Securitized Products Trader/Analyst, IABS/EU CLO | London, UK

The TCW Group; London; On-site; GBP 165,000 - 200,000; Full time

Job summary

A leading financial institution is seeking a Securitized Products Trader/Analyst to join their London office. This role involves market research and trading in IABS/EU CLO, requiring expertise in financial analysis and strong communication skills. The successful candidate will collaborate with the Securitized team to enhance investment opportunities and ensure effective portfolio management.

Benefits

Comprehensive benefits package

Discretionary bonus eligibility

Qualifications

• Minimum of five years in IABS and/or EU CLO analysis and/or trading.
• Experience with Intex, Bloomberg, and advanced MS Excel.
• Excellent communication skills and a strong work ethic.

Responsibilities

• Conduct market research and propose trade ideas for IABS/EU CLO.
• Perform quantitative and qualitative securities analysis.
• Monitor market trends and client portfolios.

Skills

Verbal communication

Written communication

Quantitative analysis

Qualitative analysis

Entrepreneurial spirit

Resourcefulness

Education

Bachelor's degree

Tools

Intex

Bloomberg

MS Excel

Python

SQL

VBA

Job description

Securitized Products Trader/Analyst, IABS/EU CLO

Securitized Products Trader/Analyst, IABS/EU CLO

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:
  • • 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.

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