Fund Custody Account Opening Specialist
U.S. Bank, Cincinnati, OH, United States
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 The Global Fund Custody Account Opening team performs opening of Global Fund Services accounts of various sizes established by clients. These accounts are established to hold assets of mutual funds, exchange traded funds, hedge funds, private equity funds, and other investment products. U.S. Bank has an early career opportunity available to join this team.
As a new account specialist, you will perform account opening functions yourself as well as oversee work processed by investment services support staff, trust operations, and others to ensure account opening is completed in accordance with governing agreements, regulatory and legal requirements, and within U.S. Bank procedural guidelines relative to new, existing and closing accounts.
Responsibilities
Validate new account documentation is completed in line with understanding of product details and client intent prior to performing the opening and setup of accounts.
Ensure account openings are processed timely and accurately based on client elections with critical documents being retained within systems of record.
Effectively communicate efforts, status updates, and challenges to Global Fund Custody Onboarding team and Global Fund Services Onboarding Management team, ensuring proper escalation as needed.
Willingness to take ownership of assigned initiatives and serve as an escalation point for internal parties.
Embrace change and continually think outside of the box to find new ways to solve problems.
Basic Qualifications
Associate’s degree, or equivalent work experience.
Typically two to four years of job‑related experience, preferably in institutional trust and/or financial industry.
Preferred Skills/Experience
Basic knowledge of trust administration, products and sales.
Basic knowledge of account management, trust operations, project management, and legal regulations.
Strong organizational, problem solving, and prioritization skills.
Ability to resolve complex problems with minimal guidance.
Effective interpersonal, verbal and written communication skills.
Requirements This role requires working from a U.S. Bank location three (3) or more days per week. The position is not eligible for visa sponsorship.
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
Salary & Compensation Pay Range: $60,435.00 - $71,100.00. 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).
Equal‑Opportunity Employment 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.
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Job Description The Global Fund Custody Account Opening team performs opening of Global Fund Services accounts of various sizes established by clients. These accounts are established to hold assets of mutual funds, exchange traded funds, hedge funds, private equity funds, and other investment products. U.S. Bank has an early career opportunity available to join this team.
As a new account specialist, you will perform account opening functions yourself as well as oversee work processed by investment services support staff, trust operations, and others to ensure account opening is completed in accordance with governing agreements, regulatory and legal requirements, and within U.S. Bank procedural guidelines relative to new, existing and closing accounts.
Responsibilities
Validate new account documentation is completed in line with understanding of product details and client intent prior to performing the opening and setup of accounts.
Ensure account openings are processed timely and accurately based on client elections with critical documents being retained within systems of record.
Effectively communicate efforts, status updates, and challenges to Global Fund Custody Onboarding team and Global Fund Services Onboarding Management team, ensuring proper escalation as needed.
Willingness to take ownership of assigned initiatives and serve as an escalation point for internal parties.
Embrace change and continually think outside of the box to find new ways to solve problems.
Basic Qualifications
Associate’s degree, or equivalent work experience.
Typically two to four years of job‑related experience, preferably in institutional trust and/or financial industry.
Preferred Skills/Experience
Basic knowledge of trust administration, products and sales.
Basic knowledge of account management, trust operations, project management, and legal regulations.
Strong organizational, problem solving, and prioritization skills.
Ability to resolve complex problems with minimal guidance.
Effective interpersonal, verbal and written communication skills.
Requirements This role requires working from a U.S. Bank location three (3) or more days per week. The position is not eligible for visa sponsorship.
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
Salary & Compensation Pay Range: $60,435.00 - $71,100.00. 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).
Equal‑Opportunity Employment 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.
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