CLO Debt

1 month ago

new york city, United States Octagon Credit Investors Full time

Employer Summary:


Octagon Credit Investors, LLC is a 25+ year old, $34+B investment adviser focused on leveraged loan, high yield bond, and structured credit (CLO Debt & Equity) investments. Through fundamental credit analysis and active portfolio management, Octagon's investment team identifies attractive relative value opportunities across below-investment grade asset classes, sectors, and issuers. Octagon’s investment philosophy and methodology encourage and rely upon dynamic internal communication to manage portfolio risk. Over its history, the firm has applied a disciplined, repeatable, and scalable approach in its effort to generate attractive risk-adjusted returns for its investors.


The firm was founded in 1994 as a separate business unit of Chemical Bank and in 1999, Octagon spun out from Chase Manhattan Bank. Octagon honors its heritage through its company name and logo, both of which are derived from Chase Manhattan's emblem. Located in New York, the firm currently comprises approximately 90 employees, many of whom have spent their entire professional careers at Octagon.


Octagon believes that providing a challenging and rewarding career, combined with a supportive work environment, incents employees to remain at the firm. Significant employee ownership and low employee turnover also underscore our culture of partnership, teamwork, and dedication to preserving investor capital across all our funds/accounts under management. We also embrace the principles of diversity, equity, and inclusion; our employees can bring the best version of themselves to work every day. We thrive in an environment where everyone’s voice is heard, every idea counts, and the differences of our employees are valued.


Position Summary:


The CLO Debt & Equity Trading Assistant is mainly responsible for supporting the CLO Debt & Equity team in all aspects of the investment trading and monitoring process as well as providing additional support to the broader trading team. We are looking for a professional with up to 2 years of trading assistant or CLO operations experience. The CLO Debt & Equity Trading Assistant will report to a Principal on the CLO Debt & Equity team.


Essential Duties and Responsibilities:


  • Assist the CLO Debt & Equity Team, CLO Trader, and Loan Traders in maintenance of trade management systems and trade booking
  • Assist CLO Debt & Equity team members with approval tracking, month end price testing, and compliance testing in coordination with the Compliance department
  • Book daily trades, primarily CLO Debt & Equity, with additional responsibilities supporting Loans/Bonds/ETFs/Options
  • Create and maintain Indication of Interest spreadsheets for CLO tranche trades
  • Reconcile trade recaps for accuracy against internal trade bookings
  • Set up New Assets in internal system (Everest)
  • Monitor and notify internal stakeholders of third-party CLO redemptions/calls
  • Daily cash reporting, work closely with Technology and Accounting Teams on cash projections for CLO Debt & Equity accounts
  • Maintain CLO Debt & Equity internal trade blotters
  • Assist Portfolio Managers/Traders/CLO Debt & Equity team on ad-hoc requests
  • Assist Credit Administration and Accounting Teams on trade issue remediation and reconciliation


Areas of Knowledge, Skills, and Abilities/Qualifications:


  • Bachelor’s degree with 1-2 years of relevant experience in CLOs, syndicated loans, loan products or trading operations
  • Strong knowledge of the Primary and Secondary CLO and/or Loan trading market
  • Excellent organizational skills
  • Excellent analytical skills with exemplary attention to detail
  • Outstanding reputation of professional integrity and maturity
  • Highly motivated, proactive team player with a positive attitude
  • Ability to multi‐task, be proactive, work independently, and work effectively under pressure (often under deadlines and changing priorities)
  • Excellent written and oral communication skills
  • Comfortable interacting and building relationships with all teams (including senior management) across the firm and affiliated organizations
  • Ability to clearly articulate views and supporting data


Compensation and Benefits:


  • Competitive salary and eligibility for year-end performance-based bonus
  • Medical, dental, vision, life, and disability insurance
  • Commuter benefits
  • 401(k) matching program
  • Employee Assistance Program (“EAP”)
  • Professional designation and licensure assistance
  • Family support and leaves of absence


Contact:


Contact: careers@octagoncredit.com

Attention: Howard Barkin, Recruitment Manager


Octagon Credit Investors is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including gender, gender identity, sexual orientation, or pregnancy), marital status, national origin, disability, age, or veteran status.


Please note that Octagon does not sponsor work visas or immigration-related employment benefits. We encourage all individual applications; please, no recruiters or agencies.

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