CLO Investment Operations Associate

Johnson & Associates Rec Specialists
55000.00 GBP Annual
11 Sep 2017
09 Oct 2017
Contract Type
An exciting opportunity has arisen for a CLO Investment Operations Associate ( bank loans ) to join a very succesful London based Investment Management company in their Fixed Income Operations bank loan team.

Main Responsibilities of the CLO Investment Operations Associate:

Bank Loan Trading and Settlement

- Support all European bank loan settlement activities which include review and completion of LMA documentation for Primary and Secondary trades as well as updating Cleapar.
- Review of legal due diligence to ensure correct representations are used on Transfer Certificates.
- Manage all KYC requirements relating to their respective trades.
- Ensure appropriate tax documentation has been provided to Agent Banks.
- Update WSO/Aladdin system upon settlement of trades.
- Daily liaison with agent banks, traders, compliance, legal counsel to address and resolve problems with underlying assets, closing requirements and subsequent ad hoc queries to ensure timely settlement.
- Building relationships with counterparts to encourage prompt settlement of trades.
- Coordinating Waivers and Amendments with Credit Research Team and Agent Banks.

CLO Support

- Responsible for running hypothetical/trade tests for new asset purchases for our CLO's.
- Validating tests results and ensuring they are consistent with those provided by the Trustee.
- Tracking accruals during CLO Warehouse period to ensure correct funds are paid out at through the waterfall at close.
- Tracking of Private & Public Ratings.
- Payment of invoices allocating pro-rata shares across related portfolios.

Experience Required of the Investment Operations Associate:

- Solid understanding of the bank loan settlements process and experience of LMA documentation.
- At least 2-4 years' bank loans and/or CLO experience.
- Preferably educated to degree level
- Strong Excel skills will be required as well as Microsoft office
- Knowledge of other Fixed Income products will also be advantageous.

The successful candidate will have strong organisational skills and the ability to prioritise work, to ensure transaction deadlines are achieved. You will be pro-active and able to multi-task as well as having strong communication skills.

The ability to develop and cultivate relationships across all staff levels, both within the London office and US offices.