Senior Specialist, Asset Managers & Insurance Lending

Senior Specialist, Asset Managers & Insurance Lending

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 Specialist, Asset Managers & Insurance Lending to join our Investment Management & Insurance Institutional Lending team. This role is located in New York, NY.

In this role, you’ll make an impact in the following ways: 

Deal Execution Support

• Support end-to-end transaction lifecycle: intake, diligence, underwriting, documentation, closing, and post-close tasks.
• Prepare credit analyses, financial models, sensitivity analyses, and risk ratings aligned to internal frameworks.
• Coordinate timelines and deliverables across clients, external counsel, and internal stakeholders.

Underwriting & Documentation

• Draft/refine credit approval materials: obligor/structure overview, repayment sources, collateral analysis, covenants, risks/mitigants.
• Review and track negotiation points across loan/credit documentation (e.g., credit agreements, security agreements, guarantees, amendments).
• Maintain documentation trackers and closing checklists ensuring conditions precedent and compliance items are fulfilled.

Portfolio Monitoring & Risk Management

• Monitor covenant compliance, borrowing base/availability, performance triggers, watch-list indicators, and exposure reporting.
• Prepare periodic portfolio reviews and client health checks (trends, concentrations, early warning signals).
• Support exceptions, waivers, amendments, and renewals, including remediation plans and follow-ups.

Client & Stakeholder Engagement

• Collaborate with relationship managers, risk, legal, operations, and product partners to deliver smooth execution and client satisfaction.
• Prepare client-ready materials (pitch decks, portfolio updates, market snapshots) and support meetings and data requests.
• Maintain accurate pipeline and activity logs in required systems.

Research & Market Insights

• Compile industry and issuer research to inform structures and risk assessments across asset managers, mutual funds, and insurers.
• Summarize macro and sector trends, rating agency commentary, and regulatory developments relevant to the portfolio.

To be successful in this role, we’re seeking the following: 

• Bachelor’s degree in finance, Accounting, Economics, or related field; or equivalent combination of education and experience.
• 4–7 years in institutional lending, credit underwriting, commercial banking, or risk analysis supporting complex credit facilities.
• Experience reviewing, analyzing, and tracking negotiation of credit/loan documentation.
• Strong financial modeling skills (3‑statement analysis, leverage/liquidity assessment, covenant modeling, sensitivity analysis).
• Working knowledge of credit risk frameworks, rating methodologies, collateral structures, and covenant packages.
• Excellent written and verbal communication; ability to present complex information clearly to stakeholders at all levels.
• High attention to detail; ability to manage multiple concurrent workstreams under deadlines.

Preferred Qualifications

• Exposure to asset managers, regulated mutual funds, insurance counterparties, and related legal/regulatory considerations.
• Experience with syndicated facilities, subscription/capital call lines, asset-backed structures, and/or secured lending.
• Familiarity with credit portfolio monitoring tools, risk/limit frameworks, and early-warning indicators.
• Credit training program completion

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