Senior Associate, Credit Risk

Senior Associate, Credit Risk - Affiliates & Subsidiaries

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 Senior Associate to join our Affiliates & Subsidiaries team in Credit Risk. This role is located in Pittsburgh, PA in a Hybrid work environment.

About the team:

At BNY, the Credit Risk group performs the review, challenge, oversight, and guidance of the firm's lending activities to our clients. Within Credit Risk, the Affiliates & Subsidiaries team supports the firm's risk management efforts surrounding our responsibilities for lending to our own BNY umbrella companies.

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

• Writing, preparing and/or reviewing analyses of creditworthiness of financial institutions owned by BNY, including banks, broker-dealers and asset managers, and mutual funds sponsored and advised by BNY.
• Writeups cover purpose of financing, sources of repayment, and quality of collateral (if any) in response to requests for credit directly from an affiliate or subsidiary or through Treasury, Finance, or a line of business on behalf of an affiliate or subsidiary. Types of financing include loans, lines of credit, letters of credit, repos/reverse repo, term deposits, intraday credit, foreign exchange and interest rate swaps.
• Proposing internal credit ratings.
• Partnering with Legal to prepare credit and other agreements.
• Confirming compliance with applicable credit approval authority policies and all other applicable policies.
• Confirming compliance with applicable banking regulations, including Regulation W.
• Overseeing the collection and review of financial statements of borrowers.
• Tracking borrower compliance with financial reporting and other covenants within credit and other agreement.
• Assisting with risk management efforts for the Affiliates & Subsidiaries team. Helping with the development of reporting as needed.
• Working closely with the credit portfolio manager.

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

• Bachelor's degree is required. Finance, Accounting, Economics, or other business-related course study preferred.
• Strong writing and analytical skills required.
• Excellent communication (verbal and written) skills required.
• Prior experience/background in credit underwriting preferred
  
  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 if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM 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.