Operations Analyst

Squarepoint Capital•Montreal, NY

1d•$100,000

About The Position

Position Overview: Primary focus will be on CLO Operations supporting the full lifecycle of CLO warehouse and issuance transactions. The CLO Operations team is responsible for loan portfolio trade capture, cashflows processing, settlements, reconciliations, life-cycle management, support for Collateralized Loan Obligations (“CLO”) vehicles throughout the warehouse and post-issuance phases. The successful candidate will possess hands-on experience across the full life-cycle of CLO transactions, including warehouse facility management, complex settlement and transfer processes, waterfall processing and operational controls around note issuance, and standardized investor reporting. You will be key in supporting new CLO launches, ongoing portfolio management, and operational process improvement initiatives. You will be a critical hire that is responsible for designing a controlled and scalable process. Warehouse Setup & Maintenance Coordinate setup of new warehouse facilities and related accounts (SPV accounts, custodians, agents, warehouse lenders). Oversee onboarding of loans into the warehouse: trade capture, settlement instructions, eligibility checks, and static data setup. Monitor warehouse borrowing base, advance rates, margin/collateral requirements, and key covenants in coordination with the front office and risk. Loan Trade Capture & Settlements Capture and maintain all primary and secondary leveraged loan trades for CLO warehouses and issued CLOs in the position-keeping system. Liaise with agent banks, custodians, and internal teams to ensure timely and accurate trade settlements, paydowns, amendments, and restructurings. Process all lifecycle events (fundings, repricings, partial prepayments, PIK, rollovers, default events) and ensure positions and par balances are updated correctly. CLO Issuance / Closing Support Coordinate operational aspects of CLO pricing and closing, including: Preparation and reconciliation of closing funds flows (take-out of warehouse facility, note proceeds, fees, expenses). Asset transfer or confirmation (if different warehouse SPV vs CLO SPV). Setup of CLO SPV, tranches, accounts, and reference data in internal systems. Work closely with the arranger, trustee, collateral administrator, external counsel, and internal legal/treasury to ensure an efficient, controlled closing. Post-Issuance Cashflow & Reconciliations Monitor and reconcile: Loan interest and principal cashflows. CLO interest and principal payments. Trustee/custodian account balances. Support the trustee/collateral administrator in validating payment date waterfalls, test results, and principal/interest allocations. Lifecycle Events & Corporate Actions Process and track events such as: CLO refinancings, resets, and optional redemptions. Loan amendments, covenant restructurings, and distressed exchanges. Rating migrations where relevant for CLO tests. Ensure internal records and downstream reporting reflect changes accurately and on time. New Deal / New Product Support Support new CLO launches, resets, and warehouses from an operational perspective: Assist with designing and testing new workflows. Onboarding of new managers/SPVs, trustees, accounts, and systems. Partner with technology and front office on system enhancements and integration with third-party providers (trustees, admins, loan platforms). Process Improvement & Automation Identify opportunities to streamline and automate manual processes (e.g., trade bookings, reconciliations, reporting). Participate in or lead projects focused on: STP (straight-through processing) of loan trades and cashflows. Improving data quality and controls. Enhancing reporting for front office, risk, and finance.

Requirements

5-10 years’ structured credit operations experience, with proven track record in the structured credit space focused on CLO issuance, warehousing, trade/process management
Deep understanding of syndicated loan settlement, warehouse facility mechanics, CLO trust/collateral administration, and the priority of payments waterfall
Demonstrate familiarity with cash and position reconciliations, loan closing
Experience supporting both the pre-deal (warehouse/ramp) and post-issuance phases of CLO transactions
Proficiency in advance Excel modeling and reporting
Strong communication and organizational skills; comfortable collaborating with traders, managers, administrators, and external parties
Demonstrated vendor, process, and project management skills in an operations environment
Forward-thinking approach to workflow design and operational controls
Familiarity with regulatory, documentation, and KYC requirements for structured credit vehicles
Attention to detail and ability to manage competing priorities in a fast-paced market-driven environment

Nice To Haves

Power BI/VBA/Python a plus for process automation
Exposure to trustee/collateral admin platforms and standard industry platforms

Responsibilities

Coordinate setup of new warehouse facilities and related accounts (SPV accounts, custodians, agents, warehouse lenders)
Oversee onboarding of loans into the warehouse: trade capture, settlement instructions, eligibility checks, and static data setup
Monitor warehouse borrowing base, advance rates, margin/collateral requirements, and key covenants in coordination with the front office and risk
Capture and maintain all primary and secondary leveraged loan trades for CLO warehouses and issued CLOs in the position-keeping system
Liaise with agent banks, custodians, and internal teams to ensure timely and accurate trade settlements, paydowns, amendments, and restructurings
Process all lifecycle events (fundings, repricings, partial prepayments, PIK, rollovers, default events) and ensure positions and par balances are updated correctly
Coordinate operational aspects of CLO pricing and closing
Preparation and reconciliation of closing funds flows (take-out of warehouse facility, note proceeds, fees, expenses)
Asset transfer or confirmation (if different warehouse SPV vs CLO SPV)
Setup of CLO SPV, tranches, accounts, and reference data in internal systems
Work closely with the arranger, trustee, collateral administrator, external counsel, and internal legal/treasury to ensure an efficient, controlled closing
Monitor and reconcile: Loan interest and principal cashflows, CLO interest and principal payments, Trustee/custodian account balances
Support the trustee/collateral administrator in validating payment date waterfalls, test results, and principal/interest allocations
Process and track events such as: CLO refinancings, resets, and optional redemptions, Loan amendments, covenant restructurings, and distressed exchanges, Rating migrations where relevant for CLO tests
Ensure internal records and downstream reporting reflect changes accurately and on time
Support new CLO launches, resets, and warehouses from an operational perspective
Assist with designing and testing new workflows
Onboarding of new managers/SPVs, trustees, accounts, and systems
Partner with technology and front office on system enhancements and integration with third-party providers (trustees, admins, loan platforms)
Identify opportunities to streamline and automate manual processes (e.g., trade bookings, reconciliations, reporting)
Participate in or lead projects focused on: STP (straight-through processing) of loan trades and cashflows, Improving data quality and controls, Enhancing reporting for front office, risk, and finance

Benefits

This role may be eligible for discretionary bonuses, which could constitute a significant portion of total compensation
This role may also be eligible for benefits, such as health, dental, and other wellness plans, as well as 401(k) contributions

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