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CLO Relationship Manager II

Company: WSFS Bank
Location: Wilmington
Posted on: March 17, 2023

Job Description:

Position type: Full-timeLocation: Wilmington, DE -Schedule: Monday - Friday, 8 am-5 pm -Hybrid/RemoteDescriptionThe CLO- Relationship Manager will be responsible for onboarding new client relationships and daily administration of assigned Global Capital Markets (GCM) accounts of varying complexity and importance, including all administrative, operational, and risk management activities for GCM transactions. This incumbent is expected to become a subject matter expert for a variety of various products and services. Additional responsibilities include closing new transactions, managing straightforward accounts, maintaining counts, and client interface, overseeing debt service payments, compliance collection, and approving transfers and DWACs. In addition, the Relationship Manager will work closely with other Relationship Managers, administrators, support areas, and external clients while providing timely responses to internal and external inquiries. - -This is a full-time, 40-hour per week, Mon.-Fri., 8 am - 5 pm.Job Responsibilities:

  • Perform the collection of payments, investor waterfall distributions, hypothetical trade testing, monthly and quarterly reconciliations, and various reporting requirements.
  • Daily administration of a book of complex accounts.
  • Follow all Bank and Department policies and procedures.
  • Timely responses to internal and external inquiries.
  • Maintain client relationships.
  • Onboarding of new transactions.
  • Working knowledge of accounts and governing documents. - - - -
  • Liaise with operations, compliance, managers, investors, underwriters, auditors, CLO managers, management, and vendors.Minimum Qualifications:
    • Bachelor's degree in Business Administration, Finance, or related business discipline or equivalent work experience is required.
    • Five to seven years of corporate trust or financial services experience - preferably at CLO, Manager, CLO Trustee, or Loan Agent.
    • Experience reviewing, commenting on, and interpreting complex legal documents.
    • Experience with Solvas/CDO Suite, SEI, and Clearpar.
    • Must have outstanding verbal and written communication skills and be a self-starter who can work well with others in a demanding team-oriented environment.
    • General knowledge of regulatory rules that apply to communication with customers.
    • Strong analytical skills with the ability to organize the workflow and great attention to detail.
    • Ability to work independently, as a part of a team, and to exercise sound judgment.Inclusiveness:WSFS Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require accommodation, including technical assistance with the WSFS Bank Careers website or submission process, please contact us via email at careers@ wsfsbank.com.How do you get to be nearly 200 years old in a world that's constantly changing? For us, the answer has always been the same: create a team of Associates who are passionate about serving the community, and success will follow. Our Mission and Values serve as essential reminders about who we are and how we do business. WSFS is an equal-opportunity employer. We do not discriminate based on race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. -#LI-Remote -

Keywords: WSFS Bank, Wilmington , CLO Relationship Manager II, Executive , Wilmington, Delaware

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