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SMA Trading Operations Analyst, Minneapolis, Minnesota

Created 04/30/2021
Reference 2021-0021380
Category Project Management
Job type Full Time
Country United States
State Minnesota
City Minneapolis
Salary Competitive
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we're one of the country's most respected, innovative and successful financial institutions. 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.

Job Description

The SMA Trading Operations Analyst will report to the Head of Wealth Management ("WM") Trading. WM Trading Operations supports: Trade execution, SMA/UMA Trading & Model administration, and Trading Operations for multiple business lines within U.S. Bank.
  • The SMA Trading Operations Analyst will be responsible for supporting the SMA/UMA administration and trading models, as well as performing systems analysis, development, and operational tasks to improve workflow and operating efficiency of WM Trading Operations, and support across the team as required.
Support functions include:
  • Invest and rebalance all new and existing traditional separately managed accounts ("SMA") according to the most current designated 3rd party investment manager
  • Invest/divest assets and rebalance accounts as requested
  • Process corporate actions
  • Add and close SMA account.
  • Update Core and UMA portfolios
  • Accurately maintain account overlay system to ensure trade instruction accuracy including within:
    • User set up
    • SMA Model Uploads
    • Security/Model set-up
    • Updating asset allocation and reference portfolios
    • Maintaining eligible securities list as well as Do Not Buy and Do Not Sell lists.
Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Five to ten years of experience in project management activities

Preferred Skills/Experience
- Considerable knowledge of SMA's or Model administration

- Ability to work well under strict timelines with a sense of urgency & effective time management skills
- Experience with FactSet, Charles River, MyVest SPS, Nexus, eTran, SEI, and EnvestNets
- Strong organizational and analytical skills
- Ability to identify and resolve exceptions and to analyze data
- Excellent verbal and written communication skills

Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.

Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visitingusbank.com/careers.

EEO is the Law
Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal EEO is the Law 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 theE-Verify program.
Employer 300 US Bank National Assoc

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