CDO/CLO Analyst

  • Competitive
  • Los Angeles, CA, USA
  • Permanent, Full time
  • TCW
  • 12 Oct 18

This position will be responsible for supporting the ongoing maintenance, operations and reporting for TCW/MetWest CDOs and CLOs. The position requires close interaction with various parties including custodian banks, trustees, administrative agent banks, portfolio managers, traders. This is a highly visible position and requires someone with strong CDO and CLO knowledge, who understands documentation (including indentures and swaps), has working knowledge of CDO/CLO mechanics/Compliance tests.

Overview

This position will be responsible for supporting the ongoing maintenance, operations and reporting for TCW/MetWest CDOs and CLOs. The position requires close interaction with various parties including custodian banks, trustees, administrative agent banks, portfolio managers, traders.  This is a highly visible position and requires someone with strong CDO and CLO knowledge, who understands documentation (including indentures and swaps), has working knowledge of CDO/CLO mechanics/Compliance tests.

Responsibilities

  • Analysis and report preparation in support of ad hoc requests from portfolio managers, traders.
  • Responsible for the calculation of Internal Waterfall, review and approval of Trustee Waterfalls.
  • Responsible for Calculation of coverage and collateral quality tests, portfolio concentration limitations and other tests as specified by the indentures.
  • Interact with the trustee, and swap counterparties on trades, payments, and other issues.
  • Ensure principal and interest received for portfolio assets are properly accounted for.
  • Support the WSO/Markit relationship for CLO servicing (including Compliance, Settlements, Reconciliation and Reporting).
  • Monitor the reconciliation of cash flows and positions on a daily basis, as required, for each specific CDO/CLO managed by TCW/MetWest. Track and reconcile coupon payments for portfolio collateral and waterfall payments for the CDOs and CLOs.
  • Support warehouse servicing for new CLOs.
  • Monitor security specific transactions and measures the impact to the CDOs and CLOs.
  • Cultivate positive relationships with trustee contacts and work proactively to correct data inaccuracies with the trustee.
  • Internally communicate with other members of the Reconciliation, Settlements, & Derivative Operations groups to ensure that trades and cash flows are being accurately recorded in the SMS portfolio management system.
  • Produce consolidated reports required by the portfolio managers, trustees, and underwriter. Update manager on the current reconciliation status, and provide updates on the resolution of open exceptions.
  • Support projects and research for senior managers, partners and portfolio managers.

Minimum Qualifications

  • Bachelor’s degree in Finance, Economics, or similar field.
  • At least 2 years of investment industry experience in a related role, including CDOs and CLOs.
  • Strong understanding of fixed income securities and bank debt.
  • Knowledge of CDO/CLO documentation (including indentures and swaps) is required.
  • Prior experience performing similar duties.
  • Self-motivated individual with excellent communication and interpersonal skills.
  • Strong analytical and computer skills with a demonstrated proficiency in Microsoft Excel
  • Rigorous attention to detail; excellent time management and organizational skills.
  • Strong analytical and problem solving capabilities.
  • Excellent research skills, resourcefulness and ability to work independently as well as in a team environment.
  • Be responsive, possess strong written and verbal communication skills and be comfortable presenting information to investors and others.

Desired Qualifications

  • Familiarity with Bloomberg, Cognos or other Business Intelligence software (Hyperion, Brio, Business Objects) a plus.