CLO Operations | Associate

93 MGMT; Greater London; On-site; GBP 80,000 - 110,000; Full time

Job summary

93 MGMT is seeking a Senior Associate for its European CLO Operations team in London. You will work closely with portfolio managers, monitor cash projections, and contribute to live portfolio decisions as the platform expands.

The role offers exposure to waterfall calculations, compliance tests and system enhancements, with a clear route to Manager for the right candidate, and a strong emphasis on analytics and AI-enabled tooling.

Qualifications

• Hands-on CLO operations experience gained at a CLO manager, trustee or administrator.
• Typically 3–7 years’ relevant experience; more experienced candidates welcome.
• Strong understanding of CLO compliance tests, including OC and IC calculations.
• Comfortable reading indentures and determining what the documentation permits.
• Strong Excel skills; VBA or broader automation experience advantageous.
• Confidence working directly with portfolio managers and challenging where required.

Responsibilities

• Monitor daily traded cash projections across the European CLO book.
• Produce hypothetical trade results for portfolio managers.
• Prepare weekly portfolio status reports covering compliance tests, funding requirements and trading opportunities.
• Review waterfall calculations and oversee external middle-office reporting.
• Work directly with administrators and middle-office providers to resolve issues and escalations.
• Read and interpret indentures, amendments and restructuring documentation.
• Work closely with portfolio management, client relations and finance.
• Contribute to projects bringing elements of compliance and control in-house.
• Support continued development of systems, analytics and AI-enabled tooling.

Skills

CLO operations experience

Excel

Automation (VBA)

Portfolio management exposure

Indentures reading

Tools

Allvue

WSO

Solvas

Sentry

Job description

93 MGMT is working with an established alternative credit manager to hire a Senior Associate into its European CLO Operations team in London.

The platform is expanding, new deals are closing, and the operations function is growing alongside it. The role offers significant exposure to portfolio management and a clear route to Manager for the right person.

What you’ll do

• Monitor daily traded cash projections across the European CLO book
• Produce hypothetical trade results for portfolio managers
• Prepare weekly portfolio status reports covering compliance tests, funding requirements and trading opportunities
• Review waterfall calculations and oversee external middle-office reporting
• Work directly with administrators and middle-office providers to resolve issues and escalations
• Read and interpret indentures, amendments and restructuring documentation
• Work closely with portfolio management, client relations and finance
• Contribute to projects bringing elements of compliance and control in-house
• Support continued development of systems, analytics and AI-enabled tooling

What we’re looking for

• Hands-on CLO operations experience gained at a CLO manager, trustee or CLO administrator
• Typically 3–7 years’ relevant experience, although more experienced trustee and administrator candidates are welcome
• Strong understanding of CLO compliance tests, including OC and IC calculations
• Comfortable reading an indenture and determining what the documentation permits
• Strong Excel skills; VBA, add-ins or broader automation experience would be advantageous
• Confidence working directly with portfolio managers and challenging where required

Helpful, not essential

• CLO equity fund exposure
• US CLO knowledge
• Experience with Allvue, WSO, Solvas, Sentry or a comparable loan management platform
• Interest in AI and workflow automation

Why consider it?

• This is not a traditional downstream operations role. You will work closely with portfolio managers, contribute directly to live portfolio decisions and take ownership of meaningful projects as the platform develops.
• The team operates with a high degree of autonomy and the business is actively investing in technology, analytics and AI across its investment and operational functions.
• There is also a visible progression path rather than an undefined promise of one.

Applications are handled confidentially by 93 MGMT.