What are the responsibilities and job description for the Assistant General Counsel (CLO Focused) position at Octagon Credit Investors?
Employer Summary :
Octagon Credit Investors, LLC is a 25-year-old, $34B investment adviser focused on leveraged loan, high yield bond, and structured credit (CLO debt and equity) investments. Through fundamental credit analysis and active portfolio management, Octagon's investment team identifies attractive relative value opportunities across below-investment grade asset classes, sectors, and issuers. Octagon’s investment philosophy and methodology encourage and rely upon dynamic internal communication to manage portfolio risk. Over its history, the firm has applied a disciplined, repeatable, and scalable approach in its effort to generate attractive risk-adjusted returns for its investors.
The firm was founded in 1994 as a separate business unit of Chemical Bank and in 1999, Octagon spun out from Chase Manhattan Bank. Octagon honors its heritage through its company name and logo, both of which are derived from Chase Manhattan's emblem. Located in New York, the firm currently comprises approximately 90 employees, many of whom have spent their entire professional careers at Octagon.
Octagon believes that providing a challenging and rewarding career, combined with a supportive work environment, incents employees to remain at the firm. Significant employee ownership and low employee turnover also underscore our culture of partnership, teamwork, and dedication to preserving investor capital across all our funds / accounts under management.
Position Summary :
The Assistant General Counsel is responsible for working on a wide variety of matters, with a focus on Octagon’s CLO platform. In addition to strong structuring, negotiating, contract interpretation and other core legal skills, the ideal candidate will have an understanding of CLOs, the investment management business, relevant regulatory framework, credit markets, and restructuring matters.
We are looking for a junior to mid-level attorney who is curious, eager to learn, excited to contribute and take initiative, and help add value to the team. The Assistant General Counsel will take on an integral role in helping to manage and contribute to Octagon’s growth strategy.
Essential Duties and Responsibilities :
- Provide legal advice to the firm’s asset management business and work closely with Portfolio Managers, Analysts, Traders, Compliance, Operations and Business Development
- Assist with the structuring and negotiation of a variety of transactions, including CLOs, commingled funds, and separately managed accounts
- Proactively take on ad hoc projects and provide support for new business initiatives, as needed
Areas of Knowledge, Skills, and Abilities / Qualifications :
Potential Compensation and Benefits Offerings :
Octagon Credit Investors is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including gender, gender identity, sexual orientation, or pregnancy), marital status, national origin, disability, age, or veteran status.
Please note that Octagon does not sponsor work visas or immigration-related employment benefits. We encourage all individual applications; please, no recruiters or agencies.
Salary : $34
