Multiple Positions - Collateral Management Operations Associate

• 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.

• 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.

• 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.

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.