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.
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.
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.
Familiarity with Bloomberg, Cognos or other Business Intelligence software (Hyperion, Brio, Business Objects) a plus.
Internal Number: 4683544
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