Asset Administration Trust Associate

Western Alliance Bancorporation; Houston (TX); On-site; USD 85,000 - 115,000; Full time

Benefits offered by this job

Competitive salary

Ownership stake in the company

Medical and dental insurance

Time off

401k matching program

Tuition assistance program

Employee volunteer program

Wellness program

Job summary

Western Alliance Bancorporation is hiring an Asset Administration Trust Associate in Houston, TX to monitor and maintain corporate trust assets used as collateral in CLOs and Leverage Finance facilities. You’ll train junior team members and process complex transactions with a high degree of independence.

As part of Corporate Trust Administration, you’ll manage asset data, work with counterparties on discrepancies, and help drive risk controls while delivering accurate data for client facilities.

Responsibilities

• Read and interpret agent bank loan notices to process activity and ensure loan characteristics are accurate.
• Read and interpret Credit Agreements to update loan characteristics.
• Research global data discrepancies and provide documentation.
• Responsible for various reconciliations: trades, asset characteristics, internal accounts.
• Participate with technology support teams with systematic process flows and initiatives to improve flows and efficiencies.
• Responsible for supporting Client Service team in the delivery of accurate asset data for our CLO's and Leverage Finance Facilities in the Corporate Trust Business
• Training and developing junior team members
• Raising issues that may expose risk to the organization.
• Reviewing procedures to ensure they effectively manage the risks to the organization and drive changes when necessary to mitigate risks.
• And other duties as assigned

Job description

Job Title

Asset Administration Trust Associate

Location

Houston, TX

What you’ll do

As a Corporate Trust Administration Analyst, you’ll be responsible for actively monitoring and maintaining corporate trust assets that are the collateral in a CLO or Leverage Finance Facility with a high level of independence. You will be responsible training and developing junior team members and process transactions with a higher level of complexity. You will maintain our asset database, working with counterparties on discrepancies, processing transactions, and ensuring our database is accurate.

• Read and interpret agent bank loan notices to process activity and ensure loan characteristics are accurate.
• Read and interpret Credit Agreements to update loan characteristics.
• Research global data discrepancies and provide documentation.
• Responsible for various reconciliations: trades, asset characteristics, internal accounts.
• Participate with technology support teams with systematic process flows and initiatives to improve flows and efficiencies.
• Responsible for supporting Client Service team in the delivery of accurate asset data for our CLO's and Leverage Finance Facilities in the Corporate Trust Business
• Training and developing junior team members
• Raising issues that may expose risk to the organization.
• Reviewing procedures to ensure they effectively manage the risks to the organization and drive changes when necessary to mitigate risks.
• And other duties as assigned

What you’ll need

• Bachelor’s degree in a related field is preferred or an equivalent combination of education and experience.
• 3+ years of related experience, preferably including experience with syndicated loans/financial assets/paying agency.
• Solvas experience preferred.

Benefits you’ll love

• competitive salaries
• an ownership stake in the company
• medical and dental insurance
• time off
• a great 401k matching program
• tuition assistance program
• an employee volunteer program
• a wellness program

In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands‑on experience to help grow your career!

About the company

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email [e-mail] or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Western Alliance Bancorporation