Employer Summary:
Octagon Credit Investors, LLC is a 25-year-old, $34B+ investment adviser focused on leveraged loan, high yield bond, and structured credit (CLO debt and equity) investments. Through fundamental credit analysis and active portfolio management, Octagon's investment team identifies attractive relative value opportunities across below-investment grade asset classes, sectors, and issuers. Octagon’s investment philosophy and methodology encourage and rely upon dynamic internal communication to manage portfolio risk. Over its history, the firm has applied a disciplined, repeatable, and scalable approach in its effort to generate attractive risk-adjusted returns for its investors.
The firm was founded in 1994 as a separate business unit of Chemical Bank and in 1999, Octagon spun out from Chase Manhattan Bank. Octagon honors its heritage through its company name and logo, both of which are derived from Chase Manhattan's emblem. Located in New York, the firm currently comprises approximately 90 employees, many of whom have spent their entire professional careers at Octagon.
Octagon believes that providing a challenging and rewarding career, combined with a supportive work environment, incents employees to remain at the firm. Significant employee ownership and low employee turnover also underscore our culture of partnership, teamwork, and dedication to preserving investor capital across all our funds/accounts under management.
Position Summary:
The Assistant General Counsel is responsible for working on a wide variety of matters, with a focus on Octagon’s CLO platform. In addition to strong structuring, negotiating, contract interpretation and other core legal skills, the ideal candidate will have an understanding of CLOs, the investment management business, relevant regulatory framework, credit markets, and restructuring matters.
We are looking for a junior to mid-level attorney who is curious, eager to learn, excited to contribute and take initiative, and help add value to the team. The Assistant General Counsel will take on an integral role in helping to manage and contribute to Octagon’s growth strategy.
Essential Duties and Responsibilities:
- Provide legal advice to the firm’s asset management business and work closely with Portfolio Managers, Analysts, Traders, Compliance, Operations and Business Development
- Assist with the structuring and negotiation of a variety of transactions, including CLOs, commingled funds, and separately managed accounts
- Proactively take on ad hoc projects and provide support for new business initiatives, as needed
Areas of Knowledge, Skills, and Abilities/Qualifications:
- Juris Doctor with NYS Bar Admission
- 2-5 years of practical experience at a top law firm or SEC-registered investment adviser
- Strong understanding of CLOs, warehouse financing arrangements, and related matters
- Familiarity with credit and financing arrangements, including loan origination, secondary trading, and restructuring matters
- Knowledge of Investment Advisers Act requirements and related rules
- Excellent written and oral communication skills, strong analytical skills, and exemplary attention to detail
- Comfortability interacting with all teams (including senior management) across the firm and affiliated organizations, and with Octagon clients
- Highly motivated, proactive team player with a positive attitude
- Ability to multi-task, be proactive, work independently, and work effectively under pressure (often under deadlines and changing priorities)
- Outstanding reputation of professional integrity and maturity
Potential Compensation and Benefits Offerings:
- Competitive salary and eligibility for year-end performance-based bonus
- Medical, dental, vision, life, and disability insurance
- Commuter benefits
- 401(k) matching program
- Employee Assistance Program (“EAP”)
- Professional designation and licensure assistance
- Family support and leaves of absence