Kyc Associate Jobs in Minnesota (NOW HIRING)

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.

Ascent Private Capital Management is a leading player in the ultra-high-net-worth financial services industry, dedicated to helping our clients and families achieve their financial goals. The Family Office Operations Associate supports trust and investment account openings by reviewing statements and governing documents and using that information to establish account, payment, and monitoring setups across multiple bank systems. Works in partnership with Client Teams and internal partners to support onboarding and management of post opening account maintenance and system updates. Collaborates with downstream teams to support smooth transitions into ongoing servicing, with an understanding of how onboarding activities impact continued account support.

Key Responsibilities:

Account Opening

• Manage the end-to-end process for opening banking, new trust, and investment accounts, including documentation review and verification.
• Ensure compliance with governing documents, state statutes, and company policies.
• Experience reviewing trust agreements and related fiduciary documents.
• Coordinate with internal teams (Trust Officers, Investments, Operations, Client Teams) to facilitate timely account setup.
• Provide clear communication regarding requirements, timelines, and next steps.
• Ensure timely resolution of any discrepancies or client concerns.

Operations

• Process and maintain trust and investment fee setups, updates, and ongoing fee maintenance in alignment with account documentation, approvals, and internal procedures.
• Complete account recodings and related system updates to support accurate account classification, servicing, reporting, and downstream operational workflows.
• Provide statement coding support to ensure client statements reflect appropriate account-level coding, delivery preferences, and servicing requirements.

Risk Management & Compliance

• Address portfolio exceptions and clear Reg 9s, including concentration limits, restricted securities, conflicts of interest, and required approvals.
• Adhere to all regulatory and corporate compliance standards, including KYC, Beneficial Owner Rule, and fiduciary requirements.
• Monitor risk indicators and escalate issues as needed.

Basic Qualifications

• Bachelor's degree in Finance, Business Administration, or related field (or equivalent experience).
• 2+ years' experience in Wealth Management, trust, investment, and account opening processes.
• 2+ years' experience in trust administration, investment services, or account management.

Preferred Skills/Experience

• Thorough knowledge of general trust products
• Strong project management and crisis management skills
• Advanced knowledge of cash and security transactions and trust operations
• Baseline understanding of investment management
• Strong knowledge of fiduciary law, trust accounting, investment products, and compliance (AML/KYC, Beneficial Owner Rule).
• Proficiency in trust/investment systems and digital onboarding platforms.

Location expectations:
This role requires working from a U.S. Bank location three (3) or more days per week.

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.

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.