Overview:
Marathon Asset Management is a leading global asset manager specializing in public and private credit with ~$24 billion in assets under management. Marathon is recognized as a distinguished leader with 27+ years of exceptional performance and partnership. Marathon’s integrated global credit platform is driven by our specialized, highly experienced, and disciplined teams across Private Credit: Direct Lending, Asset Based Lending and Opportunistic Credit and Public Credit: High Yield, Leveraged Loans & CLOs, Emerging Markets, and Structured Credit. Marathon’s mission is to build lasting partnerships with an unwavering commitment to delivering best-in-class performance, service, and reliability on behalf of our clients.
This Global trade role supports the day-to-day business-as-usual (BAU) processes and reporting within the firm\'s Structured Credit Fixed Income operations function. The successful candidate will be responsible for the daily reconciliation of cash, position and trading activity; daily and monthly P&L reporting along with month end NAV process, and ongoing liaison with internal trading desks, prime brokers, and external counterparties. The position operates in a fast-paced, high-volume environment and requires strong attention to detail, clear communication skills, a reconciliation mindset and a proactive approach to resolving discrepancies. A familiarity &/or foundational knowledge of fixed income markets, with a focus on structured securities (ABS/CMBS/CRE/Aviation).
Responsibilities: Trade Lifecycle & Settlement
Capture, validate, and confirm trades across structured credit (CLOs, ABS, CDOs), CRE loans, aviation finance, and shipping finance products
Manage the full trade lifecycle from execution through settlement, ensuring accurate and timely booking
Resolve trade breaks, settlement fails, and discrepancies with counterparties, custodians, and internal desks
Reconciliation & Controls
Perform daily position, cash, and P&L reconciliations between front office, middle office, and accounting systems
Investigate and escalate breaks, unmatched trades, and aged items
Ensure adherence to internal controls, regulatory requirements, and audit standards
Product-Specific Support
Support complex structured credit workflows including waterfall payments, paydowns, factor updates, and cashflow processing
Handle bespoke documentation and settlement nuances for illiquid assets (CRE loans, aircraft, vessels)
Track collateral, amortization schedules, and periodic interest/principal payments
Counterparty & Stakeholder Management
Act as liaison between trading desks, sales, operations, legal, and external counterparties/agents
Coordinate with custodians, administrators, trustees, and paying agents
Manage onboarding of new counterparties and accounts (KYC/documentation coordination)
Data, Reporting & Static
Maintain accurate static data, reference data, and security setups for new and existing instruments
Produce daily/periodic reporting on positions, exposures, settlements, and exceptions
Support month-end close, valuations, and inputs to risk and finance functions
Process Improvement & Projects
Identify and implement process efficiencies and automation opportunities
Support system enhancements, UAT, and onboarding of new products or asset classes
Contribute to regulatory and control-related initiatives
Qualifications: Experience & Background
2–6 years of trade support, middle office, or operations experience within an investment bank, asset manager, or hedge fund
Direct exposure to fixed income products; experience with structured credit (CLOs, ABS, CDOs) and/or loan-based products (CRE, aviation, shipping finance) strongly preferred
Understanding of the full trade lifecycle, settlement processes, and reconciliation
Technical & Product Skills
Knowledge of structured credit mechanics (waterfalls, paydowns, factors, cashflows)
Strong Excel skills (pivot tables, lookups, large data sets); VBA, SQL, or Python a plus
Experience with relevant platforms — e.g., DTC, Euroclear, trade capture and order management systems, Bloomberg, and reconciliation tools (e.g., TLM, Duco)
Core Competencies: Strong attention to detail and accuracy under tight settlement deadlines
Effective problem-solving and break/fail resolution skills
Clear communication and ability to liaise with trading desks, counterparties, custodians, and agents
Ability to manage multiple priorities in a fast-paced environment
The average salary for this role is $150,000 - $185,000 in base pay and is exclusive of any bonuses or benefits. The base pay offered will be determined based on your experience, location, skills, training, certifications and education, and in addition we will also consider internal equity and market data. We do not anticipate that candidates hired will begin at the top of the range however, from time to time, it may occur on a case-by-case basis.
No agencies please.
Equal Opportunity Employer M/F/D/V