Director, CLO Capital Markets & Structuring
About The Position
The Director, US CLO Capital Markets & Structuring supports the CLO Portfolio Manager and serves as the internal lead for CLO structuring, cash flow analytics, and transaction execution. This role is responsible for designing, modeling, documenting, and executing CLO structures across new issuance and post‑issuance transactions, ensuring efficient execution and alignment with portfolio objectives, rating agency requirements, and operational capabilities. Structuring & Cash Flow Analytics Develop and maintain CLO cash flow models to evaluate tranche sizing, credit enhancement, reinvestment mechanics, and weighted average life profiles. Analyze performance scenarios (defaults, recoveries, prepayments, spread changes) to support structuring decisions aligned with equity return targets and rating agency requirements. Evaluate structural features such as non‑call periods, OC/IC triggers, and reinvestment flexibility, providing recommendations based on market conditions and portfolio characteristics. Process Management & Deal Execution Lead the CLO structuring process from warehouse through pricing and closing. Coordinate execution timelines and deliverables across arranging banks, legal counsel, rating agencies, trustees, and internal teams. Monitor market conditions, investor demand, pricing trends, and comparable transactions to support new issue execution. Participate in investor engagement and ensure alignment across portfolio management, operations, legal, compliance, and risk teams. Documentation & Structural Oversight Review and negotiate key structural provisions in transaction documentation in partnership with external counsel. Ensure consistency across legal documentation, cash flow models, and marketing materials to maintain structural accuracy and transparency. Post‑Issuance Optimization Monitor compliance tests, collateral metrics, and structural cushions post‑issuance. Identify and analyze refinancing, repricing, and reset opportunities to improve capital structure efficiency and investor outcomes. Governance & Controls Establish and maintain structuring processes, governance standards, and documentation controls across the CLO platform. Partner with risk management and compliance to ensure adherence to regulatory requirements and internal policies. Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $580 billion in assets and over 60 years of experience. Principal Asset Management has been recognized as a “Best Places to Work in Money Management” for 14 consecutive years! Check us out at www.principalam.com!
Requirements
- Bachelor’s degree
- 8+ years of experience in CLO capital markets and/or structuring
- Demonstrated experience modeling CLO cash flows and executing CLO transactions
Nice To Haves
- Advanced degree or CFA designation preferred
- Bloomberg, Power BI, Intex
- Strong analytical, organizational, and cross-functional coordination skills
- Strong project management and process optimization skills
Responsibilities
- Develop and maintain CLO cash flow models to evaluate tranche sizing, credit enhancement, reinvestment mechanics, and weighted average life profiles.
- Analyze performance scenarios (defaults, recoveries, prepayments, spread changes) to support structuring decisions aligned with equity return targets and rating agency requirements.
- Evaluate structural features such as non‑call periods, OC/IC triggers, and reinvestment flexibility, providing recommendations based on market conditions and portfolio characteristics.
- Lead the CLO structuring process from warehouse through pricing and closing.
- Coordinate execution timelines and deliverables across arranging banks, legal counsel, rating agencies, trustees, and internal teams.
- Monitor market conditions, investor demand, pricing trends, and comparable transactions to support new issue execution.
- Participate in investor engagement and ensure alignment across portfolio management, operations, legal, compliance, and risk teams.
- Review and negotiate key structural provisions in transaction documentation in partnership with external counsel.
- Ensure consistency across legal documentation, cash flow models, and marketing materials to maintain structural accuracy and transparency.
- Monitor compliance tests, collateral metrics, and structural cushions post‑issuance.
- Identify and analyze refinancing, repricing, and reset opportunities to improve capital structure efficiency and investor outcomes.
- Establish and maintain structuring processes, governance standards, and documentation controls across the CLO platform.
- Partner with risk management and compliance to ensure adherence to regulatory requirements and internal policies.
Benefits
- Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.
- Annual profit share bonus plan
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What This Job Offers
Job Type
Full-time
Career Level
Director
