Paying Transfer Agent Operations Specialist 5

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

Join a specialized operations team that plays an important role in supporting time-sensitive financial transactions for corporate trust clients. In this position, you’ll help process and settle Commercial Paper, Certificates of Deposit, and Medium-Term Notes while making sure transactions are completed accurately and on time.

This is a fast-paced, detail-oriented role where urgency and accuracy are especially important. You’ll work with internal partners, broker-dealers, issuers, and other stakeholders while researching issues, reconciling transactions, reviewing documentation, and helping ensure payments and settlements are completed correctly.

What You’ll Do

• Support the daily operation of DTCC participant accounts, including the settlement and servicing of Commercial Paper, Certificates of Deposit, and Medium-Term Notes.

• Monitor incoming requests and review trade documentation to ensure transactions are processed accurately and on time.

• Review and process Survivor Option early redemption requests, ensuring beneficiary documentation meets program requirements before eligible items are prepared for payment.

• Review, validate, and process security exchange requests in accordance with established procedures.

• Perform daily cash balancing and reconciliation between SPANS and DTCC systems, researching discrepancies and helping ensure accurate funding and settlement activity.

• Monitor trade settlement and proactively research and resolve transactions that do not settle as expected.

• Build and maintain strong client relationships by providing responsive support and helping resolve operational inquiries.

• Collaborate with internal partners, broker-dealers, issuers, and other stakeholders to address issues and support daily servicing needs.

• Maintain accurate transaction data and gather information used for tracking and reporting.

• Identify opportunities to improve processes and support the team's overall operational effectiveness.

• Perform additional duties and responsibilities as assigned to support business and operational needs.

What Will Help You Succeed

You don't necessarily need previous Commercial Paper or money-market-instrument experience to be successful in this position. Experience in financial processing, banking operations, analyst or specialist work, transaction processing, reconciliation, or mortgage processing can provide a strong transferable foundation.

Basic Qualifications

• High school diploma or equivalent

• Three or more years of experience in transaction processing

Location

• OH-Lunken Operations office

• Monday- Friday: 8am-4:30

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: $22.50 - $30.00

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, 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.