Risk Compliance Officer
The HIRD
2 - 5 years
Bengaluru
Posted: 19/02/2026
Job Description
Experience- 2 to 7 yrs
Location- Bangalore
Shift Timing- US Shift
Keywords- Investment compliance, Portfolio Monitoring, Indenture, CLO, Trustee, Waterfalls review, Post-trade compliance, Securitization
I often come across a few different CLO waterfall sequences and wanted to understand their impact better.
For interest, I usually see two variations:
1. Interest Deferred Interest IC/OC Tests
2. Interest IC/OC Tests Deferred Interest
For principal, there are typically three variations:
1. Interest Deferred Interest IC/OC Tests
2. Interest IC/OC Tests Deferred Interest
3. All IC/OC Tests Interest Deferred Interest
Even though the differences look small, the order can change how quickly tests trigger, how deferred interest builds or gets cured, and how cash gets redirected across tranches.
Im interested in understanding how these waterfall patterns affect deal behavior and noteholder outcomes.
If youve seen these structures in practice, Id love to hear your thoughts on the differences they create.
hashtag#CLO
Interested Candidates please contact
Email- ritika.knotify@gmail.com
Contact-6388628031
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