USBII Settlements Coordinator at US Bank in Saint Paul, MN

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

We are hiring a coordinator that provides quality support to investment clients and other internal partners by responding to and resolving issues, submitting and researching requests, and replying to compliance questions associated with operational processing of investment related products and services. Supports all investment operations’ procedures and acts as liaison between clients and back office staff while also engaging front office representatives when appropriate. Isolates and identifies source of problems for clients. Provides timely resolution to issues to adhere to regulatory requirements and service level agreements. Follows up with internal or external customers ensuring problem resolution. Develops and maintains documentation of all activities.

The successful candidate will report to the Manager of the USBII Settlement team and be responsible for the settlement of U.S. corporate and municipal bond transactions across both DTC and Euroclear platforms. This role is ideal for a settlement professional with broker-dealer experience who is looking to leverage their expertise in fixed-income operations while supporting a high-volume settlement team.

Key Responsibilities

• Process and oversee the settlement of U.S. corporate and municipal bond trades.
• Ensure timely and accurate settlement through DTC and Euroclear.
• Monitor and resolve settlement exceptions and discrepancies.
• Coordinate with internal teams, counterparties, and custodians to facilitate efficient trade settlement.
• Maintain compliance with industry regulations, policies, and procedures.
• Support daily operational activities related to fixed-income settlement processing.

Basic Qualifications

• High school diploma or equivalent
• Typically five or more years of relevant work experience

Preferred Skills/Experience

• Strong operational knowledge of all investments operations’ functions, including thorough knowledge of industry rules and regulations

• Thorough understanding of investments operations such as brokerage, trust or retirement investments

• Prior experience working in a broker-dealer environment

• Strong understanding of the U.S. domestic securities settlement cycle

• Knowledge of fixed-income settlement processes, particularly for corporate and municipal bonds

• Experience with Euroclear settlement operations

• Experience using FIS Phase3

• Familiarity with cross-border fixed-income settlement processes

• Strong customer service skills

• Strong attention to detail

• Effective interpersonal, verbal and written communication skills

• Ability to manage multiple task/projects and deadlines simultaneously

• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

• Well-developed planning, problem-solving and organizational skills

• Ability to identify and resolve/escalate problems

• In working with certain investment products, FINRA licensing may be required

Location Expectations

This role requires working from a U.S. Bank location three (3) or more 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:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• 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.

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.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. 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). Pay Range: $24.18 - $32.21

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.