CLO Debt

2 days ago


New York, New York, United States Octagon Credit Investors Full time
Job Summary

Octagon Credit Investors is seeking a highly skilled CLO Debt & Equity Trading Assistant to support the CLO Debt & Equity team in all aspects of the investment trading and monitoring process. The ideal candidate will have up to 2 years of trading assistant or CLO operations experience and a strong knowledge of the Primary and Secondary CLO and/or Loan trading market.

Key Responsibilities
  • Assist the CLO Debt & Equity Team in maintenance of trade management systems and trade booking
  • Support 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
Requirements
  • 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
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

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