CLO Compliance Manager

New York, USA
Jan 02, 2021
Jan 15, 2021
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
About Us:

We are PIMCO, a leading global asset management firm. We manage investments and develop solutions across the full spectrum of asset classes, strategies and vehicles: fixed income, equities, commodities, asset allocation, ETFs, hedge funds and private equity. PIMCO is one of the largest investment managers, actively managing more than $1.92 trillion in assets for clients around the world. PIMCO has over 2,800 employees in 17 offices globally. PIMCO is recognized as an innovator, industry thought leader and trusted advisor to our clients.

PIMCO is one of the world's premier fixed income investment managers with thousands of professionals around the world united in a single purpose: creating opportunities for our clients in every environment. Since 1971, we have brought innovation and expertise to our partnership with the institutions, financial advisors and millions of individual investors who entrust us with their assets. We aspire to cultivate performance and leadership through empowering our people, diversity of thought, and a commitment to an inclusive culture that engages in our global communities.

Position Description:

We are seeking a CLO Compliance Specialist/Manager to join our global team of professionals located in Newport Beach, CA, London, Austin, TX, and New York, NY. This team supports PIMCO's Alternatives business, which includes complex hedge funds and private equity vehicles.

The role may be based in New York, NY or Austin, TX.

  • Assist business during warehouse ramp up phase to CLO securitization phase
  • Act as liaison between PM's, Operations, Legal, Compliance, Accounting, and Tax on CLO-related inquiries
  • Daily interactions and oversight of outsourced settlement providers/shadow compliance agent/trustees
  • Review models created by shadow compliance agent / trustee per indenture
  • Assist PMs in running hypothetical trading analysis to determine which assets can fit into CLO depending on size, concentration limits, etc., and work with PMs to adjust allocations accordingly
  • Track subjective portfolio / asset attributes specific to PM view or indentures
  • Coordinate and oversee warehouse facilities and CLO deal closings, including working closely with PM's, underwriters, placement agents, etc., leading up to closing date
  • Provide oversight of daily asset, position, cash reconciliations, ongoing attribute recs with middle office, shadow compliance agent and trustee
  • Ensure proper settlement of trades to respective cash buckets (i.e. ramp up vs. principal account)
  • Review monthly/quarterly reporting of trustees
  • Attend due diligence meetings for marketing CLO's

Position Requirements:

  • Minimum of a Bachelor's Degree
  • Minimum 5-8 years of managing CLO compliance directly on behalf of collateral warehouse manager or managing outsource provider running CLO compliance, including hands-on experience with:
    • Managing hypothetical trading process
    • Building or reviewing outsourced providers models for eligibility criteria and concentration limit tests
    • Selecting or reviewing Cov-Lite, Industry Classifications, Ratings Agency determination
    • Managing CLO warehouse portfolio ramp up
  • CLO securitization-from warehouse to pricing to closing to effective date
  • Demonstrated knowledge of syndicated bank loans market, risk retention compliance, CLO indentures and credit agreement experience
  • Prior use of CLO Compliance systems: WSO Compliance, Sentry, Solvas
  • Excellent written and verbal communication skills, suitable for client meetings
  • Consistent track record managing CLO compliance and managing outsourced providers
  • Good working knowledge of Excel, and Bloomberg essential
  • Understanding of SQL and database query tools desirable


PIMCO is committed to offering a comprehensive portfolio of employee benefits designed to support the health and well-being of you and your family. Benefits vary by location but may include:
  • Medical, dental, and vision coverage
  • Life insurance and travel coverage
  • 401(k) (defined contribution) retirement savings, retirement plan, pension contribution from your first day of employment
  • Work/life programs such as flexible work arrangements, parental leave and support, employee assistance plan, commuter benefits, health club discounts, and educational/CFA certification reimbursement programs
  • Community involvement opportunities with The PIMCO Foundation in each PIMCO office

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