Director, Credit Risk

BNY Mellon

Bring your ideas. Make history.  

BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.  

With over 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.  

Team Description; Role function on team:

Credit Risk ensures the effective management and implementation and adherence to the credit risk management strategy for the Bank. The Principal, Structured Finance Credit Risk will be part of a team that has responsibility for reviewing Tax Equity, Utility, and Leasing Portfolios. 

Responsibilities:

Directs risk management efforts for the assigned credit risk focus, such as Credit Analysis & Approval/Portfolio Management, or Credit Administration, and customizes solutions for each region using knowledge of best practices and growing industry experience. Ensures each region is adhering to the risk management strategy of the assigned credit risk discipline. Contributes to the global identification of existing and emerging risks that are applicable to the assigned credit risk discipline and implements solutions. Ensures the proper documentation is completed when strategy changes are made.

• Responsible and accountable for credit approvals within a portfolio segment and the development and monitoring of credit risk management within Private Banking.
• Responsible for the risk management strategy for the assigned credit risk focus, such as Credit Approval, Portfolio Management, and Credit Administration. 
• Facilitates the establishment of optimal client exposure targets and portfolio limits while ensuring the credit quality of the respective portfolios is maintained.  Accountable for the accuracy, quality and completeness of the underwriting package submitted by the line of business as well as the timeliness in approving a credit request.  
• Responsible for reviewing and confirming CARS risk ratings to ensure accuracy and the proper assignment of the Borrower and Facility ratings. 
• Directs the identification of existing and emerging risks that are applicable to the assigned credit risk segment and implements solutions. Ensures the proper documentation is completed when strategy changes are implemented within a portfolio or client profile has deteriorated. 
• Serves as the primary Risk Manager for the review and approval of routine and highly complex credit requests. Uses experience and expertise to monitor and manage credit exposure within specific product portfolios (i.e Real Estate, Private Equity, Insurance Premium Finance and Residential Mortgages). 
• Interacts frequently and independently with Bankers/Credit Advisers, Group Managers, and senior members of Wealth Management.  Approves and assists in the structuring of term sheets. 
• Monitors compliance with policies and where necessary ensures any exceptions are well supported. Attends, clearing meetings as requested to vet complex transactions and ensure that proposed credit requests are consistent with the bank’s risk appetite.   Confirms a high volume of borrower/facility risk ratings including the review of various scorecards. Reviews and approves overdrafts, ACH payments, wires, and watermark breaches for Wealth Management clients. 

Qualifications:

• Bachelor’s Degree in a business or mathematics-related field such as finance, accounting, risk management, financial engineering, computer science, mathematics, statistics, physics, or similar areas) is required. Graduate degree preferred.
• 12-15 years of total work experience required. Prior background in Credit Risk preferred. 
• 3-5 years of managerial experience and/or formal credit training is preferred. 
• Experience with borrower rating systems and tracking methodologies, and basic knowledge of fiscal and financial condition indicators.
• The ideal candidate will have a robust background combining a knowledge of risk management with complex financial systems, large transactions, and business process ownership

Our Benefits:

BNY Mellon 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 that can support you and your family through moments that matter. 

Base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and company- sponsored benefit programs.

This position is at-will and the Company reserves the right to modify base (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance and market factors.