Full-Time
Accounting Manager
Capital Markets/Broker-Dealer
Updated on 9/12/2026
U.S. Bank
10,001+ employees
Offers banking, loans, mortgages, investment advisory
Compensation Overview
$111.6k - $131.3k/yr
Charlotte, NC, USA + 2 more
More locations: St. Louis, MO, USA | Minneapolis, MN, USA
Hybrid
Three or more days in the office per week required; remaining days may be worked outside the office location.
Bachelor's
 Accounting (1) |
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- A bachelor's degree in accounting or finance, preferred, or a related field, or equivalent work experience.
- Six or more years of accounting experience.
- Manage and oversee accounting support for fixed income trading, fixed income underwritings, securities borrowing and lending, repurchase and reverse repurchase agreements, defeasance transactions, and variable rate demand note remarketing activities.
- Oversee daily, monthly, and quarterly accounting activities, including trade date and settlement date accounting, accruals, valuation support, and balance sheet reconciliations.
- Review accounting treatment for trading inventory, underwriting positions, financing transactions, and related revenue and expense recognition.
- Ensure completeness and accuracy of accounting for trading gains and losses, underwriting fees and deal-related revenue, interest income and expense, borrow and loan fees, repo and reverse repo income and expense, and applicable mark-to-market adjustments.
- 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 align accounting conclusions 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 profit-and-loss controls over trading, underwriting, financing, and remarketing activities.
- Review account reconciliations, breaks, aged items, and exception reporting, and drive timely remediation and escalation.
- Ensure compliance with internal accounting policies, U.S. Generally Accepted Accounting Principles, and broker-dealer control standards.
- Assist in developing and maintaining accounting policies, process narratives, desktop procedures, and control documentation.
- Partner with regulatory reporting teams to maintain consistency between general ledger balances and broker-dealer regulatory reporting inputs.
- Work with capital markets desk support, operations and settlements, treasury and liquidity, product or valuation control, regulatory reporting, internal audit, external audit, and compliance teams.
- Provide accounting support for business initiatives, system implementations, process changes, and legal entity or product expansion efforts.
- Serve as a key accounting contact for control issues, process improvements, and audit or regulatory inquiries.
- Manage, coach, and develop accounting staff, including reviewing work product, prioritizing deliverables, and supporting career development.
- Identify and implement accounting process improvements, strengthen controls, reduce manual effort, and drive standardization and documentation across capital markets accounting processes.
- 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. Generally Accepted Accounting Principles and internal control requirements in a regulated financial services environment.
- Advanced Microsoft Excel skills and experience working with large data sets and accounting or reporting systems.
- Hold FINRA Series 27 or be able to pass testing within a 120-day window.
- Experience in a clearing broker-dealer.
- Experience accounting for fixed income inventory, underwritings, repo and reverse repo, securities borrowing and 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.
U.S. Bank provides a wide range of banking and financial services for individuals, small businesses, and large corporations, including checking, savings, loans, mortgages, and investment advisory. Its products run through a network of physical branches and digital tools like a mobile app, enabling customers to open accounts, transfer funds, apply for loans, invest, and receive guidance. Revenue comes mainly from interest on loans, service fees, and advisory fees. The bank differentiates itself with a broad product lineup, accessibility, and inclusion, aiming to make banking easier and more accessible for people across the United States.
Company Size
10,001+
Company Stage
IPO
Headquarters
Minneapolis, Minnesota
Founded
1863
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Simplify's Take
What believers are saying
- Second-quarter 2026 revenue hit a record $7.7 billion, with 18.7% ROTCE.
- Fee income rose 13.2% in Q2 2026, boosted by BTIG's first-month $98 million.
- More than 50 new bankers joined in 2026, accelerating growth in Texas, Arizona, Florida, Georgia.
What critics are saying
- Mortgage servicing rights stayed at $1.58 billion; Fed stress tests flagged 5%-13% valuation declines.
- CFPB and OCC penalties over ReliaCard froze benefits case still scar leadership credibility.
- BTIG integration must deliver $200 million quarterly by late 2026 or revenue momentum stalls.
What makes U.S. Bank unique
- BTIG added institutional sales, trading, research, and M&A advisory in June 2026.
- U.S. Bank is expanding business banking into Florida and Georgia outside its branch footprint.
- Gunjan Kedia is diversifying revenue beyond lending, targeting capital markets above 10% of revenue.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
Paid Vacation
Paid Holidays
Adoption Assistance
Paid Sick Leave
Company News
U.S. bank quarterly net income surged to $90.1 billion in the second quarter of 2026, up 12% from the previous quarter, according to Whalen Global Advisors' latest report. Noninterest income rose $5.5 billion, or 6.1%, driven by higher trading revenue and fee income linked to the AI stock boom. However, Christopher Whalen, WGA Chairman, warns that margin lending and borrowing tied to securities transactions is growing faster than loans to non-depository financial institutions. The report also highlights potential vulnerabilities in mortgage finance, noting that bank-owned mortgage servicing rights have been significantly overvalued since late 2023. Whalen argues that current practices enable banks to lend against mortgage servicing rights at potentially unrealisable valuations, creating risks as credit conditions tighten.
Spire Inc. has secured a $400 million delayed draw senior unsecured term loan facility, the company announced on 1 September 2026. The credit agreement was established with a syndicate of banks led by Mizuho Bank and U.S. Bank National Association as joint lead arrangers and bookrunners. The facility allows up to four separate borrowings until the earliest of full utilisation, the fourth borrowing, or 1 December 2026. Pricing is set at Adjusted Term SOFR plus 0.80% per annum, with a 364-day maturity from the effective date. Proceeds will be used for general corporate purposes. The agreement includes standard covenants, including a consolidated capitalisation ratio requirement not exceeding 70% at each fiscal quarter-end. The delayed draw structure and short-term maturity suggest potential capital deployment or strategic activity ahead.
U.S. Bank is expanding its business banking division into Florida and Georgia for the first time, whilst accelerating growth in Texas and Arizona. The bank has added more than 50 customer-facing positions nationwide since the beginning of 2026, with further hiring expected. The expansion targets businesses with annual sales between $2.5 million and $50 million. Florida and Georgia represent U.S. Bank's first business banking presence in those states, forming part of its strategy to support clients beyond its traditional 26-state branch footprint. The bank has also expanded in Dallas, adding to its existing team there, and hired additional business bankers in Phoenix. The business banking division now includes more than 1,300 bankers providing deposit, lending, payments and treasury management solutions.
Universal Electronics has amended its credit agreement with lenders led by US Bank National Association. The revised deal, dated 21 August 2026, maintains the company's $60 million revolving credit facility and extends maturity to 30 September 2027. The agreement modifies financial covenants and borrowing base calculations. The borrowing base is set at 75% of eligible accounts receivable. SOFR borrowings carry a 3.00% margin. Notably, the amended agreement includes add-backs for restructuring expenses of up to $4 million in fiscal 2026 and $2 million in fiscal 2027, plus a $1.3 million loss on an abandoned California office lease. The changes suggest the company is undertaking restructuring whilst seeking operational flexibility. The agreement also references a sale of tariff refund claims to Jefferies Leveraged Credit Products dated 9 June 2026.
SAN JUAN CAPISTRANO, Calif., Aug. 20, 2026 -- The Ensign Group, Inc. , the parent company of the Ensign™ group of companies, which invest in and provide skilled nursing and senior living...