CDO Loan Asset Administrator

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.

The Collateralized Loan Obligation Group (CLO) is a division within Global Corporate Trust and Custody. CLOs are structured finance vehicles that issue both debt and equity liabilities, with the proceeds being used to buy a portfolio of collateral. The primary responsibility for this role is to manage the daily CLO system and issue tracker reports. Sets up new portfolios, assets and cash mapping input to CLO system.

Processes Agent Bank notices into system. Researches discrepancies between portfolios with the same bond using report data. Manages daily CLO issue tracker reports globally to ensure accurate information. Ensures client responses on corporate actions are entered in a timely and accurate manner. Clears past dues and unapplied balances. Contacts Trustees and Agent Banks daily to ensure all missing payments or reports are received.

Primary responsibilities include:

• Manage the daily CLO system and issue tracker reports.
• Set up new portfolios, assets, and cash mapping input to the CLO system.
• Process Agent Bank notices into the system.
• Research discrepancies between portfolios with the same bond using report data.
• Manage daily CLO issue tracker reports globally to ensure accurate information.
• Ensure client responses on corporate actions are entered in a timely and accurate manner.
• Clear past dues and unapplied balances.
• Contact Trustees and Agent Banks daily to ensure all missing payments or reports are received.

• Typically a Bachelor's degree, or equivalent work experience.
• Typically two to three years of relevant work experience.

• Strong organizational skills and detail-oriented.
• Broad 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.

This role requires working from a U.S. Bank location three (3) or more days per week.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to disability accommodations for applicants.

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:

• 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

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

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