Middle Office Deal Administrator Manager - Collateralized Loan Obligation

U.S. Bank; Chicago (IL); On-site; USD 118,000 - 144,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) plan

Paid vacation

Up to 11 paid holidays

Job summary

U.S. Bank Global Corporate Trust Services seeks a CLO Middle Office Deal Administrator Trust Manager to lead a trust unit. The role develops policies, trains staff, and guides the unit toward revenue growth while controlling costs.

You will coach teams, supervise performance goals, and provide expert problem-solving support within the CLO/GSF groups, ensuring regulatory alignment and client service excellence.

Qualifications

• Bachelor's degree or equivalent work experience.
• Six+ years of experience in banking operations, sales, compliance/law, accounting, and/or customer service.
• Two+ years of management experience.
• Experience with CLO cash processing (preferred).
• Excellent client-facing communication skills.
• Thorough knowledge of the Trust division, its products and regulations.

Responsibilities

• Develop and maintain unit policies, procedures, and training initiatives.
• Hire and train staff; establish and monitor performance goals; coach employees.
• Prepare and review management and exception reports; act as expert resource for complex problems.
• Manage the unit budget by increasing revenue, controlling costs, and reducing expenses.

Skills

Leadership

People management

Budgeting

Analytical thinking

Problem solving

Client-facing communication

Education

Bachelor's degree or equivalent

Tools

Microsoft Excel

Job description

Job Description

U.S. Bank Global Corporate Trust Services is one of the largest providers of corporate trust services in the world. Our clients look to us for trustee, agency, escrow, document custody and money market issuing services via our 48 domestic offices and three international offices. The Collateralized Loan Obligation (CLO) and Global Structured Finance (GSF) groups are divisions within U.S. Bank Global Corporate Trust Services and provide services on structured finance vehicles that issue both debt and equity liabilities, the proceeds of which are used to buy a portfolio of collateral such as syndicated bank loans, corporate bonds, ABS, MBS, CMBS and Mezzanine debt. The CLO Middle Office Deal Administrator Trust Manager leads a trust unit or units within the organization and acts to meet unit and divisional objectives. This leader will develop and maintain unit policies, procedures, and training initiatives, hire and train staff, establish and monitor performance goals, coach employees, and recognize and reward performance results. The role prepares and reviews management and exception reports, serves as an expert resource for complex problem solving, and manages the unit budget by increasing revenue, controlling costs, and reducing expenses.

Basic Qualifications

• Bachelor's degree, or equivalent work experience
• Six or more years of experience in banking operations, sales, compliance/law, accounting, and/or customer service
• Two or more years of management experience

Preferred Skills/Experience

• In-depth experience with CLO cash processing
• Proficiency with Microsoft Excel tools and formulas
• Excellent client-facing communication skills
• Thorough knowledge of the Trust division, its products, processes, and related bank and regulatory regulations
• Ability to effectively manage large trust unit functions in operations, processes, compliance, sales, and relationship management
• Ability to provide leadership and guidance on sales processes and customer calling programs
• Strong management skills to include planning, budgeting, and people management
• Sound analytical and problem-solving skills

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.

Equal Opportunity

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.

Pay Range: $117,630.00 - 143,770.00

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.