Head of First Line Credit

BNY Mellon • New York, NY

6d • $127,000 - $273,000

About The Position

At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary. We’re seeking a future team member for the role of Head of First Line Credit to join our Global Markets team. This role is located in New York, NY. Role Overview As the global leader of BNY’s First Line Credit function for Markets, you will oversee all credit underwriting and risk activities across our Securities Finance, broker-dealer financing, FX, Fixed Income and Equities trading businesses. You will set the vision and standards for first-line credit risk management and partner closely with Business, Risk, Legal and Compliance to ensure disciplined, commercially balanced decision‐making.

Requirements

• 10+ years of capital markets experience, with significant credit risk responsibilities (1 st or 2 nd line).
• Deep understanding of Markets products (Securities Finance, broker-dealer financing, FX, Fixed Income, Equities).
• Demonstrated experience underwriting credit for hedge funds or prime brokerage clients.
• Director-level or equivalent senior leadership experience.
• Excellent verbal and written communication skills; able to distill complex analyses for senior stakeholders.
• Quantitative background (e.g., degree in finance, economics, mathematics, engineering).
• Prior interaction with U.S. and global regulators on credit-risk related matters.
• Proven track record in relationship management with hedge funds and institutional clients.
• Experience designing or enhancing first-line credit risk frameworks and scorecards.
• First line risk experience preferred

Responsibilities

• Lead and grow a high performing, globally dispersed First Line Credit team.
• Oversee all credit underwriting, approval, and monitoring processes for Global Markets products.
• Balance risk mitigation with commercial objectives—drive decisions informed by detailed analysis and commercial acumen.
• Partner with regulators on examinations, inquiries, and reporting related to market credit risk.
• Cultivate and manage complex client relationships, ensuring credit solutions meet client needs within risk appetite.
• Develop and refine credit policies, scorecards and risk frameworks in line with evolving market dynamics.
• Present credit assessments and portfolio reviews to senior management and risk committees.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed