Collateralized Loan Obligation Loan/Asset Administrator - Wealth Operations

U.S. Bank • Chicago, IL

17d • $26 - $34 • Onsite

About The Position

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 welcome forward-thinkers like you U.S. Bank is hiring a Collateralized Debt Obligation Loan/Asset Administrator to support our Wealth Operations line of business. 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 Administrator researches 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 8am-5pm CST; Mandatory overtime during month end, quarter end, and year end Location : 3+ days in office (flexible, encourage Tuesdays in office) at 190 S La Salle St, Chicago

Requirements

• Typically an Associate's or Bachelor's degree, or equivalent work experience
• Typically less than two years of relevant work experience

Nice To Haves

• Demonstrable ability to research and resolve data discrepancies
• Ability to perform multiple tasks concurrently and prioritize workload and complete assignments in a timely manner with attention to detail and high degree of accuracy
• Utilize logical reasoning and sound judgment to make appropriate decisions following established policies and procedures
• Strong reading comprehension, problem-solving, decision-making, organizational skills, critical thinking, and analytical skills
• Strong customer relation skills, interpersonal, and verbal and written communication skills
• Proficient computer skills, including Microsoft Office applications like Excel
• Once trained, able to work independently with minimal guidance and as part of a team
• Strong interpersonal skills including tact, diplomacy, and flexibility to work effectively with cross-functional teams across various sites.
• Experience reconciling and administering bond transactions is a plus, but not required
• This position is not eligible for visa sponsorship.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree
• Number of Employees: 5,001-10,000 employees