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CDO Analyst

New York

Credit Funds

Ref#: 2272

Date published: 21-Feb-2019

About Fortress 

Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $42.1 billion of assets under management as of September 30, 2018. Founded in 1998, Fortress manages assets on behalf of over 1,750 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. Investment performance is our cornerstone - we strive to generate strong risk adjusted returns for our investors over the long term. For additional information on Fortress, please visit www.fortress.com.


About The Position 

Responsibilities 

The primary responsibility of this role is ensuring that the collateralized debt obligation (“CDOs”) maintain compliance with the indenture at all times. This includes:

  • Working with our Trustee to produce compliance reports to our note holders
  • Running hypothetical trade analysis for the CDO compliance tests to ensure post-trade compliance
  • Working with our third party compliance provider to maintain a working compliance model that properly reflects the terms of the indenture
  • Work on new CDOs deals, have interaction with our deal teams on the new deals potentially going into the CDOs and have constant dialogue with asset managers on existing trades that are within the CDO portfolios. 
  • Analyze monthly/quarterly waterfalls
  • Become the expert on the terms of the indenture of each CDO
  • Handle requests and queries from internal parties (accountants, operations, management) and external parties (banking counterparties, Trustees, compliance administrator)
  • Respond and prepare ad hoc reporting requests
  • Special projects as assigned
  • Strong analytical, communication and quantitative skills.  
  • Prior knowledge of CDOs to learn and participate in the full life cycle of these transactions.

Qualifications 

  • A college degree and coupled with at least 2 years of financial services experience
  • CDO product knowledge with preferred experience in:
    • CDO modeling
    • CDO compliance software: CDO Suite, Wall Street Office Compliance or other compliance modules
    • Wall Street Office
  • Bright, quick learner, motivated
  • Self-confidence and ability to work in a dynamic environment
  • Willing to “roll up sleeves”
  • Strong written and oral communication skills
  • Positive initiative with ability to drive projects forward
  • Presence and poise to work with senior management on a regular basis
  • Flexibility to balance multiple requests / inquiries from across the organization
  • Ability to thrive in a fast paced, challenging environment 

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Fortress Investment Group LLC collectively with its subsidiaries and operating affiliates is an equal opportunity employer and considers all applicants for employment without regard to race, religion, creed, color, sex, age, national origin, citizenship status, disability, genetic information, protected veteran status, marital status, sexual orientation, gender identity, or any other status protected by federal, state or local law.