Senior Specialist, Alternative Funds Lending

BNY Mellon • New York, NY

3d • $70,000 - $120,000

About The Position

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. We’re seeking a future team member for the role of Senior Associate, 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.

Requirements

• Bachelor’s degree in Finance or the equivalent combination of education and experience is required.
• 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.

Nice To Haves

• MBA is preferred.

Responsibilities

• Support senior lenders in evaluating loan commitments primarily to unregulated Funds managed by Financial Sponsors.
• 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.

Benefits

• 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 assesses market data to ensure a competitive compensation package for our employees.
• The base salary for this position is expected to be between $70,000 and $120,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees