Overview
VICE PRESIDENT- PAR/DISTRESSED LOAN CLOSER
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 Vice President to join our Global Loan Operations team. This role is located in Manchester, UK.
Responsibilities
* Raise and manage new trade orders in BNY’s proprietary order-management and trade-workflow platforms, tracking each trade through to settlement
* Oversee the LMA/LSTA par and distressed loan closing process serving as the escalation lead to ensure on-time, accurate closings
* Support complex loan transactions and refinancings alongside our clients
* Analyze and interpret documentation for distressed assets (Credit Agreements, Shareholder or Co-Op Agreements, etc.) to guide settlement and booking decisions
* Partner with third-party settlement vendors on loan settlement and troubleshoot breaks or exceptions to maintain seamless, timely settlement
* Monitor intraday liquidity and optimize settlement allocations for multiple funds—balancing urgency, efficiency and risk
* Research and process corporate actions and restructurings, driving outcomes that support fund objectives
* Track and resolve position breaks, escalating to the desk and technology partners as needed; continuously refine our operating model—identifying automation and process-enhancement opportunities in partnership with BNY Technology, Treasury and Fund Finance teams (Run our Company Better)
* Liaise with custodians, administrators and internal teams on trade, position and pricing queries
* Deliver monthly and quarterly reporting to senior management, compliance and external partners
* Collaborate with the Global Bank Loans Middle Office team —spreading best practices and fueling a culture of continuous improvement (Thrive Together)
Qualifications
* 3–6 years’ hands-on trade-operations or settlement experience across syndicated bank loans
* Deep understanding of bank-debt closing processes, credit-documentation conventions
* Advanced MS Excel skills, with a track record of building models or tooling to drive efficiency (Spark Progress)
* Strong analytical, problem-solving and communication skills—able to distill complexity and “Own It” end-to-end
* Self-starter who thrives under pressure, manages competing priorities and continually seeks to learn (Stay Curious)
* A collaborative spirit, committed to BNY’s “Thrive Together” culture of knowledge-sharing and team success
Culture, News and Awards
At BNY, our culture speaks for itself, check out the latest BNY news at:
BNY Newsroom
BNY LinkedIn
Awards
* America’s Most Innovative Companies, Fortune, 2025
* World’s Most Admired Companies, Fortune 2025
* “Most Just Companies”, Just Capital and CNBC, 2025
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 is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
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