Business Operations Analyst - Global Trade & Standby Services

at  US Bank National Association

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.

SUMMARY

U.S. Bank has a great opportunity as we are adding a Business Operations Analyst to the Global Trade & Standby Services team! We are seeking an individual who has experience and understanding of accounting and reconciliations of transactions. In this role an individual is responsible for defining and performing accounting & systems analysis to improve workflow and operating efficiency.

RESPONSIBILITIES

• Ensure that all trade finance & standby LC transactions are accurately captured and accounted for in the financial systems.
• Work closely with banks & internal departments to manage trade finance & standby LC facilities
• Reconcile trade-finance and standby LC related entries between bank statements, internal records and trade finance systems.
• Investigate and resolve discrepancies in trade finance and standby LC transactions including payments, fees and interest accruals
• Ensure outstanding LC, Trade loans and FX transactions are accurately reflected in financial & operational systems
• Liaise with banks, internal departments to resolve reconciliation issues
• Prepare reconciliation reports for Trade Finance & Standby and timely escalation of any unresolved issues and discrepancies.
• Assist in the performance of periodic reviews to assess level of regulatory compliance and support audits, exams and reviews being conducted in GTSS
• Collect and organize data to track, monitor and report on the effectiveness of key controls.

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 la