Specialist, Credit Risk

Overview

Who we are:

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations, or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of March 31, 2020, BNY Mellon had $41.7 trillion in assets under custody and/or administration, and $2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Team Description, Role, and Function on team:

Intraday Credit Risk (ICR) is a group within the Credit Risk division responsible for the oversight and management of the credit facilities, and same day extensions of credit, supporting various processing activities for BNY Mellon's clients. The members of the global Exceptional Credit Approval team, within ICR, utilize various control systems to make real-time intraday credit decisions to support securities and cash processing. ICR members additionally contribute to analyzing and preparing reports, contribute to the development of organization-wide projects and programs to improve credit risk management, and contribute to the implementation of system and process enhancements to comply with regulatory requirements .

The position requires strong analytical skills, decision making capabilities, knowledge of securities and cash systems, as well as good communication skills.

Responsibilities - External

• Contributes to risk management efforts for Intraday Credit Risk, towards the completion of numerous credit processing and assessment activities, including credit analysis, underwriting, borrower re-rating/approval and transaction review and approval for intraday credit. Develops and delivers documentation and reporting in a timely manner.
• Approves and oversees standard credit processing and assessment activities.
• Demonstrates proficiency with credit systems, such as the credit borrower rating system and credit approval systems (GFC, CFC, AIMs, Nexen).
• Involved in analysing and preparing ad hoc and standard reporting for the credit risk portfolios.
• Helps to improve each region's adherence to the risk management strategy of the assigned credit risk discipline or contributes to the development of strategies to bring the regions into compliance with standard regional and global regulatory and policy requirements; helps to identify existing and emerging risks that are applicable to the assigned credit risk discipline.
• Contributes to the development of organization-wide projects and programs and Intraday Credit Risk identification and mitigation projects to improve risk management for ICR.
• Assists with the completion of industry, country and/or counter party credit quality analyses for ICR
• Contributes to the implementation of new, approved Intraday Credit Risk management solutions that comply with regulatory requirements.
• No direct reports. Provides guidance to more junior team members, as needed. Contributes to the achievement of Intraday Credit Risk team objectives. Modified based upon local regulations/requirements.

Qualifications:

• Bachelor's Degree or the equivalent combination of education and experience is required. Graduate degree preferred.
• 5+ years of total work experience preferred. Prior experience/background in credit risk preferred. Other such financial/banking backgrounds will be considered:
  • Credit Analysis & Approval/Portfolio Management. Ability to assist with the management of diverse lending, operating products, attendant risk, foreclosure, bankruptcy and/or OREO assets.
  • Operational Credit Risk: Experience as an underwriter and assisting with the management of rapid-turnaround, intraday funds transfers and approvals.
  • Credit Administration: Experience as a banker, underwriter and/or familiarity with credit administration systems typically used by financial institutions preferred. Significant 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.

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.com/careers.

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.