Senior Vice President, Credit Risk

BNY Mellon•Lake Mary, FL

1d•$143,250 - $190,000•Hybrid

About The Position

Pershing, LLC seeks a Senior Vice President, Credit Risk in Lake Mary, FL, to coordinate risk management efforts for assigned credit risk focuses such as Credit Analysis & Approval/Portfolio Management, Operational Credit Risk, Country Risk, or Credit Administration. This role involves customizing solutions for each region using knowledge of best practices and growing industry experience. The position requires conducting statistical analyses to quantify risk using statistical analysis software or econometric models, and contributing to the development of risk management systems. Responsibilities include developing or implementing risk-assessment methodologies, ensuring the accuracy, timeliness, and completeness of documentation, and performing complex analyses of industry, country, and counterparty credit portfolios and credit portfolio quality. The role also entails completing numerous complex credit processing and assessment activities, including credit analysis, underwriting, borrower rating approval, and transaction review and approval for intraday credit. Additionally, the Senior Vice President will devise scenario analyses reflecting possible severe market events, develop contingency plans, and provide input on Credit Risk's policies and procedures. This includes interpreting and analyzing regulatory requirements, contributing to credit proposals, preparing documentation, and financial spreads, documenting and communicating key risks, and maintaining the quality of risk management systems. The position requires producing reports or presentations, using credit systems, resolving complex system issues, directing the development of credit system best practices, and recommending policy and procedure improvements. The role also involves designing remedial solutions, contributing to reports on credit quality and asset value changes, informing financial decisions by analyzing financial information, and meeting with clients to discuss risk exposure and market scenarios. Remote work may be permitted within a commutable distance from the worksite.

Requirements

Bachelor’s degree, or foreign equivalent, in Finance, Mathematics, Computer Engineering, or a related field.
Ten (10) years of progressively responsible experience in the job offered or in a related occupation in the financial services industry.
Ten (10) years of progressively responsible experience must include: Validating simulation based VaR and Stress VaR model calculations by evaluating quality of market data, analyzing pricing and risk impact data, and investigating calculation anomalies.
Ten (10) years of progressively responsible experience must include: Building automation tools to extract and aggregate data, and streamline risk reporting production.
Ten (10) years of progressively responsible experience must include: Performing analysis on a large volume of data using Excel, VBA, and SQL.
Ten (10) years of progressively responsible experience must include: Monitoring the fund portfolios for concentrations, illiquidity, and collateral weakness.
Ten (10) years of progressively responsible experience must include: Analyzing financial statements including Balance Sheets, Income Statements, and Cash Flow Statements.
Ten (10) years of progressively responsible experience must include: Performing margin evaluations for hedge fund and mutual fund clients and prospects.

Responsibilities

Coordinate risk management efforts for assigned credit risk focus areas (e.g., Credit Analysis & Approval/Portfolio Management, Operational Credit Risk, Country Risk, Credit Administration).
Customize risk management solutions for each region based on best practices and industry experience.
Conduct statistical analyses to quantify risk using statistical analysis software or econometric models.
Contribute to the development of risk management systems.
Develop or implement risk-assessment methodologies.
Ensure the accuracy, timeliness, and completeness of documentation.
Perform Credit Analysis & Portfolio Management, including complex analyses of industry, country, and counterparty credit portfolios and credit portfolio quality.
Perform Operational Credit Risk activities, including credit analysis, underwriting, borrower rating approval, and transaction review/approval for intraday credit.
Devise scenario analyses reflecting possible severe market events and processes to monitor the validity of risk assessments.
Develop contingency plans to deal with emergencies.
Perform Credit Administration and provide input on Credit Risk policies and procedures.
Interpret and analyze regulatory requirements for new or revised policies.
Contribute to the preparation of credit proposals, documentation, and financial spreads.
Document and ensure communication of key risks.
Maintain input or data quality of risk management systems.
Produce reports or presentations outlining findings, explaining risk positions, or recommending changes.
Use credit systems such as the credit borrower rating system and credit approval system.
Resolve complex system issues and direct the development of credit system best practices.
Recommend policy and procedure improvements.
Design remedial solutions and remediation tasks.
Contribute to reports on credit quality and asset value changes for the assigned credit discipline.
Inform financial decisions by analyzing financial information to forecast business, industry, or economic conditions.
Meet with clients to answer queries on risk exposure, market scenarios, or values-at-risk calculations.
Recommend ways to control or reduce risk.