Custody Network Manager

Job Description

Custody Network Manager | U.S. Bank

The Tone:
This is a full-time role at U.S. Bank, focusing on their Investment Services business. U.S. Bank, through its subsidiary Elavon, builds platforms and tailored payment solutions for businesses and customers worldwide. This role is critical for expanding and managing the bank’s global network of sub-custodians and cash correspondent banks, ensuring robust support for its custody business across various regions.

The TL;DR
• Role: Full Time
• Type: Full Time
• Location: Hybrid

• Team: Investment Services business
• Mission: Discover, establish, and oversee U.S. Bank’s sub-custodian and cash correspondent bank network relationships, with a focus on expansion in the Asia Pacific region and oversight in the Western Hemisphere.

What You’ll Actually Do
• Establish: Establish the sub-custody account infrastructure necessary to support U.S. Bank’s global custody business in the Western Hemisphere and in other strategic locations across the globe, including Asia Pacific, Middle East & Africa, and Europe.
• Negotiate: Conduct Request for Information (RFI) and Request for Proposal (RFP) exercises to identify and assess sub-custodians, negotiating documentation, fees, and service level agreements for relationship establishment and ongoing maintenance.
• Analyze: Maintain market intelligence and best practice reports for assigned markets on U.S. Bank’s information platform, publishing market newsflashes on operational, regulatory, or other market changes.
• Communicate: Respond to internal and external client queries regarding U.S. Bank’s Network Management capabilities and local market practice, providing market overview presentations as requested.
• Oversee: Serve as the U.S. Bank escalation point for all activity related to the sub-custody services provided by appointed sub-custodians, partnering with internal business lines to establish new products and ensure compliance.

The Must-Haves
• Background: Bachelor’s degree in Business Administration, Finance, or a related field, with a focus on services associated with global custody, sub-custody, cash correspondent banking, depositary, and prime brokerage.
• Experience: Minimum 3 years of Financial Services experience, preferably within the global custody space, combined with experience in a client and/or vendor relationship role.
• Skills: Demonstrated analytical, decision-making, and problem-solving skills; effective communication skills, including strong writing; strong organizational skills; and demonstrated interest and knowledge of geopolitical current affairs and events.
• Bonus: Any additional language skills beyond fluent English are a plus.