Senior Associate, Loans/CLO/Funds - BNY

Senior Associate, Loans/CLO/Funds

BNY Manchester, United Kingdom

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Posted: 1 day ago | Hybrid Job | Permanent | Competitive

We\’re seeking a future team member for the role of Senior Associate to join our Corporate Trust, Client Service team. This role is located in Manchester, UK and will be working in a hybrid capacity (3 days a week in the office).

In this role, you\’ll make an impact in the following ways:

• Day to day oversight of the assigned portfolios to ensure high Client Experience Levels and support multiple, complex client accounts.
• Transaction Management: Cash & Trade (Loans, Bonds etc) Management Oversight – ability to engage with Clients to ensure timely execution, Report Review and preparation on Portfolio\’s Performance, Monitoring of Service Level.
• Work with external clients to resolve complex day-to-day issues and direct them to appropriate resources at BNY. The one of primary responsibility is the management of a portfolio of loans in which BNY act as facility agent and/or security trustee. The Senior Associate will quickly address and resolve problems, possess strong decision-making and organizational skills.
• Collaboration: Continuous dialogue and open communication with Lead Manager and Group Manager on status of work being completed by supporting teams.
• Leads and participates in internal activities and initiatives designed to improve the client experience. Helps develop process improvements.
• Preparing and distributing notices to Client and each syndicate lender as required by the Credit Facility, including Reminders, Rollovers & Rate sets.
• Calculating interest rates for each accrual period and distributing rate set notices.
• Track and pay multiple lenders in a single interest period removing Lender of Record claims.
• Billing and collecting principal, interest, and fee payments from Client. Distributing all funds collected to the syndicate lenders.
• Collecting of financial statements and compliance requirements from Client as required by the Credit Facility, forwarding such information to each syndicate lender in accordance with the Credit Facility.
• Processing lender assignments and maintaining the official lender register.
• Full capability to support official Alternative Reference Rates in accordance with published conventions.
• Employee Development: Key role in training of support team on Client and deal specific requirements.
• Develop strong working relationships with Front Office Relationship Managers.
• Identify and resolve issues while serving as a high-level escalation point for complex situations and ensure that they are brought to a successful resolution.
• Resolves complex or non-routine client issues or inquiries, as needed.
• Central point of contact for business development and assume client onboarding and/or risk management responsibilities.

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

• Experience in Corporate Trust or related in financial markets/securities industry (with specific experience in the role of facility/security agent).
• Strong Client Management Experience and Ability to review deal governing documents.
• Experience in Loans (syndicated, bi-lateral, real estate) very desirable.
• Solid understanding of the product(s) administered by the group and thorough understanding of risk management and control practices.
• To proactively monitor and manage the activities performed within our business partners outside of Ireland.
• Effective interpersonal, oral and written communication skills.
• Excellent analytical, organisational and time management skills with the ability to meet tight deadlines.
• Problem solving skills, judgement, and experience to analyze information.
• Proficiency in using Microsoft packages particularly Excel.

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.

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

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