Collateralized Loan Obligation Relationship Manager III

Job Description

At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their financial futures, and actively support our Communities so they can fully thrive. Careers with WSFS Bank offer an inclusive and supportive culture, competitive salaries, advancement opportunities, and more. We are the region's locally headquartered bank and wealth management company. We are honored to consistently be named a Top Workplace by our Associates, who make a difference every day for the people, businesses, and Communities we serve. We Stand For Service® is more than part of our name, it’s our mission and our purpose.

The Collateralized Loan Obligation (CLO) Relationship Manager III will be responsible for administering a complex book of existing accounts, onboarding new accounts functions while ensuring compliance with all Bank and Corporate Trust policies and procedures.  The incumbent will be a subject matter expert for a variety of processes, products and services including closing new transactions, managing complex accounts, client interface, and overseeing debt service payments, reporting, waterfalls and compliance collection. The Relationship Manager III will work closely with other Relationship Manager’s, analysts, administrators, support areas, and external clients.

Job Responsibilities:

• Work with CLO analysts and CLO operations to ensure 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.
• Provide timely responses to internal and external inquiries.
• Maintain client relationships.
• Assist with onboarding new transactions.         
• Liaise with operations, compliance, managers, investors, underwriters, auditors, CLO managers, management and vendors.
• Responsible for attending industry events.

Minimum Qualifications:

• Bachelor degree – preferably in finance or accounting.
• At least 5 years of corporate trust or financial services experience – preferably at CLO Manager, CLO Trustee or Loan Agent.
• Must have experience reviewing, commenting on and interpreting complex legal documents.
• Must have experience with Solvas/CDO Suite and SEI.
• Must have advanced Microsoft Excel and Access skills.
• Must have strong written and oral communication skills.
• Must have general knowledge of regulatory rules that apply to communication with customers.
• Must have strong analytical skills with the ability to organize workflow and high attention to detail.
• Must have the ability to work independently, as a part of a team and to exercise sound judgment.
• Must have the ability to write reports, memorandums, business correspondence and draft procedure manuals.
• Must have the ability to effectively present information and respond to questions from managers, investors, underwriters, auditors, CLO managers, and others clearly and concisely.
• Must have advanced Excel skills, and will be required to become skilled with all applications used by WSFS, FSB.

WSFS Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the WSFS Bank Careers website or submission process, please contact us via email at

WSFS is an equal opportunity employer. We do not discriminate based upon 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.