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.
As an Alternative Investment Product Operations Specialist, you will support the day‑to‑day operations of alternative investments and partner closely with internal teams, fund managers, and the field to ensure accuracy, consistency, and timely execution. You will also contribute to process improvement initiatives and support the development of new workflows as products and operational needs evolve.
Key Responsibilities
- Support operational activities for alternative investments, including hedge funds and private equity products, at both the fund and client level.
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Review, process, and manage incoming requests and documentation related to alternative investment activity, ensuring accuracy, completeness, and timely follow‑up.
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Coordinate offering and subscription documentation based on client eligibility, tax status, and investment requirements, partnering with internal teams and fund managers to maintain current materials.
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Assist with valuations, reconciliations, and ongoing fund maintenance activities to support accurate reporting and account management.
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Review open‑end fund subscription agreements for completeness and submit finalized documentation to fund managers.
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Prepare and distribute communications to internal partners and the field for recurring and ad‑hoc initiatives, and respond to basic inquiries as needed.
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Collect, track, and maintain alternative investment documentation, including capital calls, distributions, statements, K‑1s, and closing materials.
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Maintain databases and reporting tools to support data integrity and operational reporting needs.
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Participate in process improvement initiatives, including helping define and document workflows for new products or evolving operational processes.
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Support strategic projects as the team continues transitioning from manual processes to more automated and electronic solutions.
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Complete special projects and additional responsibilities as assigned.
Basic Qualifications
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Bachelor’s degree, or equivalent work experience
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Typically six or more years of related experience
Preferred Skills/Experience
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Proficiency in Microsoft Office, with advanced Excel skills and working knowledge of Word and PowerPoint
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Strong written and verbal communication skills
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Excellent organizational skills with strong attention to detail and follow‑through
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Ability to reconcile data, identify discrepancies, and maintain accurate records
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Ability to manage multiple priorities, meet deadlines, and take direction from multiple stakeholders
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Self‑motivated and eager to learn, with an interest in complex investment products and continuous process improvement
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Experience supporting broker/dealer products or financial services operations, including reconciliation or risk management activities, preferred
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.
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:
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
Review our full benefits available by employment status here.
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
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.
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: $92,820.00 - $109,200.00
U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
