Middle Office Deal Administrator - Collateralized Loan Obligation

U.S. Bank; Chicago (IL); On-site; USD 36,000 - 47,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) retirement plan

Paid vacation and holidays

Disability insurance

Life insurance

Job summary

U.S. Bank is seeking a Middle Office Deal Administrator within the CLO group of Global Corporate Trust and Custody. Your role includes settling trades, booking cash flows, and maintaining asset data, with regular investor reporting and data accuracy obligations.

The position requires a finance-related degree (or equivalent) and typically under two years of relevant experience; strong organizational and communication skills are essential. On-site work is expected at U.S. Bank locations.

Qualifications

• Bachelor's degree in finance or related field or equivalent work experience.
• Typically less than two years of relevant work experience.
• Proficient use of MS Office and data reporting tools.

Responsibilities

• Settle bond/bank loan trades and invest excess cash per PM directions.
• Book cash inflows/outflows to the portfolio.
• Track asset attributes such as accrual data and ratings.
• Produce client reports daily, monthly, and quarterly.
• Assist analysts with investor reporting.
• Ensure data accuracy and timely bookings and reconciliations.

Skills

Organizational skills

Attention to detail

Data interpretation

Time management

Analytical skills

Verbal and written communication

Education

Bachelor's degree in finance or related field

Typically <2 years experience

Tools

Microsoft Office

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 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. Typical types of collateral include syndicated bank loans, corporate bonds, ABS, MBS, and Mezzanine debt. Investors can choose between a variety of risk return option.

Responsibilities of the Middle Office Deal Administrator

• Settles bond/bank loan trades and invests excess cash as directed by the Portfolio Manager
• Books cash inflows/outflows to the portfolio
• Tracks asset attributes such as accrual information, rating, industry codes, etc.
• Provides reports to the clients on a daily/monthly/quarterly basis
• Assists analysts with reporting to the investors
• Ensures accuracy and timeliness of data through proper booking and reconciliation of account activity

Basic Qualifications

• Bachelor's degree in finance or related field, or equivalent work experience
• Typically less than two years of relevant work experience

Preferred Skills/Experience

• Strong organizational skills and detail-oriented
• Basic indenture interpretation abilities and analytical skills
• Effective verbal and written communication 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

This position is not eligible for visa sponsorship.

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

• 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: $25.77 - $34.33

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.