Portfolio Administrator Trainee

European CLO Team – Aegon Asset Management

Location: London | Model: Hybrid (3 days in office)

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 solid 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.

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 solid foundation for future roles in credit, operations, portfolio management, or structured finance

What You’ll Do

Portfolio Data & Analytics

• Maintain accurate data in our internal portfolio system (Centras)

• Reconcile loan positions and metrics with CLO Trustees

• Investigate and resolve discrepancies using a structured, analytical approach

• Monitor corporate actions and Euroclear voting events

Cash & Trade Flow Oversight

• Reconcile daily cash balances across systems

• Forecast upcoming cashflows based on settlement expectations

• Track trade settlements and liaise with counterparties to resolve delays

Trade Support & Execution

• Allocate primary and secondary loan trades in ClearPar

• 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

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

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

Operational & Process Improvements

• Identify inefficiencies and propose workflow enhancements

• Contribute to automation, data quality, and risk reduction projects

Who We’re Looking For

This position is particularly well suited for graduates who are:

• Interested in credit, leveraged finance, structured credit, or portfolio analytics

• Detail oriented with high 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 keen interest in financial markets and a willingness to learn are what matter most.

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

Start date: September

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.