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Principal, Credit Risk

Company: BNY Mellon
Location: Jersey City
Posted on: September 24, 2022

Job Description:

Overview Directs risk management efforts for the assigned credit risk focus, such as Credit Analysis & Approval/Portfolio Management, Operational Credit Risk, Country Risk or Credit Administration, and customizes solutions for each region using knowledge of best practices and growing industry experience. Responsible for the accuracy, timeliness and completeness of documentation and reporting completed by more junior professionals. Ensures each region is adhering to the risk management strategy of the assigned credit risk discipline or develops strategies to bring the regions into compliance with complex, regional and global regulatory and policy requirements. Contributes to the global identification of existing and emerging risks that are applicable to the assigned credit risk discipline and implements solutions. Ensures the proper documentation is completed when strategy changes are made. Primary duty for each discipline is as follows: Credit Analysis & Approval/Portfolio Management: Independently completes complex analyses of industry, country and counter party credit portfolios and credit portfolio quality. Independently completes complex documentation and reviews documentation drafts. Attends and may contribute to meetings with clients, other banks, multi-bank credit facilities and peers within the industry. Operational Credit Risk: Independently completes numerous complex credit processing and assessment activities, including credit analysis, underwriting, borrower rating approval and transaction review and approval for intraday credit. Approves and oversees a moderate quantity of complex credit processing and assessment activities. Country Risk: Involved in the grading of credit quality of large, highly complex countries. Uses expert experience to accurately and effectively track the fiscal condition of sovereigns and to develop ratings for country borrowers. Anticipates and identifies developing credit issues within the assigned country and recommends mitigation strategies. Reviews and addresses issues escalated by less experienced professionals. Reviews ratings produced by less experienced professionals for accuracy and advises on improvements. Prepares highly complex country risk assessments and integrates assessments into portfolio management for the organization's overall credit risk. Credit Administration: Manages and provides input on the Credit Risk's policies and procedures. Interpret and analyze regulatory requirements that require new or revisions to policy. Directs less experienced professionals in assisting in credit reviews or credit submissions and other related activities and operations for the various credit portfolios. Contributes to the preparation of credit proposals, preparing documentation and financial spreads. Expertly uses credit systems such as the credit borrower rating system and credit approval system. Resolves complex system issues and frequently directs the development of credit system best practices Contributes to reports on credit quality and asset value changes for the assigned credit discipline. No direct reports, provides guidance to more junior team members and assigns tasks. Directs the achievement of multiple Credit Analysis & Approval/Portfolio Management, Operational Credit Risk, Country Risk or Credit Administration teams' objectives. Modified based upon local regulations/requirements. Bachelor's degree or related technical discipline, or the equivalent combination of education and experience is required (10 years of experience or more). Quantitative discipline (Engineering/Math/Economics) preferred. Prior experience/background in credit risk preferred. In addition, may require the following experience/skills based on primary duties: Discipline Requirements: Credit Analysis & Approval/Portfolio Management: Formal credit training preferred. Experience with prime brokerage clients (multi asset class global hedge funds). Experience with Portfolio Margin and option strategies a plus. 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. Employer Description: For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon. EEO Statement: 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.

Keywords: BNY Mellon, Jersey City , Principal, Credit Risk, Other , Jersey City, New Jersey

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