Collateralized Loan Obligation (CLO), Senior Associate
About The Position
Who we are looking for Under the supervision of the Assistant Vice President, the Structured Trust and Analytics, Senior Associate, is responsible for the day to day activities for a particular set of investment vehicles. Candidates should have some understanding of Structured Finance Transactions, have a strong client focus, be able to do well under pressure and successfully manage multiple assignments at one time Join us if making your mark in the financial services industry from day one is a challenge you are up for. What you will be responsible for Liaise with Collateral Managers to strengthen relationships and generate new business leads Assist in onboarding new deal closings per New Deal Setup Procedures Review analyst workflow Train staff on proper servicing techniques Assist management team with metrics and other administrative items Perform analyst functions as necessary: 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. What we value These skills will help you succeed in this role A strong work ethic and a positive attitude Excellent time management skills and ability to prioritize deadline-driven workflow Ability to work well within a small group and operate independently on short- and long-term goals Detail-oriented and a natural problem solver; have the resolve to independently research problems and offer solutions Excellent intrapersonal & communication skills – via phone and email Passion for improving systems and processes Education & Preferred Qualifications Bachelor’s degree required, preferably in accounting, finance, or economics 2+ years of experience working within an investment firm Managing and manipulating large amounts of data in Excel Creating Excel-based models to measure various tests and parameters outlined in legal documents, preferable related to CLOs/Bank Loans Comprehending and interpreting legal documentation such as Indentures and Offering Memorandums Working with credit instruments (senior secured loans and high yield bonds); and communicating with clients. Systems: Wall Street Office, MS Excel, MS Outlook, Solvas, LoanOps Portal, My State Street, Bloomberg, LS Fax, Collaborate
Requirements
- A strong work ethic and a positive attitude
- Excellent time management skills and ability to prioritize deadline-driven workflow
- Ability to work well within a small group and operate independently on short- and long-term goals
- Detail-oriented and a natural problem solver; have the resolve to independently research problems and offer solutions
- Excellent intrapersonal & communication skills – via phone and email
- Passion for improving systems and processes
- Bachelor’s degree required, preferably in accounting, finance, or economics
- 2+ years of experience working within an investment firm
- Managing and manipulating large amounts of data in Excel
- Creating Excel-based models to measure various tests and parameters outlined in legal documents, preferable related to CLOs/Bank Loans
- Comprehending and interpreting legal documentation such as Indentures and Offering Memorandums
- Working with credit instruments (senior secured loans and high yield bonds); and communicating with clients.
- Systems: Wall Street Office, MS Excel, MS Outlook, Solvas, LoanOps Portal, My State Street, Bloomberg, LS Fax, Collaborate
Responsibilities
- Liaise with Collateral Managers to strengthen relationships and generate new business leads
- Assist in onboarding new deal closings per New Deal Setup Procedures
- Review analyst workflow
- Train staff on proper servicing techniques
- Assist 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
- Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
- For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
