Collateralized Loan Obligation (CLO), Senior Associate
About The Position
Under the supervision of the Assistant Vice President, the Structured Trust and Analytics Senior Associate is responsible for day-to-day activities for a particular set of investment vehicles. The role supports structured finance transactions and requires a strong client focus, the ability to work under pressure, and the ability to manage multiple assignments simultaneously. The Senior Associate liaises with collateral managers and clients, supports new deal closings and analyst workflows, trains staff, assists management with metrics and administrative work, and performs analyst servicing activities as needed.
Requirements
- Bachelor’s degree required, preferably in accounting, finance, or economics.
- At least 2 years of experience working within an investment firm.
- Ability to manage and manipulate large amounts of data in Excel.
- Strong work ethic and positive attitude.
- Excellent time management and ability to prioritize deadline-driven workflow.
- Ability to work well within a small group and independently on short- and long-term goals.
- Detail-oriented, with problem-solving skills and the resolve to research problems independently and offer solutions.
- Excellent interpersonal and communication skills by phone and email.
- Passion for improving systems and processes.
Nice To Haves
- Experience creating Excel-based models to measure tests and parameters outlined in legal documents, preferably related to CLOs or bank loans.
- Ability to comprehend and interpret legal documentation such as Indentures and Offering Memorandums.
- Experience working with credit instruments, including senior secured loans and high yield bonds, and communicating with clients.
- Familiarity with Wall Street Office, MS Excel, MS Outlook, Solvas, LoanOps Portal, My State Street, Bloomberg, LS Fax, and Collaborate.
Responsibilities
- Liaise with Collateral Managers to strengthen relationships and generate new business leads.
- Assist in onboarding new deal closings according to New Deal Setup Procedures.
- Review analyst workflow.
- Train staff on proper servicing techniques.
- Assist the management team with metrics and other administrative items.
- Run hypothetical trades per client instruction.
- Execute Excel/Solvas models to calculate CLO Concentration, Coverage, and Collateral Quality Tests.
- Prepare quarterly waterfall disbursements.
- Advance relationships with clients, investors, and internal groups within State Street.
- Participate in special projects as assigned.
Benefits
- Retirement savings plan (401K) with company match.
- Medical, dental, vision, basic life, and long-term disability insurance, plus optional additional coverages.
- Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
- Employee Assistance Program.
- Eligibility for annual performance-based incentive awards, with certain sales-role exceptions.
- Eligibility for certain tax-advantaged savings plans.
- Flexible Work Programs and work-life support.
- Development programs and educational support.
- Paid volunteer days and matching gift programs.
- Employee networks.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
