CDO/CLO Analyst

Position Summary

The CDO/CLO Analyst supports the analysis, operations and reporting for TCW/MetWest CDOs and CLOs. This position will be responsible for processing and monitoring the timely reconciliation of TCW/MetWest CDOs and CLOs, and working with the trustees to ensure accurate and timely reporting.  The reconciliation will involve compliance testing, hypothetical analysis, cash flow projection, timely and accurate cash and holdings transaction comparisons, and the resolution of exceptions with the trustees.

This is a highly visible position and requires someone with strong CDO and CLO knowledge and understanding of documentation (including indentures and swaps). Working knowledge of CDO/CLO mechanics/Compliance tests and effective communication with senior managers and trustees are also required.

Essential Duties

• 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.
• Ensure timely and accurate responses to requests from Portfolio Managers for hypothetical analysis, various projects and cash flow projection.
• Monitor security specific transactions and measures the impact to the CDOs and CLOs.
• Interact with the trustee, and swap counterparties on trades, payments, and other issues.
• Ensure principal and interest received from portfolio assets are properly accounted for and accurate for monthly reports and waterfall distribution.
• 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.
• Interface with CDO/CLO trustees to ensure accurate and timely reconciliation, and data downloads of positions within the CDOs and CLOs.
• Support warehouse servicing for new
• Cultivate positive relationships with trustee contacts and work proactively to correct data inaccuracies with the trustee.
• Interact with rating agencies on questions or rating actions relating to CDO liabilities.
• 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.

Required Qualifications

• Bachelor’s degree in Finance, Economics, or similar field
• At least 2 years of investment industry experience in CDOs and CLOs Compliance and Reporting Role
• 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

Professional Skills Qualifications

• Self-motivated individual with excellent verbal and written communication skills; comfortable presenting information to investors and others
• 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.
• Responsive and possess strong interpersonal skills

Desired Qualifications

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

Estimated Compensation:

Base Salary:                        For CA & NY based position, the base salary range is $90k - $105k.  This is an anticipated range only.

Other Compensation:    Eligible to be considered for an annual discretionary bonus

Benefits:                              Eligible for TCW’s comprehensive benefits package. See more information here.

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Salary : $90 - $105