30 days old

Junior CLO Analyst

Guggenheim Partners
Santa Monica, CA 90401
  • Job Code
    124055532
Guggenheim Partners

Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

ID: 2020-1317
Category: Asset/Investment Management
Position Type: Regular Full-Time


Position Summary

The Junior CLO Analyst will be responsible for assisting in the review of collateral, servicing, and structural aspects of CLO deals. The Junior CLO Analyst will also be responsible for credit surveillance of existing positions, maintaining awareness of industry developments, and developing and producing credit risk surveillance reports for Senior Analysts, Traders, and Management. This position is located in Santa Monica.

Essential Job Functions

  • Research potential CLO debt and equity investments including broadly syndicated, middle market, and bilateral loans, warehouse facilities, and combo-notes.
  • Utilize GPIM underwriting guidelines, deal-specific cash flow modeling, and all available sources of information (e.g., offering/governing documents, roadshows, published research, news, financial reporting, rating agency reports, and market color) to create clear, comprehensive, and authoritative credit memoranda.
  • Assist in presentations to Investment Committee. Conduct timely, and accurate follow-up analysis
  • Review deal term sheets and offering documents to understand key deal terms related to payment waterfall, collateral eligibility, deal performance triggers, and rights and authorities of key parties.
  • Build and maintain cashflow, surveillance, and credit models. Project impact of Investment Committee approved credit stresses on the cashflow, pricing, liquidity and rating of investments.
  • Perform surveillance of investments, including reviewing performance reports and third party research, following news and developments, and interacting with internal/external subject matter experts.
  • Assist Senior Analysts in the research of credit-sells and other loss mitigation actions.
  • Obtain and review investment reporting to support generation of ongoing monitoring reports. Create internal memos/emails to communicate developments to internal constituents (PMs, senior management, Investment Committee)
  • Develop comprehensive understanding of GPIM models for risk and exposure reporting. Execute, maintain, and enhance those models.
  • Participate in issuer, servicer, and manager meetings/calls to maintain knowledge of market developments and industry practices. Conduct high frequency monitoring of manager news and industry developments in the CLO and bank loan markets.
  • Maintain updated cashflows and analytics for existing investments. Support CLO trader colleagues with timely refreshing of deal cashflows and key structural terms


Preferred Qualifications

  • Strong written and verbal communication skills
  • Ability to multi-task across analytical, administrative, and research activities in a detail oriented and timely manner
  • Strong commitment to performance and accuracy of work product
  • Experience in VB or Python programming, SQL, and technology systems development for structured finance applications is desirable.
  • Team oriented and open minded individual with ability to thrive in a group environment


Basic Qualifications

  • 0-3 years of research, analysis, or structuring in credit fixed-income.
  • CFA charter or commitment to pursue completion of the program
  • Strong credit, finance, economic, business and technical skills


About Us

About Guggenheim Investments
Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with expertise in fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our team of investment professionals performs rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.
About Guggenheim Partners
Guggenheim Partners is a global investment and advisory firm with three primary businesses: investment management, investment banking, and insurance services. We have a track record of delivering results through innovative solutions, with professionals based in offices around the world. Our commitment is to advance the strategic interests of our clients and to deliver long-term results with excellence and integrity. You can learn more about our expertise and values by visiting GuggenheimPartners.com and following us on Twitter at twitter.com/guggenheimptnrs.

To succeed in the Guggenheim culture, candidates must be self-starters and strive for results. We are looking for people who operate as business owners, adhere to the highest standards and think creatively to realize opportunities, wherever they may be.

Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.


PI124055532

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Posted: 2020-09-25 Expires: 2020-10-26

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Junior CLO Analyst

Guggenheim Partners
Santa Monica, CA 90401

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