CLO Deal Administrator / Operations Analyst
Apply locations London, United Kingdom
Time Type Full time
Posted on Posted 4 Days Ago
Job Requisition ID 2024-0027137
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.
Job Description The CLO division sits within US Bank’s Global Corporate Trust (GCT) division. CLOs are structured finance vehicles that issue both debt and equity liabilities, with the proceeds being used to buy a portfolio of collateral.
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
Assisting the Analysts with reporting to the CLO investors
Ensuring 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 Position
Cash & Asset Reconciliation responsibility for a portfolio of CDO/CLO transactions
Generate accurate Daily Cash Reports that reconcile asset payments and receivables on an Actual vs Expected model basis
Investigate and resolve any exceptions / discrepancies arising
Ability to resolve transactional and portfolio related issues
Process Broadly Syndicated Loan trades from trade ticket to settlement/payment request stage
Analysis and oversight of automated Trade settlement processes
Daily Review of available cash balances & Money Market Funds to ensure sufficient liquidity to action trade settlements
Receive 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 market
Liaise directly with Clients/Counterparties/Agent Banks and other departments for Bond/Loan & Cash related queries
Settle Loan and Bond transactions on internal compliance system – CDO Suite
Reconcile 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 role
Preferably 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 beneficial
Looking for someone with a good level of numeracy and attention to detail
Excellent verbal and written communication skills and a client centric approach
Ability to work both independently and as a team player
Strong organizational skills and detail-oriented
Relationship building across several internal groups & divisions
Ability to manage a heavy and varied workload while demonstrating strong attention to detail
Indenture/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.
#J-18808-Ljbffr
Apply locations London, United Kingdom
Time Type Full time
Posted on Posted 4 Days Ago
Job Requisition ID 2024-0027137
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.
Job Description The CLO division sits within US Bank’s Global Corporate Trust (GCT) division. CLOs are structured finance vehicles that issue both debt and equity liabilities, with the proceeds being used to buy a portfolio of collateral.
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
Assisting the Analysts with reporting to the CLO investors
Ensuring 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 Position
Cash & Asset Reconciliation responsibility for a portfolio of CDO/CLO transactions
Generate accurate Daily Cash Reports that reconcile asset payments and receivables on an Actual vs Expected model basis
Investigate and resolve any exceptions / discrepancies arising
Ability to resolve transactional and portfolio related issues
Process Broadly Syndicated Loan trades from trade ticket to settlement/payment request stage
Analysis and oversight of automated Trade settlement processes
Daily Review of available cash balances & Money Market Funds to ensure sufficient liquidity to action trade settlements
Receive 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 market
Liaise directly with Clients/Counterparties/Agent Banks and other departments for Bond/Loan & Cash related queries
Settle Loan and Bond transactions on internal compliance system – CDO Suite
Reconcile 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 role
Preferably 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 beneficial
Looking for someone with a good level of numeracy and attention to detail
Excellent verbal and written communication skills and a client centric approach
Ability to work both independently and as a team player
Strong organizational skills and detail-oriented
Relationship building across several internal groups & divisions
Ability to manage a heavy and varied workload while demonstrating strong attention to detail
Indenture/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.
#J-18808-Ljbffr
