Associate, Trading

Crescent Capital BDC, Inc.•Los Angeles, CA

30d•$70,000 - $85,000

About The Position

The Associate will be responsible for performing various trade and closing related tasks for high yield bonds and syndicated bank loan trades while working with the trading desk and counterparties throughout the trade life cycle. Essential Functions: Primary Responsibilities include, but are not limited to: Complete daily position, trade, and cash reconciliations. Present data to trading desks and work closely with portfolio administration, back-office groups, trustees/custodians, agent banks, and trade counterparties Manage, communicate and present corporate actions and amendments to relevant parties while managing a log sheet with past actions Responsible for T+0 trade tie outs and confirm process for HY Bonds Responsible for T+1 trade tie outs and confirm process in ClearPar. This includes fund sub allocations, management of affiliate letters, and review of trade confirms, and transfer documents Escalate trade-related issues appropriately and in a timely manner to traders Responsible for data management in Everest and other downstream systems, which may include facility and trade capture for private portfolios Maintain new account checklists, KYC process and fund on boarding with trading counterparties Complete liquidity checklists Complete or assist in the completion of monthly, quarterly, ad-hoc reports for institutional clients Work on ad-hoc projects/presentations as determined by senior investment professionals Understanding industry initiatives including implementation (i.e. documentation, industry standards, etc.) Suggest and develop new processes to mitigate risk and increase controls

Requirements

Bachelor degree in finance, accounting, economics or similar concentration is required
0-3 years of experience in a trading assistant/loan closer role
Proficiency and accuracy in use of Microsoft Excel, Word, Outlook and Bloomberg
Ability to create formulas and use other features in Excel (e.g., pivot tables) to analyze and interpret data
Work experience in the middle office with trade settlement
Responsive, friendly, professional and proactive communication approach
High level of initiative and self-motivation; results-oriented
Deadline-driven and highly organized with exceptional attention to detail
Ability to quickly learn new concepts and multi-task in a fast-paced, dynamic team environment

Nice To Haves

Knowledge of syndicated bank loans, High Yield Bonds and CLOs a plus
Exposure to ClearPar or other bank loan closing systems, various agency sites and Bloomberg

Responsibilities

Complete daily position, trade, and cash reconciliations.
Present data to trading desks and work closely with portfolio administration, back-office groups, trustees/custodians, agent banks, and trade counterparties
Manage, communicate and present corporate actions and amendments to relevant parties while managing a log sheet with past actions
Responsible for T+0 trade tie outs and confirm process for HY Bonds
Responsible for T+1 trade tie outs and confirm process in ClearPar. This includes fund sub allocations, management of affiliate letters, and review of trade confirms, and transfer documents
Escalate trade-related issues appropriately and in a timely manner to traders
Responsible for data management in Everest and other downstream systems, which may include facility and trade capture for private portfolios
Maintain new account checklists, KYC process and fund on boarding with trading counterparties
Complete liquidity checklists
Complete or assist in the completion of monthly, quarterly, ad-hoc reports for institutional clients
Work on ad-hoc projects/presentations as determined by senior investment professionals
Understanding industry initiatives including implementation (i.e. documentation, industry standards, etc.)
Suggest and develop new processes to mitigate risk and increase controls

Benefits

The US base salary range for this full-time position is $70,000-$85,000
Crescent's salary ranges are determined by role, duration of direct experience, and internal and external pay equity considerations

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