United States - New York

Fund Services, Operations, Portfolio and fund management, Process, project and program management

Asset Management

Your role

CIG’s Middle Office is searching for an experienced CLO operations professional to join their CLO Investment Guidelines Monitoring team and to:

• perform oversight and governance of all operational and compliance aspects of the CLO business
• monitor all trades within the CLOs on a pre-settlement basis to ensure compliance with the CLO Indenture requirements
• test and validate new compliance model as per the CLO Indenture; providing feedback to Middle Office Service Provider and Trustee as needed
• work closely with our Middle Office Service Provider and Trustees to ensure all trade events and cash movements are captured correctly and properly reconciled for all reporting requirements
• review Monthly Trustee Reports for accuracy and completeness, monitoring the tie-out process to ensure timely delivery
• verify quarterly waterfall calculations to ensure correct distributions for CLO Note interest, equity payments, management fees, and vendor expenses are made
• perform adhoc requests for portfolio managers and trading desk, providing guidance as needed
• support new fund launches by managing operations from the warehousing stage through Closing Date, including approval of Flow of Funds
• oversee cash breaks with trustees and internal/external operational teams

Detailed salary information:
• New York: the salary range for this role is $100000 to $120000
The expected salary range(s) for this role as of the date of this posting is/are based on factors including, but not limited to, experience, qualifications, education, location and skill level. This role may also be eligible for discretionary incentive compensation. For benefits information, please visit ubs.com/usbenefits.

Job Reference #

313453BR

City

New York

Job Type

Full Time

Your Career Comeback

We are open to applications from career returners. Find out more about our program on ubs.com/careercomeback.

Your team

The Credit Investments Group (“CIG”), a business unit of the Asset Management Division of UBS, is an industry leader in managing approximately $60 billion in non-investment grade credit assets across bank loan, high yield bond and structured product portfolios. CIG is one of the largest demonstrated credit managers in the US and Western Europe, with an accomplished full-service group of dedicated career credit professionals located in New York and London.

Your expertise

• undergraduate degree in accounting, finance or business related field is preferred
• 2-3 years of experience in portfolio management, loan or LC operations
• previous experience with CLO's, public/private credit is preferred
• excellent verbal and written communication skills required.
• team player that proactively looks to add value and step-in wherever help is needed.
• attention to detail and self-starter
• ability to manage and prioritize multiple tasks
• experience with Python, SQL, and/or Excel Macros is a plus

About us

UBS is the world’s largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors..

We have a presence in all major financial centers in more than 50 countries.

Salary information

US Only: The expected salary range for this role is $100000 to $120000 based on factors including, but not limited to, experience, qualifications, education, location and skill level. Please see «Your role» section for detailed salary information.

Join us

At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.

From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we’re more than ourselves. Ready to be part of #teamUBS and make an impact?

Disclaimer / Policy statements

UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.