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

Job Reference #

315960BR

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
• min. 5 years of experience in portfolio management, loan or LC operations
• previous experience with CLO's, public/private credit is preferred
• Be well versed in CLO Compliance; Coverage and Collateral Quality tests, Rating Derivations, asset classifications (Defaults, Current Pay, Discounts, etc). Experience reading and interpreting Indentures.
• 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.

Join us

At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We’re dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. We also recognize that great work is never done alone. That’s why collaboration is at the heart of everything we do. Because together, we’re more than ourselves.

We’re committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.

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.