OverviewCVC Marathon is seeking an Associate, CLO Operations to strengthen its capacity, cross-coverage, and control environment supporting its fast growing performing credit platform. This cross-functional role will support daily trade execution, managed-vehicle activity, data quality management, reporting, and transaction activity across the performing credit platform. The Associate will work closely with senior team members, while partnering with Portfolio Management, Legal, trustees, collateral administrators and custodians to deliver timely, accurate, and well-documented information.
Responsibilities
- Provide day-to-day operational support, including monthly reporting, quarterly waterfall reviews, management-fee projections, and recurring control processes.
- Execute and provide backup coverage for trade settlements; investigate and resolve position breaks, fails, and discrepancies with counterparties, custodians, and administrators.
- Support day-over-day and week-over-week compliance reconciliation with collateral administrator, including review of fund compliance results such as OC/IC tests, collateral quality tests, and concentration limits.
- Support warehouse activity, including operational coordination for asset approvals and borrowings/paydowns, with appropriate documentation and control evidence.
- Run daily hypothetical trades and troubleshoot across systems to identify and remediate breaks.
- Support new CLO closings, resets, refinancings, and post-close setup; coordinate closing mechanics of fund cashflow movement and documentation with Legal, trustees, arrangers, and rating agencies.
- Perform indenture analysis to support trade activity compliance and reporting
- Maintain effective working relationships with internal & external partners, including legal & compliance, accounting, trustees, collateral administrators.
- Improve workflows through documentation, data validation, and automation using AI-enabled tools; help build durable cross-coverage across critical processes.
- Support wind-down, redemption, and other lifecycle events for maturing or called transactions.
Qualifications
- 4–7 years of experience in CLO or structured-credit operations, fund administration, or trustee/agent services.
- Strong working knowledge of CLO indentures, waterfall mechanics, compliance testing, and transaction lifecycle processes.
- Hands-on experience with trade settlements, reconciliations, exception management, and operational reporting.
- Strong analytical and data management skills; advanced vendor systems experience and proficient Excel skills required along with comfort working with large, complex datasets.
- Clear written and verbal communication skills, including the ability to work directly with internal stakeholders, trustees, administrators, and other relevant counterparties,
- Highly organized self-starter with strong judgment, attention to detail, and the ability to manage multiple deadlines independently.
- Bachelor's degree in Finance, Accounting, Economics, or a related discipline.
- Experience with CLO reporting, loan & bonds administration and warehouse facilities, including asset approvals borrowings/paydowns, accruals and carry calculations.
- Exposure to CLO closings, reset transactions, refinancing mechanics, and rating-agency surveillance.
- Experience improving operating workflows through automation, scripting, or AI-assisted analysis, reconciliation, and reporting.
The average salary for this role $100,000 – $150,000 in base pay and is exclusive of any bonuses or benefits. The base pay offered will be determined based on your experience, location, skills, training, certifications and education, and in addition we will also consider internal equity and market data. We do not anticipate that candidates hired will begin at the top of the range however, from time to time, it may occur on a case-by-case basis.
No agencies please.
