Vice President, Commercial Real Estate Review Appraiser

About the role

The Vice President, Commercial Real Estate Review Appraiser will join the Real Estate Credit Risk team, overseeing credit risk strategy, valuation governance, and portfolio risk management for BNY’s nationwide commercial real estate (CRE) portfolio. This includes multifamily, affordable housing, office, retail, industrial, mixed-use, and other specialized asset classes. Reporting to the head of Environmental & Construction Risk, this role manages the appraisal review pipeline and supports valuation risk oversight, ensuring alignment with BNY’s risk appetite, internal policies, and regulatory requirements.

The position is located in New York City or Pittsburgh, PA.

Responsibilities

• Manage the day-to-day CRE appraisal review pipeline, ensuring timely vendor solicitation, order placement, review completion, status tracking, and coordination across transactions and portfolio monitoring activities.
• Review third-party appraisals across BNY’s nationwide CRE portfolio, assessing the reasonableness of valuation assumptions, methodologies, and conclusions for asset types including multifamily, affordable housing, office, retail, industrial, and mixed-use properties.
• Prepare appraisal review reports and internal appraiser scorecards for senior management, ensuring clear, accurate, and well-supported analysis.
• Support appraisal review activities in accordance with Uniform Standards of Professional Appraisal Practice (USPAP), Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), interagency appraisal and evaluation guidance, and BNY’s internal policies.
• Coordinate with external appraisers, internal relationship managers, and first-line-of-defense stakeholders regarding appraisal orders, review status, follow-ups, and issue resolution.
• Assist with vendor panel management, including maintaining relationships, monitoring responsiveness and quality, and supporting onboarding for new appraisers.
• Review and process appraisal-related invoices and support administrative workflows associated with appraisal engagements and reviews.
• Conduct market research and provide analytical support to strengthen appraisal review conclusions, scorecards, presentations, and broader CRE monitoring efforts.
• Prepare bi-weekly pipeline reporting and status updates for the Senior Vice President and head of Environmental & Construction Risk, highlighting workflow trends, challenges, escalation items, and key milestones.
• Escalate review issues, operational bottlenecks, and conflicts in a timely manner, providing updates and support for resolution.
• Partner with senior AED members and internal stakeholders to support process enhancements, standard operating procedure improvements, and strategic initiatives, including AI-related projects.
• Identify opportunities to improve the efficiency, consistency, and transparency of appraisal review processes in support of stronger CRE portfolio management and monitoring.

Requirements

• 7–10 years of relevant experience in CRE appraisal and appraisal review, including reviewing commercial property valuations across multiple asset types and markets.
• Bachelor’s degree from an accredited college or university; concentrations in Real Estate, Business, Finance, Accounting, or Economics preferred.
• New York State General Appraiser Certification License or Pennsylvania State General Appraiser Certification License required.
• Strong understanding of commercial appraisal principles, valuation methodologies (e.g., discounted cash flow analysis, capitalization approaches, sales comparison analysis), and review practices.
• Working knowledge of regulatory and professional standards, including USPAP, FIRREA, and interagency appraisal and evaluation guidance.
• Experience managing or coordinating appraisal workflows, including order tracking, status monitoring, issue escalation, and communication with external appraisers and internal stakeholders.
• Ability to prepare clear, accurate, and well-organized written appraisal reviews, scorecards, presentations, and status reporting for senior management.
• Strong organizational and project coordination skills, with the ability to manage multiple assignments and operate effectively in a deadline-driven environment.
• Experience supporting vendor management activities, invoice review/approval workflows, and appraisal operations is preferred.
• Strong communication and interpersonal skills, with the ability to work effectively across a matrixed environment.
• Demonstrated problem-solving ability, sound judgment, and attention to detail, particularly in identifying review issues and process improvement opportunities.

Preferred Qualifications

• Prior experience within a bank, lending institution, or regulated financial environment.
• Experience reviewing appraisals for affordable housing/Low Income Housing Tax Credit (LIHTC) properties.
• Exposure to Environmental Site Assessment reports, including Phase I ESA, Phase II ESA, and brownfield redevelopments.
• Experience reviewing appraisals for infrastructure and project finance-related assets, including renewable energy projects such as wind and solar.
• Proficiency with valuation and market tools such as Argus, Rockport VAL, CoStar, Microsoft Excel, Word, PowerPoint, and appraisal ordering or workflow management systems.

About Us

BNY is a leading global financial services company at the heart of the global financial system, influencing nearly 20% of the world’s investible assets. The company harnesses cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators, BNY fosters a culture of excellence where bold ideas meet advanced technology and exceptional talent.

Benefits

• Highly competitive compensation, benefits, and wellbeing programs rooted in a pay-for-performance philosophy.
• Access to flexible global resources and tools for personal and financial growth.
• Generous paid leaves, including paid volunteer time, to support work-life balance.
• Eligibility for an annual discretionary incentive award.
• 401(k) plan participation and Company-sponsored medical, dental, vision, and basic life insurance plans for employees and eligible dependents.
• Various paid time off benefits, such as vacation and sick time, dependent on the position.

Pay

BNY assesses market data to ensure a competitive compensation package. The expected base salary for this position varies depending on market location, job-related knowledge, skills, and experience. Base salary is part of a total rewards package, which may include eligibility for an annual discretionary incentive award.