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
CLO Deal Administrator
The CLO division sits within US Bank’s Global Corporate Trust (GCT) division. CLO’s 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 & equity.
The CLO Deal Administrator role is a key role within our Corporate Trust Business and offers a good level of individual responsibility and accountability, whilst being part of a dynamic and successful business line with opportunity for future growth and development.
Responsibilities of this role include: oversight and execution of bond/bank loan trade settlements, analysis of Money Market Fund investment requirements, booking cash inflows/outflows to the portfolio, tracking asset attributes such as accrual information, providing cash & asset reporting to the clients on a daily basis, and assisting the Analysts with reporting to the CLO investors. The Deal Administrator ensures 100% accuracy and timeliness of data through the booking and reconciliation of account activity.
Context / Environment for this role
The role holder will be required to build and maintain effective relationships across the Bank and its parent, as well as with external parties, clients, and stakeholders.
The role holder will be part of a specialist team and will be expected to exhibit teamwork, attention to detail, ability to work to tight deadlines, detailed technical knowledge with the ability to manage a heavy and varied workload.
Principal accountabilities of Position
- Cash & Asset Reconciliation responsibility for a portfolio of CDO/CLO transactions
- Generate accurate Daily Cash Reports that reconcile asset payments and receivables on an Actual vs Expected model basis
- Investigate and resolve any exceptions / discrepancies arising. Ability to resolve transactional and portfolio related issues
- Process Broadly Syndicated Loan trades from trade ticket to settlement/payment request stage
- Analysis and oversight of automated Trade settlement processes
- Daily Review of available cash balances & Money Market Funds to ensure sufficient liquidity to action trade settlements
- Receive Bond/Securities tickets and Loan Trade Documents from Clients, review for accuracy, complete relevant documentation and liaise with internal Operations Team’s to ensure they settle within agreed time scales in the market
- Liaise directly with Clients/Counterparties/Agent Banks and other departments for Bond/Loan & Cash related queries
- Settle Loan and Bond transactions on internal compliance system – CDO Suite
- Reconcile Cash & Asset Balances with our clients to support CDO Analytics in the production of Monthly CDO Investor Report
Experience
- Preferably 2-4 years experience within Financial Services with experience of cash recs / settlements / client engagement or in a relatable Operations Analyst role
- Preferably with knowledge of fixed income, debt, loans or derivatives and a passion to enter the CLO market or some previous CLO experience or theoretical knowledge of CLO's be hugely beneficial
- Looking for someone with a good level of numeracy and attention to detail
- Excellent verbal and written communication skills and a client centric approach
- Ability to work both independently and as a team player
- Strong organizational skills and detail-oriented
- Relationship building across several internal groups & divisions
- Ability to manage a heavy and varied workload while demonstrating strong attention to detail
- Indenture/Credit Agreement interpretation abilities and analytical skills are preferrable
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.
