Job Description:
The Role:
The Analyst, CLO Portfolio Services will work closely with the Director, CLO Portfolio Services and the Ballyrock Investment Team to enhance the operational model for the Ballyrock CLOs. Specifically, the Analyst will monitor traded and settled positions across CLOs and systems, track reinvestable obligations in post-reinvestment deals and run hypothetical trades as needed, monitor investable cash positions, and review/track participation in workout loans, restructured loans and loans with maturity amendments. In addition, the Analyst will be deeply involved with testing new tools portfolio management capabilities and ensure new technologies are implemented successfully amongst the Investment Team.
Primary Responsibilities
- Monitor current and projected cash balances
- Monitor price changes, position sizes, watchlist changes
- Monitor rating changes and components of CCC/Caa and defaulted buckets
- Track reinvestable obligations in post-reinvestment deals and executed trading plans
- Work with CLO portfolio managers, compliance, and trustees on hypothetical trading plans
- Work with the CLO portfolio managers and trading to implement trading plans
- Review each CLO s ability to participate in corporate actions; Track participation in workout loans, restructured loans and maturity amendments in each live deal
- Liaise with technology, compliance, legal, operations, portfolio management, trading, and other internal Fidelity partners to evaluate and enhance portfolio management applications and tools
The position requires close interaction with portfolio managers, traders, legal, compliance, investment services, third party trustees, underwriters and Fidelity s Investment Operations teams.
The Expertise and Skills You Bring:
- BA / BS degree required, advanced degree a plus. Major or concentration in legal, finance, business administration, or accounting preferred but not required.
- Minimum of 3 to 5 years of financial services experience, with preference towards prior experience with leveraged loan/CLO operations.
- Proficient in trading operations, terminology, and market mechanics
- Ability to prioritize workload and responsibilities in fast-paced environment
- Solid understanding of the US leveraged loan market and structured finance transactions.
- Working knowledge of Wall Street Office, familiarity with Rating Agencies (Moody s, S&P, Fitch).
- Experience with credit agreements, term sheets, indentures and other security offering documents.
- Interact with Trustee to communicate hypothetical trades and assess impact to compliance results.
- Strong Microsoft Excel skills and excellent interpersonal skills.
- Ability to work independently while integrating seamlessly with other members of the Investment & Investment Services teams.
- Reliable, self-starter, highly detail oriented, well-organized and able to manage several priorities and deadlines.
The Team:
Fidelity s High Income & Alternatives Division is responsible for managing the firm s diversified high yield, leveraged loan, and emerging market debt strategies, including Collateralized Loan Obligations (CLOs). In addition, the group manages strategies focused on the equities of leveraged companies. Assets under management exceeded $100 billion as of year-end 2022. The division is made up of a diverse team of Investment Professionals, Traders, and Operational and Administrative Support staff.
Certifications:Company Overview
Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients money.
Join Us
At Fidelity, you ll find endless opportunities to build a meaningful career that positively impacts peoples lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees Choice Award , we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don t need a finance background to succeed at Fidelity we offer a range of opportunities for learning so you can build the career you ve always imagined.
Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks).
At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry. Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document , and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.
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Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.
Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to .