European CLO Team – Aegon Asset Management
Location: London | Model: Hybrid (3 days in office)
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About Us
Aegon Asset Management is home to one of Europe’s longest-established CLO platforms. Since 2003, we’ve issued CLOs under the North Westerly brand and today we manage €2.4bn across six CLOs – with strong growth plans ahead.
For a finance / accountancy graduate, this is an exceptional opportunity to join a market leading team working at the intersection of leveraged finance, structured credit, and portfolio management.
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The Role
As a Portfolio Administrator , you’ll sit at the core of our CLO platform and support the smooth running of our portfolios day to day. You’ll work closely with portfolio managers, research analysts, and external partners, gaining hands on exposure to leveraged loans, structured credit, loan documentation, loan trading, as well as the full CLO lifecycle.
This role provides:
Hands on experience with leveraged loans and CLO structures
Daily interaction with trading, research, and operations
A steep learning curve and strong foundation for future roles in credit, operations, portfolio management, or structured finance
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What You’ll Do
Reconcile loan positions and metrics with CLO Trustees
Investigate and resolve discrepancies using a structured, analytical approach
Monitor corporate actions and Euroclear voting events
2. Cash & Trade Flow Oversight
Forecast upcoming cashflows based on settlement expectations
Track trade settlements and liaise with counterparties to resolve delays
3. Trade Support & Execution
Allocate primary and secondary loan trades in Clear Par
Assist in the middle office workflow for bond trades
Review trade documentation and confirm settlement compensation
Ensure all trade activity is accurately reflected in Centras
4. Monthly CLO Reporting
Review draft Trustee reports for accuracy in portfolio holdings and test results
Reconcile par values and collateral quality metrics
Work with Trustees to correct any reporting issues
5. CLO Formation & Governance
Liaise with CLO Directors and reporting accountants to ensure preparation of timely and complete CLO documentation, accounts and returns
Oversee funding process for CLO warehouses
Assist in CLO closing and settlement
6. Operational & Process Improvements
Identify inefficiencies and propose workflow enhancements
Contribute to automation, data quality, and risk reduction projects
Who We’re Looking For
Interested in credit, leveraged finance, structured credit, or portfolio analytics
Detail oriented with strong organisational skills
Comfortable working with numbers and financial data
Analytical thinkers with a problem solving mindset
Clear communicators who enjoy collaborating with others
Proficient in Excel and eager to learn financial systems
Prior loan operations or CLO experience is helpful but not required — a strong interest in financial markets and a willingness to learn are what matter most.
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Why this role Is great for Graduates interested in a career in finance
Deep technical learning across loans, CLOs, and credit risk
Direct exposure to portfolio managers, traders, and analysts
A blend of analytics, operations, and market interaction
Clear growth paths into credit research, portfolio management, operations leadership, or structured credit
Real responsibility early on , with your work directly impacting active CLO portfolios
Unsuccessful candidates will be notified by email.
The personal data provided here is collected and processed as part of the placement application process and is handled in line with the privacy statement.
At Aegon Asset Management, we are committed to fostering a diverse workforce and an inclusive culture. We are more than a global Asset Management firm – we are a people business, and we recognize that delivering excellent client outcomes comes from embracing diverse perspectives. We value diversity in the full range of human uniqueness without limitation including race, gender, ability, language, culture, beliefs, age, origin, background, perspectives and experiences. We are proud to be a Disability Confident Committed Employer in the UK. We will welcome a conversation with you if you feel you might benefit from any reasonable adjustments to perform to the best of your ability during the recruitment process and beyond.
