Bank Loans Operations Senior Associate

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Date: Jul 27, 2022

Location: New York, NY, US

Company: New York Life Insurance Co

 

 

When you join New York Life Investments, a wholly owned subsidiary of New York Life Insurance Company, you are joining a global investment company with a long history and passion for career development, innovation, collaboration, and diversity, equity and inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

 

As a top 25 global asset management firm with more than $600 billion in assets under management, we have an important mission: to help build a better financial future for our clients, our employees, and our communities. We invite you to bring your talents to New York Life Investments, so we can continue to help people achieve their financial aspirations. To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 

 

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 Trustees. This is a HYBRID opportunity.

 

Description of Responsibilities:

  • Process and maintain leverage loan assets security master/transactions in Wall Street Office
  • Analyze and solve discrepancies between agent/trustee/internal system records
  • Daily cash/positions/trades reconciliation between internal systems and Trustees
  • Monthly CLO Investors report reconciliation including data, ratings and compliance reports
  • CLO warehouse closing process including borrowings, pre/post 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.

 

Qualifications:

 

#LI-HYBRID

#LI-MK1

Job Requisition ID: 86964

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. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 

 

 

 

 

 


Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

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