CLO Analyst

Western Asset•Pasadena, PA

10d•$140,000 - $155,000•Hybrid

About The Position

Western Asset Management focuses on supporting our clients’ financial goals and creating positive outcomes for all kinds of people. Primarily a globally integrated fixed-income manager, we source ideas and investment solutions worldwide, with an emphasis on long-term fundamental value investing, using multiple diversified strategies. We are seeking a CLO Desk Analyst to support the Portfolio Managers across Bank Loans, CLO Management, and third-party CLO tranche investments. The analyst will support and contribute to trade execution, portfolio analytics, credit monitoring, and reporting across the full spectrum of leveraged loan and CLO activities. This is a critical role required at a pivotal moment for the business, which will alleviate senior members to focus their time on investment performance, sourcing trade opportunities, and building AUM in strategic areas poised for growth. This role is highly technical, requiring a working knowledge of loans and CLOs. Work schedule is 4 days in office at our Pasadena location.

Requirements

A minimum of 5 years of experience in the asset management space with 2–3+ years of that experience in leveraged loans, CLOs, structured credit, or related investment/analytics roles
Strong analytical capabilities with advanced Excel proficiency; familiarity with CLO modeling tools
Ability to work in a fast-paced trading environment with excellent attention to detail.
Strong written and verbal communication skills
Self-motivated with the ability to manage multiple priorities simultaneously
Experience with Bloomberg, loan settlement platforms, and credit data systems (Markit, LCD, Intex, WSO)
Understanding of CLO documentation, indentures, and trustee reporting

Nice To Haves

Familiarity with the programming architecture required to develop automated data analysis (Python, SQL, VBA) a plus but not required

Responsibilities

Assist PMs with trade preparation, allocation, and compliance verification for loan and CLO tranche transactions
Maintain accurate daily records of exposures, liquidity, cash balances, pipeline, and portfolio risk.
Track primary and secondary market activity, price color, flows, and technicals across loans and CLO tranches
Support scenario analysis for portfolio repositioning, risk budgeting, and relative-value opportunities
Gather, update, and analyze borrower-level financials, covenant packages, rating changes, and event-driven news
Support CLO collateral modeling including WARF, WAS, WAL, CCC buckets, documentation tests, and par metrics
Maintain deal- and issuer-level data sets used for credit selection and ongoing monitoring.
Contribute to investment memos, credit reviews, and internal portfolio discussions
Run cash flow models, structural analyses, and stress tests for CLO tranches
Track manager behavior, deal performance trends, reinvestment activity, and structural features across deals
Maintain updated tranche and deal dashboards to support PM decision-making
Produce daily and weekly reporting packages: performance, exposures, risk metrics, liquidity, pipeline, and attribution
Reconcile data across systems, pricing feeds, trustee reports, and internal risk systems.
Maintain accuracy of models, databases, and dashboards used for investment and portfolio oversight
Audit and reconcile monthly reports with trustee, shadow trustee and internal systems to ensure accurate calculations across tests in CLO reports
Liaise with operations, risk, compliance, and technology teams on trade settlement, corporate actions, and lifecycle events
Ensure timely and accurate updating of pricing, reference data, and model inputs
Assist in audit requests and regulatory inquiries as needed