Associate Director, ABCP Program Manager

Associate Director, ABCP Program Manager

The Opportunity

Reporting to the Head of Risk, the ABCP Program Manager will be a central member of the risk team, responsible for ensuring program compliance, governance, and operational control across the company’s sponsored Asset-Backed Commercial Paper (ABCP) conduits.

This role is critical to maintaining the integrity of funding requests, liquidity management, transaction approvals, and regulatory reporting. You will work closely with Treasury, Operations, Origination, Program Administrators, and Rating Agencies to ensure that all conduit activities adhere to internal policies and external regulatory requirements.

You will perform independent checks and controls to ensure that Nearwater and its counterparties agree to trade terms, transactions comply with program rules, and all regulatory reporting obligations are met.

What You’ll Do

Lead and manage program administration

• Oversee end-to-end program administration for ABCP conduits, ensuring robust controls and compliance with internal policies and regulatory requirements.
• Review and approve all funding requests prior to commercial paper issuance, including detailed analysis of funding costs, pricing parameters, and liquidity support.
• Approve funds transfers, deposits, ABCP issuances and redemptions, ensuring timely repayment of commercial paper.
• Serve as the central point of contact for Treasury, Operations, Origination, Program Administrators, and Rating Agencies.
• Respond promptly to front office requests for approvals and provide transparent communication of decisions.

Build best-in-class compliance and operational controls

• Ensure all program activities comply with investment criteria, concentration limits, and eligibility requirements.
• Maintain a comprehensive audit trail of compliance reviews, approvals, and communications.
• Prepare monthly surveillance reports, investor reports, quarterly rating agency updates, and EMIR reporting.
• Coordinate with Operations, Legal, and Trading to resolve compliance and transaction-related questions.
• Escalate material compliance issues to senior management, fostering a proactive culture of accountability and risk awareness.
• Identify opportunities to streamline operational workflows, reduce manual effort, and enhance data accuracy and reporting transparency.

What We’re Looking For

• 10 years of operations, middle office, or program administration experience at a fund, global bank, or other major financial institution.
• Strong experience in fixed income markets, with direct familiarity with ABCP structures and program administration.
• Deep understanding of regulatory trade reporting, liquidity management, and risk control frameworks.
• Proven ability to manage complex, cross-functional workflows with high attention to detail.
• Strong communication and relationship management skills, capable of interacting credibly with internal and external stakeholders.
• Preferred: Proficiency in Python, SQL, or R for analytics, automation, and dashboard creation.
• Preferred: Master’s degree and/or professional certifications (CFA, FRM, or equivalent).

How You Work

• You are detail-oriented but can operate at a strategic level.
• You bring structure and clarity to complex, ambiguous workflows.
• You collaborate effectively across teams and communicate clearly at all levels.
• You proactively identify risks, compliance gaps, and process improvements.
• You hold yourself and others accountable for accuracy, timeliness, and operational integrity.
• You embrace technology and data-driven tools to enhance oversight and reporting.

What You’ll Get

• Exposure to complex structured finance transactions, regulatory frameworks, and investor relations, providing deep insight into global fixed income markets.
• The opportunity to collaborate closely with Treasury, Operations, Origination, Rating Agencies, and Trading, building a strong cross-functional network.
• Ownership of high-impact projects that directly affect operational risk management, program compliance, and reporting accuracy.
• The ability to implement and refine automated, data-driven tools and dashboards, enhancing visibility, efficiency, and decision-making.
• A fast-paced, intellectually stimulating environment where each day presents new challenges and learning opportunities.
• A visible, accountable role within a growing, ambitious firm where contributions are recognized and decisions are impactful.

Who We Are

Nearwater Capital is a rapidly growing and innovative specialty finance company headquartered in New York City with a global presence and client base. Established in 2017, Nearwater has distinguished itself as a leader in delivering thoughtful, solutions-based financing to some of the largest financial institutions and financial services firms in the world.