CLO Reporting and Compliance en UBS Group AG
UBS Group AG · New York, Estados Unidos De América · Onsite
- Professional
- Oficina en New York
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 ad hoc requests for portfolio managers, trading desk and other internal stake holders, providing guidance as needed
• support new fund launches by managing operations from the warehousing stage through Closing Date and Effective Date, including approval of Flow of Funds
• oversee cash and position breaks with trustees and internal/external operational teams
Detailed salary information:
• New York: the salary range for this role is $120000 to $160000
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.
• 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 ad hoc requests for portfolio managers, trading desk and other internal stake holders, providing guidance as needed
• support new fund launches by managing operations from the warehousing stage through Closing Date and Effective Date, including approval of Flow of Funds
• oversee cash and position breaks with trustees and internal/external operational teams
Detailed salary information:
• New York: the salary range for this role is $120000 to $160000
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.
City
New York
Job Type
Full Time
Country / State
United States - New York
Function Category
Fund Services, Operations, Portfolio and fund management, Product Management and Development
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. And we use artificial intelligence (AI) to work smarter and more efficiently. 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.
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.
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
• ideally 5 years of work experience with a portfolio manager, accounting firm, Trustee, or middle office service provider servicing CLO’s
• previous experience with CLO's, public/private credit
• 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 and other fund documents
• deep subject matter knowledge in all operational aspects of CLO’s
• excellent verbal and written communication skills
• hands on experience with process reengineering , control assessment and vendor management
• team player that proactively looks to add value and step-in wherever help is needed
• experience in project management, including managing external parties
• attention to detail and self-starter
• ability to manage and prioritize multiple tasks and high volumes
• experience with Python, SQL, and/or Excel Macros is a plus
• ideally 5 years of work experience with a portfolio manager, accounting firm, Trustee, or middle office service provider servicing CLO’s
• previous experience with CLO's, public/private credit
• 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 and other fund documents
• deep subject matter knowledge in all operational aspects of CLO’s
• excellent verbal and written communication skills
• hands on experience with process reengineering , control assessment and vendor management
• team player that proactively looks to add value and step-in wherever help is needed
• experience in project management, including managing external parties
• attention to detail and self-starter
• ability to manage and prioritize multiple tasks and high volumes
• 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.
We have a presence in all major financial centers in more than 50 countries.
Your Career Comeback
We are open to applications from career returners. Find out more about our program on ubs.com/careercomeback.
Salary information
US Only: The expected salary range for this role is $120000 to $160000 based on factors including, but not limited to, experience, qualifications, education, location and skill level. Please see «Your role» section for detailed salary information.
