Associate - Financial Institutions (CLOs) - New York
Job Summary
We are seeking an associate with at least 3 years of CLO experience to join our team in our New York office, focusing on the design, structuring, and creation of CLOs and other credit products. This role is ideal for legal professionals with experience in structuring and documenting CLOs from inception, direct lending, private credit, credit insurance and syndicated loans.
Responsibilities
- Structure, draft, and negotiate CLOs, private credit facilities, syndicated loan agreements, and credit insurance arrangements.
- Lead product development for new structured finance offerings, working closely with business and capital markets teams.
- Provide guidance on regulatory considerations affecting structured finance transactions in the U.S. and cross-border contexts.
- Advisory on transaction execution, including documentation, negotiation, and closing processes.
- Partner with investment, risk, and compliance teams to ensure products meet commercial and regulatory objectives.
- Monitor market and legal developments impacting credit products and structured finance structures.
Requirements
- JD or equivalent
- Applicants must be admitted to the New York bar and in good standing
- Excellent drafting, negotiation, and transaction management skills
- Significant structured finance experience from a top-tier law firm
- Demonstrated ability to create and advise on structured products (CLOs, credit facilities, etc.)
- Ability to work independently while collaborating with cross-functional deal teams in high-pressure, fast-paced environments.
Pay
Expected Pay Range for Associates: 2026/2025 Class Compensation Years: $235,000 2024 Class Compensation Years: $245,000 2023 Class Compensation Years: $270,000 2022 Class Compensation Years: $320,000 2021 Class Compensation Years: $385,000 2020 Class Compensation Years: $410,000 2019 Class Compensation Years: $440,000 2018 and more senior class compensation years: $455,000
Firm
McDermott Will & Schulte is a leading global law firm that brings together more than 1,700+ lawyers and 1,450 business professionals. We celebrate excellence, collaboration, and community and have been recognized as a top workplace by USA Today, Fortune, The American Lawyer, Vault and others. We are also certified by Great Place to Work.