Corporate Trust Default Relationship Manager - Multiple Locations Listed in Posting (Hybrid)

US Bank Loop, IL
corporate corporate trust default manager corporate corporate trust financial legal accounts management default compliance security
March 17, 2023
US Bank
Loop, IL

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 Global Corporate Trust is a leading provider of corporate trust services in the United States and Europe, serving private and public companies, government and tax-exempt entities, and financial services companies. We operate a network of 50 domestic offices. The Global Corporate Trust Default, Dispute and Review Group works closely with counsel to manage a portfolio of defaulted corporate trust accounts, liquidating/litigation trusts, disbursement accounts and other settlement accounts and arrangements.

Key responsibilities may include:

  • Manage potential exposure collaborating with legal and other professionals as appropriate.

  • Apply established corporate trust tenets to default and workout scenarios

  • Achieve and maintain excellent compliance and audit results

  • Successfully retain and generate new business from existing customer relationships

  • Provide exceptional service to customers regarding account information, questions, problems, education or other requests.

  • Develop and deepen customer relationships to ensure customer satisfaction, retention and identification of repeat and new business opportunities

  • Solicit new business from current relationships with market influencers, working closely with new business development staff

  • Assist with writing fee proposals based on standard pricing or for unique, non-routine responsibilities

  • Contribute appropriately to the business line's annual revenue plan

  • Work on special projects incidental to the position

Basic Qualifications:

  • Bachelor's degree, JD a plus

  • Eight or more years of experience with corporate trust documentation

Preferred Skills/Experience:

  • Considerable knowledge of account management, trust operations, compliance and legal regulations

  • Excellent project management and problem-solving skills

  • Excellent interpersonal, verbal and written communications skills

  • Corporate Trust relationship management experience is a plus

  • A legal background in bankruptcy and financial restructuring is a plus

PERTAINING TO THOSE WHO ARE HIRED TO PERFORM CAYMAN ISLANDS MONETARY AUTHORITY (CIMA) REGULATED ACTIVITIES. The candidate may be required to disclose/provide the following during the recruitment process (where not precluded by U.S. Bank recruitment or hiring policies): Membership to professional bodies (if applicable and required for the role), References, and Any criminal history, regulatory censure, sanctions, legal proceedings and any other formal censure, discipline or public criticism at the stage of recruitment.

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.

Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.


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 EEO poster.


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.

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