Senior Vice President, Credit Risk

BNY External Career Site; Florida; Hybrid; USD 143,000 - 190,000; Full time

Job summary

Pershing, LLC seeks a Senior Vice President of Credit Risk in Lake Mary, FL to coordinate risk management across multiple risk focus areas and customize regional approaches using best practices. You will conduct statistical analyses, contribute to risk system development, and implement risk assessment methodologies.

Responsibilities include credit analysis, approval, and portfolio management, operational risk tasks, and scenario analyses for stress testing.

Qualifications

• Bachelor’s degree or foreign equivalent in Finance, Mathematics, Computer Engineering, or a related field.
• Ten (10) years of progressively responsible experience in the financial services industry, with emphasis on VaR and risk modeling.
• Experience validating simulation-based VaR and Stress VaR, analyzing market data, pricing data, and anomalies.
• Strong automation skills to extract, aggregate data and streamline risk reporting production.
• Ability to monitor fund portfolios for concentrations and collateral weakness and perform margin evaluations.
• Experience analyzing Balance Sheets, Income Statements, and Cash Flows.

Responsibilities

• Coordinate risk management for assigned credit risk focus areas and tailor regional solutions.
• Conduct analyses and develop risk assessment methodologies and contingency plans.
• Prepare credit proposals, documentation, and financial spreads; communicate risks to stakeholders.
• Develop and maintain risk management systems and improve credit policies and procedures.
• Meet with clients to discuss risk exposure, market scenarios, and VaR calculations.

Skills

VaR model validation

Stress VaR validation

Data automation tools

Excel/VBA/SQL

Financial statement analysis

Risk reporting

Hedge fund/mutual fund margin analysis

Client risk discussions

Education

Bachelor’s degree in Finance/ Mathematics/ Computer Engineering or related field

Tools

Excel

VBA

SQL

Job description

Pershing, LLC seeks Senior Vice President, Credit Risk in Lake Mary, FL, to coordinate risk management efforts for the assigned credit risk focus, such as Credit Analysis & Approval/Portfolio Management, Operational Credit Risk, Country Risk or Credit Administration, and customize solutions for each region using knowledge of best practices and growing industry experience. Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models. Contribute to development of risk management systems. Develop or implement risk‑assessment methodologies. Responsible for the accuracy, timeliness and completeness of documentation. Perform Credit Analysis & Approval/Portfolio Management by completing complex analyses of industry, country and counter party credit portfolios and credit portfolio quality. Perform Operational Credit Risk by completing numerous complex credit processing and assessment activities, including credit analysis, underwriting, borrower rating approval and transaction review and approval for intraday credit. Devise scenario analyses reflecting possible severe market events and processes to monitor validity of risk assessments. Develop contingency plans to deal with emergencies. Perform Credit Administration and provide input on the Credit Risk's policies and procedures. Interpret and analyze regulatory requirements that require new or revisions to policy. Contribute to the preparation of credit proposals, preparing documentation, and financial spreads. Document and ensure communication of key risks. Maintain input or data quality of risk management systems. Produce reports or presentations that outline findings, explain risk positions, or recommend changes. Use credit systems such as the credit borrower rating system and credit approval system. Resolve complex system issues and frequently directs the development of credit system best practices. Recommend nuanced policy and procedure improvements. Design remedial solutions and remediation tasks. Contribute to reports on credit quality and asset value changes for the assigned credit discipline. Inform financial decisions by analyzing financial information to forecast business, industry, or economic conditions. Meet with clients to answer queries on risk exposure, market scenarios, or values-at-risk calculations. Recommend ways to control or reduce risk. Remote work may be permitted within a commutable distance from the worksite.

REQUIREMENTS:

Bachelor’s degree, or foreign equivalent, in Finance, Mathematics, Computer Engineering, or a related field, and ten (10) years of progressively responsible experience in the job offered or in a related occupation in the financial services industry. Ten (10) years of progressively responsible experience must include: Validating simulation based VaR and Stress VaR model calculations by evaluating quality of market data, analyzing pricing and risk impact data, and investigating calculation anomalies; Building automation tools to extract and aggregate data, and streamline risk reporting production; Performing analysis on a large volume of data using Excel, VBA, and SQL; Monitoring the fund portfolios for concentrations, illiquidity, and collateral weakness; Analyzing financial statements including Balance Sheets, Income Statements, and Cash Flow Statements; and Performing margin evaluations for hedge fund and mutual fund clients and prospects.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary/range for this position is expected to be $143,250.00 - $190,000.00 per year at the commencement of employment. 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 the 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.

BNY is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans.