Nuveen Investments VP, Investment Operations, Leveraged Finance, CLO in San Francisco, California
Investment Ops Manager
Supports all aspects of Fund management, reporting, financial distributions, taxes and compliance.
Key Responsibilities and Duties
Monitors Fund's compliance with investment restrictions, laws, SEC, and tax codes.
Calculates all income and tax distributions, accruals, and billings, etc.
Prepares financial statements and performance reports of funds.
Collaborates with legal counsel and outside auditors on filings, examinations, reporting, and other related tasks.
5 Years Required; 7 Years Preferred
University (Degree), Preferred
- Physical Requirements: Sedentary Work
Nuveen is seeking a VP, Investment Operations, Leveraged Finance, CLO to support our newly created Leverage platform, comprising $34 billion of AUM and a broad offering of below investment grade credit capabilities, including traditional public credit (Loans and High Yield), structured credit/CLOs’, and hedged credit (Long Short, Convert Arb and Distressed).
The ideal candidate will lead a team of high performing operations support personnel. This individual will work cooperatively with Leveraged Finance investment personnel (Portfolio Managers and Traders), Nuveen shared service partners, client back-office support areas, and third-party counterparties/service providers on a daily basis. This individual will work in a rapidly growing fixed income environment and should possess a thorough understanding of leveraged finance operations, reporting, payment date distributions, and analytics. Ideally the candidate should have experience working with Insurance accounts, Total Return accounts, Separately Manage Accounts, Hedge Funds and CLOs’.
Oversee the completion of various loan administration tasks, including trade processing, loan reconciliations, and trade settlement.
Oversee various processes related to CLO compliance and reporting. Drive new processes and behaviors with the front office to improve client experience.
Partner and interact with Trustees, Loan Administrators, Legal, Tax, and Compliance with regards to trade confirmations, allocations, KYC documentation, settlements, metrics, and industry initiatives.
Lead operations aspects of all Client Due Diligence meetings.
Provide oversight in relevant systems throughout the day and work with internal/external customers & service providers to quickly resolve any position or trade related issues.
Independently communicate effectively with Traders and Portfolio Managers at all levels and build strong working relationships with them. Manage all escalations and requests for new work/solutions independently.
Support the settlement process of loan syndications, secondary loan trades, CLO’s, and restructures, including funding and documentation matters.
Continuous improvement mindset to capitalize on straight through processing, speed and accuracy of systems and procedures; communicate in functional teams to complete daily tasks, share market and systems knowledge, and preserve and grow strong trading relationships with internal/external customers.
Review trade confirmation, assignment and assumption agreements, netting agreements, and funding memos to ensure accurate and efficient closing process for leverage loan trades.
Monitor and review all transactions to ensure appropriate risk and control management, responsible for closing audit MAPs and documenting and updating key controls.
Seven to Ten years of related leveraged loan/CLO operations experience
7 years’ experience in a financial services organization performing in a finance or analytical role.
7 years of experience managing a team that supports operations for leveraged finance business (settlements and CLO reporting)
Experience working with operational risks and controls.
Experience with Order Management, Trade Processing, and Bank Loan Systems: (Bloomberg AIM, ClearPar, Wall Street Office)
Demonstrated experience and knowledge with the bank loan market.
Experience performing quantitative analyses and solving complex problems and workflows.
Thorough knowledge of the leveraged finance markets, comprising high yield, bank loans, structured credit/CLO, and convert arb Experience with Order Management, Trade Processing, and Bank Loan Systems: (Bloomberg AIM, ClearPar, Wall Street Office)
Demonstrated proficiency with MS Office Suite products (i.e., Excel, PowerPoint)
5 years of demonstrated experience working closely with senior leadership (VP and above)
Potential Salary: $150,000.00 USD
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information about the firm please visit our website at www.Nuveen.com
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary (https://www.tiaa.org/public/pdf/benefits-at-a-glance.pdf) .
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Read more about the Equal Opportunity Law here (https://www.dol.gov/general/topics/posters) .
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