Senior Vice President, Broker-Dealer Credit Risk

Bring your ideas. Make history.  

BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.  

With over 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.  

Team and Role Description: 

At BNY Mellon, the Credit Risk group performs the review, challenge, oversight, and guidance of the firm’s lending activities to our clients. Within Credit Risk, the Global Banks and Broker Dealers team supports the firm’s risk management efforts surrounding our responsibilities for lending to financial and certain non-financial institutions.   In addition, this team is responsible for managing, monitoring, and executing the credit risk strategy to all banks and broker dealers across the globe with which we do business.

The Senior Vice President is responsible for the risk management efforts, including credit analysis & approval as well as management and monitoring of the assigned portfolio in North America, Latin America and the Caribbean Region. Underwrites clear and concise credit assessments and oversight write-ups provided by junior analysts. Reviews and applies credit terms in all underlying documentation supporting transactions.  

Helps to improve each region's adherence to the risk management strategy of the assigned credit risk portfolio and contributes to the development of strategies to maintain the assigned portfolio within the firm’s risk standards and internal credit risk policy requirements. Helps to identify existing and emerging risks that are applicable to the assigned credit risk portfolio. Maintains close communication and collaboration with multiple First line of Defense and Lines of Business to ensure credit risk parameters are included in all new and existing businesses.   

Responsibilities:

Engage in deep dive analysis to understand financial and business performance and provide concise credit papers and recommendation to approvers.
Partnering with colleagues in credit risk team to prepare credit analysis paper comprising of:
Comprehensive fundamental analysis (P&L, B/S, C/F and Liquidity),
Analyze transaction structure for all product categories,
Review of the counterparty’s strategy and its business risk,
Researching industry dynamics, global economic conditions and competitive environment, 
Identification and evaluations of repayment sources, including collateral valuation,
Financial modelling and forecasting – In depth modelling / Cash flow analysis in order to determining debt repayment capability,
Proposing borrower risk rating using bank’s internal model based on financial and economic data.
Ensure adherence to deadlines for deals and timely completion of credit annual reviews.
Proactively monitoring the assigned portfolio by tracking the industry / economic / regulatory development, counterparty related news, and other early warning indicators.
Liaising with various internal and external stakeholders.
Adhering strictly to compliance and operational risk controls in accordance with BNYM policies.

Skills:

Strong verbal and written communication skills with the ability to clearly articulate well-reasoned credit underwriting proposals for approval
Strong analytical skills with the ability to collect, organize, analyze, and disseminate credit and financial information with attention to detail and accuracy
Ability to interpret credit documents and agreement to assess credit terms & conditions, including financial covenants, security and collateral, term sheets, ISDA &CSA.
Ability to prepare financial models / forecasts for various scenarios.

Qualifications

Bachelor’s degree or equivalent work experience is required. Degrees in Finance, Accounting, Economics, or other Business degrees are required.  MBA preferred.
5– 8 years’ experience in credit research / analysis / underwriting with large MNC banks / captive unit of a large multinational bank / credit rating agencies.
Prior experience/background in credit risk and familiarity with rating systems is preferred. Formal credit training is also preferred. Knowledge of capital markets / traded products and commercial financing facilities as well as internal rating methodologies also preferred
Bilingual speaker is preferred. 
Good-knowledge of banking industry and services is required; Knowledge of market data tools and external resources like S&P Capital IQ, SNL, Bloomberg, Moody’s, and Credit Sights strongly preferred

Our Benefits:

BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter. 

Base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and company- sponsored benefit programs.

This position is at-will and the Company reserves the right to modify base (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance and market factors.

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.