CLO Asset Reconciliation Analyst
U.S. Bank
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, enabling the communities we support to grow and succeed in the right ways, all more confidently and more often—that’s what we call the courage to thrive. 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. Try new things, learn new skills and discover what you excel at—all from Day One.
As a wholly owned subsidiary of U.S. Bank, Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goals—no matter what they need. From transaction processing to customer service, to driving innovation and launching new products, we’re building a range of tailored payment solutions powered by the latest technology. As part of our team, you can explore what motivates and energizes your career goals: partnering with our customers, our communities, and each other.
Job Description
US Bank's European Corporate Trust business is currently hiring into the CLO Global Reconciliation/Hypothetic Trades Team within the wider CLO Analytics team. This team will be responsible for updating and maintaining data integrity for a range of asset data points across assets held in CLO portfolios as well as calculating various portfolio statistics, ratios and thresholds for use in hypothetical trading scenarios.
If you are looking for an interesting entry point into the CLO world, this could be a good opportunity for you!
Key Tasks:
- Updating Asset data characteristics, evidencing changes where required
- Running reconciliations between USBank and Client asset data sets
- Identifying and investigating exceptions
- Working with CLO Analysts to resolve exceptions
- Liaising with wider CLO Team to ensure Compliance Models are accurately calculating various ratios and thresholds
- Running Hypothetic Trading scenarios for Collateral Managers to ensure compliance with Offering Circular
- Running various client data reports
- Onboarding clients into the centralized reconciliation/hypo team
Key Requirements:
- 2 Years+ experience within a financial institution preferably with direct experience of securities/assets and their reconciliation.
- Experience in asset reconciliations.
- Intermediate level Excel.
- Basic knowledge of Collateral Loan Obligations would be beneficial, or a theoretical understanding and the passion to want to join the CLO Industry.
- Knowledge of Financial instruments, Loans, Bonds and their typical datapoints would be helpful.
- Attention to detail and problem-solving mentality.
- Client engagement skills / client centricity.
- Ability to work in a fast-paced environment and to meet multiple deadlines.
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:
We offer an exciting, fast-paced and diverse working environment with employees of many different nationalities. We provide benefits to help you protect your health and financial security; and give you peace of mind. We also invest in your career growth with development resources that give you the opportunity to stretch and shine.