Corporate Trust Default Team Leader – Corporate/Municipal

Jobtailor

Illinois

On-site

USD 150,000 - 190,000

Full time

7 days ago

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Job summary

Jobtailor in United States is seeking a Senior Risk Leader to head Default Administration within Global Corporate Trust. You will lead a team of relationship managers, oversee default risk across complex transactions, and establish governance for risk escalation and mitigation.

You will collaborate with Legal, Compliance, Risk, and Operations, drive process improvements, monitor KRIs and dashboards, and mentor a high-performing team while ensuring adherence to investment and regulatory standards.

Qualifications

Bachelor's degree in a related field or equivalent experience.
8+ years of Corporate Trust experience with default administration and risk management.
Experience leading large default portfolios and organizational transformation.
Strong knowledge of Global Structured Finance, CLO, ABS, CMBS.
Ability to interact with senior executives and drive cross-functional decisions.
JD/MBA/CFA/CRCM or equivalent professional designation preferred.

Responsibilities

Lead a team of relationship managers overseeing default risk within Global Corporate Trust.
Oversee risk across complex defaulted and distressed Corporate Trust transactions.
Establish governance for risk identification, escalation, monitoring, and mitigation.
Review default management strategies including restructurings, bankruptcy, and workouts.
Mentor and develop Default Relationship Managers.
Partner with Legal, Compliance, Risk, and Operations on risk discussions.
Monitor KRIs, portfolio reporting, and dashboards.
Drive process improvements for scalability and efficiency.

Skills

Team Leadership

Risk Management

Corporate Trust

Regulatory Compliance

Stakeholder Management

Strategic Thinking

Project Management

Communication Skills

Mentoring

Analytical Thinking

Education

Bachelor's degree or equivalent experience

Juris Doctor (JD)

MBA

CFA

CRCM

Tools

Portfolio Management Systems

Document Analysis Tools

Regulatory Reporting Software

Job description

Lead a team of relationship managers responsible for identifying, assessing, mitigating, and overseeing default risk within Global Corporate Trust
Lead risk oversight activities across complex defaulted and distressed Corporate Trust transactions
Establish and maintain governance processes for identification, escalation, monitoring, and mitigation of transaction-related risks
Review and assist with default management strategies for restructuring, bankruptcy, workout, dispute, and enforcement matters
Evaluate emerging risks and recommend proactive mitigation strategies to senior leadership
Serve as escalation authority for high-impact transactions with elevated reputational, legal, or operational risk
Maintain and manage a reduced portfolio of default situations
Ensure consistency in decision-making and administration practices across the default portfolio
Lead, coach, develop, and mentor Default Relationship Managers
Establish performance expectations and accountability standards
Utilize succession planning, talent development, and organizational effectiveness initiatives
Create a culture focused on risk awareness, client service, collaboration, operational excellence, and continuous improvement
Provide guidance on trust indentures, transaction documents, governing agreements, and trustee and agent duties
Support complex interpretation of transaction documents and contractual provisions related to default administration
Manage financial and reputational exposure
Advise leadership and consult with business partners regarding transaction-specific risks and business impacts
Ensure operational and administrative functions comply with division standards
Monitor key risk indicators, portfolio reporting, and management dashboards
Drive operational improvements that increase scalability, consistency, efficiency, and risk mitigation
Lead remediation efforts associated with audits, risk reviews, regulatory examinations, and control assessments
Sponsor automation and process enhancement initiatives
Partner with senior leaders across Corporate Trust, Legal, Compliance, Risk Management, and Operations
Engage with clients, investors, attorneys, servicers, and other transaction participants
Represent Default Administration in enterprise-wide strategic initiatives and risk discussions
Report directly to the Corporate Trust Default Director

Requirements

Bachelor's degree or equivalent experience
8+ years of Corporate Trust experience
Significant exposure to default administration, financial restructurings, bankruptcy proceedings, dispute resolution, distressed debt transactions, and risk management
Experience overseeing large Corporate Trust default portfolios
Experience leading through organizational transformation, regulatory change, or operational modernization initiatives
Knowledge of Global Structured Finance, CLO, ABS, CMBS, municipal finance, and corporate debt structures
Demonstrated expertise in interpreting Corporate Trust documents, including trust indentures, pooling and servicing agreements, collateral documents, and other governing transaction documents
Strong understanding of the corporate trust business, the role and duties of trustees and agents, regulatory requirements, and operational risk management practices
Proven ability to interact with senior executives and drive decisions across multiple stakeholder groups
Leadership experience managing formal or informal teams
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
Preferred: Juris Doctor (JD), MBA, CFA, CRCM, or other relevant professional designation or experience

Core Competencies

Demonstrates extensive expertise in Corporate Trust management, default administration, and risk mitigation strategies, with a strong focus on operational excellence and client service. Proven leadership in managing teams, driving organizational transformation, and ensuring compliance with regulatory standards.

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