GCM Unit Manager IV - Private Debt & CLO

M&T Bank•Boston, MA

About The Position

As part of the Loan Market Solutions Division, the CLO & Loan Administration team provides trustee & custodian services to sophisticated loan asset managers. Wilmington is responsible for tracking and maintaining all daily activity including the collection of payments and investor waterfall distributions. Additionally, the team monitors and reports on various portfolio compliance requirements related to the underlying portfolio asset attributes. Join our dynamic experienced team focused on enhancing overall client experience through technology and continuous process improvement. Candidates who are interested in a fast-paced environment with career advancement opportunities should apply. Primary Responsibilities: Continuous reassessment and evaluation of processes is engrained in the team’s DNA. We take a collaborative approach to identifying, assessing, developing, and implementing solutions across the platform. Additionally, we anticipate special projects and initiatives to be a regular occurrence for team members to participate in. You’ll gain experience by: Responsible for acting as single point of contact for key client relationships Collaborate with operations and analytics teams to meet client objectives and deliverables Collaborate with Business Development/Sales to secure new client mandates Ability to interpret CLO indentures, credit agreements and various other structured finance documentation Responsible for managing client onboarding including account opening process, KYC procedures and documentation review Ability to calculate and verify compliance testing and waterfall calculations Perform and interpret hypothetical trade testing Perform monthly and quarterly reconciliations for required reporting including CLOs, SMAs and Borrowing Base Facilities Liaise with auditors, underwriters, CLO managers, investors, private debt managers and various other parties involved Exposure across entire lifecycle of servicing loan clients including account setup, KYC procedures, global asset setup & maintenance, notice processing, warehouse reporting, CLO / Compliance Reporting & waterfall payments Understanding and adhering to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management. Promoting an environment that supports diversity and reflects the M&T Bank brand. Maintaining M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable. Completing other related duties as assigned. HOW YOU CAN GROW YOUR CAREER: Our team employs extensive cross-training in order to provide employees with a comprehensive view of all aspects of servicing our clients. This position will provide the opportunity to learn various roles, processes & procedures to meet client expectations. Defining and building individualized career pathing for our staff including leadership, project related, client relationship, operations and analytics roles.

Requirements

Combined minimum of 10 years higher education and/or work experience
Advanced Microsoft Office Skills
Strong analytical and problem-solving skills
Excellent written and verbal communication skills for both an internal and external audience
Ability to thrive in an entrepreneurial, fast-paced growth environment
Ability to work independently and collaboratively across the organization

Nice To Haves

Bachelor’s degree focused on Finance, Business, Economics or Accounting and a minimum of 10+ years’ relevant work experience with direct client contact
Exceptional organizational skills with an attention to detail
Excellent interpersonal and analytical skills with a strong balance of qualitative and quantitative skills
Demonstrated ability to work as part of a team, as well as contribute on an individual basis
Familiarity with various loan products – Bi-Lateral ABL Facilities, SMAs, Private Funds, MM & BSL CLOs, Business Development Companies
Professional work experience at CLO Trustee, Loan Agent/Bank, Middle Office Provider or CLO Manager
System / Application experience - Clearpar, Solvas/CDO Suite, SEI, Wall Street Office, LoanIQ

Responsibilities

Responsible for acting as single point of contact for key client relationships
Collaborate with operations and analytics teams to meet client objectives and deliverables
Collaborate with Business Development/Sales to secure new client mandates
Ability to interpret CLO indentures, credit agreements and various other structured finance documentation
Responsible for managing client onboarding including account opening process, KYC procedures and documentation review
Ability to calculate and verify compliance testing and waterfall calculations
Perform and interpret hypothetical trade testing
Perform monthly and quarterly reconciliations for required reporting including CLOs, SMAs and Borrowing Base Facilities
Liaise with auditors, underwriters, CLO managers, investors, private debt managers and various other parties involved
Exposure across entire lifecycle of servicing loan clients including account setup, KYC procedures, global asset setup & maintenance, notice processing, warehouse reporting, CLO / Compliance Reporting & waterfall payments
Understanding and adhering to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite.
Identify risk-related issues needing escalation to management.
Maintaining M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Completing other related duties as assigned.