CLO Fund Oversight - Analyst/Associate

BlackRock • London, CA

2d • Hybrid

About The Position

CLO Fund Oversight – Analyst/Associate role Sitting within the CLO Portfolio Management team, the successful candidate will provide operational oversight for the BlackRock managed European CLO platform (‘BECLO’). This is a highly visible role with the candidate working closely with portfolio managers and multiple internal and external parties so the ability to communicate effectively and succinctly is a must. The candidate will ideally have between 2-3 years' experience within CLO/Securitised products, will have a keen eye for detail, a tenacious can-do attitude, who can multitask, prioritise and problem solve across a broad set of responsibilities.

Requirements

• Degree or equivalent qualification desired
• Previous experience of CLO portfolio administration with knowledge of the mechanics of a CLO an advantage (gained either at a Corporate Trust or a Collateral Manager)
• Knowledge of Loan/Bond administration
• Fund onboarding experience
• Experience reviewing Fund Prospectus and Deeds preferred
• Excellent excel skills (Array formulas & VBA an advantage). SQL query writing an advantage
• Ability to communicate effectively and concisely to all levels of the business and Investors

Responsibilities

• Coordinating daily fund cash management and initiating retention vehicle and warehouse capital calls, working closely with portfolio managers and Loan settlements teams
• Coordinate the daily oversight and production of assets, position, cash and attribute reconciliations.
• Managing internal operations and external administrators.
• Assist in further optimizing and automating existing processes where possible.
• Manage distribution and record keeping for retention vehicle board and investment committee approvals
• Shadow and sign off CLO Trustee Monthly/Quarterly Investor & ESMA Regulatory reports
• Translate CLO Prospectuses to create and maintain in-house bespoke compliance Models and oversee the daily/weekly delivery of CLO KPI & compliance metrics (Coverage ratios, PPT’s CQT’s, MVOCS)
• Assist PMs in running hypothetical (What-if) trading analysis, set up CLO cusips, raise trade orders and support/resolve related ad hoc request
• Working closely with and act as the liaison between the Portfolio Managers and the various internal and external business partners (Operations, Legal & Compliance, Product strategy, RQA, Audit and Trustees)
• Assist in Warehouse and CLO closings, the onboarding of new funds. Review of deal documentation, compliance rule coding and flow of funds tie outs with arranging banks and Trustees.
• Manage the appointment and ongoing relationships with key service providers (Trustee, Issuer and Fund Accountants)
• Provide portfolio analytics including warehouse return projections, historical return, portfolio composition KPI’s, and assist in providing relative value reports
• Attend and eventually contribute to Investor/RQA’s due diligence meetings, industry conferences, and weekly Risk meetings

Benefits

• retirement investment and tools designed to help you in building a sound financial future
• access to education reimbursement
• comprehensive resources to support your physical health and emotional well-being
• family support programs
• Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees