Multiple Positions - Collateral Management Operations Associate

Start free →

Or apply yourself on the official page →

About the role

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 Your journey starts now The Collateral Management Operations Associate will support the day-to-day margin and collateral processes of the broker-dealer. The role is designed for a hands-on operations professional who can execute accurately in a time-sensitive environment, investigate exceptions, maintain strong controls, and help build a new collateral management capability as the business expands.   Key Responsibilities • Process daily margin calls and collateral movements in accordance with governing agreements, procedures, cutoffs, and internal controls. • Monitor collateral positions, eligibility, substitutions, settlements, and exceptions across assigned counterparties and products. • Perform daily reconciliations and investigate differences between internal systems, counterparties, custodians, clearing banks, and other relevant records. • Research margin disputes and breaks, maintain clear supporting documentation, and escalate unresolved or material issues promptly. • Monitor collateral settlement status and work with Settlements, counterparties, custodians, and clearing banks to resolve fails and discrepancies. • Validate transaction and static data inputs used in the collateral process and escalate potential data-quality issues. • Maintain complete audit trails, checklists, evidence, and procedure adherence for assigned activities. • Support management reporting and metrics, including call volumes, disputes, aging, fails, exceptions, and control results. • Participate in UAT, process design, automation, platform implementation, and new-business readiness activities. • Cross-train across team responsibilities and provide coverage during peak volumes, absences, and business launches. • Identify recurring issues and propose practical process or control improvements. Basic Qualifications • Associate's degree or equivalent work experience • At least 3 years experience in securities operations, collateral/margin operations, settlements, middle office, or a related capital markets function. Preferred Skills/Experience • Strong attention to detail, analytical ability, and comfort working with high-volume, deadline-driven processes. • Ability to investigate breaks, reconcile data, document findings, and escalate issues clearly. • Strong written and verbal communication skills and ability to work effectively across Operations, Front Office, Risk, Treasury/Funding, and Technology. • Direct experience processing margin calls, collateral movements, repo/reverse repo, tri-party activity, or securities financing transactions. • Familiarity with collateral management, clearing, settlement, or reconciliation platforms. • Working knowledge of fixed income products and the securities trade lifecycle. • Strong Excel and data-analysis skills; experience with workflow or automation tools is a plus. • Interest in helping build a new team, procedures, controls, and technology capability. Location Expectations 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 .

View the official posting →