Custody Operations Analyst 1

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 Join our Global Tax Service team within Wealth Management & Investment Services (WMIS) as a Custody Operations Analyst supporting Relief at Source activities. In 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 you'll 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. What You'll Do • 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. Basic Qualifications • Two or more years of related experience.   Preferred Skills and Experience • Bachelor's 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 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