Asset Admin Trust Associate I

Western Alliance Bank • Houston, TX

3d • Onsite

About The Position

As a Corporate Trust Administration Analyst, you'll be responsible for actively monitoring and maintaining corporate trust assets that are the collateral in a CLO or Leverage Finance Facility with a high level of independence. You will be responsible training and developing junior team members and process transactions with a higher level of complexity. You will maintain our asset database, working with counterparties on discrepancies, processing transactions, and ensuring our database is accurate. Read and interpret agent bank loan notices to process activity and ensure loan characteristics are accurate. Read and interpret Credit Agreements to update loan characteristics. Research global data discrepancies and provide documentation. Responsible for various reconciliations: trades, asset characteristics, internal accounts. Participate with technology support teams with systematic process flows and initiatives to improve flows and efficiencies. Responsible for supporting Client Service team in the delivery of accurate asset data for our CLO's and Leverage Finance Facilities in the Corporate Trust Business Training and developing junior team members Raising issues that may expose risk to the organization. Reviewing procedures to ensure they effectively manage the risks to the organization and drive changes when necessary to mitigate risks. And other duties as assigned

Requirements

• Bachelor’s degree in a related field is preferred or an equivalent combination of education and experience.
• 3+ years of related experience, preferably including experience with syndicated loans/financial assets/paying agency.
• Solvas experience preferred.

Responsibilities

• Actively monitor and maintain corporate trust assets that are the collateral in a CLO or Leverage Finance Facility with a high level of independence.
• Train and develop junior team members.
• Process transactions with a higher level of complexity.
• Maintain the asset database, working with counterparties on discrepancies, processing transactions, and ensuring database accuracy.
• Read and interpret agent bank loan notices to process activity and ensure loan characteristics are accurate.
• Read and interpret Credit Agreements to update loan characteristics.
• Research global data discrepancies and provide documentation.
• Perform various reconciliations: trades, asset characteristics, internal accounts.
• Participate with technology support teams on systematic process flows and initiatives to improve flows and efficiencies.
• Support the Client Service team in the delivery of accurate asset data for CLOs and Leverage Finance Facilities in the Corporate Trust Business.
• Raise issues that may expose risk to the organization.
• Review procedures to ensure they effectively manage risks to the organization and drive changes when necessary to mitigate risks.
• Perform other duties as assigned.

Benefits

• Competitive salaries
• Ownership stake in the company
• Medical and dental insurance
• Time off
• 401k matching program
• Tuition assistance program
• Employee volunteer program
• Wellness program
• Opportunity to bolster business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level