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

Your journey starts now

The Collateralized Debt Obligation Group (CDO) is a division within U.S. Bank Global Corporate Trust Services, the premier CLO trustee in the industry. CDOs are structured finance vehicles that issue both debt and equity liabilities, with the proceeds being used to buy a portfolio of collateral. Typical types of collateral include syndicated bank loans, corporate bonds, asset-backed securities, mortgage-backed securities, and Mezzanine debt. The CDO Loan/Asset Administration is responsible for monitoring and maintaining pools of corporate bonds, asset-backed securities, mortgage-backed securities, and Mezzanine debt that act as collateral for CDO. This position is relied on by the Deal Administration, Analytics, and Relationship Management departments to process interest payments, principal payments, fees, and new payment information in an accurate and timely manner.

The CDO Loan/Asset Administrators research CDO Suite and bond discrepancies between portfolios using Bloomberg, DTC, and different trustee reports. The team manages bonds globally in CDO Suite and Issue Tracker to ensure accurate information is in the systems. Two primary responsibilities are booking interest/principal payments when the notes pay and monitoring/granting access to external parties to be able to view U.S. Bank’s reports. The team assists the CLO Team and the Tagging Team during high volume periods, like month end. The team offers training and includes hands-on practice. Opportunities for promotions include, but are not limited, to CDO Loan/Asset Administrator I and II, Deal Administrator, Analyst and Relationship Manager

Schedule : Monday - Friday 8:30am - 5:00pm CST - requires overtime

Location : Chicago, IL; hybrid 3 days in office, 2 days remote

Qualifications

• Typically, an Associate's or Bachelor's degree, or equivalent work experience

• Typically less than two years of relevant work experience

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.

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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 (https://careers.usbank.com/global/en/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

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $25.00 - $33.32 - $36.65

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

U.S. Bank accepts applications for this position on an ongoing basis.