Middle Office Deal Administrator Manager - Collateralized Loan Obligation

U.S. Bank • Chicago, IL

1d • Hybrid

About The Position

U.S. Bank Global Corporate Trust Services provides trustee, agency, escrow, document custody, and money market issuing services. Its Collateralized Loan Obligation (CLO) and Global Structured Finance groups serve structured finance vehicles that issue debt and equity liabilities to acquire collateral portfolios.

The CLO Middle Office Deal Administrator Trust Manager leads one or more trust units and works toward unit and divisional objectives. The manager develops and maintains unit policies, procedures, and training initiatives; hires and trains staff; sets and monitors performance goals; coaches employees; and recognizes and rewards performance. The role also prepares and reviews management and exception reports, serves as an expert resource for complex problem solving, and manages the unit budget through revenue growth, cost control, and expense reduction.

The role requires working from a U.S. Bank location three or more days per week. It is not eligible for visa sponsorship.

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 and 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 planning, budgeting, and people management skills.
• Sound analytical and problem-solving skills.

Responsibilities

• Lead one or more trust units in meeting unit and divisional objectives.
• 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 coverage, including medical, dental, and vision.
• Basic term and optional term life insurance.
• Short-term and long-term disability insurance.
• Pregnancy disability and parental leave.
• 401(k) and an employer-funded retirement plan.
• Paid vacation of 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
• Incentive and recognition programs.
• Equity stock purchase.

What This Job Offers

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