Associate, Research, CLO

Who We Are

At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.

We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

About the role

Corebridge Financial Private Credit Group (“PCG”) invests across several asset classes, including Corporate Privates (“CP”), Infrastructure, Structured Credit (Asset Backed Securities and Collateralized Loan Obligations) and Direct Lending.

This position reports to a Managing Director, SVP or VP on the Structured Credit team and will work closely with other team members, as well as external placement agents, issuers, and lawyers.
 

The posted Investment Associate position is for an investment professional covering CLOs on the Structured Credit team. The analyst will be exposed to all aspects of the underwriting process and given the opportunity to develop fundamental fixed income investment skills. The main objective of PCG is to add value to our internal Corebridge Financial subsidiary clients and external clients by effectively managing a portion of their capital. Specifically, the position will entail working with other CLO team members on the Structured Credit team to:

• Make investment recommendations and manage existing CLO holdings across the US, European, and PC/MM CLO markets.
• Assist with internal reporting (e.g. quarterly OTTI and surveillance, monthly pricing) and special projects as assigned, ongoing development of the team’s analytics
   

Responsibilities

• Supporting senior team members with transaction due diligence, specifically focusing on assessing collateral portfolios, transaction structure, legal documentation, and collateral manager performance; serve as primary contact with arranging banks for transaction diligence and communication about pipelines and other flows. 
• Presenting investment opportunities to team investment committee
• Preparing weekly market commentaries that summarize key market trends across credit, securitized, and broader markets; generate relative value snapshots
• Generating quarterly OTTI and surveillance reporting including documenting assumptions, running models and submitting memos and results
• Creating and maintaining CLO research database; efficiently process and summarize large sets of data for performance and risk exposure reports

Skills and Qualifications

• 2+ years of relevant experience
• Bachelor’s degree from an accredited institution
• Effective written and oral communication skills
• Proactive team player with intellectual curiosity and a positive attitude
• Ability to take direction, take ownership of tasks and responsibilities and meet deadlines
• High ethical standards, good judgment and flexibility in achieving goals
• Proficient in Excel; computer programming skills, understanding of cash flow modeling (Intex), rating agency methodology are preferred.

Compensation

The anticipated salary range for this position is $115,000 - $130,000 at the commencement of employment.  Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications. In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan. Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.

Work Location

This position is based in Corebridge Financial’s New York, NY office.

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Why Corebridge?

At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.

Benefit Offerings Include:

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location.  In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity Employer

Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives.

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs.  If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com.  Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.

We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com

Functional Area:

IN - Investment

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

Corebridge Institutional Investments (U.S.), LLC