect Wealth Management & Securities Services business lines and clients
Well-developed analytical, problem-solving, organizational and project management skills
Effective interpersonal, verbal and written communication skills
Excellent supervisory and management skills, including a well-developed knowledge of human resources
Ability to manage multiple, unrelated tasks
Additional one to three years experience managing Managers preferred
Benefits
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
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