CLO Analyst

WHO IS WESTERN ASSET

Western Asset Management focuses on supporting our clients' financial goals and creating positive outcomes for all kinds of people. Primarily a globally integrated fixed-income manager, we source ideas and investment solutions worldwide, with an emphasis on long-term fundamental value investing, using multiple diversified strategies.

We are seeking a CLO Desk Analyst to support the Portfolio Managers across Bank Loans, CLO Management, and third-party CLO tranche investments. The analyst will support and contribute to trade execution, portfolio analytics, credit monitoring, and reporting across the full spectrum of leveraged loan and CLO activities.

This is a critical role required at a pivotal moment for the business, which will alleviate senior members to focus their time on investment performance, sourcing trade opportunities, and building AUM in strategic areas poised for growth. This role is highly technical, requiring a working knowledge of loans and CLOs.Work schedule is 4 days in office at our Pasadena location.

What you will do

Portfolio & Trading Support

• Assist PMs with trade preparation, allocation, and compliance verification for loan and CLO tranche transactions
• Maintain accurate daily records of exposures, liquidity, cash balances, pipeline, and portfolio risk.
• Track primary and secondary market activity, price color, flows, and technicals across loans and CLO tranches
• Support scenario analysis for portfolio repositioning, risk budgeting, and relative-value opportunities

Credit & Collateral Analysis

• Gather, update, and analyze borrower-level financials, covenant packages, rating changes, and event-driven news
• Support CLO collateral modeling including WARF, WAS, WAL, CCC buckets, documentation tests, and par metrics
• Maintain deal- and issuer-level data sets used for credit selection and ongoing monitoring.
• Contribute to investment memos, credit reviews, and internal portfolio discussions

CLO Tranche Evaluation

• Run cash flow models, structural analyses, and stress tests for CLO tranches
• Track manager behavior, deal performance trends, reinvestment activity, and structural features across deals
• Maintain updated tranche and deal dashboards to support PM decision-making

Reporting & Data Management

• Produce daily and weekly reporting packages: performance, exposures, risk metrics, liquidity, pipeline, and attribution
• Reconcile data across systems, pricing feeds, trustee reports, and internal risk systems.
• Maintain accuracy of models, databases, and dashboards used for investment and portfolio oversight
• Audit and reconcile monthly reports with trustee, shadow trustee and internal systems to ensure accurate calculations across tests in CLO reports

Operations, Risk, and Compliance Coordination

• Liaise with operations, risk, compliance, and technology teams on trade settlement, corporate actions, and lifecycle events
• Ensure timely and accurate updating of pricing, reference data, and model inputs
• Assist in audit requests and regulatory inquiries as needed

What you will bring

• A minimum of 5 years of experience in the asset management space with 2-3+ years of that experience in leveraged loans, CLOs, structured credit, or related investment/analytics roles
• Strong analytical capabilities with advanced Excel proficiency; familiarity with CLO modeling tools
• Ability to work in a fast-paced trading environment with excellent attention to detail.
• Strong written and verbal communication skills
• Self-motivated with the ability to manage multiple priorities simultaneously
• Experience with Bloomberg, loan settlement platforms, and credit data systems (Markit, LCD, Intex, WSO)
• Understanding of CLO documentation, indentures, and trustee reporting
• Familiarity with the programming architecture required to develop automated data analysis (Python, SQL, VBA) a plus but not required

Expected base salary for the role will generally be between $140,000 - $155,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include other forms of compensation such as, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

About Western Asset

At Western Asset we're saying hello to the future. Committed to being the leading fixed-income investment management firm in the world, we're investing in new technologies, methodologies and markets. We're also investing in our people. Our business is guided by a belief in doing the right thing: that if we treat our clients and colleagues with fairness and respect, success will follow. We're building on our reputation and resources with an entrepreneurial approach that drives innovation. Every day is an opportunity for us to get better by making the most of the possibilities that our people and ideas can bring.

We believe an inclusive and respectful workplace promotes the formation of different ideas and viewpoints, enhances independent thinking, and helps create a work environment where the best ideas are identified and implemented. We are committed to unlocking the potential of our team by providing an inclusive and supportive environment that offers everyone the chance to grow personally, advance professionally, and participate fully in the Firm's success.

EQUAL EMPLOYMENT OPPORTUNITY ("EEO")

Western Asset Management is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, age, marital status, medical condition (including pregnancy and related conditions), physical or mental disability, protected veteran status, and/or any other characteristic protected by law.

Link to Equal Employment Opportunity Statement: https://westernasset.com/careers/careers-site/common/pdfs/EQUAL_EMPLOYMENT_OPPORTUNITY.pdf

Join our talent pool

We're always on the look-out for creative, curious, collaborative, and entrepreneurial individuals. Even if you don't see any current opportunities that match your skills, we'd still like to hear from you. Sign up for our Talent Pool and we'll get in touch when something suitable comes up.

Register today and build your own searchable profile ready for our hiring managers to view. All you need is a few basic details and an up-to-date copy of your resume ready to upload. We support .rtf, .docx, .doc, .txt and .pdf files, provided they are smaller than 2MB.