Collateralized Loan Obligation Loan Admin - Corporate Trust at U.S. Bank

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

22 May, 26

Salary

32.21

Posted On

21 Feb, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

System Management, Report Generation, Portfolio Setup, Cash Mapping Input, Agent Bank Notices Processing, Discrepancy Research, Issue Tracker Management, Corporate Actions Entry, Past Due Clearing, Unapplied Balance Clearing, Communication, Detail-Oriented, Organizational Skills, Data Interpretation, Microsoft Office

Industry

Banking

Description

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 Take your skills to the next level 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. 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. This role has multiple levels, open to candidates within Corporate Trust CLO department with minimum 1 year experience in CLO Loan Admin role. The successful candidate will be hired for the level of the position that aligns with their experience. Please note that the salary range provided corresponds to the lowest level of the position posted. Location: 3+ days in South La Salle, IL or West Side Flats, MN Schedule: Monday - Friday 8:30am - 5:00pm with mandatory overtime for month end, quarter end, and year end CLO Loan Admin 1 - Current level Opening Basic Qualifications Typically an Associate's or Bachelor's degree, or equivalent work experience Typically less than two years of relevant work experience CLO Loan Admin 2 - Current level Opening Basic Qualifications Typically a Bachelor's degree, or equivalent work experience Typically two to three 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 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 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, 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 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. 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: $24.18 - $32.21 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. Posting may be closed earlier due to high volume of applicants. 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.

Responsibilities

The primary responsibility involves managing the daily Collateralized Loan Obligation (CLO) system and issuing tracker reports, which includes setting up new portfolios, processing notices, and researching discrepancies. This role also requires daily contact with Trustees and Agent Banks to ensure timely receipt of missing payments or reports.