Custody Network 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, 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 have an exciting opportunity to join our growing Investment Services business as a Custody Network Manager.   GENERAL SUMMARY : The Global Network Manager is responsible for the strategy, selection, governance, and oversight of U.S. Bank's global network of sub-custodian banks, cash correspondent banks, central securities depositories, and other market infrastructure providers. The role supports the bank's global custody, cash, digital and depositary services businesses by ensuring a resilient, risk-managed, and best in class network that enables client investment activity across global markets.   The Global Network Manager partners closely with leaders across Business Lines, Operations, Product, Risk, Compliance, Legal, Treasury, Tax, and Technology to drive market expansion, enhance client solutions, mitigate risk, and deliver superior service outcomes.   ESSENTIAL FUNCTIONS:   Network Management & Strategic Relationships • Develop and manage relationships with sub-custodian banks, cash correspondents, market infrastructures, and other strategic service providers globally. • Lead RFI/RFP processes, provider evaluations, due diligence reviews, and market assessments. • Negotiate custody agreements, correspondent banking documentation, fee schedules, and service level commitments. • Monitor provider performance, financial strength, operational resilience, and regulatory standing. • Serve as the primary escalation point for significant custody, settlement, cash, and operational issues involving network providers. • Support new market openings, product launches, and business growth initiatives.   Risk, Governance & Regulatory Oversight • Conduct ongoing due diligence and risk assessments in accordance with enterprise and business standards. • Partner with Risk, Compliance, Legal, and Information Security teams to ensure adherence to regulatory and corporate requirements. • Monitor geopolitical, regulatory, operational, and market infrastructure developments and recommend mitigation strategies. • Support audits, regulatory examinations, client due diligence requests, and governance reviews.   Market Intelligence & Client Advisory • Serve as a subject matter expert on assigned markets, market infrastructures, settlement practices, and regulatory env