Director, Credit Risk Review

BNY Mellon•New York, NY

21h•Onsite

About The Position

We’re seeking a future team member for the role of Director to join our Credit Risk Review team, with a balanced focus on Corporates and some segments of Financial Institutions such as funds and investment managers, insurance, and financial market utilities. This role is located in New York City. In this role, you’ll make an impact in the following ways: Deliver CRR’s mandate. As an independent assurance function within our 2nd Line of Defense, Credit Risk Review (CRR) provides assessment and assurance on the quality of BNY’s credit exposures, quality of credit evaluation and approval, accuracy of credit ratings, and the adequacy of and degree of adherence to BNY’s credit risk policies, standards, procedures and risk appetite. Own and exercise CRR’s authority. CRR holds override authority on Credit decisions including risk ratings, and the authority to raise issues and track their remediation to completion. CRR also provides assurance to external examiners and regulatory authorities whether our credit assessment process complies with regulatory guidelines. Design and own credit assessment methodologies, lead and participate in comprehensive credit risk reviews of various lending and derivative portfolios to provide an independent assessment of the Bank’s quality of credit exposures and the degree of adherence to risk policies, procedures and guidelines. Direct and manage relationships with senior management stakeholders across all lines of defense, represent CRR, own and effectively deliver conclusions of CRR reviews with clarity and confidence. Perform detailed independent credit analysis which includes financial statement analysis, ratio analysis and cash flow analysis on the borrowers within the lending and / or derivatives portfolio under review. Ensure that individual credits are appropriately underwritten, properly risk rated and adhere to the Company’s risk policy. Ensure an appropriate assessment of credit risk through early identification of issues, problems and exceptions regarding credit, as well as industry and geographic risk assessments to support early detection of credit and/or portfolio deterioration. Lead or participate in opening meetings, closing meetings and communicate any issues to the Head of Credit Risk Review, senior management and the credit risk team of the lending and/or derivatives portfolio under review. Keep current with federal and state regulations/guidelines pertaining to the lending function that may impact the Company’s lending and/or derivatives portfolio. Lead specific areas of CRR continuous monitoring, responses to regulatory requests and other independent third-party requests, any other projects assigned by CRR management. Demonstrate leadership through project management and execution, strong technical credit skills, analytical sharpness and intellectual curiosity. Contribute to CRR strategy design and continuous improvement efforts. Train and coach less experienced colleagues. As appropriate, advise teams across all lines of defense.

Requirements

Bachelor's degree in accounting, finance, or a related field.
10-15 years of relevant experience in credit risk, credit risk review, or a relevant specialty.
In-depth credit analysis skills.
Knowledge of various lending and derivatives portfolios.
Thorough knowledge of various lending and derivative products.
Understanding of Credit Risk reporting fundamentals, including impact on CECL, RWAs, capital.
Confidence.
Strong negotiation skills.
Strong oral and written communication skills.
Pragmatic and commercial approach.
Ability to operate at a senior level.
Ability to work collaboratively and productively with various internal and external stakeholders.

Nice To Haves

Master's degree (e.g., MBA, Master of Finance), CPA, CFA, or related certifications.
Credit officer experience and a track record of holding material individual credit authority.
Experience in a major financial institution, primarily in the US; international experience may also add value.
Specific areas of technical expertise preferred: (1) corporates across sectors; (2) financial institutions, including funds, investment managers, hedge funds, insurance, financial market utilities, (3) counterparty credit risk.

Responsibilities

Deliver CRR’s mandate as an independent assurance function within our 2nd Line of Defense, providing assessment and assurance on credit exposures, evaluation and approval quality, accuracy of credit ratings, and adherence to credit risk policies, standards, procedures, and risk appetite.
Own and exercise CRR’s authority, including override authority on credit decisions, risk ratings, and the ability to raise and track issues to completion.
Provide assurance to external examiners and regulatory authorities regarding compliance with regulatory guidelines for credit assessment processes.
Design and own credit assessment methodologies.
Lead and participate in comprehensive credit risk reviews of lending and derivative portfolios.
Provide an independent assessment of credit exposures and adherence to risk policies, procedures, and guidelines.
Direct and manage relationships with senior management stakeholders across all lines of defense.
Represent CRR and deliver conclusions of reviews with clarity and confidence.
Perform detailed independent credit analysis, including financial statement, ratio, and cash flow analysis.
Ensure individual credits are appropriately underwritten, risk-rated, and adhere to company risk policy.
Assess credit risk through early identification of issues, problems, and exceptions, including industry and geographic risk assessments.
Support early detection of credit and/or portfolio deterioration.
Lead or participate in opening and closing meetings.
Communicate issues to the Head of Credit Risk Review, senior management, and the credit risk team.
Stay current with federal and state regulations/guidelines impacting the lending and derivatives portfolio.
Lead specific areas of CRR continuous monitoring, responses to regulatory requests, and other third-party requests.
Manage and execute projects.
Contribute to CRR strategy design and continuous improvement efforts.
Train and coach less experienced colleagues.
Advise teams across all lines of defense as appropriate.