What are the responsibilities and job description for the Senior Associate, Syndicated Loan Administrator position at BNY?
Job Description
Note: This is a pipeline requisition and does not represent any one particular job opening. By applying to this pipeline requisition, your interest will be reviewed for multiple potential Syndicated Loan Trading Administrator openings based upon your background and disclosed work preference.
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000 employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what is all about.
We’re seeking a future team member for the role of Syndicated Loan Administrator to join our Corporate Trust Operations team. This role would be located in Houston, TX, Pittsburgh, PA, and Lake Mary, FL, and will work a Hybrid schedule (3 days per week in-office required).
In this role, you’ll make an impact in the following ways:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
Note: This is a pipeline requisition and does not represent any one particular job opening. By applying to this pipeline requisition, your interest will be reviewed for multiple potential Syndicated Loan Trading Administrator openings based upon your background and disclosed work preference.
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000 employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what is all about.
We’re seeking a future team member for the role of Syndicated Loan Administrator to join our Corporate Trust Operations team. This role would be located in Houston, TX, Pittsburgh, PA, and Lake Mary, FL, and will work a Hybrid schedule (3 days per week in-office required).
In this role, you’ll make an impact in the following ways:
- Manage the day-to-day servicing needs for a portfolio of syndicated loans.
- Accurately review/analyze documentation and information related to trades and syndicated loans.
- Confirm pertinent data for lender validations to ensure timely processing of loan trades.
- Research and resolve loan related matters, manage complex client inquiries, and identify, investigate, and resolve escalated issues.
- Collaborate with internal teams/external clients to communicate needs and issues, as applicable.
- Verify completion and execution of trade documentation (i.e., trade confirmations, transfer certificates, assignment agreements, etc.) prior to release of funds for purchases.
- Conduct callbacks for new lenders and follow appropriate procedures for trades not received via ClearPar to confirm and authenticate trade and money movement instructions.
- Coordinate and process settlements from purchases and sales, documenting relevant trade and asset information.
- Track purchases, sales, interest accruals, loan positions and proceeds to ensure accuracy.
- Complete audit confirmations, manage position verifications, and research discrepancies.
- May allocate/coordinate work within a team or project and employ subject matter and industry expertise within defined areas.
- Solve complex problems based on knowledge and intricacies related to the loan system.
- Bachelor’s degree or the equivalent combination of education and experience is required.
- 5-7 years of total work experience is preferred.
- Ability to manage multiple tasks and work effectively across groups within the organization.
- 3 years of related experience with Syndicated loans and/or comparable commercial lending experience preferred.
- Experience with loan-based software: Loan IQ and ClearPar strongly preferred.
- Ability to work under limited supervision.
- America’s Most Innovative Companies, Fortune, 2024
- World’s Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
- Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
- “Most Just Companies”, Just Capital and CNBC, 2024
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
- Bloomberg’s Gender Equality Index (GEI), 2023
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
