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

Inspire, excel and grow with us

U.S. Bank is hiring a Collateralized Loan/Asset Administrator (CLO) to support our Corporate Trust CLO team. 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.

Some responsibilities include but not limited to:

• Sets up new portfolios, assets and cash mapping input to CDO Suite.

• Processes Agent Bank notices into CDO Suite.

• Research CDO Suite discrepancies between portfolios with the same bond using Bloomberg, DTC, and Trustee report data.

• Manages daily CDO Suite and Issue Tracker reports globally to ensure accurate information.

• Ensures client responses on corporate actions are entered into Etran 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.

Schedule: Monday - Friday 8:30am - 5:00pm with mandatory overtime during month end, quarter end, year end

Location: Hybrid 3 days in Saint Paul or Chicago; 2 days remote

Basic Qualifications

• Associate or bachelor's degree, or equivalent work experience

• Less than two years of relevant work experience

Preferred Skills/Experience

• Strong organizational skills and detail-oriented

• Basic 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

Location Expectations

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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

Benefits: 

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 (some may vary based on role, location or hours):

• 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.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the Unite