Securitized Products Junior Trader/Analyst, IABS/EU CLO

TCW Group; London; On-site; GBP 125,000 - 145,000; Full time

Job summary

An established industry player is seeking a dynamic IABS/EU CLO research analyst/trader to join their London office. This role involves working closely with the Global Securitized Products team to identify investment opportunities and execute trades effectively. The ideal candidate will have a strong analytical background, excellent communication skills, and a proactive approach to market research. You will be responsible for conducting in-depth analysis, performing due diligence, and contributing to the broader market strategies. This is a fantastic opportunity to grow your career in a collaborative and fast-paced environment, where your insights will directly impact client portfolios and investment decisions.

Benefits

Comprehensive Benefits Package

Annual Discretionary Bonus

Qualifications

• Minimum two years in IABS and/or EU CLO analysis and/or trading.
• Strong proficiency in Intex, Bloomberg, and advanced MS Excel.

Responsibilities

• Conduct quantitative and qualitative analysis on loans and managers/issuers.
• Perform ongoing surveillance on existing holdings and market trends.

Skills

Credit Analysis

Market Research

Verbal Communication

Written Communication

Quantitative Analysis

Education

Bachelor’s Degree

Tools

Intex

Bloomberg

MS Excel

Python

SQL

VBA

Job description

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:
  • Help cover the IABS/EU CLO new issue and secondary markets, along with broader ABS/CLO team
  • Help propose trade ideas and run bid lists, as needed
  • Help conduct ongoing surveillance on existing holdings
  • For individual security selection, help 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:
  • Help 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 two 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

Estimated Compensation:

Base Salary: For London based position, the base salary range is £125k – £145k. 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.