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Custody Operations Jobs (NOW HIRING)

Client Service Representative

Boston, MA · On-site

$17.50 - $23.75/hr

Client Service Representative We are seeking a Client Service Representative to support custody operations and deliver high-quality service to clients. This entry-level role focuses on handling ...

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Custody Operations information

See salary details

$31.5K

$77.3K

$136.5K

How much do custody operations jobs pay per year?

As of Aug 7, 2026, the average yearly pay for custody operations in the United States is $77,254.00, according to ZipRecruiter salary data. Most workers in this role earn between $39,500.00 and $102,500.00 per year, depending on experience, location, and employer.

What does a custody operations specialist do?

A custody operations specialist manages the processing and settlement of securities transactions, ensuring accurate and timely transfer of assets between parties. They handle account reconciliations, maintain compliance with regulations, and often use specialized custody or settlement software to support daily operations.

What are some common challenges faced in a custody operations role, and how can they be managed effectively?

Professionals in Custody Operations often face challenges such as managing large volumes of transactions, ensuring regulatory compliance, and coordinating with multiple internal and external stakeholders. Attention to detail and strong organizational skills are essential, as errors can have significant financial and reputational impacts. Effective communication and a proactive approach to problem-solving help manage these challenges, while familiarity with evolving regulations ensures accuracy and compliance. Many teams use technology-driven solutions and regular training to streamline processes and minimize risks.

What is custody operations?

Custody operations refer to the processes and activities involved in safeguarding and managing financial assets on behalf of clients, such as institutional investors or individuals. These operations typically include the settlement of trades, safekeeping of securities, asset servicing (like collecting dividends and interest), and ensuring compliance with regulations. Custody operations professionals work at banks or specialized custodians to ensure the accuracy, security, and efficiency of these transactions. Their role is crucial in minimizing risk and providing transparency in financial markets.

What are the key skills and qualifications needed to thrive in custody operations, and why are they important?

To thrive in Custody Operations, you need strong analytical abilities, attention to detail, and a solid understanding of financial markets, often supported by a finance or business degree. Familiarity with custody platforms, reconciliation tools, SWIFT messaging, and knowledge of regulatory frameworks such as SWIFT and ISO 20022 standards are typically required. Excellent organizational skills, problem-solving abilities, and effective communication help professionals manage complex transactions and client relationships. These skills are crucial for ensuring the accurate and secure settlement of assets, compliance with regulations, and high levels of client satisfaction.

What is the difference between Custody Operations vs Custody Settlement?

AspectCustody OperationsCustody Settlement
Primary FocusManaging daily custody activities, account maintenance, and client inquiriesProcessing and confirming the settlement of securities transactions
Required CredentialsTypically requires securities or finance certifications, such as CFA or equivalentSimilar credentials, often including certifications in securities operations or settlement processes
Work EnvironmentOffice-based, involving coordination with clients, banks, and internal teamsOffice-based, focused on transaction processing and reconciliation
Industry UsageCommonly used in banking, asset management, and custodial firmsPrimarily in securities firms, banks, and clearinghouses

Custody Operations involves managing ongoing custody accounts and client services, while Custody Settlement focuses on the accurate and timely settlement of securities transactions. Both roles require similar skills and certifications but differ in daily responsibilities and focus areas.

More about Custody Operations jobs
What cities are hiring for Custody Operations jobs? Cities with the most Custody Operations job openings:
What are the most commonly searched types of Custody Operations jobs? The most popular types of Custody Operations jobs are:
What states have the most Custody Operations jobs? States with the most job openings for Custody Operations jobs include:
Infographic showing various Custody Operations job openings in the United States as of July 2026, with employment types broken down into 82% Full Time, 13% Part Time, 1% Temporary, and 4% Contract. Highlights an 91% Physical, 2% Hybrid, and 7% Remote job distribution, with an average salary of $77,254 per year, or $37.1 per hour.

Custody Operations Specialist (multiple levels)

US Bank

Milwaukee, WI • Hybrid

$21.25 - $28.32/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

New


U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 360 frontline employees who took The Breakroom Quiz

51st of 170 rated banks


Job 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 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
Responsible for the operational support and processing of Wealth Management & Investment Services (WMIS) client accounts and products of various types and sizes established by clients for various purposes. Accountable for setting up securities, general account and asset level maintenance with some level of supervision. Responsibilities have various levels of risk correlating to the type and size of account or product. Effectively and accurately coordinate, manage and complete multiple duties and assignments concurrently and within acceptable timelines. Understands and achieves established Service Level Agreements. Accountable for compliance with established department policies and procedures.
Basic Qualifications
- Associate's degree, or equivalent work experience OR
- High school diploma or equivalent and two or more years of relevant experience
Preferred Skills/Experience
- Basic understanding of regulatory and accounting principles which directly affect Wealth Management & Investment Services business lines and clients
- Ability to quickly learn custody operational functions, systems, procedures, various products and/or services, for assigned area(s)
- Ability to multitask and meet established deadlines in a dynamic work environment
- Demonstrated analytical, problem-solving, decision-making, and organizational skills
- Effective customer relations, interpersonal, and verbal and written communication skills
- Proficient computer navigation skills using a variety of software packages including Microsoft Office applications
  • This role has multiple levels, open to candidates with MINIMUM 2+YEARS OF EXPERIENCE. The successful candidate will be hired for the level of the position that aligns with their experience. Please note that the salary range provided corresponds to the lowest level of the position posted.
  • This role is Hybrid (3+ days) in office from one of the posting locations

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability 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. Learn more about theE-Verify program.

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: $21.25 - $28.32

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.


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About U.S. Bank

Sourced by ZipRecruiter

U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Minneapolis, MN, US

Year founded

1863

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