Transaction Manager, Corporate Trust Transaction Manager, Corporate Trust …

BNY Mellon
in London, England, United Kingdom
Permanent, Full time
Last application, 17 Jun 19
BNY Mellon
in London, England, United Kingdom
Permanent, Full time
Last application, 17 Jun 19
Transaction Manager, Corporate Trust
Team Description:

The Transaction Manager through broad knowledge and experience is responsible for reviewing complex specialized deals transactions/structures aligned to a business or multiple product segments from initiation through closing. Key liaison with outside counsel and in conjunction with Client & Business Development may drive and take lead in negotiation of the terms of the structure. Serves as primary contact with internal and external parties on new and existing transactions and deal documentation in order to ensure the life of issue meets all operational and documentation standards and mitigates any risk.

Acts as the Subject Matter "Go To" Expert/country specialist for product/country ensuring the business is kept up to date with market and competitor data and new regulations and laws for specific products or country regulations.

Essential Functions - Key Roles &Responsibilities:

Deal Acceptance
Lends in-depth knowledge and collaborates with appointed outside counsel from BNY Mellon's approved list to provide consultation on multiple types of sophisticated transactions. Reviews, negotiates and executes all governing documents for new transactions ensuring deal documentation accurately reflects operational responsibilities, structure terms and documentation standards including pricing input.
Keeps internal Legal department abreast of any unusual or novel features in deal documents in order to mitigate any potential litigation issues.
Interfaces with Client & Business Development and/or Global Client Solutions to ensure that all Know Your Customer, account setup and tax related requirements are completed prior to closing.
Coordinates with Client & Business Development the presentation of new transactions at BAC forum(s), ensuring the deal has been properly approved by BNY Mellon prior to execution of the governing documents.
Prepares and presents matters to the local Trustee Committee where applicable for amendments, NMP determinations and exercises of discretion
Prepares any required submissions to the Jurisdictional Acceptance Committee in conjunction with internal stakeholders.
Ensures all outstanding CPs are met and reflected on the Deal Onboarding System/Deal Manager prior to closing

Deal Closing
Liaises with internal working group parties to coordinate closing timeframes
Develops instructions for support utilities to open the necessary accounts on relevant applications, including cash, custody, trust accounting (US only) and bondholder recordkeeping systems (if applicable)
Controls and coordinates the bond/program issuance and closing with the relevant support utilities, Depository, Client Service Delivery, respective counsels and other parties, including the performance of initial flow of funds; Announces closing to working group party distribution
Co-ordinates invoice payment at closing, including related counsel fees with appropriate parties
Receives at closing the global notes and any credit facilities, UCCs, bond insurance policies and other collateral, and facilitates forwarding such by secure means to Client & Business Development and/or Global Client Solutions for safekeeping.

Deal Set Up
Procures the safe keeping and scanning of all investor documents and contractual documents entered into by BNY Mellon entities, including the complete closing transcript where applicable
Expeditiously completes the appropriate checklist for effective transfer of the deal to Client & Business Development, Global Client Solutions and/or Client Service Delivery, (as applicable).
Coordinates post-closing administration such as the set-up of prior day funding or PA accounts, handover to the relevant Global Client Solutions team of any actions/events dictated by the governing deal documents, imaging of deal documents and the set-up of transactional ticklers
Reviews approvals of the Deal Synopsis (limited to confirmation of adherence to BNY Mellon documentation standards policy) and complete the pertinent elements of the Deal Closing Checklist

Life of Issue
Responsible for the review of substantive post-closing matters (including supplements, amendments, document interpretation, contracts for redemptions, consent solicitations, note holder meetings), during life of issue with support of internal and/or external counsel, subject to business and trust acceptance policies and bondholder consent (where required)
Examines documents and assists to resolves any issues that arise during the life of the deal.
Liaises with the Default Administration Group (DAG) related to defaulted transactions and escalates to DAG regarding all defaults or potential default issues as per BNY Mellon policy.

General Transaction Management
Maintains an understanding of BNY Mellon policies concerning the exercises of discretion in a fiduciary role as it relates to various jurisdictions. Serves as a resource for Global TMG.
Develop strong working relationships with client and all appropriate external and internal partners such as law firms, financial advisors, and investment bankers, Client & Business Development, Global Client Solutions, Client Service Delivery, Compliance, Audit, Risk and internal Legal, Business Acceptance and Jurisdictional Acceptance Committees.
Supports Client & Business Development and Global Client Solutions as appropriate or the timely collection of any legal bills related to TMG appointments of counsel. Provides feedback on external counsel performance to internal legal group.
Oversees TMG functional protocol and interaction with DAG to ensure negotiation of any workouts, restructures or enforcements pursuant to the deal documentation in accordance with BNY Mellon standards and contracted operational responsibilities, ensuring effective legal and operational risk mitigation in all defaulted deal transaction documentation matters.



Business Expertise:
Experience of private legal practice, Corporate Trust and/or banking environment.
Knowledge and experience in debt market document negotiation.
Skill to successfully negotiate with internal and external parties to mitigate risk.
Ability to work under tight and demanding deadlines.

Problem Solving

Find and propose:

a) Innovative legal solutions that are often complex to ensure that BNY Mellon's documentation standards are upheld.

b) Satisfactory solutions to business issues with internal and external parties.

Nature & Area of Impact
Interact with clients, their advisors and agents, and other working group party members to come to mutually agreeable terms with respect to deal documents that affect the business.
Strive for excellent client service delivery under tight timeframes.

Interaction / Interpersonal Skills
Excellent oral and written communication skills necessary to persuade, negotiate and influence others, often at higher levels
Effectively influence client, external counsel and other working group party members.
Manage internal and external relationship difficulties in a time sensitive, pressured environment.
Optimize client service delivery while complying with the Company's policies and preferred practices

BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: United Kingdom-Greater London-London
Job: Corporate Trust
Internal Jobcode: 70365
Organization: Corporate Trust-HR06320
Requisition Number: 1906456