Senior CLO Compliance Analyst at FIS: A Deep Dive

Role Overview

Are you a seasoned finance professional with a passion for structured finance and a knack for ensuring compliance? FIS is seeking a Senior CLO Compliance Analyst to join our Virtus team, a leading provider of alternative investment services and technology solutions. In this role, you'll be responsible for the financial modeling, review, and stress-testing of compliance models for collateralized loan obligations (CLOs) and similar transactions. Your expertise will be crucial in ensuring that models are developed, reviewed, and tested in accordance with transaction documents, meeting the highest quality standards.

A Day in the Life

As a Senior CLO Compliance Analyst, your day-to-day activities will be dynamic and challenging. Here's a glimpse of what you can expect:

• Transaction Management: Dive into deal documents, identifying potential inconsistencies and interpretational issues. You'll liaise with deal closing teams, collateral managers, underwriters, and rating agencies to resolve any concerns.
• Model Configuration and Testing: Configure and test models based on the specifications outlined in deal documents, following established methods and standards. You'll perform rigorous stress-testing to ensure the models' robustness.
• Client Communication: Collaborate with Client Services management to ensure data, models, and reports are complete and meet client expectations.
• Ongoing Maintenance and Support: Provide ongoing maintenance and support for models throughout the deal's lifecycle.
• Quality Control: Conduct thorough QC reviews of compliance models, comparing them against transaction documents and stress-testing them to verify results. You'll communicate findings to management and work with modeling analysts to address any defects.
• Process Improvement: Analyze QC review results and use data to continuously improve processes by creating new standards, updating procedures, and communicating with the team.
• Mentorship: Mentor, guide, advise, and check the work of less experienced business systems analysts.

Why Houston, Texas?

While the role is virtual, understanding the Houston location provides context. Houston is a major financial hub with a strong presence of energy companies and financial institutions, including those involved in structured finance. This location allows FIS to tap into a talented pool of finance professionals and maintain close proximity to key clients and industry players.

Career Path

FIS is committed to employee growth and development. The Senior CLO Compliance Analyst role provides a solid foundation for career advancement within the company. Potential career paths include:

• Lead Compliance Analyst: Lead a team of compliance analysts and oversee the quality and accuracy of compliance models.
• Compliance Manager: Manage a team of compliance professionals and oversee the compliance function for a specific line of business.
• Senior Manager, Compliance: Oversee the compliance function for multiple lines of business and develop and implement compliance policies and procedures.
• Director of Analytics: Oversee the development and maintenance of compliance models and analytics tools.

Salary & Benefits

The estimated salary range for this position in Houston, Texas is $95,000 to $145,000 per year. FIS also offers a comprehensive benefits package, including:

• Comprehensive health insurance (medical, dental, and vision)
• Generous paid time off (PTO) and holidays
• 401(k) retirement savings plan with company match
• Employee stock purchase plan (ESPP)
• Life insurance and disability coverage
• Flexible spending accounts (FSAs) and health savings accounts (HSAs)
• Wellness programs and resources
• Employee assistance program (EAP)
• Tuition reimbursement and professional development opportunities
• Commuter benefits
• Employee discount program
• Paid parental leave
• Adoption assistance
• Back-up care for dependents

FIS Culture

FIS is a global leader in financial technology, empowering businesses of all sizes to thrive in today's rapidly changing world. Our culture is built on innovation, collaboration, and a commitment to excellence. We champion diversity to deliver the best products and solutions for our colleagues, clients, and communities. At FIS, you'll have the opportunity to learn, grow, and make a significant impact.

How to Apply

If you're ready to join a dynamic team and contribute to the success of a global fintech leader, we encourage you to apply! Please submit your resume and cover letter through the FIS careers website.

Frequently Asked Questions (FAQ)

1. What is a CLO? A Collateralized Loan Obligation (CLO) is a structured finance product that pools together a portfolio of leveraged loans and repackages them into different tranches with varying levels of risk and return.
2. What is the role of a CLO Compliance Analyst? A CLO Compliance Analyst is responsible for ensuring that CLOs comply with the terms of their indentures, which are legal documents that govern the structure and operation of the CLO.
3. What skills are required for this role? Key skills include structured finance knowledge, financial modeling experience, strong analytical skills, and proficiency in Excel.
4. What is CDO Suite? CDO Suite is a software platform commonly used for the administration and management of CLOs and other structured finance products.
5. What is stress-testing? Stress-testing involves simulating various adverse economic scenarios to assess the potential impact on a CLO's performance and compliance with its indenture.
6. What are the career advancement opportunities at FIS? FIS offers a variety of career paths, including opportunities to move into management roles or specialize in specific areas of compliance or analytics.
7. What is the work environment like at FIS? FIS fosters a collaborative and innovative work environment where employees are encouraged to learn and grow.
8. Does FIS offer training and development opportunities? Yes, FIS is committed to providing employees with ongoing training and development opportunities to enhance their skills and knowledge.
9. What is the interview process like? The interview process typically involves a phone screening, followed by one or more in-person or virtual interviews with members of the team and hiring manager.
10. What is FIS's approach to diversity and inclusion? FIS is committed to creating a diverse and inclusive workplace where all employees feel valued and respected.