Depositary Analyst

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, enabling the communities we support to grow and succeed in the right ways, all more confidently and more often—that’s what we call the courage to thrive. 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. Try new things, learn new skills and discover what you excel at—all from Day One.

As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goals—no matter what they need. From transaction processing to customer service, to driving innovation and launching new products, we’re building a range of tailored payment solutions powered by the latest technology. As part of our team, you can explore what motivates and energizes your career goals: partnering with our customers, our communities, and each other.

We actively uphold transparent and fair hiring practices that support individual opportunity, inclusive culture, and career mobility across all levels of our organisation.

We offer meaningful opportunities for growth, a culture of inclusion, and a strong commitment to transparency and integrity in everything we do.

Job Description

We are a leader in the Investment Services industry with locations including Dublin, New York and Milwaukee and presently service multiple fund domiciles. Our innovative technology coupled with a talented and motivated workforce allows us to deliver a superior service to our clients. We are committed to our services being of the highest quality and are continuously improving our technologies and processes, offering challenging, dynamic roles with excellent career prospects. In 2020 we established a full-service location in Luxembourg.

U.S. Bank introduced its full depositary services offering in Europe in 2018. The offering supports Regulated investment funds domiciled in the EU that are required to appoint a depositary to comply with the Alternative Investment Fund Managers Directive (AIFMD) and the Undertaking for Collective Investments in Transferable Securities Directive (UCITS).

Since July 2020, U.S. Bank Europe DAC trading as U.S. Bank Depositary Services Luxembourg is authorised and supervised by the Commission de Surveillance du Secteur Financier.

U.S. Bancorp, with 74,000 employees and $476 billion in assets as of March 31, 2019, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States.

Key accountabilities:

• Perform the key tasks of cash flow monitoring; oversight on i) transfer agent ii) fund administrator iii) income distribution iv) investment restrictions v) timely settlement; safekeeping/recordkeeping and ownership verification.

• Ability to cover for funds within the team when required.

• Interact with colleagues, peers and superiors in a way that ensures the 'end goal' is achieved in a productive way.

• Support the workflows of the team – including adherence to all mandatory training requirements and ensuring the area is operating to high standards.

• Excellent communication and analytical skills with keen attention to detail.

• Train and mentor new staff on daily tasks.

Skills & experience required:

• 1 to 2 years’ experience in Depositary. Fund Administration or Audit is also nice to have and taken into consideration.

• Knowledge of UCITS /AIFMD regulations.

• Fluency in English Language (both verbal and written) essential.

• Strong oral and written communication skills.

• Proficiency in Microsoft 365 package, with strong Excel skills.

• Excellent interpersonal with customer focus.

• Strong organizational and administrative skills.

• Individual who takes initiative and ownership of assigned responsibilities.

• Positive ‘can do’ attitude with excellent problem-solving skills.

• Detail-oriented.

• Team player

• Ability to multi-task, prioritized work and manage time to maximize efficiency and to meet strict deadlines;

• Flexible / Adaptable.

• University degree, preferably in Accounting & Finance or Economics.

Additional information:

• The role offers a hybrid / flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

This position is not eligible for visa sponsorship.

Accessibility

We are committed to providing an inclusive and accessible recruitment experience. If you need adjustments at any stage of the application or hiring process, please contact your recruiter for guidance and support.

Total Rewards

U.S. Bank is committed to fair, equitable, and transparent compensation practices in line with local regulatory and legal requirements. Our total rewards approach is designed to attract, retain, and support top talent while ensuring equal pay for work of equal value.

We offer a market-competitive compensation package that includes:

• Clearly defined salary ranges aligned with industry benchmarks and internal equity standards.

• Performance-based incentives for eligible employees (as defined by relevant plan rules), awarded through transparent, objective criteria that recognize both individual and company performance.

• Inclusive equitable benefits that are accessible to all employees and focused around our 3 main pillars of financial wellbeing, health & wellness).

• Continuous development opportunities including training, education support, and career progression pathways based on inclusive and transparent criteria.

• Employee recognition programs that celebrate achievements and milestones for all.

We regularly review our compensation and benefits to ensure they remain competitive, inclusive, and responsive to employee needs and market trends. Further details of the compensation package will be provided upon application.

We encourage candidates to explore the full value of our offer, including monetary and non-monetary benefits, at Employee benefits and development | U.S. Bank | Elavon.

Closing Date

Posting may be closed earlier due to high volume of applicants.

We aim to provide timely updates throughout the process and encourage early applications to ensure consideration.