Custody Operations Analyst 1

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.

Join our Global Tax Service team within Wealth Management & Investment Services (WMIS) as a Custody Operations Analyst supporting Relief at Source this role you will help support clients investing in foreign securities by processing withholding-tax elections and related documentation to help ensure appropriate tax rates are applied under applicable tax treaties.

This is an operations-focused position where youll work with a variety of securities markets payment events record dates and client situations. The work involves multiple processes and changing circumstances making this a good opportunity for someone who enjoys learning problem-solving and working through detailed financial information rather than performing the same transaction repeatedly.

You do not need to enter the role as a tax expert. Much of the specialized knowledge is learned on the job and previous domestic or foreign tax experience is considered beneficial rather than required.

• Process withholding-tax rate elections for clients across various markets and investments.
• Review client holdings and determine applicable withholding-tax treatment as part of the election process.
• Process and maintain tax and reclaim-related documentation including certificate-of-residency documentation.
• Use Xceptor Tax Hub to maintain client information attach tax documents update reclaim information and add or close client records.
• Communicate with internal business lines and operations teams with opportunities to communicate with clients and other parties depending on the assignment and experience level.
• Support day-to-day processing deliverables while identifying and resolving issues.
• Help maintain effective controls minimize operational risk and provide a high level of customer service.
• Use available resources collaborate with teammates document information effectively and seek assistance when needed.

• Two or more years of related experience.

• Bachelors degree with finance or accounting being particularly relevant to the work.
• Ability to learn custody operations systems procedures products and services.
• Strong analytical critical-thinking and problem-solving skills.
• Ability to manage multiple priorities and meet deadlines in a dynamic environment.
• Strong organizational skills and attention to detailed processes and documentation.
• Effective written and verbal communication skills and the ability to work with teammates business partners clients sub-custodians managers and other operations teams.
• Proficiency with Microsoft Office applications particularly Excel.
• Understanding of applicable regulatory and accounting principles.
• Previous domestic or foreign tax experience or familiarity with withholding tax investment markets or tax terminology is a plus but not required.

Location Expectations

• Must work in office 60% of the work 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.