Senior Custody Operations Manager

Company: U.S. Bank
Location: Saint Paul
Posted on: April 2, 2026

Job Description:

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 Let’s thrive together At U.S. Bank, we’re on a mission to deliver trusted financial services through strong platforms, disciplined execution, and operational excellence. We’re hiring a Senior Custody Operations Manager to support our Custody Operations business—an essential part of the Strategy, Performance Optimization (SPO) , the backbone of Wholesale & Commercial & Investment Banking (WCIB) Operations . This role is ideal for a seasoned custody or trust operations leader who thrives at the intersection of strategy, governance, platform execution, and people leadership . Why This Role Matters The Shared Platform Organization enables Custody Operations teams to run efficiently, consistently, and in alignment with enterprise priorities . In this role, you’ll provide strategic and administrative leadership that drives platform readiness, regulatory execution, and operational resilience across custody and trust products. You’ll partner closely with Product, Technology, Risk, and Compliance , helping translate business priorities into executable operational outcomes. About the Business Line: Custody Operations Custody Operations supports WCIB clients by ensuring: Accurate custody and trust accounting Secure movement of assets and cash Compliance with regulatory and industry standards (e.g., ISO 20022) Operational execution and platform readiness for custody and trust products Successful delivery of regulatory change, platform modernization, and resilience initiatives Key Responsibilities Provide strategic execution leadership supporting custody and trust platforms Establish and maintain governance, controls, and operational discipline Drive platform readiness initiatives, regulatory change execution, and process improvements Partner with cross?functional stakeholders to align operations with enterprise objectives Oversee multiple initiatives simultaneously while maintaining quality and risk discipline Why U.S. Bank At U.S. Bank, you’ll find a culture that values risk excellence, accountability, collaboration, and growth . We invest in our leaders and offer the opportunity to make a meaningful impact on platforms that support global institutional clients. Basic Qualifications Bachelor's degree in accounting or finance, or equivalent work experience 10 or more years of experience in trust and securities operational functions Seven or more years of management experience Preferred Skills/Experience Deep knowledge of trust and securities operations , systems, procedures, products, and services Strong understanding of legal, regulatory, and accounting principles impacting Wealth Management & Securities Services Proven analytical, problem?solving, organizational, and project management skills Excellent written, verbal, and interpersonal communication capabilities Demonstrated people leadership , including performance management and talent development Ability to manage multiple, unrelated initiatives in a fast?paced, regulated environment 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: $133,365.00 - $156,900.00 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, 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.

Keywords: U.S. Bank, Eagan , Senior Custody Operations Manager, Accounting, Auditing , Saint Paul, Minnesota