U.S. Bancorp | Accounting Manager- Capital Markets/Broker-Dealer

Key responsibilities

• This role will be responsible for managing accounting activities across a range of products and transaction types, including fixed income trading, fixed income underwriting, securities borrowing and lending, repurchase and reverse repurchase agreements, defeasance transactions, and VRDN remarketing activities.
• This position requires strong broker-dealer product knowledge, technical accounting expertise, operational understanding of trade lifecycle events, and the ability to work cross-functionally with front office, operations, treasury, product control, regulatory reporting, and external/internal audit teams.
• The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
• Oversee daily, monthly, and quarterly accounting activities for capital markets and broker-dealer products, including trade date and settlement date accounting, accruals, valuations support, and balance sheet reconciliations.
• Review accounting treatment for trading inventory, underwriting positions, financing transactions, and related revenue/expense recognition.
• Manage accounting close deliverables, journal entries, substantiations, and account reconciliations for assigned products and legal entities.
• Partner with operations and product control teams to understand end-to-end transaction flows and ensure accounting conclusions aligned with business activity and system processing.
• Support accounting analysis for complex transactions, new products, and non-routine events.
• Support internal and external financial reporting for the broker-dealer, including legal entity reporting and consolidation inputs, as applicable.
• Maintain strong balance sheet and P&L controls over trading, underwriting, financing, and remarketing activities.
• Review account reconciliations, breaks, aged items, and exception reporting; drive timely remediation and escalation where needed.
• Ensure compliance with internal accounting policies, U.S. GAAP, and broker-dealer control standards.
• Assist in development and maintenance of accounting policies, process narratives, desktop procedures, and control documentation.
• Partner with regulatory reporting teams to support consistency between general ledger balances and broker-dealer regulatory reporting inputs.
• Provide accounting support for business initiatives, systems implementations, process changes, and legal entity or product expansion efforts.
• Serve as a key accounting contact for control issues, process improvements, and audit/regulatory inquiries.
• Manage, coach, and develop accounting staff, including review of work product, prioritization of deliverables, and career development support.
• Identify and implement opportunities to improve accounting processes, strengthen controls, and reduce manual effort.
• Drive standardization and documentation across capital markets accounting processes.
• Support a culture of accountability, control discipline, continuous improvement, and effective partnership across finance and the business.
• Underwriting fees and deal-related revenue
• Pay Range: $111,605.00 - $131,300.00

Requirements

• Six or more years of accounting experience.
• Prior people management or demonstrated leadership experience.
• Strong knowledge of broker-dealer products and transaction flows, particularly fixed income and securities financing products.
• Experience supporting month-end close, account reconciliations, control execution, and audit support.
• Strong understanding of U.S. GAAP and internal control requirements in a regulated financial services environment.
• Advanced Excel skills and experience working with large data sets and accounting/reporting systems.
• Experience accounting for fixed income inventory, underwritings, repo/reverse repo, securities borrowing/lending, defeasance, and remarketing products.
• Familiarity with broker-dealer regulatory reporting and legal entity considerations.
• Experience working with front office, operations, and regulatory reporting teams in a bank-owned broker-dealer.
• Strong technical accounting research and memo-writing skills.
• Experience with process automation and systems enhancements.
• Experience in a clearing broker-dealer

U.S. Bancorp

U.S. Bancorp is an employer hiring in India (sector: BFSI / Investments / Insurance). In its own words: "Experience personalized banking services for your unique needs with U.S."

Its finance, accounts, audit and tax openings in India are mostly in Milwaukee, Minneapolis, Saint Louis and Tempe.

• Industry: BFSI / Investments / Insurance