Collateralized Loan Obligation (CLO), Senior Associate

Under the supervision of the Assistant Vice President, Structured Trust and Analytics, this role is responsible for the day-to-day activities for a particular set of investment vehicles.

Responsibilities

• Liaise with Collateral Managers to strengthen relationships and generate new business leads
• Assist in onboarding new deal closings per New Deal Setup Procedures
• Review analyst workflow
• Train staff on proper servicing techniques
• Assist management team with metrics and other administrative items
• Perform analyst functions as necessary:
  • Run hypothetical trades per client instruction
  • Execute Excel/Solvas models to calculate CLO Concentration, Coverage, and Collateral Quality Tests
  • Prepare quarterly waterfall disbursements
• Advance relationships with clients, investors and internal groups within State Street
• Participate in special projects as assigned

Skills

• A strong work ethic and a positive attitude
• Excellent time management skills and ability to prioritize deadline-driven workflow
• Ability to work well within a small group and operate independently on short- and long-term goals
• Detail-oriented and a natural problem solver; have the resolve to independently research problems and offer solutions
• Excellent intrapersonal & communication skills – via phone and email
• Passion for improving systems and processes

Qualifications

• Bachelor’s degree required, preferably in accounting, finance, or economics
• 2+ years of experience working within an investment firm
• Managing and manipulating large amounts of data in Excel
• Creating Excel-based models to measure various tests and parameters outlined in legal documents, preferably related to CLOs/Bank Loans
• Comprehending and interpreting legal documentation such as Indentures and Offering Memorandums
• Working with credit instruments (senior secured loans and high yield bonds) and communicating with clients

Systems: Wall Street Office, MS Excel, MS Outlook, Solvas, LoanOps Portal, My State Street, Bloomberg, LS Fax, Collaborate

About State Street

State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients.

We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. Our wealth of development programs and educational support will help you reach your full potential.

We truly believe our employees’ diverse backgrounds, experiences, and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients.

Pay

Salary Range: $52,000 - $94,120 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location, the applicable range could differ.

Benefits

• Retirement savings plan (401K) with company match
• Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
• Paid-time off including vacation, sick leave, short-term disability, and family care responsibilities
• Employee Assistance Program
• Incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
• Eligibility for certain tax-advantaged savings plans
• Paid volunteer days
• Matching gift programs
• Access to employee networks