{"id":4083984,"url":"https://alion.io/job/u-s-bank-custody-operations-settlements-manager","title":"Custody Operations Settlements Manager","company":{"id":1754542,"name":"U.S. Bank","domain":"usbank.com","url":"https://alion.io/company/usbank-com","size_band":"5000+","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Workday","truth_index":{"grade":"A","score":95,"open_postings":194,"ghost_share":0.005,"stale_share":0.165,"repost_share":0.057,"time_to_fill_p50_days":25,"computed_at":"2026-11-12T10:38:37Z"}},"role":"Operations","role_family":"Operations","seniority":null,"employment_type":"full_time","work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Loughlinstown, Ireland"],"countries":["IE"],"hiring_countries":[],"hiring_countries_total":0,"salary":null,"salary_estimate":null,"experience_years_min":null,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"Microsoft Office","optional":true}],"status":"live","first_seen_at":"2026-11-11T18:23:14Z","employer_posted_date":"2026-11-11","last_verified_at":"2026-11-14T05:21:28Z","board_verified":true,"closed_at":null,"days_open":2,"trust":{"level":"ok","repost_count":null,"flags":[],"days_open":2},"description":"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.\nAs 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.\nWe actively uphold transparent and fair hiring practices that support individual opportunity, inclusive culture, and career mobility across all levels of our organisation.\nWe offer meaningful opportunities for growth, a culture of inclusion, and a strong commitment to transparency and integrity in everything we do.\nJob Description\nCustody Operations Settlement Manager Role\nKey Responsibilities\nTrade Settlements\nLead the day-to-day management of global securities settlement activity across multiple markets, currencies and asset classes. \nEnsure trades are instructed accurately and within applicable market and custodian deadlines. \nOversee the trade lifecycle from instruction through to final settlement, ensuring failed, pending and unmatched transactions are actively investigated. \nDrive root-cause analysis of settlement failures and recurring exceptions, ensuring sustainable remediation rather than repeated manual intervention. \nOversee complex settlement activity across products including equities, fixed income/debt, ETFs, FX, mutual funds, derivatives and alternative investments, consistent with the product coverage of the existing Dublin Settlements team. \nMaintain appropriate oversight of manual settlements, corrections and bookings within internal custody/books-and-records systems. \nCash Management\nProvide operational oversight of cash flows generated through securities settlement activity. \nMonitor multi-currency cash positions, funding requirements, nostro activity and overdraft exposures. \nOversee investigation of cash exceptions, including unapplied funds, unexpected receipts/payments, funding discrepancies and cash differences. \nWork closely with reconciliation teams to resolve aged cash and nostro breaks. \nIdentify recurring drivers of cash differences and implement preventative controls and process improvements. \nReconciliations & Exception Management\nMaintain effective oversight of daily cash, asset and settlement reconciliations, ensuring exceptions are investigated within agreed timeframes. \nDrive reduction of aged reconciliation breaks and ensure new exceptions do not develop into long-term backlogs. \nReview trends across settlement and cash exceptions to identify systemic or upstream root causes. \nEstablish clear ownership and escalation paths for complex exceptions. \nPartner with Reconciliation, Asset Servicing, Cash, Corporate Actions and other operational teams where cross-functional remediation is required. \nPeople Leadership & Performance\nLead, coach and develop members of the Cash & Trade Settlements team. \nSet clear performance expectations and ensure appropriate allocation of daily workloads. \nBuild subject-matter expertise and resilience across critical settlement and cash processes. \nProvide regular coaching, feedback and development opportunities. \nEnsure effective cross-training and succession planning across the function. \nSupport recruitment, onboarding and training of new team members. \nFoster a culture of ownership, accountability, continuous improvement and high-quality client service. \nOperational Risk & Controls\nMaintain a strong operational control environment across trade and cash processing. \nIdentify and escalate potential financial, client, regulatory and reputational risks. \nEnsure processing errors and control failures are investigated promptly and appropriate corrective actions are implemented. \nMaintain effective maker/checker and supervisory controls for high-risk activity. \nEnsure procedures, controls and operational documentation remain accurate and current. \nSupport audit, compliance, regulatory and risk reviews where required. \nClient & Stakeholder Management\nAct as a senior escalation point for complex cash and settlement issues. \nManage internal and external client escalations through to resolution. \nBuild strong relationships with custodians, sub-custodians, internal business lines and operational partners. \nCommunicate clearly on material settlement failures, funding issues and operational incidents. \nEnsure high standards of internal and external client service. \nChange, Automation & Continuous Improvement\nIdentify opportunities to automate manual settlement, cash and reconciliation processes. \nChallenge inefficient processes and implement solutions that reduce operational risk and manual intervention. \nLead or support operational projects, platform migrations and market changes. \nPartner with Product, Technology and other Operations teams on system enhancements and defect remediation. \nAnalyse settlement and reconciliation trends to identify opportunities for structural improvement. \nEnsure operational readiness for future client and platform migrations. \nExperience & Skills\nEssential\nStrong experience within Custody Operations, Securities Settlements, Cash Operations or a comparable financial-services operations environment. \nStrong understanding of the end-to-end securities trade lifecycle. \nExperience managing cash and settlement activity across multiple currencies and international markets. \nStrong understanding of settlement failures, reconciliation breaks, cash funding and exception management. \nDemonstrated people-management or operational leadership experience. \nExcellent analytical and problem-solving capability. \nStrong attention to detail and operational-risk awareness. \nAbility to prioritise effectively and make decisions within strict market and currency deadlines. \nStrong stakeholder-management and communication skills. \nDemonstrated ability to manage escalations and complex operational issues. \nDesirable \nKnowledge of SWIFT settlement and cash messaging. \nExperience dealing with global custodians, sub-custodians and CSDs/ICSDs. \nExperience with transformation, automation, platform migration or operational remediation programmes. \nKnowledge of European settlement practices and regulatory requirements. \nStrong Microsoft Office skills, particularly Excel. \nPrevious responsibility for control frameworks, procedures, audit or operational-risk remediation. \nLocation expectations\nThis role requires working from a U.S. Bank location three (3) or more days per week.\nAccessibility\nWe are committed to providing an inclusive and accessible recruitment experience. If you need adjustments at any stage of the application or hiring process, please contact your recruiter for guidance and support.\nTotal Rewards\nU.S. Bank is committed to fair, equitable, and transparent compensation practices in line with local regulatory and legal requirements. Our total rewards approach is designed to attract, retain, and support top talent while ensuring equal pay for work of equal value.\nWe offer a market-competitive compensation package that includes:\nClearly defined salary ranges aligned with industry benchmarks and internal equity standards.\n\nPerformance-based incentives for eligible employees (as defined by relevant plan rules), awarded through transparent, objective criteria that recognize both individual and company performance.\n\nInclusive equitable benefits that are accessible to all employees and focused around our 3 main pillars of financial wellbeing, health & wellness).\n\nContinuous development opportunities including training, education support, and career progression pathways based on inclusive and transparent criteria.\n\nEmployee recognition programs that celebrate achievements and milestones for all.\n\nWe regularly review our compensation and benefits to ensure they remain competitive, inclusive, and responsive to employee needs and market trends. Further details of the compensation package will be provided upon application.\nWe encourage candidates to explore the full value of our offer, including monetary and non-monetary benefits, at Employee benefits and development | U.S. Bank | Elavon.\nClosing Date\nPosting may be closed earlier due to high volume of applicants.\nWe aim to provide timely updates throughout the process and encourage early applications to ensure consideration.","description_format":"text","description_chars":9137,"description_truncated":false,"requirements":{"experience_years_min":null,"management_years_min":null,"team_size_min":null,"manages_managers":false,"education":null,"security_clearance":false,"languages":[]},"benefits":["Equity"],"hiring_locations":[],"hiring_excludes":[],"relocation_offered":false,"industries":["Commercial & Retail Banks","Cards & Card Issuing","Wealth Management & Financial Advisors","Mortgage Lending & Brokers"],"lifecycle":[{"event":"open","at":"2026-11-11T18:23:14Z"}],"visa":[],"liveness":{"score":90,"band":"hot","label":"Hiring now","p_open":1,"p_active":0.903,"p_room":1,"age_days":0,"expected_fill_days":25,"reasons":["conf:0","velocity","win:early","comp:brand"],"computed_at":"2026-11-12T10:38:37Z"},"pay":null,"html_url":"https://alion.io/job/u-s-bank-custody-operations-settlements-manager","json_url":"https://alion.io/job/u-s-bank-custody-operations-settlements-manager.json","meta":{"generated_at":"2026-11-14T05:59:19Z","cache_seconds":300,"methodology":"https://alion.io/methodology","terms":"https://alion.io/terms","contact":"https://alion.io/contact","api":"https://alion.io/developers","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json","usage":{"tier":"crawler_verified","counted_by":"address","units_charged":1,"used_today":10159,"day_limit":null,"remaining_today":null,"minute_limit":300,"resets_at":"2026-11-15T00:00:00Z"}},"offers":[{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.1,"usd":0.01,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"the employer in depth","call":{"mcp_tool":"get_company","arguments":{"id":1754542},"rest":"https://alion.io/mcp/rest/get_company?id=1754542"},"human":"https://alion.io/catalog?offer=company.slices&for=job%2Fu-s-bank-custody-operations-settlements-manager"},{"id":"market.stats","title":"A market slice: pay, demand and time to fill","status":"free","price":{"credits":0,"usd":0},"unit":"per slice","note":"pay, demand and time to fill for this role and place","call":{"mcp_tool":"market_stats"},"human":"https://alion.io/catalog?offer=market.stats&for=job%2Fu-s-bank-custody-operations-settlements-manager"},{"id":"job.search","title":"Open jobs by role, technology, place, pay and visa","status":"live","price":{"credits":0.1,"usd":0.01},"unit":"per posting in a list","note":"similar open postings","call":{"mcp_tool":"search_jobs"},"human":"https://alion.io/catalog?offer=job.search&for=job%2Fu-s-bank-custody-operations-settlements-manager"},{"id":"company.verify","title":"Is this company real and active right now","status":"pilot","price":null,"unit":"per company","request":{"url":"https://alion.io/catalog/request","method":"POST","body":"{\"offer\": \"company.verify\", \"for\": \"job/u-s-bank-custody-operations-settlements-manager\", \"note\": \"what you need it for\"}"},"human":"https://alion.io/catalog?offer=company.verify&for=job%2Fu-s-bank-custody-operations-settlements-manager"}],"agent":{"mcp":"https://alion.io/mcp/jobs","mcp_open":"https://alion.io/mcp/open","next":[{"tool":"get_job","arguments":{"id":4083984}},{"tool":"search_jobs","arguments":{"company":"usbank.com","detail":"compact"}},{"tool":"match_people","arguments":{"job_id":4083984},"note":"people open to offers who fit this vacancy"}],"note":"The same data through MCP tools: https://alion.io/mcp/open needs no sign-in (compact searches, postings, people); https://alion.io/mcp with an Alion account has everything. Docs: https://alion.io/developers"}}