Senior Vice President, Credit Risk

About the role

Coordinate risk management efforts for the assigned credit risk focus, such as Credit Analysis & Approval/Portfolio Management, Operational Credit Risk, Country Risk, or Credit Administration. Customize solutions for each region using knowledge of best practices and growing industry experience.

Responsibilities

• Conduct statistical analyses to quantify risk using statistical analysis software or econometric models.
• Contribute to the development of risk management systems and implement risk-assessment methodologies.
• Ensure the accuracy, timeliness, and completeness of documentation.
• Perform Credit Analysis & Approval/Portfolio Management by completing complex analyses of industry, country, and counterparty credit portfolios, as well as credit portfolio quality.
• Perform Operational Credit Risk by completing complex credit processing and assessment activities, including credit analysis, underwriting, borrower rating approval, and transaction review and 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's policies and procedures.
• Interpret and analyze regulatory requirements that necessitate 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 frequently direct the development of credit system best practices.
• Recommend nuanced 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.
• Analyze financial information to forecast business, industry, or economic conditions to inform financial decisions.
• Meet with clients to answer queries on risk exposure, market scenarios, or values-at-risk calculations.
• Recommend ways to control or reduce risk.

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, and ten (10) years of progressively responsible experience in the job offered or in a related occupation in the financial services industry.

Qualifications

The ten (10) years of progressively responsible experience must include:

• Validating simulation-based VaR and Stress VaR model calculations by evaluating the quality of market data, analyzing pricing and risk impact data, and investigating calculation anomalies.
• Building automation tools to extract and aggregate data and streamline risk reporting production.
• Performing analysis on a large volume of data using Excel, VBA, and SQL.
• Monitoring fund portfolios for concentrations, illiquidity, and collateral weakness.
• Analyzing financial statements including Balance Sheets, Income Statements, and Cash Flow Statements.
• Performing margin evaluations for hedge fund and mutual fund clients and prospects.

Pay

The base salary/range for this position is expected to be $143,250.00 - $190,000.00 per year at the commencement of employment. Base salary if hired will be determined on an individualized basis, including experience and market location. This is part of the BNY total compensation package, which may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.