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Senior Vice President or Managing Director, Asset Backed Finance

Oaktree Capital Group, LLC
New York, NY
Full-time

Our Company

Oaktree is a leader among global investment managers specializing in alternative investments, with $193 billion in assets under management.

The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities.

The firm has over 1,200 employees and offices in 22 cities worldwide.

We are committed to cultivating an environment that is collaborative, curious, inclusive and honors diversity of thought.

Providing training and career development opportunities and emphasizing strong support for our local communities through philanthropic initiatives are essential to our culture.

For additional information please visit our website at www.oaktreecapital.com.

The Oaktree ABF Strategy

Oaktree Asset Backed Finance ("ABF") is a recently formed strategy which invests in pools of contractual assets, or "assets", such as loans, leases, receivables, mortgages and licensing agreements, which may or may not reference property or other hard assets.

Asset categories include corporate, consumer, real estate, transportation, equipment, infrastructure, energy, intellectual property and other esoteric types.

On behalf of ABF funds and clients, Oaktree

  • Purchases, or commits to purchase, assets, with or without leverage
  • Lends, or commits to lend, secured by assets, in a senior or mezzanine position
  • Insures, or provides capital relief against, assets
  • Provides essential capital to a business primarily engaged in the origination and servicing of assets

While Oaktree has significant experience successfully investing client capital in ABF opportunities as a sub-allocation to existing funds, Oaktree ABF represents Oaktree's first client offering dedicated to ABF.

Based on the expanding ABF opportunity set and client demand, Oaktree ABF is expected to grow significantly. Oaktree judges the ABF Strategy's success and value by outcomes delivered to clients, consistent with or exceeding expectations, over the medium and long term.

Overview of Role & Qualifications

Oaktree seeks an experienced ABF investor to lead all phases of the private ABF investment process, supervising more junior analysts and to serve as a subject matter expert in a number of ABF verticals and competencies.

Oaktree sources ABF opportunities from a variety of internal and external channels, which the candidate will augment with their own sourcing efforts.

The individual will be responsible for the following :

  • Follow up on introductions and inquiries of potential relevance to the ABF strategy.
  • Supervise and assist more junior ABF analysts as they collect, evaluate, organize and summarize the initial information which accompanies an ABF opportunity such as teasers, pitch decks, meetings or emails.
  • Lead calls, virtual and in-person meetings with asset originators, borrowers, sellers and their respective advisors, exposing key risks and opportunities.
  • For those opportunities determined to be potentially attractive for Oaktree funds and clients, the candidate will lead diligence, negotiation of terms and documentation, building models and preparing investment memoranda for consideration by the ABF investment committee.
  • Learn and understand Oaktree's various pools of capital available for ABF investments, including the constraints imposed by fund investment guidelines, capital considerations, regulators and Oaktree's internal policies and procedures.
  • Present information about investments, both actual and considered, to partners such as clients, prospects, financing providers and co-investors.
  • Supervise more junior analysts in the monitoring, surveillance and valuation of existing investments.
  • Partner with various Oaktree colleagues to arrange financing or issue securitizations.

Experience Required

  • 10+ years' experience originating, negotiating, analyzing and structuring private asset backed investments for an investment manager, specialty lender or investment bank, across multiple collateral types.
  • Command of fixed income fundamentals and deep understanding of the risks, mitigants and attributes of various contractual asset types.
  • Experience supervising more junior analysts.
  • Expertise in financial agreements which govern private asset backed investments.
  • Some experience leading rating agency process for securitizations and familiarity with rating agency criteria for broad range of collateral types

Personal Attributes

  • Clever, curious, resourceful, enjoys solving problems
  • Driven, productive, responsible
  • Focused on consistency, avoiding bad outcomes and long-term results for clients, Oaktree and the Oaktree ABF strategy
  • Team oriented, high integrity, friendly, empathetic, outgoing
  • Professional, sophisticated communicator in a variety of formats
  • Effective teacher

Education

Bachelor's Degree from a top university

Base Salary Range

$250,000 - $275,000

In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives, a comprehensive benefits package and a flexible work arrangement.

The base salary offered will be commensurate with experience and / or qualifications, industry knowledge and expertise, as well as prior training and education.

Equal Opportunity Employment Policy

Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances.

This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment.

This policy applies to all Oaktree applicants, employees, clients, and contractors. Staff members wishing to report violations or suspected violations of this policy should contact the head of their department or Human Resources.

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