U.S. Bank Jobs

Job Information

U.S. Bank Product Owner - Alternatives and Derivatives Processing - Remote in Saint Louis, Missouri

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

Partners closely with both internal and external customers to drive the evolution of Derivatives, Alternatives, and Common Trust Fund processes associated with the U.S. Bank strategic migration to a new custody and accounting platform. Facilitates and leads discussions with internal development teams, vendor development, and operations teams to understand and define the future state operating model. Maintains and refines the product gap list and develops business requirements for newly identified gaps. The candidate will form strategic partnerships across the firm to translate the product requirements into an executable roadmap.

Products in scope include:

  • Derivatives (Options, Futures, Swaps, and Forwards)

  • Alternatives (Private Equity and Hedge Funds both from an issuer and third party offering perspective)

  • Common Trust Funds

Basic Qualifications

  • Bachelor's degree, or equivalent work experience

  • Three to five years of related experience

Preferred Skills/Experience

  • Well-developed ability to collaboratively develop and evolve a product backlog

  • Well-developed ability to develop and articulate a product vision that supports outcomes, value and prioritization of work

  • Thorough understanding of the Lean/Agile mindset

  • Demonstrated leadership and interpersonal skills including ability to collaborate with and empower teams

  • Well-developed verbal and written communication skills

  • Strong knowledge of the operational processing associated with the products above

  • Ability to lead strategic conversations

  • Strong analytic, problem solving, and decision-making skills

  • Strong organizational and communication skills

  • Must be execution and results oriented

  • Deep Industry knowledge in one or more of following products:

  • Derivatives (Options, Futures, Swaps, and Forwards)

  • Alternatives (Private Equity and Hedge Funds both from an issuer and third party offering perspective)

  • Common Trust Funds

  • Understanding of the client, industry, operational and system ramifications of the above products

  • Experience leading the transition of operating models

  • Proficiency in defining and writing business requirements for systems that need to support one or more of the products named above

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 (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

Learn how the way we work at U.S. Bank (https://assets.phenompeople.com/CareerConnectResources/prod/UBNAGLOBAL/documents/Thewaywework-1666895142717.pdf) drives meaningful relationships with our customers and collaboration across the company.


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 law

EEO is the Law

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. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO 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 the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .

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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $92,480.00 - $108,800.00 - $119,680.00