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Should I accept CDO role?

I have an offer for a role in CDO Compliance working with the portfolio manaegement, is wise to acept this role and hope to move into a better position when the markets recover? or sit tight for now. How transferable are the following the skills to be gained? - CLO compliance (structure) - laising with structing banks, trustee and PM - Asset manager "prestige". I currently work in the financial services producing CDO models (no quantitative!!!)

Asked by jayroc2K

Posted in Switching Sectors and Information Services

08 May 2008

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Answers (3)

  • my current role is not dependent on new CDO as it has a bit of client facing, supporting/building old models for Investor clients. My aim is to move into Asset Management or Investment Management. Am I better of waiting for the market to recover (and hiring) while sitting for the CFA or accept a compliance role hoping that the prestige of the firm will give me the edge!

    jayroc2K 11 May 2008

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  • In this environment, jobs are few and far between. I think there is a greater future for you in CDO compliance than in modelling. There are unlikely to be many new CDOs produced in the next few years so no new models. However, there are lots of existing CDOs that will exist for years to come. A compliance role would put you in a central role that will also give you lots of exposure to other areas. You will be the “hub” in a “hub and spoke” environment. Use your role as a liaison to build contacts and network so that you may have opportunities to move again in a few years.

    former MS at a major US investment bank 09 May 2008

    RECOMMEND Recommended 1 time | Alert Moderator

  • In this environment, jobs are few and far between. I think there is a greater future for you in CDO compliance than in modelling. There are unlikely to be many new CDOs produced in the next few years so no new models. However, there are lots of existing CDOs that will exist for years to come. A compliance role would put you in a central role that will also give you lots of exposure to other areas. You will be the “hub” in a “hub and spoke” environment. Use your role as a liaison to build contacts and network so that you may have opportunities to move again in a few years.

    former MD at a major US investment bank 09 May 2008

    RECOMMEND Recommended 0 times | Alert Moderator

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