Custody Operations Specialist - Asset Services

Job Description

U.S. Bank is seeking a Custody Operations Specialist I to join our Asset Services Vault team. This role supports the secure handling, storage, tracking, and management of physical assets within a controlled vault environment. You'll play an important part in maintaining accurate records, supporting audit activities, and ensuring assets are processed and stored efficiently. You will be responsible for the operational support and processing of Wealth, Corporate, Commercial, & Institutional Banking (WCIB) 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.

• Receive, process, and store incoming physical assets
• Manage daily deliveries and perform vault scanning activities
• File, organize, retrieve, and maintain materials within the vault
• Support annual audit processes and inventory verification activities
• Complete a variety of operational and administrative tasks
• Partner with internal teams to address questions and resolve issues
• Communicate with administrative partners as needed to clarify asset information
• Follow established procedures to ensure accuracy and security of materials

Qualifications

• Basic understanding of regulatory and accounting principles which directly affect Wealth, Corporate, Commercial, & Institutional Banking business lines and clients
• Ability to quickly learn custody operational functions, systems, procedures, various products and/or services, for assigned area(s)
• Strong attention to detail
• Ability to adapt to change priorities and daily workloads
• 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

Location Expectations

This role requires working from a U.S. Bank location five (5) 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.

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
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law