Custody Network Manager

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.

Are you passionate about global financial markets, strategic partnerships, and delivering world-class client solutions? U.S. Bank is seeking an experienced Custody Network Manager to lead and optimize our global network of sub-custodian banks, cash correspondents, and market infrastructure providers across nearly 100 international markets.

In this high-impact role, you will influence how clients access global markets, oversee critical banking relationships, manage risk across international jurisdictions, and drive strategic initiatives that support the continued growth of U.S. Bank's Global Custody business.

If you thrive in a dynamic global environment and enjoy solving complex challenges while building influential partnerships, this opportunity is for you.

• Develop and manage relationships with sub-custodian banks, cash correspondents, central securities depositories, and other market infrastructure providers worldwide.
• Lead RFI and RFP initiatives to identify, evaluate, and select best-in-class service providers.
• Negotiate custody agreements, correspondent banking documentation, service level agreements, and fee structures.
• Oversee provider performance, financial stability, operational resilience, and regulatory standing.
• Serve as the primary escalation point for significant custody, settlement, cash, and operational issues.
• Identify opportunities to strengthen network capabilities, improve service delivery, optimize costs, and reduce risk.
• Support new market openings, business expansion initiatives, and product launches.

• Perform comprehensive due diligence and ongoing risk assessments of network providers.
• Monitor geopolitical developments, regulatory changes, market infrastructure evolution, and emerging operational risks.
• Partner with Risk, Compliance, Legal, Tax, Operations, Treasury, and Information Security teams to ensure adherence to enterprise standards and regulatory requirements.
• Support audits, governance reviews, regulatory examinations, and client due diligence requests.
• Promote a culture of accountability, ethics, risk awareness, and client focus.

• Serve as a subject matter expert on assigned markets, settlement practices, market infrastructure, and regulatory environments.
• Maintain market intelligence, risk assessments, and best-practice guidance for internal and external stakeholders.
• Publish market updates, operational alerts, and regulatory notifications affecting clients and business partners.
• Deliver presentations, market briefings, and strategic insights on market developments and industry trends.
• Advise clients and internal stakeholders on market access, custody solutions, and local market practices.

• Collaborate with Product, Sales, Relationship Management, Operations, FX, Treasury, and other key business partners to support client and growth initiatives.
• Represent U.S. Bank in industry forums, governance meetings, market advocacy groups, and client events.
• Support business development efforts, client due diligence meetings, and strategic growth opportunities.
• Monitor industry developments, including digital assets, market modernization, settlement reform, and operational resiliency initiatives.

The Global Network Management team serves as a critical link between U.S. Bank and the global financial marketplace. By managing strategic relationships with banking and market infrastructure partners around the world, the team enables client access to international markets, supports new business opportunities, and helps mitigate operational, regulatory, and counter party risk.

Your work will directly contribute to:

• Expanding global market access for clients.
• Supporting international custody and securities services.
• Strengthening strategic banking partnerships.
• Enhancing…