Custody Network Manager

At U.S. Bank were 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 atall from Day One.

Are you passionate about global financial markets strategic partnerships and delivering world-class client solutions U.S. Bank is seeking an experienced Custody Network Manager to lead and optimize our global network of sub-custodian banks cash correspondents and market infrastructure providers across nearly 100 international markets.

In this high-impact role you will influence how clients access global markets oversee critical banking relationships manage risk across international jurisdictions and drive strategic initiatives that support the continued growth of U.S. Banks Global Custody business.

If you thrive in a dynamic global environment and enjoy solving complex challenges while building influential partnerships this opportunity is for you.

• Develop and manage relationships with sub-custodian banks cash correspondents central securities depositories and other market infrastructure providers worldwide.
• Lead RFI and RFP initiatives to identify evaluate and select best-in-class service providers.
• Negotiate custody agreements correspondent banking documentation service level agreements and fee structures.
• Oversee provider performance financial stability operational resilience and regulatory standing.
• Serve as the primary escalation point for significant custody settlement cash and operational issues.
• Identify opportunities to strengthen network capabilities improve service delivery optimize costs and reduce risk.
• Support new market openings business expansion initiatives and product launches.

• Perform comprehensive due diligence and ongoing risk assessments of network providers.
• Monitor geopolitical developments regulatory changes market infrastructure evolution and emerging operational risks.
• Partner with Risk Compliance Legal Tax Operations Treasury and Information Security teams to ensure adherence to enterprise standards and regulatory requirements.
• Support audits governance reviews regulatory examinations and client due diligence requests.
• Promote a culture of accountability ethics risk awareness and client focus.

• Serve as a subject matter expert on assigned markets settlement practices market infrastructure and regulatory environments.
• Maintain market intelligence risk assessments and best-practice guidance for internal and external stakeholders.
• Publish market updates operational alerts and regulatory notifications affecting clients and business partners.
• Deliver presentations market briefings and strategic insights on market developments and industry trends.
• Advise clients and internal stakeholders on market access custody solutions and local market practices.

• Collaborate with Product Sales Relationship Management Operations FX Treasury and other key business partners to support client and growth initiatives.
• Represent U.S. Bank in industry forums governance meetings market advocacy groups and client events.
• Support business development efforts client due diligence meetings and strategic growth opportunities.
• Monitor industry developments including digital assets market modernization settlement reform and operational resiliency initiatives.

The Global Network Management team serves as a critical link between U.S. Bank and the global financial marketplace. By managing strategic relationships with banking and market infrastructure partners around the world the team enables client access to international markets supports new business opportunities and helps mitigate operational regulatory and counterparty risk.

Your work will directly contribute to:

• Expanding global market access for clients.
• Supporting international custody and securities services.
• Strengthening strategic banking partnerships.
• Enhancing operational efficiency and risk management.
• Driving revenue growth and new business opportunities.
  

Basic Qualifications

• Bachelors degree in Finance Business Economics or a related field required; advanced degree preferred.
• 5 years of experience in Global Custody Network Management Securities Services Correspondent Banking Capital Markets or related financial services.

Preferred Skills/Experience

• Strong knowledge of global custody sub-custody cash correspondent banking market infrastructure settlement practices EU depositary services and prime brokerage.
• Proven experience in relationship management contract negotiations provider due diligence and third-party risk oversight.
• Solid understanding of global regulatory frameworks operational risk and securities market practices.
• Demonstrated ability to influence senior executives clients market entities and strategic partners.
• Strong analytical problem solving decision-making and strategic thinking capabilities.
• Excellent written verbal and presentation skills with the ability to communicate complex topics effectively.
• Strong client-service orientation and ability to manage multiple priorities in a global environment.
• Knowledge of geopolitical developments and global financial markets.
• Fluency in English required; additional languages preferred.
• Willingness to travel domestically and internationally (approximately 10%).
  

Location Expectations

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

If theres anything we can do to accommodate a disability during any portion of the application or hiring process please refer to ourdisability 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. Thats 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 theE-Verify program.

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.