Bank Loans Operations, Associate

Location Designation: Hybrid - 3 days per week Role Overview:The Bank Loans Operations Associate is responsible for administration of leverage loan assets in multiple systems as well as the reconciliation of records between the Trustee, agent and internal systems. The associate also does the reporting of CLO ( collateralized loan obligation ) compliance, data and cash reconciliation. This role requires frequent interaction with the trading desk, high yield analyst, agents and TrusteesWhat You'll Do: Process and maintain leverage loan assets security mastertransactions in Wall Street Office Analyze and solve discrepancies between agenttrusteeinternal system records Daily cashpositionstrades reconciliation between internal systems and Trustees Monthly CLO Investors report reconciliation including data, ratings and compliance reports CLO warehouse closing process including borrowings, prepost closing reconciliations and tie outs. Liaising with the Traders, analysts, and Trustees on all bank loan operations matters Actively participate in group and departmental projects and upgrades. Stay apprised of industry regulations and initiatives. Assist with testing plans and document results.What You'll Bring: BABS in Business Administration with Finance concentration preferred 2 - 3 years of Middle OfficeOperations Trust Services experience is required Leverage loansCLO experience preferred Excellent oral and written communication skills High competence level with Microsoft Office tools required Strong Technical and Analytical skills required Proficient at systems specification, testing, and implementation Experience with BlackRock's Aladdin and Wall Street Office is a plus#LI-AM1#hybridPay TransparencySalary Range: $80,000-$95,000 Overtime eligible: Exempt Discretionary bonus eligible: Yes Sales bonus eligible: No Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.Our BenefitsWe provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.Our Diversity PromiseWe believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of Requisition ID: 91352About NY Life Insurance CompanyDiversity & Humanity-two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. At New York Life you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth. The strength of New York Life revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance, and we want you to be a part of our legacy.As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of a diverse team guided by our belief to always be there for each other-providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.You are our future, and we commit to investing in you accordingly.Visit our Linkedin to see how our employees and agents are leading the industry and impacting communities.Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.Required Legal Notices - All Candidates Please Click Here

Created: 2025-02-15