CLO Compliance Sr. Associate/Specialist CLO Compliance Sr. Associate/Specialist …

PIMCO
in Austin, TX, United States
Permanent, Full time
Last application, 21 Sep 21
Competitive
PIMCO
in Austin, TX, United States
Permanent, Full time
Last application, 21 Sep 21
Competitive
CLO Compliance Sr. Associate/Specialist
About Us:

We are PIMCO, a leading global asset management firm. We manage investments and develop solutions across the full spectrum of asset classes, strategies and vehicles: fixed income, equities, commodities, asset allocation, ETFs, hedge funds and private equity. PIMCO is one of the largest investment managers, actively managing more than $1.91 trillion in assets for clients around the world. PIMCO has over 2,800 employees in 17 offices globally. PIMCO is recognized as an innovator, industry thought leader and trusted advisor to our clients.

PIMCO is one of the world's premier fixed income investment managers with thousands of professionals around the world united in a single purpose: creating opportunities for our clients in every environment. Since 1971, we have brought innovation and expertise to our partnership with the institutions, financial advisors and millions of individual investors who entrust us with their assets. We aspire to cultivate performance and leadership through empowering our people, diversity of thought, and a commitment to an inclusive culture that engages in our global communities.

Position Description:

We are seeking a CLO Compliance Sr. Associate/Specialist to join our Alternative Operations team. Our global team supports PIMCO's Alternatives business, which includes complex hedge funds and private equity vehicles.

The role may be based in New York, NY, or Austin, TX. Relocation assistance will be provided.

About You
  • You challenge the status quo by asking "why" and identify new and better ways of doing things
  • Exceptional organizational and project management skills, including the ability to multi-task and lead many ongoing initiatives
  • Resourceful, inquisitive, and enjoy problem-solving. Many of the concepts and/or solutions we face are sophisticated, and you bring a desire to work through these complex scenarios
  • You bring a proven track record to deliver on assigned responsibilities through pursuing excellence, outstanding attention to detail, and using interpersonal and communication skills
  • You seamlessly adapt to shifting priorities and enjoy working with ambiguity
  • A standout teammate who builds positive relationships and collaborates across multiple levels of a globally diverse organization, including external vendors
  • You have a track record of building credibility and trust through consistent behavior, high integrity, and judgment
  • Intellectual curiosity, a dedication to professional development, an ability to learn, and interest staying on top of emerging trends
  • Self-motivated and thrive in a fast-paced environment
  • You have a high emotional intelligence, are flexible, and resilient
  • Proven record navigating unstructured processes and simultaneously handling responsibilities with multiple, exciting demands


Responsibilities
  • Coverage and oversight of PIMCO managed CLO business throughout its life stages (entity formation, warehouse, closing/securitization phase, effective date, and through to post-reinvestment phase)
  • Work closely with and act as a liaison between PM's, Operations, Legal, Product Strategy/Marketing, Compliance, Accounting, Internal/External Technology teams, and Tax on CLO-related inquiries
  • Daily interactions and oversight of outsourced settlement providers/shadow compliance agent/trustees
  • Review and sign off on models created by shadow compliance agent/trustee per indenture
  • Assist PMs in running hypothetical trading analysis, daily KPI metrics, and support ad hoc requests to resolve which assets can fit into CLO, depending on size, concentration limits, etc., and ensure allocations are adjusted accordingly
  • Review and translate indenture concepts, language, and tests to PM/Accounting/Marketing/Internal Counsel stakeholders to help optimize portfolios.
  • Coordinate and oversee warehouse facilities and CLO deal closings, including working closely with PM's, underwriters, placement agents, rating agencies, issuer, etc., leading up to closing date
  • Provide oversight of daily asset, position, cash reconciliations, ongoing attribute recs with middle office, shadow compliance agent, and trustee
  • Ensure proper settlement of trades and monitor trade date and settle date cash buckets
  • Review monthly/quarterly reporting of trustees
  • Attend due diligence meetings, industry conferences, and weekly Leverage Loan Desk calls for marketing & optimizing CLO business at PIMCO


Position Requirements:

  • Minimum of a Bachelor's Degree
  • Minimum 5-8 years of well-rounded CLO Industry space, including deal closings, compliance, trustee reporting, deal document review, and fund accounting:
    • Managing the hypothetical trading process
    • Building or reviewing outsourced providers models for eligibility criteria and concentration limit tests
    • Reviewing and interpreting Ratings Waterfall language derivations, asset level attributes and their impact on CLO tests
    • Managing CLO warehouse portfolio ramp-up
  • CLO securitization-from warehouse to pricing to closing to the effective date, including experience with CLO Reset/Refinance/Post Reinvestment events
  • Demonstrated knowledge of syndicated bank loans market, risk retention compliance, CLO indentures, and credit agreement experience
  • Prior use of CLO Compliance systems: Wall Street Office Suite, Black Mountain (AllVue), Sentry, Solvas (CDOSuite)
  • Consistent track record managing CLO compliance, operations, deal level review, and managing outsourced providers
  • Good working knowledge of Excel, PowerPoint, and Bloomberg essential
  • Understanding of SQL and database query tools desirable


Benefits:

PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and well-being of you and your family. Benefits vary by location but may include:
  • Medical, dental, and vision coverage
  • Life insurance and travel coverage
  • 401(k) (defined contribution) retirement savings, retirement plan, pension contribution from your first day of employment
  • Work/life programs such as flexible work arrangements, parental leave and support, employee assistance plan, commuter benefits, health club discounts, and educational/CFA certification reimbursement programs
  • Community involvement opportunities with The PIMCO Foundation in each PIMCO office


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