Job DescriptionWe're seeking a future team member for the role of Senior Specialist, Alternative Funds Lending to join our Credit Services Institutional Lending team. This role is located in New York, NY.
In this role, you'll make an impact in the following ways:
- Support senior lenders in evaluating loan commitments primarily to unregulated Funds managed by Financial Sponsors. Lending commitments include Capital Call (Subscription Finance) Facilities, as well as other investment fund and general partner-related financing facilities.
- Participate in deal structuring, drafting term sheets, client discussions and reviewing credit documentation.
- Monitor existing credit portfolio; including investor exposure and concentrations, and loan reviews.
- Manage Limited Partner ratings and exposure reports on facilities, assist with ad-hoc reporting related to the portfolio.
- Lead specialty project related to financing facilities and technology enhancements.
To be successful in this role, we're seeking the following:
- Bachelor's degree in Finance or the equivalent combination of education and experience is required. MBA is preferred.
- 3+ years of total work experience, preferably related to Capital Call, Structured Finance; experience in risk analysis.
- Excellent credit analysis and financial modelling skills.
- Experience in reviewing, analyzing and negotiating credit documentation.
- Ability to communicate skillfully and effectively with involved stakeholders.
- Robust analytical thinking, intellectual curiosity, and attentiveness to detail.
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 assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.
Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.