Operations Manager

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

This Operations Manager will lead the Transfers and Bond of Indemnity team within Global Corporate Trust Paying & Transfer Agent Operations. The team processes physical and electronic transfers of securities ownership and supports requests involving lost securities, including bond of indemnity documentation and replacement or payment processing.

The Operations Manager coordinates daily work, manages approximately eight specialists and team leads across St. Paul, Minnesota, and Cincinnati, Ohio, and ensures processing is completed accurately and on time. The role works with internal business partners, Legal, Risk, Compliance, product teams, clients, bondholders, and external parties as needed.

Key Responsibilities:

· Lead, coach, and develop specialists and team leads while managing day-to-day personnel matters and hiring decisions.

· Monitor work volumes, assign and balance workloads, and develop employee skills and cross-training to maintain appropriate coverage.

· Oversee physical and electronic transfers, including review of transfer documentation, governing agreements, ownership records, and transaction requirements.

· Oversee Bond of Indemnity requests involving lost, stolen, or destroyed securities, including required documentation, approvals, reporting, replacement, or payment activities.

· Ensure work is completed accurately and timely in accordance with procedures, service levels, client commitments, and applicable transfer agent requirements.

· Monitor inventory, aging, quality, productivity, and control results and address processing issues or escalations.

· Coordinate with internal and external partners to resolve transfer, lost-security, documentation, and client-service issues.

· Administer corporate policies and procedures and support compliance with applicable laws, regulations, and control requirements.

· Participate in reviews of operational systems, procedures, training materials, and process improvements affecting the team.

· Support audits, regulatory reviews, business continuity activities, and corrective actions within the assigned function.

Basic Qualifications:

· Bachelor’s degree, or equivalent work experience.

· Typically five or more years of relevant operations experience.

Preferred Skills/Experience:

· People management skills and the ability to coach, develop, and support employees.

· Knowledge of operational functions, systems, policies, and procedures for the assigned area.

· Experience in corporate trust, transfer agent operations, securities processing, or another regulated financial-services environment.

· Knowledge of securities transfers, ownership recordkeeping, physical presentments, lost-security processing, or Bond of Indemnity requirements.

· Ability to review transaction documents, governing agreements, and client instructions and apply established requirements.

· Good organizational, managerial, problem-solving, and customer-relations skills.

· Effective written and verbal communication skills.

· Ability to manage multiple operational priorities and deadlines.

· Ability to collaborate with internal business partners, operations teams, Legal, Risk, Compliance, clients, bondholders, and external parties.

· Understanding of applicable laws, regulations, operational risk, and internal controls.

· Ability to identify and support practical process and system improvements.

Work Environment

This role follows U.S. Bank’s hybrid work model, with an expectation of three or more days per week in the office. Primary location for manager is West Side Flats | St. Paul, Minnesota , with staff in both locations, including Lunken | Cincinnati, Ohio.

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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: $81,515.00 - $95,900.00

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.