CLO Middle Office Project Analyst

U.S. BankChicago, Illinois

$75,905 - $89,300 / year

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Overview

Schedule

Full-time

Career level

Senior-level

Remote

Hybrid remote

Compensation

$75,905-$89,300/year

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Job Description

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 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.Essential functions include: Read and interpret trust indentures with regard to reporting requirements. Create technical report specifications from indenture language. Set up payment calculations in a variety of in-house systems. Receive, map and reconcile periodic collateral data. As required, make tax elections, file for EIN’s, and track residual holder transfers. As required, perform portfolio compliance tests on a selection of structured fixed income deals (trade testing). Compile monthly, quarterly and annual payment and/or tax reports. Coordinates with operations teams to ensure correct payments are received and made. Perform quality control review of reports, meeting timeliness and accuracy standards. Frequent interaction with asset managers, investors, auditors and rating agencies.

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.    

Key Responsibilities

Design, develop, and maintain business‑line tools used by CLO Middle Office reporting analysts to support daily, monthly, and investor reporting processes
Build automation and data processing solutions using VBA, Python, and SQL to improve efficiency, reduce manual effort, and minimize operational risk
Partner with Middle Office analysts to understand reporting workflows, data sources, and pain points, and translate them into technical solutions
Debug, enhance, and refactor existing VBA, SQL, and Python code used in production reporting tools
Develop SQL queries and data extracts to support reconciliations, compliance reporting, and analytics
Create well‑documented, user‑friendly tools that can be maintained and supported by the broader team
Assist with testing, validation, and quality control of newly developed or enhanced tools
Support ongoing process improvement initiatives across CLO Middle Office operations
Serve as a technical point of contact for troubleshooting issues related to internally developed tools

Required Qualifications

Strong hands‑on experience with VBA, SQL, and at least one modern scripting language such as Python
Demonstrated ability to build tools from scratch, not just maintain existing solutions
Proven experience debugging and resolving complex technical issues across VBA, SQL, and Python
Strong analytical and problem‑solving skills with attention to detail
Ability to work independently, manage multiple priorities, and deliver solutions in a fast‑paced environment
Strong communication skills, with the ability to explain technical concepts to non‑technical users

Preferred Qualifications

Experience in financial services, asset management, or capital markets
Familiarity with CLOs, structured finance, or loan products
Experience supporting reporting, reconciliations, or middle‑office operations
Exposure to databases and reporting platforms commonly used in financial environments
Experience improving or replacing Excel‑based EUCs with more scalable solutions

What Success Looks Like in This Role

Middle Office analysts rely on your tools to perform reporting and reconciliations more efficiently and with fewer errors
Manual processes are automated or simplified through well‑designed technical solutions
Existing tools are more stable, easier to maintain, and better documented
Technical issues are identified, debugged, and resolved quickly with minimal disruption to daily reporting

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: $75,905.00 - $89,300.00

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.

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FAQs About CLO Middle Office Project Analyst Jobs at U.S. Bank

What is the work location for this position at U.S. Bank?

This job at U.S. Bank is located in Chicago, Illinois, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at U.S. Bank?

Candidates can expect a pay range of $75,905 and $89,300 per year.

What employment applies to this position at U.S. Bank?

U.S. Bank lists this role as a Full-time position.

What experience level is required for this role at U.S. Bank?

U.S. Bank is looking for a candidate with "Senior-level" experience level.

What is the process to apply for this position at U.S. Bank?

You can apply for this role at U.S. Bank either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.