Accounting Manager- Capital Markets/Broker-Dealer

Overview 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. 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 Accounting Manager will support the accounting, financial reporting, and control environment for a clearing capital markets broker dealer with a diverse fixed income and securities financing activities. 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. Key Responsibilities Product and Transaction Accounting Oversight Manage and oversee accounting support for the following products and activities: Fixed Income Trading Corporate bonds Brokered CDs Municipal bonds U.S. Treasuries Asset-backed securities (ABS) Variable Rate Demand Notes (VRDNs) Fixed Income Underwritings Rule 144A offerings Securities Borrowing and Lending Firm stock borrow / stock loan Corporate bonds lending/borrowing activity where applicable Repurchase and Reverse Repurchase Agreements Defeasance transactions VRDN remarketing Core Accounting Responsibilities 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. Ensure completeness and accuracy of accounting for: Trading gains/losses Underwriting fees and deal-related revenue Interest income and interest expense Borrow and loan fees Repo and reverse repo income/expense Mark-to-market adjustments where applicable 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. Financial Reporting and Control 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. Cross-Functional Partnership Work closely with Capital markets desk support teams; Operations / settlements; Treasury and liquidity teams; Product control / valuation control; Regulatory reporting; Internal audit, external audit, and compliance. 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. Team Leadership and Process Improvement 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. Basic Qualifications Bachelor's degree in accounting or finance (preferred) or related field, or equivalent work experience Six or more years of accounting experience Preferred Skills/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 Hold FINRA Series 27 or be able to pass testing within 4-month window (120 days) Experience in a clearing broker-dealer 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 Benefits Hybrid/flexible schedule with in-office expectation of 3 or more days per week and flexibility for other days 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 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 salary range reflects figures based on the primary location; actual range may differ by location. Pay Range: $111,605.00 - $131,300.00. U.S. Bank will consider qualified applicants with arrest or conviction records. Background checks are conducted per local laws and applicable regulations. Applicants must comply with Code of Ethics and Business Conduct and related workplace policies. Note: Posting may be closed earlier due to high volume of applicants. #J-18808-Ljbffr U.S. Bank