Product Owner - Portfolio Administration & Accounting

Title: Product Owner - USBAM Portfolio Administration & Accounting

Location: Minneapolis MN United States

Technology & Digital

Job Id 2025-0016748

Full-time

Job Description:

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.

We are seeking a Product Owner within U.S. Bancorp Asset Management, Inc.'s Business Solutions team to execute on the Portfolio Administration and Accounting Product strategy and portfolio of initiatives, delivering innovative solutions to support portfolio administration, accounting, invoicing, performance measurement, and reporting processes. This role will act as the bridge between business and operations stakeholders, technology teams, and external vendors to ensure solutions meet the needs of USBAM, our clients, and regulatory requirements. The ideal candidate has a deep understanding of asset management operations, portfolio accounting, agile product development methodologies and business analysis, and is a strategic thinker with the ability to translate overarching goals into concrete tasks to tactically and effectively execute.

Key Responsibilities:

• Product Vision and Strategy

• Partners with senior leadership, key business stakeholders, and the product team to define and execute on the product vision and roadmap, ensuring alignment with USBAM's business objectives.

• Leverages OKRs (Objectives and Key Results) to drive roadmap priorities.

• Stays informed of regulatory changes and incorporates necessary updates into the product roadmap and backlog.

• Requirements Gathering and Prioritization

• Performs detailed analysis, & captures current state, future state, and gap analysis.

• Conducts business data analysis - collects, identifies, analyzes, and interprets business data using various kinds of techniques. Interprets and documents the findings of data analysis to support the decision-making process.

• Elicits functional and non-functional business requirements from stakeholders, writes user stories, and ensures traceability to solution-design and development.

• Acts as the primary liaison between business stakeholders and the development teams, ensuring clear communication of requirements and expectations.

• Agile Product Development

• Oversees development of features related to portfolio accounting, reconciliation, performance measurement, reporting, and billing and invoicing.

• Identifies business needs and translates them into actionable requirements and evolving improvements.

• Drives ongoing development with ownership of the backlog, ensuring clarity and alignment with strategic goals and the product's broader vision.

• Prioritizes product features and enhancements based on business value, regulatory requirements, and technical feasibility.

• Participates in sprint planning, daily stand-ups, sprint reviews, and retrospectives to drive continuous improvement.

• Assesses risks, benefits, impacts on business strategy, and consideration of alternatives, and forms strategic options

• Collaborates with other product or project teams to map, reduce, and manage dependencies, and cross-team planning.

• Performance Monitoring and Optimization

• Ensures that the platform supports accurate and timely calculation of data

• Monitors the performance and adoption of changes, gathering feedback from users to drive continuous improvement.

• Identifies opportunities to improve efficiency, scalability, and user experience.

• Participates in the process of determining KPIs and metrics to influence decisions.

• Stakeholder Engagement

• Builds strong relationships with internal stakeholders and external vendors

• Communicates effectively with both technical and non-technical audiences, collaborating across different teams and leadership levels

• Testing and Validation

• Coordinates test planning and execution through user acceptance

• Ensures thorough testing is conducted on new features and enhancements

• Validates that delivered solutions meet requirements and maintain high standards of accuracy and reliability.

Basic Qualifications:

• Bachelor's degree or equivalent work experience
• Product Management experience
• 8 - 10 years of Product Owner experience

Preferred Qualifications:

• Extensive asset management industry experience
• Extensive experience working with portfolio investment accounting, performance measurement, reporting, and reconciliation systems and processes.
• Well-developed ability to collaboratively develop and evolve a product backlog
• Well-developed ability to develop and articulate a product vision that supports outcomes, value and prioritization of work
• Skilled at Visio for creating process flows and swim lane diagrams
• Demonstrated leadership and interpersonal skills including ability to collaborate with and empower teams
• Strong organizational skills
• Well-developed verbal and written communication skills
• Proficient computer navigation skills
• Standard industry certifications such as SAFe, CSPO, or PSPO are preferred

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.

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):

• 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 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: $105,400.00 - $124,000.00

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.