Deputy Director, Credit Risk

New York City Housing Development Corporation • New York, NY

3d • $140,000 - $150,000 • Onsite

About The Position

The Deputy Director, Credit Risk, will support the Chief Risk Officer and Credit Risk team in evaluating and managing credit risk to protect HDC's financial integrity. This role reports to the Chief Risk Officer.

Requirements

• Bachelor’s degree in finance, economics, or urban studies, or a satisfactory combination of education and/or experience that is equivalent to the above
• Minimum experience of seven years in credit analysis, real estate finance, or affordable housing development
• Proficiency with computer programs for financial analyses and database management
• Excellent oral and written communication skills

Nice To Haves

• Advanced degree in finance, economics, or urban studies, or equivalent experience
• Familiarity with Federal, State, and City housing programs
• Credit training at a financial institution

Responsibilities

• Assist in developing and reviewing credit risk management policies and procedures that will protect HDC’s interests and maintain the financial integrity of financing
• Conduct risk assessments of various types of credit risk faced by HDC
• Administer HDC’s Credit Committee, including the scheduling of meetings, posting of Credit Committee memos, reviewing all credit proposals, and liaising with the Development team to move the project pipeline through the credit approval process
• Finalize credit memos by ensuring they are complete, current and signed
• Collaborate with internal and external teams on credit initiatives (such as loan funds, credit facilities, and other underwriting-related issues)
• Assess and monitor credit quality across HDC in alignment with HDC’s credit policies and report the results of these assessments to the Credit Committee and Audit Committee (as needed)
• Review and approve financial counterparties
• Review insurance companies for compliance with HDC’s credit requirements
• Mentor and provide leadership, expertise, and guidance to junior members of the team
• Remain current on credit, financial, accounting, and tax changes related to real estate and affordable housing development that may impact HDC and its financings

Benefits

• Health Benefits at a reasonable cost
• Dental and Vision Benefits at no cost
• Retirement savings plan with a generous match and a pension plan
• Paid holiday, vacation, sick time and parental leave
• Professional development opportunities
• Public Service Loan Forgiveness for eligible employees
• Wellness reimbursement
• Back-up Caregiver Benefit

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees