Corporate Trust Default Team Lead - Collateralized Loan Obligation (CLO)/Global Structured Finance (GSF)

 

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

The position provides strategic leadership and oversight for complex and highly sensitive transactions, ensuring that fiduciary, operational, legal, compliance, and reputational risks are appropriately identified and managed. The Trust Default Risk Director partners closely with business leadership, legal counsel, operations partners, and executive management to drive risk-based decision making and effective client outcomes.

This role is expected to lead, develop, and mentor senior default and restructuring professionals while contributing to the overall strategy and risk management framework of the Default organization.

Location Expectations 
This role requires working from a U.S. Bank location three (3) or more days per week.

Responsibilities:

Risk Leadership

• Provide leadership and oversight for risk-related activities across GSF and CLO default and restructuring portfolios.

• Identify, assess, monitor, and mitigate legal, fiduciary, operational, compliance, financial, and reputational risks impacting complex transactions.

• Lead the escalation, analysis, and resolution of high-impact risk events and sensitive client matters.

• Develop and implement risk management strategies, controls, and governance processes to strengthen operational effectiveness and consistency across portfolios.

• Partner with Legal, Compliance, Enterprise Risk Management, Audit, and senior business leadership on complex and emerging risk issues.

• Evaluate transaction structures, governing agreements, court filings, and restructuring proposals to assess impact on fiduciary obligations and organizational risk.

Default and Restructuring Expertise

• Serve as the organization's senior subject matter expert on distressed transactions, restructurings, insolvencies, bankruptcies, workouts, and enforcement actions.

• Provide strategic guidance to relationship Managers and business leaders managing complex defaulted transactions.

• Lead risk assessments for major restructurings, litigation matters, and distressed portfolio events.

• Participate in creditor negotiations, restructuring discussions, investor communications, and strategic planning sessions as appropriate.

• Drive consistency in the administration of defaulted transactions across business lines.

Leadership and Talent Development

• Lead and develop a team of  senior professionals responsible for default administration and risk oversight activities.

• Establish performance expectations and accountability measures aligned with business objectives.

• Coach, mentor, and develop future leaders and subject matter experts within the organization.

• Foster a culture of accountability, collaboration, operational excellence, and prudent risk management.

• Support succession planning and institutional knowledge transfer within the Default organization.

Strategic Initiatives

• Lead cross-functional projects focused on process improvement, risk reduction, governance enhancement, and organizational effectiveness.

• Analyze portfolio trends and emerging industry developments to identify opportunities for proactive risk mitigation.

• Represent the Default organization in executive committees, governance forums, industry events, and strategic initiatives.

• Provide thought leadership regarding market practices, legal developments, restructuring trends, and fiduciary risk considerations.

Regulatory and Compliance Responsibilities

• Maintain a high level of knowledge regarding applicable corporate trust products, regulations, and industry developments.

• Ensure compliance with all U.S. Bancorp policies, procedures, regulatory requirements, and fiduciary obligations.

• Actively support anti-money laundering, information security, suspicious activity monitoring, and risk governance requirements.

• Promote a strong culture of ethics, compliance, and responsible risk management.

Basic Qualifications

• Bachelor's degree or equivalent combination of education and experience.

• Minimum 8 years of experience in corporate trust, structured finance, loan administration, insolvency, restructuring, workout management, or related financial services disciplines.

• Minimum 3+ years management experience

Preferred Skills/Experience

• Juris Doctor (JD), MBA, CFA, CTP, or similar advanced professional designation.

• Deep knowledge of bankruptcy law, restructuring transactions, distressed debt markets, and creditor rights.

• Significant experience administering and managing defaulted transactions, restructurings, bankruptcy proceedings, and distressed asset portfolios.

• Demonstrated experience leading default managers and professional teams.

• Advanced knowledge of Global Structured Finance, Collateralized Loan Obligations, trustee duties, and fiduciary risk management.

• Strong understanding of legal documentation, indentures, pooling and servicing agreements, and transaction governance frameworks.

• Proven ability to influence and communicate effectively with executive leadership, attorneys, investors, and external stakehol

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: $152,370.00 - 186,230.00

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.