CLO Fund Oversight - Analyst/Associate at BlackRock

London, England, United Kingdom

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Asset Management, Financial ServicesIndustries

Requirements

Degree or equivalent qualification desired
1-3 years' experience within CLO/Securitised products (ideal)
Previous experience of CLO portfolio administration with knowledge of CLO mechanics (advantage, e.g., at Corporate Trust or Collateral Manager)
Knowledge of Loan/Bond administration
Fund onboarding experience
Experience reviewing Fund Prospectus and Deeds (preferred)
Excellent Excel skills (Array formulas & VBA an advantage)
SQL query writing (an advantage)
Ability to communicate effectively and concisely to all levels of the business and Investors
Keen eye for detail, tenacious can-do attitude, ability to multitask, prioritise and problem solve

Responsibilities

Coordinating daily fund cash management and initiating retention vehicle and warehouse capital calls, working closely with portfolio managers and Loan settlements teams
Coordinate the daily oversight and production of asset, position, cash and attribute reconciliations; managing internal operations and external administrators; assist in optimising and automating existing processes
Manage distribution and record keeping for retention vehicle board and investment committee approvals
Shadow and sign off CLO Trustee Monthly/Quarterly Investor & ESMA Regulatory reports
Translate Indentures to create and maintain inhouse bespoke compliance Models and oversee the daily/weekly delivery of CLO KPI & compliance metrics (Coverage ratios, PPT’s CQT’s, MVOCS)
Assist PMs in running hypothetical (What-if) trading analysis, set up CLO cusips, raise trade orders and support/resolve related ad hoc requests
Act as the liaison between the Portfolio Management Group (PMG) and various internal and external business partners (Operations, Legal & Compliance, Product strategy, RQA, Audit, Trustees etc)
Assist in Warehouse and CLO closings, the onboarding of new funds; review of deal documentation, compliance rule coding and flow of funds tie outs with arranging banks and Trustees
Manage the appointment and ongoing relationships with key service providers (Trustee, Issuer and Fund Accountants)
Provide portfolio analytics including warehouse return projections, historical return, portfolio composition KPI’s, and assist in providing relative value reports
Attend and eventually contribute to Investor/RQA’s due diligence meetings, industry conferences, and weekly Risk meetings

Skills

CLO

Securitised Products

Excel

VBA

SQL

Loan Administration

Bond Administration

Fund Onboarding

Fund Prospectus

Fund Deeds

BlackRock

About BlackRock

New York City, New YorkHeadquarters

1988Year Founded

$78,647.7MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

Benefits

Health Insurance

Unlimited Paid Time Off

Mental Health Support

Wellness Program

401(k) Retirement Plan

Risks

FDIC scrutiny could lead to regulatory challenges for BlackRock.

Workforce reduction may indicate internal financial pressures or strategic shifts.

Involvement in Yangzijiang Shipbuilding exposes BlackRock to geopolitical risks.

Differentiation

BlackRock's Bitcoin ETF, IBIT, reached over $50 billion in assets quickly.

The firm is developing a layer-2 tokenized real-world asset platform on Ethereum.

BlackRock's partnership with Frax Finance enhances its stablecoin market presence.

Upsides

IBIT's success attracts a broader range of cryptocurrency investors.

The Ethereum platform positions BlackRock as a leader in blockchain financial services.

Partnership with Frax Finance enhances digital finance offerings and compliance.

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