Associate - CLO Ops LON

HPS Investment Partners is a leading global investment firm that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients, who have entrusted us with approximately $149 billion of assets under management as of December 2024. HPS has approximately 250 investment professionals and over 770 total employees, and has fourteen offices globally.

HPS believes in the importance of giving back to its communities, and in promoting diversity and inclusivity at the firm. We are dedicated to fostering enduring community relationships, and we support our team’s community involvement through volunteer work, board service, and other contributions. In addition, environmental, social, and governance (ESG) considerations are central to HPS’s culture and investment processes.

Department Description                                                                                                                                                                                                       

The CLO Operations team is responsible for reporting data to the Portfolio Manager, Investors, and the Administrative Bank. The Operations team works to guarantee cash, position and information in the software is accurate. 

Position Description                                                                                                                                                                                                        
HPS is seeking a Loan Closer / Operations candidate with experience in the CLO, leveraged loan and high yield bond market to support the European CLO Operations team in London. The candidate will primarily provide support on closing leveraged loan and high yield bond trades, work closely with third party fund administrators/trustees, and will provide operational support across reconciliations, security setup and more. Based in London, the candidate will be an integral part of the CLO Operations team with long-term growth opportunity, and involvement in a range of responsibilities, while reporting to the Executive Director in London. The individual should be highly organized with strong attention to detail, be able to meet strict deadlines in a fast-paced environment and have the ability to work both independently and as part of a team. 

Responsibilities                                                                                                                                                                                

Specific responsibilities will include but not be limited to the following:

• Review and complete LMA / LSTA trade documentation to ensure transactions are closed and settled accurately and within deadlines, including reviewing senior credit / intercreditor agreements to ensure compliance with transfer, tax, regulatory and eligibility criteria
• Maintaining unsettled trade reporting trackers, KPIs per counterparty, per market (Primary/Secondary)
• Completion of borrower KYC for new primary trade allocations
• Security entry into portfolio management system – SkyRoad and VPM
• Daily reconciliations of cash and positions between internal systems (IVP) and the Trustee/Custodians
• Processing coupon / interest / principal / corporate action activity on underlying portfolio positions
• High yield bond settlements via Euroclear/Clearstream/DTCC
• Working with internal IT / Tech teams to develop improved processes and efficiency gains
• Ad-hoc special projects as requested by portfolio managers and other internal groups
• Routine interaction with internal teams, corporate service providers, trustees, and administrators

 

Candidate Profile

• 2-4 years of demonstrated experience within reputable buyside firm, trustee, investment bank or loan closing provider
• Graduate with a bachelor’s degree ideally in a finance or an accounting discipline
• LMA / LSTA Loan Closing experience necessary
• Understanding and familiarity of loan settlement and loan documentation (LMA / LSTA, knowledge of lender / tax status applied in loan transfer documentation)
• Experience working with offshore teams and outsourcing service providers
• Is solutions oriented and has experience of managing/optimizing operational processes
• Is aware of market trends and current industry initiatives that can impact the business
• Must be detail-driven and a natural problem solver, have the resolve to independently research problems and offer solutions
• Ability to manage projects, multi-task and prioritise effectively
• Strong interpersonal and communication skills
• Positive attitude and ability to work under pressure
• Strong Microsoft Office knowledge (particularly Excel). Skyroad, VPM, Loan IQ, Clearpar, Findox and Bloomberg would be beneficial

 

Location

• London, UK

 

Hybrid Work Schedule 

• 4/1 split (F work from home, M-Th work from office.)

 

• HPS Investment Partners is an equal opportunity employer.  HPS does not discriminate in employment opportunities or practices on the basis of race, national origin, color, religion, sex, age, disability, pregnancy, citizenship status, ancestry, military or veteran status, sexual orientation, gender, gender identity or expression, marital and civil partnership/union status, genetic predisposition or carrier status, or any other characteristic protected by federal, state or local law.