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U.S. Bank Fixed Income ABS Associate Director in New York, New York

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

Our Business

The Asset Backed Securitization Group (“ABSG”) originates loans and structures/underwrites term ABS issuance secured by financial assets originated and serviced by captive finance companies, banks and other specialty finance companies.

Overview

Vice Presidents are primary deal support members for senior ABSG bankers. Individual will support the entire deal underwriting and execution process: pitching, structuring, rating agency engagement, investor marketing, pricing, document execution, closing and ongoing monitoring. Primary responsibilities include:

  • Create, draft and maintain term ABS bond market and comparable issuer analysis and presentation materials used in issuer client meetings, updates and proposals

  • ABS issuer portfolio data analysis

  • Perform credit, sector and relative value analysis

  • Monitor ABS asset class performance

  • New asset class research

  • Prepare financial models that assess the economic impact of potential ABS debt transactions and determine the qualitative merits/drawbacks

  • Assist in the preparation for and execution of term ABS bond offerings, including completion of internal procedures, legal documentation review, marketing materials review

  • Work alongside internal deal team members, including Credit Risk Management, Portfolio Management, Sales & Trading, and Legal professionals

  • Work with external deal team members during deal execution

Qualifications

Required Skills

  • BS/BA required, concentration in Finance or Accounting preferred.

  • Mastery of Excel, PowerPoint, INTEX and Bloomberg

  • High level of personal motivation, strong interpersonal skills and a broad intellectual capacity

  • Demonstrated capability for analysis and strategic thinking

  • Teamwork skills and the ability to communicate ideas and recommendations effectively

  • Comfortable functioning both independently and as part of a team, meeting stringent deadlines and work quality standards

  • Deep understanding of ABS market, deal structures, corporate financial statements and SEC filings

Desired Skills

  • Previous experience supporting asset backed banking teams and with the ABS markets

  • 3+ years’ work experience

  • Series 79 and 63 licenses

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

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 (https://careers.usbank.com/global/en/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 (some may vary based on role, location or hours):

  • 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

EEO is the Law

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. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.

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

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: $144,160.00 - $169,600.00 - $186,560.00

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.

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