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12 Jul 2022

Full-Time Principal, Credit Risk

BNY Mellon – Posted by BNY New York, New York, United States

Job Description

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. Interacts frequently and independently with senior portfolio managers. Directs less experienced professionals in completing legal documentation processes and structuring term sheets and deals. Independently completes complex documentation and reviews documentation drafts completed by less experienced professionals. 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. Directs the credit processing and assessment activities completed by less experienced professionals, reviews their work for accuracy and advises on improvements. Country Risk: Directs less experienced professionals in grading the credit quality of the assigned large, highly complex country. 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. Community Reinvestment Act/Appraisal: Independently determines the appropriate balance of investments, loan commitments and community activities to align with CRA corporate goals and manages toward the appropriate allocation. Demonstrates expert knowledge when reviewing real estate appraisals for commercial and residential properties. Directs less experienced professionals in checking appraisal policies and procedures for consistency with the Bank’s risk appetite and for compliance with various highly complex regulatory requirements. Recommends nuanced policy and procedure improvements. Frequently advises less experienced professionals on compliance improvements. Directs analyses of existing and proposed legislation, regulatory announcements and industry practices that are applicable to the assigned credit risk discipline in order to contribute to the organization’s development and implementation of procedures to meet existing and upcoming credit management requirements specific to each region. Assigns analysis activities to more junior professionals. Contributes to the development of organization-wide projects and programs to improve risk management for the assigned risk discipline. Directs assessments of the effectiveness of current Credit Analysis & Approval/Portfolio Management, Operational Credit Risk, Country Risk or Credit Administration risk identification and mitigation projects and may recommend additional credit risk training within the business. Contributes to the development of discipline-specific education activities, as needed. Uses growing industry experience and knowledge of best practices to contribute to the development of the global strategy for analyzing industry, country and/or counter party credit quality for the assigned credit risk discipline. Builds familiarity with regional differences and appropriately requests advice from regional subject matter experts, as needed. Assigns analysis activities to more junior professionals in support of regional strategies. Implements new, approved Credit Analysis & Reporting, Operational Credit Risk, Country Risk or Credit Administration risk management solutions that comply with regulatory requirements. Delegates improvement activities to more junior professionals.Uses strong working relationships with global regulators, government officials and management to influence risk management activities across regions for the assigned credit risk discipline, to ensure the timely delivery of information to regulators and to increase the likelihood of favorable conditions for the organization’s credit activities. Directs efforts to design remedial solutions and may assign remediation tasks. 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. MBA preferred. Family Requirements:10-12 years of total work experience 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. Ability to assist with the management of diverse lending, operating products, attendant risk, foreclosure, bankruptcy and/or OREO assets.Operational Credit Risk: Formal credit training preferred. Experience as an underwriter and assisting with the management of rapid-turnaround, intraday funds transfers and approvals. Country Risk: Formal credit training preferred. Experience with borrower rating systems and tracking methodologies, and basic knowledge of fiscal and financial condition indicators. Credit Administration: Experience as an underwriter and familiarity with credit administration systems typically used by financial institutions. Community Reinvestment Act/Appraisal: Expert-level familiarity with the Community Reinvestment Act and extensive experience conducting complex real estate appraisals.. 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.

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Job Categories: Equal Opportunities. Job Types: Full-Time.

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