Associate, Syndicated Loan Trading Administrator II

Associate, Syndicated Loan Trading Administrator II

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the centre 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 #LifeAtBNY is all about.

We welcome you to apply! When applying to this general posting, our expert BNY Talent Acquisition Team may also review your resume for consideration across other open roles within the company.

We're seeking future team members for our Loans Administration Services team with roles located in Pittsburgh, PA in Hybrid positions.

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.

• Responsible for accurately reviewing, researching, and analyzing, documentation and data related to trades.

• Confirm pertinent information for lender validations to ensure timely processing of loan trades.

• Research and resolve loan related issues, handle complex client inquiries and requests, identify, investigate and resolve escalated and/or complex problem loans.

• Collaborate with tax, closing and servicing teams as necessary.

• Verify completion and execution of trade documentation (i.e. trade confirmations, transfer certificates, assignment agreements etc.) prior to release of funds for purchases.

• Conduct call-backs for new lenders and follow appropriate procedures for trades not received via ClearPar to confirm and authenticate trade and money movement instructions.

• Verify ownership of existing loan positions prior to execution of sale transactions

• Record, coordinate and process all settlements from purchases and sales, recording relevant trade and asset information.

• Track purchase/sale price, accrued interest, loan positions, proceeds, etc.

• Complete audit confirmations, manage position verifications, and research/resolve discrepancies as needed.

• Manage complex external client issues (on-going client servicing for various loan structures, resolving operational issues, and technology implementations)

• Assist in communicating needs and issues with internal and external clients.

• Use in-depth area knowledge to apply ingenuity and creativity to problems and determines more permanent resolutions.

• May allocate/coordinate work within a team/project, and employ subject matter and industry expertise within defined area (s)

• Solve complex problems based on an understanding and knowledge of the intricacies of the loan system.

• Provide technical assistance and operational support to junior level client processing roles.

To be successful in this role, we're seeking the following:

• High school/secondary school or the equivalent combination of education and experience is required. Bachelor's degree preferred. 

• 5 years of total work experience is preferred.

• Ability to manage multiple tasks and work effectively across groups within the organization.

• 2-3 years of directly related experience with Syndicated loans and/or comparable commercial lending experience.

• Experience with loan-based software: Loan IQ and ClearPar strongly preferred.

• Ability to lead, provide guidance and work under limited supervision.

At BNY, our culture speaks for itself. Here's a few of our awards:

• 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

Our Benefits and Rewards:

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.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.

Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.