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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.
nJob Description
nU.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.
nThe 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 options.
nThe CLO Deal Administrator helps keep CLO portfolios running smoothly by handling the day‑to‑day operational work behind the scenes. This role supports daily and monthly reporting, tracks cash and par positions, settles trades, funds bank loans, and reconciles accounts to ensure all portfolio activity is accurate and complete. The administrator works with established processes, communicates regularly with internal teams and external clients via email and phone, and helps respond to routine client inquiries. It’s a fast‑paced, detail‑focused role that provides hands‑on exposure to CLO structures while building a strong foundation in financial operations through training and on‑the‑job learning.
nKey Responsibilities
nnnServe as the primary operational contact for assigned CLO clients
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nnPerform frontline administration for CLO portfolios, ensuring accuracy and timeliness
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nnReconcile cash, positions, and portfolio activity across accounts
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nnApply and process wires (sending and receiving)
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nnSettle bank loan and bond trades and manage trade lifecycle activity
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nnRead and interpret deal notices and indenture-related documentation
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nnBook cash inflows and outflows and invest excess cash as directed
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nnTrack asset attributes including accruals, ratings, and industry classifications
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nnProduce and distribute daily, monthly, and quarterly client and investor reports
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nnCommunicate regularly with clients, portfolio managers, middle office teams, agents, and law firms
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nnManage high volumes of information and email in a fast‑paced environment
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nnIdentify, investigate, and resolve exceptions through analysis and problem‑solving
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nnSupport analysts with reporting and investor deliverables
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n nBasic Qualifications
nnnBachelor's degree in finance or related field, or equivalent work experience
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nnTypically less than two years of relevant work experience
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n nPreferred Qualifications
nnnStrong organizational skills with exceptional attention to detail
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nnBasic understanding of indenture documentation and analytical skills
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nnAbility to manage multiple priorities, deadlines, and clients simultaneously
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nnEffective written and verbal communication skills
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nnAbility to interpret data and resolve discrepancies
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nnHigh stress tolerance and resilience in a deadline‑driven environment
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nnProficiency in Microsoft Excel
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nnStrong computer navigation skills across Microsoft Office applications
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n nLocation Expectations
nThe role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days. Office location is in Chicago, IL.
nThis position is not eligible for visa sponsorship, and does not support STEM OPT.
nIf 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 ( .
nBenefits:
nOur 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:
nnnHealthcare (medical, dental, vision)
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nnBasic term and optional term life insurance
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nnShort-term and long-term disability
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nnPregnancy disability and parental leave
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nn401(k) and employer-funded retirement plan
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nnPaid vacation (from two to five weeks depending on salary grade and tenure)
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nnUp to 11 paid holiday opportunities
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nnAdoption assistance
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nnSick 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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n nReview our full benefits available by employment status here ( .
nU.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.
nE-Verify
nU.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 ( .
nThe 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
nU.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.
nApplicants 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.
nPosting may be closed earlier due to high volume of applicants.
Worksite address
chicago, IL, 60290, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.