U.S. Bank
Trade Settlement/Repo Work Lead - Wealth Operations
U.S. Bank, Charlotte, North Carolina, United States, 28245
Trade Settlement/Repo Work Lead - Wealth Operations
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 USBI is a major underwriter and secondary market dealer and market maker of high grade and high yield corporate debt. The firm is also a prominent dealer and remarketing agent of municipal securities as well as ABS, structured notes and CDs, CLOs, etc. The firm has a large and quickly expanding repo desk. It offers FICC’s sponsored repo service to its clients, as well as tri-party settlement and is migrating to a general collateral service. US Treasuries play a prominent role in repo processing and collateral management as does corporate debt. This position will be at the center of operational process support for a very rapidly growing funding and repo business. Over time the role may evolve into a utility player as additional products and processes come into scope for the larger capital markets business and trading desks.
This position reports to the Assistant Vice President of Purchase & Sales and Settlements.
Responsibilities
Ensure that outright trades in US Treasuries and repo and reverse repo trades with US Treasuries as collateral are submitted, compared, novated and netted appropriately and correctly at the FICC-GSD
Ensure that deliveries and receives of US Treasuries are made correctly and timely at the Bank of New York for bi-lateral, tri-party and FICC netted trades.
Work with middle office and contra-parties on fail cleanup and fail management
Work with the business and project teams on large scale projects related to central clearing of US Treasuries, continued build out of sponsored repo, general collateral facility, collateral management upgrades, etc.
Assist the corporate team with National Security Clearing Corporation comparisons, CNS and DTC settlements and fail management.
Assist the department manager on a variety of small and large initiatives and projects.
Schedule Monday - Friday 8:00am - 5:00pm local time – required flexibility
Location 3+ days in Charlotte or Saint Paul; 2 days remote
Basic Qualifications
Bachelor's degree in Accounting, Finance, or Business Management, or equivalent work experience
Four to six years of related experience or direct loan servicing experience
Preferred Skills/Experience
5+ years of broker dealer securities operations experience ideally in a clearing and/or settlements area with experience and knowledge of DTCC related products and functionality.
Good product knowledge of fixed income securities
Experience and knowledge of repo processing
Leadership and mentoring skills
Must have strong attention to detail and ability to work calmly under pressure
Must have excellent verbal and written communication skills; ability to present professionally and articulately to groups and to senior management, as needed
Bachelor’s degree required.
Series 7 and 99 preferred
Team player, takes ownership and excellent communication
Location Expectations This role requires working from a U.S. Bank location three (3) or more days per week.
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
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.
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: $86,360.00 – $101,600.00
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.
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Job Description USBI is a major underwriter and secondary market dealer and market maker of high grade and high yield corporate debt. The firm is also a prominent dealer and remarketing agent of municipal securities as well as ABS, structured notes and CDs, CLOs, etc. The firm has a large and quickly expanding repo desk. It offers FICC’s sponsored repo service to its clients, as well as tri-party settlement and is migrating to a general collateral service. US Treasuries play a prominent role in repo processing and collateral management as does corporate debt. This position will be at the center of operational process support for a very rapidly growing funding and repo business. Over time the role may evolve into a utility player as additional products and processes come into scope for the larger capital markets business and trading desks.
This position reports to the Assistant Vice President of Purchase & Sales and Settlements.
Responsibilities
Ensure that outright trades in US Treasuries and repo and reverse repo trades with US Treasuries as collateral are submitted, compared, novated and netted appropriately and correctly at the FICC-GSD
Ensure that deliveries and receives of US Treasuries are made correctly and timely at the Bank of New York for bi-lateral, tri-party and FICC netted trades.
Work with middle office and contra-parties on fail cleanup and fail management
Work with the business and project teams on large scale projects related to central clearing of US Treasuries, continued build out of sponsored repo, general collateral facility, collateral management upgrades, etc.
Assist the corporate team with National Security Clearing Corporation comparisons, CNS and DTC settlements and fail management.
Assist the department manager on a variety of small and large initiatives and projects.
Schedule Monday - Friday 8:00am - 5:00pm local time – required flexibility
Location 3+ days in Charlotte or Saint Paul; 2 days remote
Basic Qualifications
Bachelor's degree in Accounting, Finance, or Business Management, or equivalent work experience
Four to six years of related experience or direct loan servicing experience
Preferred Skills/Experience
5+ years of broker dealer securities operations experience ideally in a clearing and/or settlements area with experience and knowledge of DTCC related products and functionality.
Good product knowledge of fixed income securities
Experience and knowledge of repo processing
Leadership and mentoring skills
Must have strong attention to detail and ability to work calmly under pressure
Must have excellent verbal and written communication skills; ability to present professionally and articulately to groups and to senior management, as needed
Bachelor’s degree required.
Series 7 and 99 preferred
Team player, takes ownership and excellent communication
Location Expectations This role requires working from a U.S. Bank location three (3) or more days per week.
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
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.
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: $86,360.00 – $101,600.00
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.
#J-18808-Ljbffr