Director, Credit Risk - Private Banking

Director, Credit Risk - Private Banking

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We're seeking a future team member for the role of Director, Credit Risk to join our BNY Private Banking team. This role is located in Pittsburgh, PA requiring 4 days per week on-site.

In this role, you'll make an impact in the following ways:

Directs risk management responsibilities for approving and facilitating the structuring of credit requests, monitoring the level and quality of credit exposure, and ensuring compliance with policies. This role requires strong risk management skills and discipline while fostering a cooperative and commercially supportive lending environment.

• Ensures alignment and compliance with the bank's risk appetite and strategies while contributing to maintaining and developing Credit Administration initiatives to monitor the health of the portfolio.
• Responsible and accountable for credit approvals within a portfolio and the development and monitoring of credit risk management within Private Banking.
• Responsible for the risk management strategy for the assigned credit risk focus, such as Credit Approval, Portfolio Management, and Credit Administration.
• Assists in Credit Administration by creating and updating credit policies and procedures, responding to audit and regulatory requests and leading projects to maintain and improve credit risk management.
• Facilitates the establishment of appropriate client exposure targets and portfolio limits while ensuring the credit quality of the respective portfolios is maintained. Accountable for the accuracy, quality and completeness of the underwriting package submitted by the line of business as well as the timeliness in approving a credit request.
• Responsible for reviewing and confirming CARS risk ratings to ensure accuracy and the proper assignment of the Borrower and Facility ratings.
• Directs the identification, assessment, and monitoring of existing and emerging risks within specific portfolios to ensure appropriate credit metrics are in place.
• Ensures alignment and compliance with evolving risk mitigation strategies within a portfolio or specific client profile.
• Serves as the primary Risk Manager for the review and approval of routine and highly complex credit requests. Uses experience and expertise to monitor and manage credit exposure within specific product portfolios (i.e Real Estate, Private Equity, Insurance Premium Finance and Residential Mortgages).
• Interacts frequently and independently with Bankers/Credit Advisers, Group Managers, and senior members of Wealth Management. Approves and assists in the structuring of term sheets.
• Monitors compliance with policies and where necessary ensures any exceptions are well supported. Attends, clearing meetings as requested to vet complex transactions and ensure that proposed credit requests are consistent with the bank's risk appetite. Confirms a high volume of borrower/facility risk ratings including the review of various scorecards. Consults as requested on overdrafts, approves ACH payments exceptions, wires, and watermark breaches for Wealth Management clients.

To be successful in this role, we're seeking the following:

• Bachelor's Degree in a business-related fields such as finance, accounting, risk management, economics, financial engineering or similar is required. Graduate degree preferred.
• 12-15 years of total work experience required. Prior background in Credit Risk preferred.
• 3-5 years of managerial experience and/or formal credit training is preferred.
• Experience with risk rating borrowers, and the examination and understanding of complex financial statements
• Commercial lending experience to middle-market organizations (approx. $20m-$150m in revenues) highly preferred
• The ideal candidate will have a robust background combining a knowledge of risk management with large transactions, and business process ownership

At BNY, our culture speaks for itself. Here's a few of our awards:

• America's Most Innovative Companies, Fortune, 2024
• World's Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion, Disability: IN - 100% score, 2023-2024
• "Most Just Companies", Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg's Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

BNY 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, including paid volunteer time, that can support you and your family through moments that matter.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $127,000 and $180,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY 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 salary (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.