Trust Reporting Analyst - Collateralized Loan Obligation

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 worldwide. Through 48 domestic offices and three international offices, we deliver trustee, agency, escrow, document custody, and money market issuing services to a diverse global client base.

The Collateralized Loan Obligation (CLO) and Global Structured Finance (GSF) groups are specialized divisions within Global Corporate Trust Services. These teams support structured finance vehicles that issue debt and equity securities backed by portfolios of syndicated bank loans, corporate bonds, ABS, MBS, CMBS, and mezzanine debt.

The CLO Trust Reporting Analyst supports these vehicles by performing trust reporting, collateral data reconciliation, compliance testing, and investor reporting. This role requires strong analytical skills, attention to detail, and the ability to manage multiple complex transactions simultaneously in a fast-paced environment. No two days are the same, and the role offers significant exposure to CLO and CDO products.

Essential Functions

• Read, interpret, and apply trust indentures and related legal documents to determine reporting and compliance requirements

• Translate indenture language into technical report specifications and cash flow logic

• Set up and maintain payment calculations and reporting structures within proprietary systems

• Receive, map, reconcile, and validate periodic collateral and asset activity data

• Perform portfolio compliance and trade testing on structured fixed income deals, as required

• Compile and deliver monthly, quarterly, and annual investor, payment, and/or tax reports

• Make tax elections, apply for EINs, and track residual holder transfers when required

• Coordinate closely with internal operations teams to ensure accurate and timely receipt and distribution of cash flows

• Perform quality control reviews to ensure reports meet established accuracy and timeliness standards

• Interact regularly with asset managers, clients, investors, auditors, rating agencies, and internal middle-office and cash administration teams

• Liaise with third-party administrators and internal U.S. Bank administration teams managing cash accounts

• Provide timely data and reporting deliverables to clients and external auditors

Daily Responsibilities

• Run daily, monthly, and quarterly reports

• Reconcile data across multiple sources and resolve exceptions

• Send reporting outputs and data packages to clients

• Manage approximately 10 active deals simultaneously

• Communicate via phone, email, and in-person with internal teams, clients, and external auditors

Basic Qualifications

• Bachelor’s degree in business, finance, economics, accounting or related field, or equivalent work experience

• Less than two years of relevant work experience

Preferred Skills/Experience

• Basic understanding of syndicated bank loans, fixed income securities, securitization structures, trading, or mutual funds

• Strong analytical skills with the ability to interpret data and identify discrepancies or exceptions

• Effective interpersonal, verbal, and written communication skills

• Ability to work independently while managing multiple priorities and deadlines in a dynamic environment

• Strong organizational and time-management skills

• Proficiency with Microsoft Office applications, including Outlook, Teams, and Excel

• Intermediate Excel skills, including pivot tables and XLOOKUP for reconciliation and analysis

• Familiarity with CDO or structured finance systems is helpful but not required

Location Expectations

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days. Office location is in Chicago, IL.

This position is not eligible for visa sponsorship, and does not support STEM OPT.

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:

• 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

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

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. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $68,850.00 - $81,000.00

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. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

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.

Posting may be closed earlier due to high volume of applicants.