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U.S. Bank Reporting Analyst-CDO (Collateralized Debt Obligation) – Multiple Locations in Chicago, Illinois

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. 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.

Job Description

U.S. Bank Global Corporate Trust Services is one of the largest providers of corporate trust services in the world. Our clients look to us for trustee, agency, escrow, document custody, and money market issuing services via our 48 domestic offices and three international offices. The Collateralized Debt Obligation (CDO) and Global Structured Finance (GSF) groups are divisions within U.S. Bank Global Corporate Trust Services and provide services on structured finance vehicles that issue both debt and equity liabilities, the proceeds of which are used to buy a portfolio of collateral such as syndicated bank loans, corporate bonds, ABS, MBS, CMBS, and Mezzanine debt. These services include trust reporting, which requires review of the deal documents, set up of cashflow priorities, collection of periodic asset activity data, reporting to bondholders, and when required, trust tax reporting.

U.S. Bank is currently seeking a Reporting Analyst for the CDO team. Essential functions include:

• Reads and interprets trust indentures with regards to reporting requirements;

• Creates technical report specifications from indenture language;

• Sets up payment calculations in a variety of in-house systems;

• Receives, maps, and reconciles periodic collateral data;

• As required, makes tax elections, files for EINs, and tracks residual holder transfers;

• As required, performs portfolio compliance tests on a selection of structured fixed income deals (trade testing);

• Compiles monthly, quarterly, and annual payment and/or tax reports;

• Coordinates with operations teams to ensure correct payments are received and made;

• Performs quality control review of reports, meeting timeliness, and accuracy standards; and

• Frequently interacts with asset managers, investors, auditors, and rating agencies.

Basic Qualifications

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

  • Three to five years of relevant work experience

Preferred Skills/Experience

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

  • Ability to identify and resolve exceptions and to interpret data

  • Effective 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


Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.

Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers (https://www.usbank.com/careers/index.html) .

EEO is the Law

Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) poster.


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 (https://www.usbank.com/careers/verification-of-eligibility-for-employment.html) .

Our 74,000 employees work across departments to help our millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world turn their dreams into reality. Our employees are empowered to create change and drive our future, and we pride ourselves on diligently and ethically upholding U.S. Bank’s best-in-class financial record and legacy of more than 150 years in banking. Most importantly, we put people first, cultivating and treasuring meaningful relationships with the customers we serve, the colleagues we support and the communities where we live and work.