Job Description

Job Description

The Alternative Investment practice of U.S. Bancorp Global Fund Services, LLC (GFS) provides value-added services to our robust and rapidly growing client base, which includes hedge funds, private equity funds, and other investment companies.


The Alternative Investments Middle Office-Operations Associate works as part of a team responsible for providing middle and back office services to investment companies and their advisors. In today’s complex and dynamic environment, our clients demand to be served by professionals who understand their products, strategies and industry. We work with clients to provide them with the expertise, tools, and information that they need to focus on growing their investments while we work with their custodians and prime brokers to ensure their assets are settled and reconciled.


The Operations Associate provides middle and back office support to hedge funds and asset management firms. This is not a front office/trading position. This is an entry-level position, that provides on the job training and room for growth opportunities at a rapidly growing company.


Key responsibilities include:

·    Reconciliation of trades, investment positions and cash balances to external third parties (custodians, prime brokers, counterparties)

·    Resolution of trade breaks

·    Trade entry into portfolio accounting system

-    Confirmation of trade with third parties (banks, prime brokers, counterparties)

-    Ensuring accurate and timely trade settlements

·    Valuation of client portfolios, related to daily collateral reconciliations

·    Facilitate payments related to client trade settlements, margin and all fund operating expenses.

·    Posting journal entries into general ledger accounting system

·    Corporate actions monitoring and processing




Basic Qualifications
- Bachelor's degree in Business Administration or related field, or equivalent work experience
- 0-3 years of related experience, preferably in financial service operations or with a related skillset

- Recent graduates with strong aptitude to learn and a strong work ethic may be considered along with candidates already working in the field

Preferred Skills/Experience

- Ability to manage multiple tasks/projects and deadlines simultaneously
- Ability to identify and resolve/escalate complex problems with minimal guidance
- Effective interpersonal, verbal and written communication skills
- Proficient computer navigation skills using a variety of software packages including Microsoft Office applications


- Knowledge of Securities Settlements (Fixed Income, Equities, Derivatives)

- Knowledge of Prime Broker/Custodian portals is a plus

- Knowledge in accounting, reporting, and analysis




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.



Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.




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 (some may vary based on role, location or hours):

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


EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.  



U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

Job Overview
Job Posted:
1 year ago
Job Type
Full Time
Job Role
Project Manager
Bachelor Degree
3+ Years
  • Founded In
    Mar 04, 2023
  • Company Size
    500+ Members
  • Website Learn More