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.
The Senior Accountant will support accounting, financial reporting, and control activities for a clearing capital markets broker-dealer with diverse fixed income and securities financing operations. This role is responsible for executing accounting processes across a range of products and transaction types, including fixed income trading, underwriting, securities borrowing and lending, repurchase and reverse repurchase agreements, defeasance transactions, and VRDN remarketing.
The ideal candidate for this position is an individual with broker-dealer product knowledge, technical accounting expertise, and understanding of trade lifecycle events. The Senior Accountant will work closely with cross-functional teams to ensure accurate financial reporting, maintain a strong control environment, and support operational efficiency in a highly regulated environment.
Support accounting for fixed income trading (corporate bonds, municipals, treasuries, ABS, CDs, VRDNs)
Support accounting for fixed income underwriting activities (corporate bonds, municipal bonds, ABS, Broker CDs and Rule 144A offerings)
Assist with securities borrowing and lending transactions
Record and analyze repurchase and reverse repurchase agreements
Support accounting for defeasance transactions and VRDN remarketing activities
Prepare daily, monthly, and quarterly journal entries for capital markets and broker-dealer products, including trade date and settlement date accounting, accruals, valuations support, and balance sheet reconciliations.
Prepare 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 balance sheet and P&L integrity
Ensure compliance with U.S. GAAP and internal controls
Assist with audit requests and documentation
Partner with regulatory reporting teams for data consistency
Work closely with capital markets desk operations, treasury, regulatory reporting, internal and external audit teams and product control teams
Assist with accounting support for system implementations and process improvements
Basic Qualifications
- Bachelor's degree in accounting or finance, or equivalent work experience
- Typically Five to eight years of experience in financial accounting activities
Preferred Skills/Experience
Knowledge of U.S. GAAP and financial reporting
Experience with reconciliations and month-end close
Strong Excel and data analysis skills
Familiarity with capital markets or broker-dealer products preferred
Hold FINRA Series 99 or be able to pass testing within 4-month window (120 days)
Strong technical accounting judgment
Understanding of capital markets products and operational flows
Attention to detail and control orientation
Ability to manage competing priorities in a deadline-driven environment
Strong verbal and written communication skills
Ability to translate complex product activity into clear accounting conclusions
Effective cross-functional collaboration
Continuous improvement mindset
This 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.
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. Learn more about the E-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: $86,360.00 - $101,600.00
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.
At U.S. Bank, we help millions of clients achieve their goals with a balance of best-in-class technology and human expertise tailored to individual needs. As the fifth-largest commercial bank in the United States, we’ve built a reputation for strength and stability across a diversified mix of businesses, including commercial and institutional banking, business banking, payments, wealth management and consumer banking. We’ve been named one of the World’s Most Ethical Companies® by the Ethisphere Institute and the most admired superregional bank by Fortune.
In addition to thousands of branches serving consumers, U.S. Bank offers a complete suite of products, services and strategic partnerships for business. Within our Wealth, Corporate, Commercial and Institutional Banking division, we serve more than half a million clients across the country and around the world, ranging from wealthy individuals and families to the largest corporations, including 90% of Fortune 1000 companies.
We’re also consistently recognized as a great place to work. We’re shaping our company culture with intention, focused on creating a workplace where it’s safe to speak up, share ideas and try new things. We’re proud to be recognized as a “Best for Vets” employer by the Military Times and included on Fair360’s (formerly DiversityInc.) list of Top 50 Companies for Diversity.
U.S. Bank, NA. Member FDIC. Equal Housing Lender.
