Head of Global Corporate Trust Default, Dispute and Review Group

US Bank; Saint Paul (MN); On-site; USD 238,000 - 309,000; Full time

Job summary

U.S. Bank is seeking a Head of Global Corporate Trust DDR to oversee and mentor professional teams in managing defaults and disputes. This role requires extensive experience in corporate trust, effective leadership, and strong problem-solving skills. The position offers a competitive salary and a comprehensive benefits package, emphasizing the importance of effective governance and risk management.

Benefits

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement plan

Paid vacation

Adoption assistance

Qualifications

• 15+ years of relevant experience.
• Thorough knowledge of corporate trust and investment instruments.
• Effective management skills including planning and budgeting.

Responsibilities

• Manage and mentor teams, ensuring performance and resolution of complex situations.
• Develop strategies to avoid financial exposure and achieve successful outcomes.
• Collaborate effectively within Global Corporate Trust and maintain key relationships.

Skills

Leadership

Risk Management

Problem-solving

Communication

Education

Background in business, finance, or law

Job 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

The Default, Dispute, and Review group (“DDR”) enforces covenants, addresses disputes, and manages defaults on matters across the Global Corporate Trust businesses of Corporate Muni Escrow, Global Structured Finance, and Collateralized Loan Obligations. The Default team applies business judgement to high-risk situations like defaulted bonds, bankruptcies, disputes, and litigation. The Mortgage Disputes team addresses property and loan-level disputes on mortgages held in RMBS and CMBS trusts. The Trust Review team serves as part of the deal administration team, alongside client managers, account administrators, and operations, to enforce covenants and obligations contained with the governing documents for trust matters.

The Head of Global Corporate Trust DDR oversees and mentors these teams of professional leaders, address matters of potential exposure, and, as part of the Global Corporate Trust senior management team, guides governance and business practices.

ESSENTIAL FUNCTIONS:

• People Leadership: Manages and mentors team of professional leaders, providing guidance and support to ensure effective performance and resolution of complex situations. Leads with intention to drive high performance, develop careers, and engage and empower staff.
• Results Management: Avoids financial exposure and write-offs. Collects appropriate fees and balances. Controls expenses. Establishes sound processes, engages proper experts, and applies appropriate resources to specific situations.
• Default Management: Develops and implements strategies to avoid exposure, collect compensation for extraordinary services, and achieve successful outcomes in default and restructuring scenarios.
• Relationship Management: Collaborates effectively within Global Corporate Trust and across other business lines. Maintains key relationships with law firms, investment banks, trust investors, media, and other stakeholders like issuers, borrowers, underwriters, and regulators.
• Risk Management: Meets established performance metrics. Achieves strong self-assessments, internal audit, and regulatory examination results. Ensures adherence to applicable policies and procedures.
• Approach Management: Across business lines of Global Corporate Trust, supports the evolution of governance and business practices and addresses matters of potential exposure. Leads teams to apply established corporate trust tenets.

Qualifications:

• 15+ years of relevant experience
• Thorough knowledge of corporate trust and investment instruments
• Thorough knowledge of the applicable trust line of business, its products, processes, and related regulations
• Ability to lead and transform
• Effective management skills to include planning, budgeting, and people management
• Excellent problem-solving skills and detailed focus
• Ability to communicate effectively with clients to resolve client issues and disputes
• Effective interpersonal, verbal and written communication skills
• Experience managing distressed corporate trust transactions
• A background in business, finance, or law is a plus

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability 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

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 theE-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: $238,765.00 - $280,900.00 - $308,990.00

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.