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

Our I nvestment S ervices t eam

Our Investment Services organization is comprised of two branches:

• U.S. Bank Global Corporate Trust & Custody is a leading provider of corporate trust services and custody solutions in the United States and Europe, serving private and public companies, government and tax-exempt entities, and financial services companies. Our teams provide expert guidance backed by financial strength and resources to help our clients achieve success.

• U.S. Bank Global Fund Services offers a full array of finance functions: fund accounting, fund administration, regulatory support, transfer agent and custody. Our solutions are available as a comprehensive suite or independently. Clients serviced are firms that offer registered and unregistered investment vehicles. Vehicles we provide services to include open-ended, closed-ended, hedge funds, fund of funds, offshore funds, exchange-traded products or UCITS. Some of our client relationships began at our inception. Creating and maintaining strong partnerships with our clients is at the core of what we do.

What you’ll do

Investment Services Development Program Analysts are a critical part of our team, who ultimately serve a broad base of clients. Each analyst will achieve a solid foundation for a meaningful and growth-oriented career within the firm; many of our managers and directors have started their careers as successful analysts.

Investment Services Programs are set out to achieve results-driven goals; they have a strong focus on meeting clients’ needs, with diverse roles broadly focused on operational, comprehensive asset servicing management. Our ideal candidate is operations-minded, with interests in data analytics and serving our clients across an end-to-end lifecycle of transaction management.

As an Investment Services Development Program Analyst, you may embark on:

• Performing research, analysis, review, development, implementation, and monitoring of new and/or revised products/services.

• Analyzing current costs and estimates the cost or cost savings and enhanced benefits that may be achieved by implementing a recommendation.

• Compiling and analyzing information for an assigned project or area and making recommendations based on findings.

• Co-leading and influencing a working team of project staff.

• Acting as a project liaison with other departments.

As a Tax Analyst, you may embark on:

• Research tax technical and Financial Reporting guidance and requirements.

• Prepare IRS Forms 1120-RIC, 8613, 1065 and Schedule K-1s along with any required state and local tax Forms. Coordinate the distribution of necessary tax forms and supporting schedules to investors/partners.

• Prepare mutual fund taxable income calculations, including book-to-tax differences for fiscal and excise tax purposes, in addition (i.e. wash sales, 1256 adjustments, §988 adjustments, PFIC adjustments and others) and arrive at taxable income for hedge funds and investment partnerships.

• Assist in the preparation of Forms of Form 1099-MISC.

• Prepare income and capital gain/loss estimates, including book-to-tax differences as requested by client

• Prepare dividend distribution calculations.

Who we’re looking for

Are you interested in understanding how assets move in our financial markets? Would you like working in an operations-focused environment, ensuring consistent process execution in support of our domestic and global institutional client relationships? If you are process-savvy and detail-oriented, with strong data analytics and communications skills, then the Investment Services Development Program may be right for you!

Basic qualifications:

• Bachelor’s degree completed prior to start date

• Basic understanding of financial terms, concepts, and applications

• Ability to start fulltime development program on June 23, 2025

Preferred qualifications:

• Accounting degree - high priority

• General understanding of legal, regulatory and accounting principles in investment management industry

• Strong interest in operations and data analytics

• Exceptional communication and presentation skills

• Strong work ethic with a proactive, flexible attitude and a desire to pitch in wherever needed

• Developed problem solving skills and a solutions-focused approach to addressing challenges

• Outstanding teamwork and project execution skills with multitasking capability

• Unwavering integrity and ethics

• Proficient in Office 365, with strong skills in Excel

Work ing model and hours:

This role is hybrid. Team members who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days. Development program members work approximately 40-hours each week in this fulltime role.

The application process

If you are interested in applying and learning more, click on the Apply Now icon to submit your application. Most applications will be closed on September 29.

This position is not eligible for visa sponsorship.

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 (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

Benefits:

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 (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.

E-Verify

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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $58,650.00 - $69,000.00 - $75,900.00

U.S. Bank accepts applications for this position on an ongoing basis.