ABS Banking - Associate

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

Our Business

The Asset Backed Securitization Group (“ABSG”) originates loans and structures/underwrites term ABS issuance secured by financial assets originated and serviced by captive finance companies, banks and other specialty finance companies.

Overview

This role functions as the primary support for senior ABSG bankers.  Individual will support the entire deal execution process (for both warehouse and term ABS) including in the pitch / proposal, terms negotiation, ratings process / analysis, structuring, document review and closing. Primary responsibilities include:

• ABS issuer portfolio data analysis (losses and collateral)

• Perform credit, sector and relative value analysis

• Monitor ABS asset class performance

• New asset class research

• Prepare financial models that assess the economic impact of potential ABS debt transactions and determine the qualitative merits/drawbacks

• Assist in the preparation for and execution of term ABS bond offerings, including completion of internal procedures, legal documentation review, marketing materials review and coordination with the syndicate desk

• Work alongside internal deal team members, including Credit Risk Management, Portfolio Management, Sales & Trading, and Legal professionals

• Work with external deal team members during deal execution

• Maintain term ABS bond market information for issuer analysis and presentation materials used in client meetings, updates and proposals

Basic Qualifications

• Bachelor's degree (concentration in Finance or Accounting preferred), or equivalent work experience

• Three or more years of relevant work experience

• Series 79 and 63 licenses

Preferred Skills/Experience

• Deep understanding of the ABS market, securitization deal documents, and deal structures

• Previous experience supporting asset backed banking teams and with the ABS markets

• Mastery of Excel, PowerPoint and Bloomberg

• High level of personal motivation, strong interpersonal skills and a broad intellectual capacity

• Demonstrated capability for analysis and strategic thinking

• Teamwork skills and the ability to communicate ideas and recommendations effectively

• Comfortable functioning both independently and as part of a team, meeting stringent deadlines and work quality standards

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:

• 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

Review our full benefits available by employment status here.

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, gen