Vice President I, Broker-Dealer Credit Risk
Apply NowCompany: The Bank of New York Mellon Corporation
Location: New York, NY 10025
Description:
Vice President I, Broker-Dealer Credit Risk
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We're seeking a future team member for the role of Vice President, Credit Risk to join our Broker Dealer Credit Risk team. This role can be located in New York City or Pittsburgh, PA in a Hybrid work environment.
About the team:
The Loan Desk is a component of Credit Risk that manages an overnight and intraday loan portfolio to support the credit needs of various financial market participants. The candidate will be required to establish loan pricing, collateral requirements, and exposure appetites. Additionally, the function has daily interaction with many Financial Market Utilities regarding the trading activity and associated settlement/margin obligations of mutual customers.
In this role, you'll make an impact in the following ways:
To be successful in this role, we're seeking the following:
At BNY, our culture speaks for itself. Here's a few of our awards:
Our 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 assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $70,000 and $115,000 per year at the commencement of employment. 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 salary (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.
BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $68,000 and $114,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY 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 salary (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.
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We're seeking a future team member for the role of Vice President, Credit Risk to join our Broker Dealer Credit Risk team. This role can be located in New York City or Pittsburgh, PA in a Hybrid work environment.
About the team:
The Loan Desk is a component of Credit Risk that manages an overnight and intraday loan portfolio to support the credit needs of various financial market participants. The candidate will be required to establish loan pricing, collateral requirements, and exposure appetites. Additionally, the function has daily interaction with many Financial Market Utilities regarding the trading activity and associated settlement/margin obligations of mutual customers.
In this role, you'll make an impact in the following ways:
- Consult, review and challenge lending transactions from inception to closing.
- provide high quality written credit analysis of complex transactions and make presentations of these findings as appropriate or needed
- Exercise strong credit and analytical judgment, while making decisions in a timely manner.
- Assisting with risk management efforts for the overall credit risk group (second line of defense, "2LOD"), such as Credit Analysis & Approval and Portfolio Management. Helping with the development of documentation and reporting as needed.
- Work closely with senior credit relationship managers, portfolio management, 1LOD/client executives, and with analyst teams
- Write, prepare and/or review analyses of creditworthiness of borrowers within the financial institutions sector.
- Writeups cover purpose of financing, sources of repayment, and quality of collateral (if any) in response to requests for credit from Institutional Lending (first line of defense, "1LOD") or lines of business.
- Monitor news of assigned borrowers, which may involve recommendations on re-ratings of internal borrower credit ratings, reviewing financial statements, earnings reports, rating agency/analyst/industry reports.
- Help identify existing and emerging risks that are applicable to the assigned credit risk portfolio given industry trends, economic conditions, current events, etc.
To be successful in this role, we're seeking the following:
- Bachelor's Degree is required. MBA or graduate degree in a business-related field is preferred.
- The candidate must have a minimum of 5 to 8 years' experience in Credit risk management, with a focus on financial institution client segment.
- The candidate must have strong communication skills and demonstrate a record of accomplishment and excellence in delivery.
- Strong relationship management skills and ability to partner with a large array of constituents; ability to manage and influence change are required.
- Ability to thrive in a fast-paced environment that demands quick thinking, problem solving, and effective relationship skills.
- Ability to effectively interface with customers, team members, lines of business, and senior Credit Risk management
At BNY, our culture speaks for itself. Here's a few of our awards:
- America's Most Innovative Companies, Fortune, 2024
- World's Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
- Best Places to Work for Disability Inclusion, Disability: IN - 100% score, 2023-2024
- "Most Just Companies", Just Capital and CNBC, 2024
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
- Bloomberg's Gender Equality Index (GEI), 2023
Our 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 assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $70,000 and $115,000 per year at the commencement of employment. 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 salary (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.
BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $68,000 and $114,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY 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 salary (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.