Product Owner - USBAM Portfolio Administration & Accounting

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.

Job Description

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 wo