Senior Vice President, Credit Risk

BNY; Florida; On-site; USD 143,250 - 190,000; Full time

Job summary

BNY seeks a Senior Vice President for Credit Risk in Lake Mary, FL. This role involves coordinating risk management efforts, conducting analyses, and developing methodologies for credit assessment.

Candidates should hold a Bachelor's degree with at least ten years in financial services, specifically in risk analysis and management. The role allows for remote work within commutable distance. A competitive salary range is provided, depending on experience.

Qualifications

• Ten years of experience in financial services, focusing on risk management.
• Experience with validating VaR and Stress VaR model calculations.
• Proficient in data extraction and performance analysis.

Responsibilities

• Coordinate risk management efforts within assigned credit focus.
• Conduct statistical analyses and develop risk-assessment methodologies.
• Prepare credit proposals and communicate key risks.

Skills

Credit Analysis

Data Analysis

Risk Management

Financial Modelling

Client Communication

Education

Bachelor's degree in Finance, Mathematics, or related field

Tools

Excel

VBA

SQL

Job description

Overview

Pershing, LLC seeks Senior Vice President, Credit Risk in Lake Mary, FL, to coordinate risk management efforts for the assigned credit risk focus (Credit Analysis & Approval/Portfolio Management, Operational Credit Risk, Country Risk or Credit Administration) and customize solutions for each region using 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 and risk-assessment methodologies. Responsible for the accuracy, timeliness and completeness of documentation.

Responsibilities

• Perform Credit Analysis & Approval/Portfolio Management by completing complex analyses of industry, country and counterparty credit portfolios and credit portfolio quality.
• Perform Operational Credit Risk 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 monitor validity of risk assessments; develop contingency plans to deal with emergencies.
• Perform Credit Administration and provide input on policies and procedures; interpret and analyze regulatory requirements requiring new or revised policy.
• Contribute to the preparation of credit proposals, documentation, and financial spreads; communicate key risks.
• Maintain data quality of risk management systems; produce reports or presentations that explain findings or recommend changes.
• Use credit systems such as the credit borrower rating system and credit approval system; resolve complex system issues and contribute to best practices.
• Design remedial solutions and remediation tasks; contribute to reports on credit quality and asset value changes; inform financial decisions by analyzing financial information.
• Meet with clients to discuss 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.

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, including: validating VaR and Stress VaR model calculations; building automation tools to extract and aggregate data; performing data analysis with Excel, VBA, SQL; monitoring fund portfolios for concentrations, illiquidity, and collateral weakness; analyzing financial statements; and performing margin evaluations for hedge fund and mutual fund clients.

Compensation & Other Details

The base salary/range for this position is expected to be $143,250.00 - $190,000.00 per year at start; actual base salary is determined on experience and market location and may be part of total compensation including incentives and benefits.

Equal Opportunity

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