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Wilmington Trust · 1 day ago

GCM Unit Manager IV - Private Debt & CLO

United States

Full-time

Remote

Senior Level, Lead/Staff

$140K/yr - $233K/yr

10+ years exp

Wilmington Trust is part of the Loan Market Solutions Division, providing trustee and custodian services to loan asset managers. The GCM Unit Manager IV will be responsible for managing client relationships, collaborating with various teams, and ensuring compliance with portfolio requirements.

Financial ServicesWealth Management

Responsibilities

Continuous reassessment and evaluation of processes is engrained in the team’s DNA. We take a collaborative approach to identifying, assessing, developing, and implementing solutions across the platform. Additionally, we anticipate special projects and initiatives to be a regular occurrence for team members to participate in

Responsible for acting as single point of contact for key client relationships

Collaborate with operations and analytics teams to meet client objectives and deliverables

Collaborate with Business Development/Sales to secure new client mandates

Ability to interpret CLO indentures, credit agreements and various other structured finance documentation

Responsible for managing client onboarding including account opening process, KYC procedures and documentation review

Ability to calculate and verify compliance testing and waterfall calculations

Perform and interpret hypothetical trade testing

Perform monthly and quarterly reconciliations for required reporting including CLOs, SMAs and Borrowing Base Facilities

Liaise with auditors, underwriters, CLO managers, investors, private debt managers and various other parties involved

Exposure across entire lifecycle of servicing loan clients including account setup, KYC procedures, global asset setup & maintenance, notice processing, warehouse reporting, CLO / Compliance Reporting & waterfall payments

Understanding and adhering to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management

Promoting an environment that supports diversity and reflects the M&T Bank brand

Maintaining M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable

Completing other related duties as assigned

Qualification

Client relationship managementCLO documentation interpretationCompliance testing calculationsAdvanced Microsoft OfficeLoan product familiarityAnalytical skillsProblem-solving skillsWritten communication skillsVerbal communication skillsOrganizational skillsTeam collaboration

Required

Combined minimum of 10 years higher education and/or work experience

Advanced Microsoft Office Skills

Strong analytical and problem-solving skills

Excellent written and verbal communication skills for both an internal and external audience

Ability to thrive in an entrepreneurial, fast-paced growth environment

Ability to work independently and collaboratively across the organization

Preferred

Bachelor's degree focused on Finance, Business, Economics or Accounting and a minimum of 10+ years' relevant work experience with direct client contact

Exceptional organizational skills with an attention to detail

Excellent interpersonal and analytical skills with a strong balance of qualitative and quantitative skills

Demonstrated ability to work as part of a team, as well as contribute on an individual basis

Familiarity with various loan products – Bi-Lateral ABL Facilities, SMAs, Private Funds, MM & BSL CLOs, Business Development Companies

Professional work experience at CLO Trustee, Loan Agent/Bank, Middle Office Provider or CLO Manager

System / Application experience - Clearpar, Solvas/CDO Suite, SEI, Wall Street Office, LoanIQ