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 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. The Collateralized Debt Obligation (CDO) and Global Structured Finance (GSF) groups are divisions within U.S. Bank Global Corporate Trust Services and provide services on structured finance vehicles that issue both debt and equity liabilities, the proceeds of which are used to buy a portfolio of collateral such as syndicated bank loans, corporate bonds, ABS, MBS, CMBS and Mezzanine debt. These services include Trust Reporting, which requires review of the deal documents, set up of cashflow priorities, collection of periodic asset activity data, reporting to bondholders, and when required, trust tax reporting.
Essential Functions
- Read and interpret trust indentures with regard to reporting requirements.
- Create technical report specifications from indenture language.
- Set up payment calculations in a variety of in-house systems.
- Receive, map and reconcile periodic collateral data.
- As required, make tax elections, file for EIN’s, and track residual holder transfers.
- As required, perform portfolio compliance tests on a selection of structured fixed income deals (trade testing).
- Compile monthly, quarterly and annual payment and/or tax reports.
- Coordinate with operations teams to ensure correct payments are received and made.
- Perform quality control review of reports, meeting timeliness and accuracy standards.
- Frequent interaction with asset managers, investors, auditors and rating agencies.
Basic Qualifications
- Bachelor’s degree in business, finance, economics, accounting or related field, or equivalent work experience.
- This role has multiple levels, open to candidates with a minimum of 2 years of relevant work experience. The successful candidate will be hired for the level of the position that aligns with their experience.
Preferred Skills/Experience
- Thorough understanding of syndicated bank loans, fixed income securities, securitization, trading or mutual funds.
- Ability to identify and resolve exceptions and to interpret data.
- Effective interpersonal, verbal and written communication skills.
- Ability to perform multiple tasks and meet established deadlines in a dynamic working environment with minimal supervision.
- Proficient computer navigation skills using a variety of software packages including Microsoft Office applications.
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.
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.
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.
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.
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