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 Loan Obligation (CLO) 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 Loan Obligation Group (CLO) 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 CLO 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. Responsibilities include:
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
Strong training & support – You’ll receive structured training with hands‑on learning
Clear career progression – Advancement opportunities include CDO Loan/Asset Administrator I & II, Deal Administrator, Analyst, and Relationship Manager
Exposure to structured finance – Build in‑demand skills in a highly specialized area
Collaborative team environment – Work cross‑functionally with experienced professionals
Stability with growth – Join a well‑established organization that invests in your development
Schedule: Monday–Friday, 8:00am–5:00pm CST
Mandatory overtime during month‑end, quarter‑end, and year‑end
Location: Hybrid – 3+ days in office (flexible; Tuesdays encouraged) 190 S LaSalle St, Chicago, IL
Basic Qualifications
Typically an Associate's or Bachelor's degree, or equivalent work experience
Typically less than two years of relevant work experience
Preferred Skills/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
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
This position is not eligible for visa sponsorship.
Location Expectations
This role requires working from a U.S. Bank location three (3) or more days per week.
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: $25.77 - $34.33U.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.