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
The Collateralized Debt Obligation Group (CDO) is a division within U.S. Bank Global Corporate Trust Services, the premier CLO trustee in the industry. CDOs are structured finance vehicles that issue both debt and equity liabilities, with the proceeds being used to buy a portfolio of collateral. Typical types of collateral include syndicated bank loans, corporate bonds, asset-backed securities, mortgage-backed securities, and Mezzanine debt. The CDO Loan/Asset Administration is responsible for monitoring and maintaining pools of corporate bonds, asset-backed securities, mortgage-backed securities, and Mezzanine debt that act as collateral for CDO. This position is relied on by the Deal Administration, Analytics, and Relationship Management departments to process interest payments, principal payments, fees, and new payment information in an accurate and timely manner.
The CDO Loan/Asset Administrators research CDO Suite and bond discrepancies between portfolios using Bloomberg, DTC, and different trustee reports. The team manages bonds globally in CDO Suite and Issue Tracker to ensure accurate information is in the systems. Two primary responsibilities are booking interest/principal payments when the notes pay and monitoring/granting access to external parties to be able to view U.S. Bank’s reports. The team assists the CLO Team and the Tagging Team during high volume periods, like month end. The team offers training and includes hands-on practice. Opportunities for promotions include, but are not limited, to CDO Loan/Asset Administrator I and II, Deal Administrator, Analyst and Relationship Manager.
Schedule : Monday - Friday 8:30am - 5:00pm CST - requires overtime.
Location : Chicago, IL; hybrid 3 days in office, 2 days remote.
Qualifications
- Typically, an Associate's or Bachelor's degree, or equivalent work experience.
- Typically less than two years of relevant work experience.
Skills/Experience
- Strong organizational skills and detail-oriented.
- Basic knowledge of assigned functional area, including applicable systems, policies, procedures, and regulatory requirements.
- Effective interpersonal and customer relation skills.
- Ability to manage multiple tasks/projects and deadlines simultaneously.
- Ability to identify and resolve exceptions and interpret data.
- Proficient computer navigation skills using a variety of software packages including Microsoft Office applications.
Location Expectations
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.
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.
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.
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