Associate, Trading

Crescent Capital Group • Los Angeles, CA

30d • $70,000 - $85,000

About The Position

Crescent Capital Group LP is an alternative asset manager with approximately $46 billion of assets under management and approximately 225+ employees. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London. 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.

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

• Crescent offers a comprehensive benefits package to assist with our employees’ needs and life choices, including maternity/parental leave, fertility benefits, and benefits coverage for domestic partners.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 101-250 employees