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.
We actively uphold transparent and fair hiring practices that support individual opportunity, inclusive culture, and career mobility across all levels of our organisation.
We offer meaningful opportunities for growth, a culture of inclusion, and a strong commitment to transparency and integrity in everything we do.
Job Description
Global CLO Trade Administrator
Position responsibilities
The Collateralized Loan Obligation (CLO) Group is a division within Global Corporate Trust (GCT) division. CLOs are structured finance vehicles that issue both loan and equity liabilities, with the proceeds being used to buy a portfolio of collateral. Typical types of collateral include syndicated bank loans, corporate bonds & equity.
We are establishing a centralized Global Trades Administration Team to enhance the efficiency, accuracy, and timeliness of trade processing across our CLO platform. This team will serve as a Center of Excellence, assuming full ownership of the end-to-end pending trade lifecycle, driving improvements in Straight Through Processing (STP) rates and reconciliation accuracy.
Context / Environment for this role
Key working relationships
The role holder will be responsible for cultivating strong working relationships across the CLO Group, collaborating within a specialist team dedicated to pending trade operations. Success in this role requires a commitment to teamwork, meticulous attention to detail, and the ability to consistently meet tight deadlines. The ideal candidate will demonstrate deep technical expertise and the capacity to manage a demanding and diverse workload, ensuring the highest standards of accuracy and efficiency in trade processing
Key Responsibilities:
Trade Processing & Oversight
* Review and process pending trades received via STP, user driven trade loaders and manual trade inputs.
* Investigate and resolve STP failures, liaising with internal stakeholders and clients as needed.
* Manage trade intake templates and ensure accurate trade data ingestion into CDO Suite
Client & Stakeholder Engagement
* Provide feedback to clients on trade output formatting and data quality issues.
* Collaborate with CLO Deal Admin, Analytics, and Client Management teams to streamline trade workflows.
* Support client onboarding and transitions to STP processes.
Reconciliation & Reporting
* Monitor and reconcile pending trades using end user computing (EUC) tools and applications.
* Maintain accurate records of trade statuses and contribute to daily cash file accuracy.
* Prepare and distribute reports on STP failures, failed trades, and break resolution metrics.
Process Improvement & Governance
* Participate in UAT testing for system enhancements related to pending trades.
* Contribute to the development of SOPs, SLAs, and internal controls.
* Support audit and compliance reviews by maintaining robust documentation and audit trails.
Required Skills & Experience:
* 1-3 years of experience in trade operations, loan administration, or financial services.
* Familiarity with CLO structures, bank loans, and bond trade processing.
* Experience with portfolio administration platforms such as CDO Suite.
* Strong analytical and problem-solving skills, particularly in exception management.
* Excellent communication skills and stakeholder management experience.
* Proficiency in Excel and exposure to workflow tools or dashboards is advantageous.
Location expectations
This role requires working from a U.S. Bank location three (3) or more days per week.
Accessibility
We are committed to providing an inclusive and accessible recruitment experience. If you need adjustments at any stage of the application or hiring process, please contact your recruiter for guidance and support.
Total Rewards
U.S. Bank is committed to fair, equitable, and transparent compensation practices in line with local regulatory and legal requirements. Our total rewards approach is designed to attract, retain, and support top talent while ensuring equal pay for work of equal value.
We offer a market-competitive compensation package that includes:
* Clearly defined salary ranges aligned with industry benchmarks and internal equity standards.
* Performance-based incentives for eligible employees (as defined by relevant plan rules), awarded through transparent, objective criteria that recognize both individual and company performance.
* Inclusive equitable benefits that are accessible to all employees and focused around our 3 main pillars of financial wellbeing, health & wellness).
* Continuous development opportunities including training, education support, and career progression pathways based on inclusive and transparent criteria.
* Employee recognition programs that celebrate achievements and milestones for all.
We regularly review our compensation and benefits to ensure they remain competitive, inclusive, and responsive to employee needs and market trends. Further details of the compensation package will be provided upon application.
We encourage candidates to explore the full value of our offer, including monetary and non-monetary benefits, at Employee benefits and development | U.S. Bank | Elavon.
Closing Date
Posting may be closed earlier due to high volume of applicants.
We aim to provide timely updates throughout the process and encourage early applications to ensure consideration.