Senior Manager of Credit Risk

5 days ago


New York, New York, United States Federal Home Loan Bank of New York Full time
Job Title: Senior Manager of Credit Risk

Join the Federal Home Loan Bank of New York as a Senior Manager of Credit Risk, where you will play a critical role in ensuring the Bank's safety and soundness. As a key member of the Credit Risk Management team, you will be responsible for analyzing, monitoring, and mitigating risk exposure, including via members, counterparties, and other credit exposure.

Key Responsibilities:
  • Oversee and manage credit issues throughout the organization, including via members, counterparties, the Bank's investment portfolio, and vendors.
  • Responsible for managing the credit risk of the Bank in line with regulatory requirements and the Bank's Risk Management Policy.
  • Provide credit risk oversight and guidance to the various business units to ensure the safety and soundness of the Bank.
  • Develop and implement credit risk policies, procedures, and guidelines to ensure compliance with regulatory requirements.
  • Manage a team of approximately 5 people, providing leadership, guidance, and strategic direction to ensure adherence to all Bank-related policies.
Requirements:
  • 15+ years of experience in the banking industry or equivalent, performing financial/credit/investment analysis and report preparation.
  • Knowledge of banking industry, NRSRO rating systems, and financial credit rating models.
  • Understanding of domestic and foreign accounting rules, banking regulation, and financial markets.
  • 5+ years of experience managing a team.
Skills and Experience:
  • Demonstrated understanding of high-level credit principles, particularly related to banks, credit unions, and insurance companies.
  • In-depth knowledge of counterparty risk issues, underwriting standards, mortgage-related risk, derivative exposure risk, and risk-based capital.
  • Ability to review, challenge, and provide guidance for team's credit recommendations and conclusions.
  • Ability to understand complex concepts and data to develop data-driven recommendations and guide team to execute approved solutions.

Salary range: $200,000 - $245,000



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