CLO Trader - Liberty Mutual Investments

The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.

The Company 

Come build on our integrated platform with industry-leading talent, world-class partners, and freedom to innovate.

Liberty Mutual Investments (LMI) is the investment firm for Liberty Mutual Group (Liberty). With deep expertise in fixed income, equity, and alternative strategies, LMI invests more than $100B of long-term capital globally, and has a team of nearly 300 investment, finance, and operations professionals located in Boston, MA, and New York, NY. LMI has a clear purpose: drive economic growth, build enduring businesses side-by-side with our partners, and generate superior risk-adjusted returns that secure Liberty’s promises.

LMI offers the best of both worlds — the look and feel of a boutique investment firm with the reputation and financial strength of a global leader. As the investment firm of a mutual with long-term capital, LMI has a single client mandate. This gives us the freedom to focus on what we do best.

Our portfolio spans a broad spectrum of public and private investments, and we are committed to expanding our capabilities and our toolkit in support of our mission. We invest across diverse asset classes, financial structures, and industries, including real estate, digital infrastructure, healthcare, renewable energy, and technology—with the aim of creating value and powering innovation. We pride ourselves on our extensive network of mutually beneficial partnerships, and we use our substantial influence, capital, and energy to drive towards a better future.

The Position 

We are looking for an experienced CLO Trader who will use their knowledge of CLO structures and capital markets to identify profitable trading opportunities within the CLO capital stack and support execution of the CLO investment strategy. The role will require the candidate to work closely with our Portfolio Manager to source and implement strategic CLO investments and contribute to day-to-day trading and long-term portfolio goals. This role demands a deep understanding of the CLO market, including price dynamics, risk assessment, capital structure analysis and the ability to translate insights into actionable strategies. 

Responsibilities:  

• Investment Sourcing: Utilize capital markets relationships to lead the sourcing of CLO investments in primary and secondary markets across the capital stack that are consistent with portfolio objectives and current strategy.
• Relative Value Trading: Leverage expertise in structured finance and quantitative methods to identify and execute relative value trading opportunities that will add trading-based alpha to the CLO and Structured Products portfolios.
• Strategy Development: Provide market-driven insights to propose specific and actionable recommendations for short and long-term portfolio tilts.
• Investment Analysis: Collaborate with the CLO team to perform deep manager, deal and portfolio analysis on existing and potential investments; in particular, providing insight into how market risks may offset or compound fundamental risks.
• Market Intelligence: Develop and maintain relationships with brokers, CLO issuers and other structured products trading desks to stay current on market activity and trade flows.
• Portfolio Surveillance: As a part of the CLO team, present market updates, portfolio analysis and trade rationales to senior management.
• Grow exposure to other asset classes: The role will also provide the opportunity to grow the candidate’s skillset by providing additional trading support to the Structured Products team for ABS and other structured assets.

• Educational Background: Bachelor’s degree in finance, Economics, or related field; CFA, MBA, or other relevant certifications preferred.
• Experience:
  • 5-8+ years of experience in CLO or structured products trading with a focus on relative value opportunities and credit analysis.
  • Strong background in CLO structures, with cross-sector knowledge in other securitized products such as ABS, RMBS, and CMBS a plus.
• Technical Skills:
  • Expertise in financial modeling and cash flow analysis for structured products.
  • Proficiency in trading platforms and financial data providers (e.g., Bloomberg, Intex, S&P Capital IQ).
  • Advanced Excel skills; experience with programming languages (Python, VBA) is a plus.
• Other Skills:
  • Strong analytical skills, with the ability to identify and act on relative value opportunities.
  • Excellent communication and interpersonal skills, particularly in collaborating with portfolio management teams and articulating trade ideas.

As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful careers. Through strong relationships, comprehensive benefits and continuous learning opportunities, we seek to create an environment where employees can succeed, both professionally and personally.  

At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.  

We are proud to support a diverse, equitable and inclusive workplace, where all employees feel a sense of community, belonging and can do their best work. Our seven Employee Resource Groups (ERGs) offer a centralized, open space to bring employees and allies together to connect, learn and engage.  

We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits 
 
Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law. 
 
Fair Chance Notices 

• California
• Los Angeles Incorporated
• Los Angeles Unincorporated
• Philadelphia
• San Francisco