Associate, Syndicated Loan Trading Administrator II

Job Description

Associate, Syndicated Loan Trading Administrator II

Bring your ideas. Make history.

BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.

With over 238 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what is all about.

We’re seeking a future team member for the role of ASSOCIATE, SYNDICATED LOAN TRADING ADMINISTRATOR II to join our CLIENT SERVICE team. This role is located in Pittsburgh, PA 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. 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. 7-10 years of total work experience is preferred. Ability to manage multiple tasks and work effectively across groups within the organization. 3-5 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 Mellon, our inclusive culture speaks for itself. Here’s a few of our awards:

Fortune World’s Most Admired Companies & Top 20 for Diversity and Inclusion Bloomberg’s Gender Equality Index (GEI) Human Rights Campaign Foundation, 100% score Corporate Equality Index Best Places to Work for Disability Inclusion , Disability: IN – 100% score. 100 Best Workplaces for Innovators, Fast Company CDP’s Climate Change ‘A List’

Our Benefits

BNY Mellon 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 that can support you and your family through moments that matter.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

About Us

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

Organization

Global Operations is a client-service-driven organization whose talented and engaged team is dedicated to providing the most competitive services with the highest standards of ethics, quality and efficiency to our clients worldwide.