Specialist, Middle Office II
BNY is seeking an Specialist II to join our Middle Office Bank Loans team. In this role, you will support the operational lifecycle of bank loan transactions, serving as a key point of coordination between internal teams, clients, counterparties, and external agents. The ideal candidate is detail-oriented, client-focused, and able to manage competing priorities in a fast-paced environment.
This position offers the opportunity to develop expertise in loan operations, trade support, settlement processes, and risk controls while contributing to a strong team culture and delivering high-quality service.
Key Responsibilities may include but are not limited to:
- Support the daily processing and oversight of bank loan transactions across the trade lifecycle.
- Review trade capture, allocations, settlements, and funding activity for accuracy and completeness.
- Coordinate with front office, investment managers, custodians, agent banks, and counterparties to resolve trade and settlement exceptions.
- Monitor pending transactions and proactively follow up on breaks, fails, and outstanding items.
- Perform reconciliations and investigate discrepancies related to positions, cash, and loan activity.
- Ensure all activities are completed in accordance with internal controls, operating procedures, and risk management standards.
- Assist with new deal closings, amendments, restructurings, and other lifecycle events as applicable.
- Maintain accurate records and documentation for audit, compliance, and client reporting purposes.
- Contribute to process improvement initiatives that enhance efficiency, control, and client experience.
- Escalate issues appropriately and support timely resolution of operational risks or service concerns.
- Partner with team members and stakeholders to meet service level expectations and business objectives.
Qualifications
- Bachelor's degree in finance, business, economics, or a related field, or equivalent combination of education and experience.
- Relevant experience in financial services, operations, middle office, loan operations, or asset servicing preferred.
- Basic understanding of bank loan products, trade lifecycle, settlements, and operational workflows is preferred.
- Strong analytical and problem-solving skills with close attention to detail.
- Effective written and verbal communication skills.
- Ability to manage multiple priorities in a deadline-driven environment.
- Proficiency in Microsoft Excel and other Microsoft Office applications.
- Strong organizational skills and a proactive approach to issue resolution.
- Ability to work both independently and collaboratively within a team.
Preferred Skills
- Experience supporting syndicated bank loans or alternative investment operations.
- Familiarity with loan processing platforms, reconciliation tools, or custody/settlement systems.
- Understanding of risk and control frameworks within operations.
- Continuous improvement mindset with interest in automation or workflow optimization.
At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.