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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

We welcome forward-thinkers like you

The Collateralized Debt Obligation Group (CDO) is a division within U.S. Bank Global Corporate Trust Services, the premier CLO trustee in the industry. CDOs 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, asset-backed securities, mortgage-backed securities, and Mezzanine debt. The CDO Loan/Asset Administration is responsible for monitoring and maintaining pools of corporate bonds, asset-backed securities, mortgage-backed securities, and Mezzanine debt that act as collateral for CDO. This position is relied on by the Deal Administration, Analytics, and Relationship Management departments to process interest payments, principal payments, fees, and new payment information in an accurate and timely manner.

The CDO Loan/Asset Administrator researches CDO Suite and bond discrepancies between portfolios using Bloomberg, DTC, and different trustee reports. The team manages bonds globally in CDO Suite and Issue Tracker to ensure accurate information is in the systems. Two primary responsibilities are booking interest/principal payments when the notes pay and monitoring/granting access to external parties to be able to view U.S. Bank’s reports. The team assists the CLO Team and the Tagging Team during high volume periods, like month end. The team offers training and includes hands-on practice. Opportunities for promotions include, but are not limited, to CDO Loan/Asset Administrator I and II, Deal Administrator, Analyst and Relationship Manager.

**Schedule:** Monday - Friday 8am-5pm CST; Mandatory overtime during month end, quarter end, and year end

**Location** : 3+ days in office (flexible, encourage Tuesdays in office) at 190 S La Salle St, Chicago

_Basic Qualifications_

+ Typically an Associate's or Bachelor's degree, or equivalent work experience

+ Typically less than two years of relevant work experience

_Preferred Skills/Experience_

+ Demonstrable ability to research and resolve data discrepancies

+ Ability to perform multiple tasks concurrently and prioritize workload and complete assignments in a timely manner with attention to detail and high degree of accuracy

+ Utilize logical reasoning and sound judgment to make appropriate decisions following established policies and procedures

+ Strong reading comprehension, problem-solving, decision-making, organizational skills, critical thinking, and analytical skills

+ Strong customer relation skills, interpersonal, and verbal and written communication skills

+ Proficient computer skills, including Microsoft Office applications like Excel

+ Once trained, able to work independently with minimal guidance and as part of a team

+ Strong interpersonal skills including tact, diplomacy, and flexibility to work effectively with cross-functional teams across various sites.

+ Experience reconciling and administering bond transactions is a plus, but not required

_This position is not eligible for visa sponsorship._

_Location Expectations_

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 (https://careers.usbank.com/global/en/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 (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

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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

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.