Collateralized Loan Obligation Loan/Asset Administrator - Operations

U.S. Bank • Chicago, IL

3d • $26 - $34 • Hybrid

About The Position

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. U.S. Bank is hiring a Collateralized Debt Obligation (CDO) Loan/Asset Administrator to support our Wealth Operations line of business. This is an excellent opportunity to break into structured finance, gain hands‑on experience with complex financial instruments, and build a long‑term career with a trusted industry leader. The Collateralized Debt Obligation Group (CDO) is part of U.S. Bank Global Corporate Trust Services, the premier CLO trustee in the industry. Our team supports sophisticated structured finance vehicles that issue both debt and equity and are backed by diverse portfolios of assets—including syndicated loans, corporate bonds, asset‑backed securities, mortgage‑backed securities, and mezzanine debt. As a CDO Loan/Asset Administrator, you’ll play a critical role in ensuring the accuracy and integrity of these portfolios. Your work directly supports Deal Administration, Analytics, and Relationship Management teams and helps ensure payments, reporting, and investor information are processed accurately and on time. In this role, you’ll gain exposure to end‑to‑end asset administration while developing strong analytical and operational skills.

Requirements

• Typically an Associate's or Bachelor's degree, or equivalent work experience
• Typically less than two years of relevant work experience
• Ability to research, analyze, and resolve data discrepancies
• Strong attention to detail with the ability to manage multiple priorities
• Sound judgment and logical decision‑making skills
• Strong written and verbal communication skills
• Proficiency with Microsoft Office, especially Excel
• Ability to work independently once trained and collaborate effectively within a team

Nice To Haves

• Experience with bond reconciliation or administration is a plus—but not required
• FDIC Clearance not mandatory but preferred for career growth working with government deals

Responsibilities

• Researching and resolving bond and system discrepancies using tools such as Bloomberg, DTC, and trustee reports
• Managing bond data globally in CDO Suite and Issue Tracker to ensure accuracy across systems
• Booking interest and principal payments when notes pay
• Managing and granting report access to external stakeholders
• Supporting partner teams during high‑volume periods such as month‑end
• Participating in hands‑on training designed to help you build confidence and independence

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree
• Number of Employees: 5,001-10,000 employees