U.S. Bank National Association
CLO Middle Office Reporting Analyst - Principal
U.S. Bank National Association, Boston, Massachusetts, us, 02298
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 DescriptionThe Collateralized Loan Obligation Group (CLO) is a division within U.S. Bank Global Corporate Trust Services. CLOs 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, asset-backed securities (ABS), mortgage-backed securities (MBS), and Mezzanine debt.
Responsibilities include:
Reads and interprets CLO indentures with regard to reporting requirements
Creates technical report specifications from indenture language
Performs portfolio compliance tests on a selection of structured fixed income deals (trade testing)
Compiles monthly and quarterly investor reports
Interacts with asset managers, investors, auditors, and rating agencies
Interprets the reporting sections of the governing deal documents
Assists with the modeling of calculations onto a variety of in-house systems
Basic Qualifications
Bachelor's degree in business, finance, economics or accounting, or equivalent work experience
Four to six years of relevant work 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
Strong 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
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
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. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.
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.
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Job DescriptionThe Collateralized Loan Obligation Group (CLO) is a division within U.S. Bank Global Corporate Trust Services. CLOs 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, asset-backed securities (ABS), mortgage-backed securities (MBS), and Mezzanine debt.
Responsibilities include:
Reads and interprets CLO indentures with regard to reporting requirements
Creates technical report specifications from indenture language
Performs portfolio compliance tests on a selection of structured fixed income deals (trade testing)
Compiles monthly and quarterly investor reports
Interacts with asset managers, investors, auditors, and rating agencies
Interprets the reporting sections of the governing deal documents
Assists with the modeling of calculations onto a variety of in-house systems
Basic Qualifications
Bachelor's degree in business, finance, economics or accounting, or equivalent work experience
Four to six years of relevant work 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
Strong 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
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
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. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.
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.
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