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    Director, Credit Risk - Pittsburgh, United States - CFA Institute

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    Description
    BNY Mellon

    Bring your ideas. Make history.

    BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology.

    We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration.

    Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.


    With over 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn.

    Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself.

    This is what #LifeAtBNYMellon is all about.

    Team Description; Role function on team:


    The Private Banking Credit Risk Team has responsibility for advising first line credit advisory on acceptable loan structures that support client relationships and the bank's risk appetite.

    In addition, the group serves as an independent review and challenge function needed to demonstrate to any required third party oversight, including regulators that sufficient credit risk oversight exists.


    Responsibilities:


    Directs risk management responsibilities for approving and facilitating the structuring of credit requests, monitoring the level and quality of credit exposure, and ensuring compliance with policies.

    Maintains strong risk management skills and discipline while fostering a cooperative and commercially supportive lending environment.

    Ensures alignment and compliance with the bank's risk appetite and strategies.

    Contributes to

    maintaining and developing Credit Administration initiatives to monitor the health of the portfolio.


    Responsible and accountable for credit approvals within a portfolio and the development and monitoring of credit risk management within Private Banking.

    Responsible for the risk management strategy for the assigned credit risk focus, such as Credit Approval, Portfolio Management, and Credit Administration.

    Assists in Credit Administration by creating and updating credit policies and procedures, responding to audit and regulatory requests and leading projects to maintain and improve credit risk management.

    Facilitates the establishment of appropriate client exposure targets and portfolio limits while ensuring the credit quality of the respective portfolios is maintained.


    Accountable for the accuracy, quality and completeness of the underwriting package submitted by the line of business as well as the timeliness in approving a credit request.

    Responsible for reviewing and confirming CARS risk ratings to ensure accuracy and the proper assignment of the Borrower and Facility ratings.

    Directs the identification, assessment, and monitoring of existing and emerging risks within specific portfolios to ensure appropriate credit metrics are in place.

    Ensures alignment and compliance with evolving risk mitigation strategies within a portfolio or specific client profile.
    Serves as the primary Risk Manager for the review and approval of routine and highly complex credit requests.

    Uses experience and expertise to monitor and manage credit exposure within specific product portfolios (i.e Real Estate, Private Equity, Insurance Premium Finance and Residential Mortgages).

    Interacts frequently and independently with Bankers/Credit Advisers, Group Managers, and senior members of Wealth Management.

    Approves and assists in the structuring of term sheets.
    Monitors compliance with policies and where necessary ensures any exceptions are well supported.

    Attends, clearing meetings as requested to vet complex transactions and ensure that proposed credit requests are consistent with the bank's risk appetite.

    Confirms a high volume of borrower/facility risk ratings including the review of various scorecards.

    Consults as requested on overdrafts, approves

    ACH payments exceptions, wires, and watermark breaches for Wealth Management clients.


    Qualifications:
    Bachelor's Degree in a business-related fields such as finance, accounting, risk management, economics, financial engineering or similar is required. Graduate degree preferred.
    12-15 years of total work experience required. Prior background in Credit Risk preferred.
    3-5 years of managerial experience and/or formal credit training is preferred.
    Experience with risk rating borrowers, and the examination and understanding of complex financial statements
    Commercial lending experience to middle-market organizations (approx. $20m-$150m in revenues) highly preferred
    The ideal candidate will have a robust background combining a knowledge of risk management with large transactions, and business process ownership


    Our Benefits:


    BNY Mellon 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 that can support you and your family through moments that matter.


    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 (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 Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.


    Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work.

    We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
    #J-18808-Ljbffr

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