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CDO Loan/Asset Administrator

U.S. Bancorp

U.S. Bancorp

St Paul, MN, USA
Posted on Friday, November 17, 2023

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

Department: Wealth, Corporate, Commercial and Institutional Banking (WCIB) Operations - Corporate Trust - Loan Administration

Primary responsibility for this role is to manage the daily Collateralized Debt Obligation (CDO) Suite and Issue Tracker reports. Sets up new portfolios, assets and cash mapping input to CDO Suite. Processes Agent Bank notices into CDO Suite. Research CDO Suite discrepancies between portfolios with the same bond using Bloomberg, DTC, and Trustee report data. Manages daily CDO Suite and Issue Tracker reports globally to ensure accurate information. Ensures client responses on corporate actions are entered into Etran in a timely and accurate manner. Clears past dues and unapplied balances. Contacts Trustees and Agent Banks daily to ensure all missing payments or reports are received.

This role is hybrid located in Saint Paul, MN. Team members who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days.

Responsibilities

  • Receive notifications from agent banks

  • Create principle payments

  • Collaborate with internal and external partners via email or teams

  • Cross train with team to assist and back up when needed

Qualifications/Skills

  • Associate degree in business administration, or equivalent work experience

  • Less than two years of relevant work experience

  • Basic knowledge of SEI and CDO Suite, and applicable policies, procedures and regulatory requirements

  • Ability to perform multiple tasks concurrently and meet established deadlines in a dynamic work environment

  • Strong analytical, problem-solving, decision-making, and organizational skills

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

  • Must be able to work in a team environment

  • Proficient computer skills, including Microsoft Office applications

#WCIBO

#USBOps

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.

Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.

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

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.

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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $22.74 - $30.34 - $33.37