Position Summary
This position is based in TCW’s London office and reports into the Co-Heads of Global Securitized Products on TCW’s Fixed Income team. This role requires working onsite at least four days a week. The IABS/EU CLO research analyst/trader will join the broader Securitized team to focus on identifying and sourcing attractive investment opportunities for client portfolios, getting best-execution on sales and/or swaps as needed, and conducting broader portfolio and market surveillance.
Essential Duties
- Broader IABS/EU CLO credit work and trading:
- Cover the IABS/EU CLO new issue and secondary markets, along with broader ABS/CLO team
- Propose trade ideas and run bid lists, as needed
- Conduct ongoing surveillance on existing holdings
- For individual security selection, conduct quantitative and qualitative analysis on loans and managers/issuers, including deal document review, price/yield analysis, historical collateral performance, rating agency publications, etc.;
- Perform on-site diligence and coordinate banking and syndicate calls as needed
- General market research:
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- Contribute to broader IABS/EU CLO market coverage and trends – including calls with Wall Street trading and banking, managers/issuers, etc. and reviewing relevant research and data
Required Qualifications
- Bachelor’s degree; minimum five years in IABS and/or EU CLO analysis and/or trading
- Intex, Bloomberg and advanced MS Excel
- Experience in Python, SQL, and/or VBA
Professional Skills Qualifications
- Excellent verbal and written communication skills
- Highly motivated and resourceful with an excellent work ethic; entrepreneurial spirit
Desired Qualifications
- Experience in Python, SQL, and/or VBA preferred
Estimated Compensation:
Base Salary: For London based position, the base salary range is £165k – £200k . This represents base salary range only.
Other Compensation:In addition to the base salary, this position will be eligible to be considered for an annual discretionary bonus.
Benefits: Eligible for TCW’s comprehensive benefits package.
