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, enabling the communities we support to grow and succeed in the right ways, all more confidently and more often—that’s what we call the courage to thrive. 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. Try new things, learn new skills and discover what you excel at—all from Day One.

As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goals—no matter what they need. From transaction processing to customer service, to driving innovation and launching new products, we’re building a range of tailored payment solutions powered by the latest technology. As part of our team, you can explore what motivates and energizes your career goals: partnering with our customers, our communities, and each other.

We actively uphold transparent and fair hiring practices that support individual opportunity, inclusive culture, and career mobility across all levels of our organisation.

We offer meaningful opportunities for growth, a culture of inclusion, and a strong commitment to transparency and integrity in everything we do.

Job Description

Our Global Custody business within Investment Services comprises of Custody, Trade Services, Cash Processing, FX, Asset Servicing, Client Services and Settlements teams.

Our 2-year graduate program (undergraduate) will give you the opportunity to learn all aspects of the business and you will complete three rotations of 8 months:

Rotation 1: Global Fund Custody
Rotation 2: Global Settlements
Rotation 3: Global Trade Services/Cash Operations

Responsibilities

Developing an understanding of how trades are processed and instructed to market across a range of asset classes, learning how to ensure instructions are accurate and submitted within required market deadlines.
Learning to monitor the full trade lifecycle from execution through to settlement, supporting the identification of failed or pending trades and contributing to root‑cause investigation and resolution activities.
Gaining hands‑on experience in daily cash and asset reconciliations, supporting the investigation of breaks and learning when and how to escalate unreconciled items in line with internal controls and regulatory requirements.
Building practical knowledge of settlement processes by supporting manual settlement and booking activities within internal custody and books‑and‑records systems under supervision.
Developing exposure to cash operations activities, including cash forecasting, funding requirements, and monitoring cash positions across multiple currencies.
Gaining insight into global market operations, supporting teams across different regions and learning about settlement models, market practices, and time‑zone driven workflows.
Developing client and stakeholder communication skills by supporting internal and external query management and escalations, ensuring timely responses and high standards of client service.
Learning to operate within established procedures and control frameworks, understanding how operational, financial, and reputational risks are mitigated, including regulatory and audit requirements.
Supporting trade and cash investigations by gathering data, analysing exceptions, and clearly documenting findings for review by senior team members.

From day one, you'll make meaningful contributions to our business while developing your business acumen, sharpening your skills and growing your network. As a graduate you'll receive:

Intentional, on-the-job learning supplemented with formal professional development
Immersive experiences to build skills that are in demand today and in the future
Transitional support catered to your unique needs as a student
A cohort and network of peers, advisors and senior leader advocates
Social and volunteer events that build meaningful connection

Who we’re looking for

We’re looking for intellectually curious and creative thinkers who can think on their feet and thoughtfully react to a changing market.

Core Bahaviours

Collaboration – Build partnerships and promote a culture of teamwork.
Customer Centricity – Build strong customer relationships and deliver customer centric solutions.
Drive for Results – Hold self and others accountable to consistently achieve meaningful results.
Ethics & Trust – Maintain high ethical standards; gain the confidence and trust of others through honesty, integrity and authenticity.
Inclusion – Build a culture of equity and inclusion in which diverse ideas, talent and perspectives are welcomed and encouraged.
Risk - Appropriately identify and manage risks, in compliance with applicable laws, rules and regulations, and with Company Policy.

Basic qualifications

Bachelor’s degree in Business, Economics, Finance, Mathematics, or a related field, with a graduation year of 2025 or 2026.
Strong written and communication skills
Excellent interpersonal skills
Solid understanding of financial and technology
Strong in Excel and PowerPoint
Available to start on the 1st September
Industry experience 1 year or less
Attention to detail

Location

Cherrywood. 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.

Contract Type:

2 year Fixed term Contract

This position is not eligible for visa sponsorship.

Accessibility

We are committed to providing an inclusive and accessible recruitment experience. If you need adjustments at any stage of the application or hiring process, please contact your recruiter for guidance and support.

Total Rewards

U.S. Bank is committed to fair, equitable, and transparent compensation practices in line with local regulatory and legal requirements. Our total rewards approach is designed to attract, retain, and support top talent while ensuring equal pay for work of equal value.

We offer a market-competitive compensation package that includes:

Clearly defined salary ranges aligned with industry benchmarks and internal equity standards.
Performance-based incentives for eligible employees (as defined by relevant plan rules), awarded through transparent, objective criteria that recognize both individual and company performance.
Inclusive equitable benefits that are accessible to all employees and focused around our 3 main pillars of financial wellbeing, health & wellness).
Continuous development opportunities including training, education support, and career progression pathways based on inclusive and transparent criteria.
Employee recognition programs that celebrate achievements and milestones for all.

We regularly review our compensation and benefits to ensure they remain competitive, inclusive, and responsive to employee needs and market trends. Further details of the compensation package will be provided upon application.

We encourage candidates to explore the full value of our offer, including monetary and non-monetary benefits, at Employee benefits and development | U.S. Bank | Elavon.

Closing Date

Posting may be closed earlier due to high volume of applicants.

We aim to provide timely updates throughout the process and encourage early applications to ensure consideration.

Custody Operations Graduate

Benefits

Job Description