Middle Office Deal Administrator Manager - Collateralized Loan Obligation

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

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) retirement plan

Paid vacation

Paid holidays

Sick leave

Parental leave

Adoption assistance

Job summary

U.S. Bank Global Corporate Trust Services is a leading provider of corporate trust services, serving clients through 48 domestic and three international offices. The CLO and GSF groups handle structured finance vehicles including CLO cash processing and related trust operations.

The role leads a trust unit, develops policies, hires and trains staff, and ensures performance against goals while managing budgets and reporting. A strong background in banking operations and leadership is required.

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.

Responsibilities

• Lead a trust unit or units within the organization and align with divisional objectives.
• Develop and maintain unit policies, procedures, and training initiatives.
• Hire and train staff, set performance goals, coach employees and recognize results.
• Prepare and review management and exception reports; manage unit budget to increase revenue and reduce costs.

Skills

CLO cash processing

Microsoft Excel

Client-facing communication

Trust division knowledge

Leadership & people mgmt

Budgeting & cost control

Analytical problem solving

Education

Bachelor's degree or equivalent work experience

Tools

Microsoft Excel

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

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

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:

• 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: $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.