Our Company
Oaktree is a leader among global investment managers specializing in alternative investments, with $205 billion in assets under management as of September 30, 2024. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, private equity, real assets, and listed equities. The firm has over 1,200 employees and offices in 23 cities worldwide.
We are committed to cultivating an environment that is collaborative, curious, inclusive and honors diversity of thought. Providing training and career development opportunities and emphasizing strong support for our local communities through philanthropic initiatives are essential to our culture.
For additional information please visit our website at www.oaktreecapital.com
Responsibilities
The AVP position in Bank Debt Settlements will work to close and manage all bank loan trades across multiple investment strategies. Key responsibilities will be working with counterparties, agents, outside counsel, custodians, and internal teams to ensure trades are settled accurately and in a timely manner. In addition, this role includes optimizing utilization of our outsource service provider and team in India, working to continuously improve the process, and expand straight-through-processing capabilities.
Responsibilities include:
- Review and sign all trade related workflows in ClearPar – from confirmation and assignment to funding
- Review exceptions such as unallocated trades, mismatched trades due to trade differences (quantity, price, identifier, etc.), and address complex pop-up questions
- Liaise and coordinate with outside counsel and Oaktree front office on Distressed trade documentation and settlements
- Coordinate with Corporate Actions team and trade counterparties on amendment processing and other corporate action events
- Ensure trade related cash requirements are communicated accurately to Cash Management, Accounting, and Front office teams to ensure cash availability for trade settlements
- Establish and improve settlement forecasting logic and reporting
- Ensure the accurate and timely processing of Revolver and Delayed Draw loan drawdowns by coordinating with Accounting, Cash Management, and custodian banks
- Optimize offshore support model to increase throughput and control cost.
- Establish Key Performance Indicators (KPIs), understand drivers, and work to continuously improve settlement performance over time.
- Improve straight-through processing capabilities for loan trade processing and settlements.
- Minimize forfeited delayed compensation
- Collaborate with Trade Operations, Corporate Actions, Cash Management, Accounting, IT, and the Bank Debt Servicing teams to understand interdependencies and work on cross-departmental process improvement initiatives.
- Ensure internal stakeholders including the Trading Desk, Portfolio Managers and Analysts are informed of settlement timelines, trends, and impacts to their strategies.
- Coordinate with outsourced settlement providers to review and research trade-related reconciliation breaks to ensure timely response and resolution as well as understanding of root causes.
- Stay current on, and participate in industry initiatives to improve loan settlements
Qualifications
- Ideal candidate has 7+ years working in the bank loan sector
- Solid understanding of the LSTA Primary and Secondary delayed compensation requirements for both lenders and the agent bank
- Track record in leading and participating in process improvement initiatives
- Proficiency on ClearPar
- Experience using Geneva and AllVue Everest a plus
- Distressed loan closing background a plus
- Experience with SQL, VBA, Python, and PowerBI a plus
Personal Attributes
- Must have outstanding initiative and be a self-starter
- Demonstrate non-linear thinking and have excellent written, verbal and interpersonal communication skills
- Ability to prioritize and manage multiple competing tasks
- Collaborative, team-oriented individual with strong sense of integrity and professionalism
Education
Bachelor’s degree required.
Master’s and/or CFA preferred
Base Salary Range
$135,000 - $185,000
In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives, a comprehensive benefits package and a flexible work arrangement. The base salary offered will be commensurate with experience and/or qualifications, industry knowledge and expertise, as well as prior training and education.
Equal Opportunity Employment Policy
Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment. This policy applies to all Oaktree applicants, employees, clients, and contractors. Staff members wishing to report violations or suspected violations of this policy should contact the head of their department or Human Resources.
For positions based in Los Angeles
For those applying for a position in the city of Los Angeles, the firm will consider for employment qualified applicants with a criminal history in a manner consistent with applicable federal, state and local law.
