2024 Asset Management Development Program

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.

Our Asset Management teams

U.S. Bancorp Asset Management (USBAM) and PFM Asset Management (PFMAM) are separately registered SEC investment advisors providing investment management services to institutional investors that include corporations, non-profits, and public sector entities. USBAM’s core strength and focus is on managing investment grade fixed income strategies, with more than $166 billion in assets under management as of June 30, 2023. PFMAM offers a variety of investment solutions including liquidity management, investment grade fixed income, and Outsourced Chief Investment Officer (OCIO) with more than $210 billion in assets under administration as of March 31, 2023.

What you’ll do

Asset Management Development Program Analysts are a critical part of our team, who ultimately serve a broad base of clients. Each analyst will achieve a solid foundation for a meaningful and growth-oriented career within the firm; many of our managers and directors have started their careers as successful analysts.

Asset Management Programs are set out to achieve results-driven goals; they have a strong focus on meeting clients’ needs, with diverse roles broadly focused on quantitative and qualitative analysis, financial modeling, due diligence, strategy research, presentations and reporting, data management, and client service and transactions across key investment entities.

As an Asset Management Development Program Analyst, you may embark on:

• Performing research, analysis, review, development, implementation, and monitoring of new and/or revised products/services.
• Analyzing current costs and estimates the cost or cost savings and enhanced benefits that may be achieved by implementing a recommendation.
• Compiling and analyzing information for an assigned project or area and making recommendations based on findings.
• Co-leading and influencing a working team of project staff.
• Acting as a project liaison with other departments.

Who we’re looking for

Are you an analytical individual who loves to use numbers to understand the root-cause of an issue or to provide recommendations? Do you find fulfillment in using qualitative and quantitative analysis or financial modeling to tell a story? If you have skills in business management, communications and problem-solving, with interests in consulting and investment management, then the Asset Management Development Program may be right for you!

Basic qualifications:

• Ability to start fulltime development program on June 24, 2024
• Bachelor’s degree completed prior to start date
• Basic understanding of financial terms, concepts, and applications

Preferred qualifications:

• Exceptional communication and presentation skills
• Unwavering integrity and ethics
• Developed problem solving skills and a solutions-focused approach to addressing challenges
• Proficient in Office 365, with strong skills in Excel
• Strong work ethic with a proactive, flexible attitude and a desire to pitch in wherever needed
• Outstanding teamwork and project execution skills with multitasking capability
• Strong interest in finance, consulting and/or investment management

Working model and hours:

This role is hybrid. Team members who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days.

Development program members work approximately 40-hours each week in this fulltime role.

The application process

If you are interested in applying and learning more, click on the Apply Now icon to submit your application. Most applications will be closed on September 29, 2023.

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 (some may vary based on role, location or hours):

• Short-term and long-term disability
• 401(k) and employer-funded retirement plan
• Basic term and optional term life insurance
• Pregnancy disability and parental leave
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
• Adoption assistance
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Healthcare (medical, dental, vision)

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.

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.

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: $61,115.00 - $71,900.00 - $79,090.00