Senior CLO Compliance Analyst

October 14

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Information Technology

10,000+ employees

Founded 1968

💳 Fintech

💸 Finance

🏦 Banking

Description

• The Virtus CLO Compliance/Analytics Team handles the financial modeling, reviewing, and stress testing compliance models for collateralized loan obligations (CLOs) and similar transactions. • The Senior CLO Compliance Analyst is responsible for ensuring models are developed, reviewed, and tested in accordance with transaction documents, to ensure quality standards are achieved. • Review deal documents to identify potential inconsistencies or interpretational issues. • Liaise with deal closing team to communicate and resolve any issues with collateral manager, underwriter and rating agencies. • Identify and communicate any potential gaps with current system functionality to Director of Analytics and develop requirements for programming staff. • Configure and test models to the specifications of the testing and report requirements. • Perform complete stress-testing of the models and any new functionality developed by the programming staff. • Liaise with the Client Services management to ensure the data, model and report are complete and meet the client’s expectations. • Perform ongoing maintenance and support of the models through the lifecycle of the deal. • Work well across business lines to ensure process and procedures are streamlined, while minimizing liability and risk. • Perform QC responsibilities, engaging with trust account managers and senior trust administrators to maintain and improve processes for verifying the accuracy of compliance models. • Review compliance models against transaction documents to ensure models are complete. • Stress-test models to verify expected results and produced. • Communicate results to management and working with modeling analysts to resolve defects. • Analyze results of QC reviews and use data to continually improve overall process through creation of new standards, updating of procedures, and communication with team. • May mentor, guide, advise and/or check the work of less experienced business systems analysts.

Requirements

• Bachelor's degree in finance, accounting, related field, or equivalent combination of education, training, and work experience. • Typically, at least 3-4 years of experience in structured finance, CLO, CBO, and/or CDO transactions, and financial modeling. • Experience reading/interpreting and calculating compliance tests and guidelines from CLO indentures. • Working knowledge of CDO Suite or similar CLO administration platform. • Advanced Excel skills, and high proficiency with Microsoft software. • Ability to mitigate risk and identify gaps in process and procedures to implement solutions. • Strong leadership skills to pursue excellence in all aspects of business and work with the highest ethical standards. • Added Bonus If You Have Experience with Microsoft SQL or other programming language.

Benefits

• A voice in the future of fintech • Always-on learning and development • Collaborative work environment • Opportunities to give back • Competitive salary and benefits