Alternative Investments Middle Office – Senior Operations Associate

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 Alternative Investment practice of U.S. Bancorp Global Fund Services, LLC (GFS) provides value-added services to our robust and rapidly growing client base, which includes hedge funds, private equity funds, and other investment companies. The Alternative Investments Middle Office – Senior Operations Associate works as part of a team responsible for providing middle and back-office services to investment companies and their advisors.

In today’s complex and dynamic environment, our clients demand to be served by professionals who understand their products, strategies and industry. We work with clients to provide them with the expertise, tools, and information that they need to focus on growing their investments while we work with their custodians, prime brokers and trading counter parties to ensure their assets are settled and reconciled.

The Senior Operations Associate provides middle and back-office support to hedge funds and asset management firms. This is not a front office/trading position. This is a challenging position that provides excellent career opportunities within a growing business line.

• Trade capture into portfolio accounting system
• Confirmation of trades with third parties (executing brokers, custodians, prime brokers, Repo/TBA/ISDA counter parties)
• Ensuring accurate and timely trade settlements
• Reconciliation of trades, investment positions and cash balances to external third parties (banks, prime brokers, counter parties)
• Resolution of trade breaks
• Knowledge of client portfolios related to daily margin calls
• Facilitate payments related to client trade settlements, margin and all deal fundings
• Corporate actions monitoring and processing with emphasis on P&I entitlements

Location Expectations The role requires working from a U.S. Bank location three (3) or more days per week.

• Bachelor's degree in Business Administration or related field, or equivalent work experience
• Five or more years of related experience in alternative investments middle office and/or operations industry in financial services

• Knowledge of Securities Settlements (heavy Fixed Income, Equities, Derivatives)
• Experience with cleared and bi-lateral derivates life cycle and confirmation processes
• Knowledge of Prime Broker/Custodian portals
• Knowledge in reconciliation, reporting, and analysis
• Ability to identify and resolve/escalate complex problems with minimal guidance
• Ability to manage multiple tasks/projects and deadlines simultaneously
• Effective interpersonal, verbal and written communication skills
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

• 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
• Review our full benefits available by employment status here.

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