Vice President - Diligence at Waterfall Asset Management

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Full Time

Start Date

Immediate

Expiry Date

23 Mar, 26

Salary

0.0

Posted On

23 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Diligence, Credit Risk, Financial Analysis, Accounting Principles, Data Analysis, Loan File Testing, Cash Reconciliation, Detail Orientation, Organizational Skills, Collaboration, Communication, Problem Solving, Microsoft Office, Asset Verification, Financial Controls, Structured Finance

Industry

Financial Services

Description

Company Information Waterfall Asset Management, LLC is an SEC-registered alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, real assets, and private equity. Waterfall was founded in 2005 by Tom Capasse and Jack Ross, two individuals who were early leaders of the ABS industry, and who together have over 60 years of proven ABS/Loan credit analysis, trading, banking, and servicing experience. Waterfall seeks to provide its client a compelling risk/return profile which is generally uncorrelated to most traditional investment opportunities. Waterfall is headquartered in New York, with additional offices in London, and Dublin. As of June 1, 2025, Waterfall approximately $13.1 billion in assets under management. Job Description We are seeking a Vice President to join our diligence team, reporting directly to the Chief Risk Officer. This role offers a unique opportunity to play a critical part in evaluating and monitoring our asset-backed lending facilities. You will work closely with deal teams, external diligence providers, custodians, and counterparties, bringing a sharp eye for detail and a solutions-oriented approach to complex financial structures. This position requires 20%-30% travel to conduct onsite diligence and coordinate with external parties. Specific job responsibilities include: Performing file reviews, reconciling general ledger entries and cash activity to bank accounts. Verifying loan file information against external systems (e.g., lien searches, insurance filings, UCC/government registries). Liaising with custodians on asset verification. Reviewing all external AUPs, collateral verification reports, and financial statements. Reviewing NACHA origination files and running targeted checks on loan samples. Conducting borrower call-backs. Analyzing MSR reports and escalating material discrepancies. Coordinating with deal teams to scope and oversee external AUPs performed by third parties. Collaborate across internal teams (deal, risk, operations, compliance) to ensure controls are effective and findings are acted upon. Travel 20%-30% of the time to borrower sites as required. Qualifications and Education Requirements Bachelor’s degree required; advanced degree or professional certifications (CPA, CFA) preferred. 5+ years of relevant experience in internal audit, lender due diligence, credit risk, or structured finance review. Demonstrated familiarity with diligence in the Auto, Card, Unsecured Consumer, and Small Business Loan sectors Hands-on experience conducting loan file testing and cash receipts reconciliation Strong understanding of accounting principles and financial controls. Ability to critically analyze complex datasets and present findings clearly to senior leadership. Highly detail-oriented with strong organizational skills and the ability to manage multiple priorities. Proficiency in Microsoft Office (Excel, Word, PowerPoint); data analytics experience is a plus.

Responsibilities

The Vice President will evaluate and monitor asset-backed lending facilities, working closely with deal teams and external providers. Responsibilities include performing file reviews, verifying loan information, and coordinating with internal teams to ensure effective controls.