CLO Operations Associate

CLO Operations Associate

Brigade Capital Management, LP is seeking a CLO Operations Associate with approximately 1-3 years of experience in a financial services firm, preferably CLO manager, accounting firm, or trustee.  The role offers the opportunity to work on a lean team and to contribute to Brigade’s external and internal standing in the credit market.  

Job Qualifications/Responsibilities:

• Experience with CLO compliance tests, hypothetical trade testing, tracking and closing CLO warehouses.
• Experience with reconciliations of monthly reports and waterfalls with multiple CLO trustees including reconciling position data such as ratings, spreads, amortizations, etc.
• Ability to maintain projection models for waterfalls and equity distributions.
• Ability to understand and interpret requirements outlined in CLO Indentures, including ratings definitions, compliance tests definitions, and reporting procedures.
• Experience handling bank loans, including cash and position reconciliations across multiple CLOs.
• Wall Street Office Administrator experience a plus.
• Experience with settling loan trades a plus.

Basic Qualifications:

• Proactive, enthusiastic and team oriented. 
• Ability to prioritize and make decisions in a fast-paced environment.
• Accuracy and attention to detail. 
• Strong written and verbal communication skills. 
• Strong analytical skills.
• Adapt to new changes and new challenges.
• Proficiency using the Microsoft Office Suite in particular Excel, PowerPoint and Microsoft Word required.

General

This is a fantastic opportunity for someone motivated, ambitious, and excited about contributing to the business and being part of a team responsible for driving change within a demanding and complex environment.  This is an excellent opportunity to gain exposure to senior managers in all areas of the firm, including Trading, Technology, Legal, and Finance.  The Operations team is heavily involved in new product initiatives and process improvement to streamline our support model. 

This position offers a competitive base salary, eligibility for a discretionary bonus, a top-notch benefits package (medical, dental, vision, and life insurance are all 100% employer-paid; daily seamless web lunch allowance), an employer-contributed 401k plan, and a collegial working environment. Brigade provides a flexible working environment for all employees, with several weeks each year allotted for remote work. Employees also benefit from the dynamic energy and face-to-face interactions of our office environment for four days a week. This balanced approach fosters both productivity and well-being.  Qualified candidates may apply by sending their resumes to jf@brigadecapital.com  and careers@brigadecapital.com. 

About the Firm

Brigade Capital Management, LP is a 100+ person SEC-registered investment advisor with over $27 billion in assets under management and offices in New York and London focusing on investing in the global high-yield market. The firm employs a multi-strategy, multi-asset class investment approach focused on leveraged balance sheets. The core strategies include long/short credit, distressed debt, structured credit, capital structure arbitrage, and leveraged equities. Brigade’s investment process is fundamentally driven, focusing on asset coverage and free cash flow, with an emphasis on capital preservation.