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 (NYSE:USB) Global Corporate Trust and Custody is a premier provider of corporate trust services and the leading collateralized loan obligation (CLO) trustee in the United State and Europe with a 50%+ market share. We are seeking a motivated, energetic person to join our expanding Analytics team to support our CDO/CLO trustee business.  Collateralized debt obligations (CDO) and CLOs are forms of securitization where debt and equity investments are issued to investors with the proceeds of the issuance being used to purchase a pool of collateral assets. Typical types of collateral include syndicated bank loans, middle market bank loans, commercial mortgage backed securities (CMBS) and residential mortgage backed securities (RMBS). U.S. Bank offers competitive compensation and benefits including bonus incentives and 401(k) company match for eligible employees.  We also offer many personal development opportunities through U.S. Bank’s MentorConnect, Development Network programs and diverse Employee Resource groups as well as paid time off for volunteer opportunities that support our communities.

U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank one of the 2021 World’s Most Ethical Companies.

Key Responsibilities:

Perform data analysis on large asset portfolios including data reconciliation and calculation of portfolio compliance tests such as overcollateralization ratios, weighted average spread, weighted average life and other portfolio quality and concentration ratios

Ensure compliance of CDO transactions by accurately comprehending and interpreting complex legal documents

Model portfolio compliance tests and reporting requirements as defined by CDO governing documents onto a variety of in-house systems

Compile monthly and quarterly investor reports, analyze hypothetical trade results and work closely with portfolio managers on comparing key portfolio information and statistics

Calculate and coordinate payment date auditing process with accountants, prepare priority of payment calculations (waterfalls) and distribution amounts to CDO noteholders

Interact with CDO portfolio managers, investors, rating agencies, investment banks, auditors and other industry participants

Basic Qualifications

Bachelor's degree in business, accounting, finance, economics or equivalent experience

Three to Five years of reporting experience in finance or related industries

Preferred Skills/Experience

Demonstrate strong analytical skills and attention to detail

Must be able to take initiative and ownership of responsibilities and act with sense of urgency to deliver relentless and remarkable client service

Excellent interpersonal, verbal and written communication skills

Advanced knowledge of Microsoft Excel and other Office products

Ability to learn and understand complex concepts, respond quickly to critical business needs, prioritize and manage multiple tasks while meeting demanding deadlines and thrive in a fast paced environment with minimal supervision

Experience working with or knowledge of fixed income securities, asset-backed securities, CDO/CLOs and syndicated bank loans is preferred

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 (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

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: $75,820.00 - $89,200.00

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.