Senior Counterparty Risk Manager – Alternatives & Funds

BNY; New York (NY); On-site; USD 250,000 - 400,000; Full time

Benefits offered by this job

Competitive compensation

Benefits and wellbeing programs

401(k) plan

Medical, dental, vision coverage

Paid time off

Job summary

BNY is seeking a Senior Counterparty Credit Risk Manager to lead coverage of Alternative Asset Managers and Regulated Funds in New York City. The role focuses on building and monitoring risk frameworks for complex credit analysis, maintaining risk appetite, and partnering with front office and legal teams to manage transactions.

The ideal candidate brings 7+ years of counterparty credit risk experience, familiarity with ISDA/CSA/GMRA documentation, and strong analytical and communication skills

Qualifications

• Bachelor’s degree in finance, economics, accounting, or another relevant discipline is required.
• MBA, CFA, or Series 7/63 preferred.
• 7+ years of relevant experience e.g. in related counterparty credit risk roles or comparable buy‑side roles. The ideal candidate has experience underwriting or managing credit exposure to hedge funds, alternative investment managers, regulated funds, or similar institutional counterparty.
• Strong understanding of underlying mechanics and risks associated with various capital markets products and lending practices.
• Makes clear, well‑founded decisions under pressure, and in line with the firm’s risk appetite.
• Excellent written and verbal communication skills and the ability to engage constructively with senior stakeholders across business and risk functions.
• Experience with legal and credit documentation such as ISDA, CSA, GMRA, prime brokerage agreements, and lending covenants.
• Familiarity with stress testing, exposure measurement, and market risk concepts relevant to counterparty credit risk.
• Strong data analytics and AI prompting skills; Excel, Tableau and PowerPoint skills preferred.

Responsibilities

• Manage counterparty credit risk across a portfolio of traditional and alternative asset management clients. Responsible for 2LoD credit underwriting processes and ongoing portfolio management.
• Assess and recommend counterparty risk appetite and limits, including fund financing lines and subscription/capital call facilities.
• Review, approve, and monitor exposures arising from capital markets and lending products (e.g. repo, securities financing, foreign exchange, prime brokerage, subscription/capital call facilities, and fund financing arrangements).
• Participate and lead periodic portfolio reviews, including stress analysis and scenario-based assessment of market, liquidity, and concentration risks.
• Identify emerging risks, deteriorating trends, and exceptions to risk appetite; escape issues clearly and promptly.
• Partner with front office, legal, documentation, and other risk stakeholders on transaction review, client onboarding, and legal negotiation.
• Drive consistency in underwriting standards and monitoring processes. Recommend and lead initiatives that improve processes and increase the firm’s ability to accurately and quickly identify emerging risk issues.
• Experience building and maintaining risk frameworks and processes, collaborating with business and corporate function partners, and supporting other staff to ensure accurate, timely implementation and consistent practices.
• Provide guidance and review to junior team members, helping to maintain high standards of analysis, documentation, and judgment.

Skills

Counterparty credit risk

Credit analysis

Risk analytics

Stress testing

Communication with stakeholders

Excel/Tableau/PowerPoint

Education

Bachelor’s degree in finance/economics/accounting

MBA or CFA or Series 7/63

Tools

Excel

Tableau

PowerPoint

Job description

BNY is seeking a Senior Counterparty Credit Risk Manager to lead coverage of Alternative Asset Managers and Regulated Funds in New York City. The role focuses on building and monitoring risk frameworks for complex credit analysis, maintaining risk appetite, and partnering with front office and legal teams to manage transactions.

The ideal candidate brings 7+ years of counterparty credit risk experience, familiarity with ISDA/CSA/GMRA documentation, and strong analytical and communication skills