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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 PositionCash & Asset Reconciliation responsibility for a portfolio of CDO/CLO transactionsGenerate accurate Daily Cash Reports that reconcile asset payments and receivables on an Actual vs Expected model basisInvestigate and resolve any exceptions / discrepancies arising. Ability to resolve transactional and portfolio related issuesProcess Broadly Syndicated Loan trades from trade ticket to settlement/payment request stageAnalysis and oversight of automated Trade settlement processesDaily Review of available cash balances & Money Market Funds to ensure sufficient liquidity to action trade settlementsReceive 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 marketLiaise directly with Clients/Counterparties/Agent Banks and other departments for Bond/Loan & Cash related queriesSettle Loan and Bond transactions on internal compliance system – CDO SuiteReconcile 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 rolePreferably 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 beneficialLooking for someone with a good level of numeracy and attention to detailExcellent verbal and written communication skills and a client centric approachAbility to work both independently and as a team playerStrong organizational skills and detail-orientedRelationship building across several internal groups & divisionsAbility to manage a heavy and varied workload while demonstrating strong attention to detailIndenture/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.