Middle Office Deal Administrator Manager - Collateralized Loan Obligation
About The Position
U.S. Bank Global Corporate Trust Services is one of the largest providers of corporate trust services in the world. Our clients look to us for trustee, agency, escrow, document custody and money market issuing services via our 48 domestic offices and three international offices. The Collateralized Loan Obligation (CLO) and Global Structured Finance (GSF) groups are divisions within U.S. Bank Global Corporate Trust Services and provide services on structured finance vehicles that issue both debt and equity liabilities, the proceeds of which are used to buy a portfolio of collateral such as syndicated bank loans, corporate bonds, ABS, MBS, CMBS and Mezzanine debt. The CLO Middle Office Deal Administrator Trust Manager leads a trust unit or units within the organization and acts to meet unit and divisional objectives. This leader will develop and maintain unit policies, procedures, and training initiatives, hire and train staff, establish and monitor performance goals, coach employees, and recognize and reward performance results. The role prepares and reviews management and exception reports, serves as an expert resource for complex problem solving, and manages the unit budget by increasing revenue, controlling costs, and reducing expenses.
Requirements
- Bachelor's degree, or equivalent work experience
- Six or more years of experience in banking operations, sales, compliance/law, accounting, and/or customer service
- Two or more years of management experience
Nice To Haves
- In-depth experience with CLO cash processing
- Proficiency with Microsoft Excel tools and formulas
- Excellent client-facing communication skills
- Thorough knowledge of the Trust division, its products, processes, and related bank and regulatory regulations
- Ability to effectively manage large trust unit functions in operations, processes, compliance, sales, and relationship management
- Ability to provide leadership and guidance on sales processes and customer calling programs
- Strong management skills to include planning, budgeting, and people management
- Sound analytical and problem-solving skills
Responsibilities
- Develop and maintain unit policies, procedures, and training initiatives
- Hire and train staff
- Establish and monitor performance goals
- Coach employees, and recognize and reward performance results
- Prepare and review management and exception reports
- Serve as an expert resource for complex problem solving
- Manage the unit budget by increasing revenue, controlling costs, and reducing expenses
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
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What This Job Offers
Job Type
Full-time
Career Level
Manager
