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

Key technologies and capabilities for this role

CLOSecuritised ProductsExcelVBASQLLoan AdministrationBond AdministrationFund OnboardingFund ProspectusFund Deeds

Questions & Answers

Common questions about this position

What is the salary for the CLO Fund Oversight Analyst/Associate role?

This information is not specified in the job description.

Is this a remote position, or where is it located?

This information is not specified in the job description.

What skills and experience are required for this role?

The role requires 1-3 years' experience within CLO/Securitised products, knowledge of CLO mechanics (advantage from Corporate Trust or Collateral Manager), excellent Excel skills (Array formulas & VBA an advantage), SQL query writing (advantage), fund onboarding experience, and ability to communicate effectively and concisely.

What is the team structure or work environment like?

The role sits within the CLO PMG team, involving close collaboration with portfolio managers, internal teams (Operations, Legal & Compliance, Product strategy, RQA, Audit), and external parties like Trustees and administrators.

What makes a strong candidate for this CLO Fund Oversight role?

A strong candidate has a degree or equivalent, 1-3 years' CLO/securitised products experience, keen eye for detail, tenacious can-do attitude, multitasking and problem-solving skills, plus knowledge of loan/bond administration and effective communication.