Associate, Credit Risk II

at  BNY Mellon

Overview
Associate, Credit Risk
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 Associate, Credit Risk to join our Asset Recovery team. This role is located in Pittsburgh, PA in a Hybrid work environment.

EMPLOYER DESCRIPTION:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world’s financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It’s the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

IN THIS ROLE, YOU’LL MAKE AN IMPACT IN THE FOLLOWING WAYS:

Performs due diligence on delinquent loans and follows up with Bankers and Lenders
Reviews asset recovery risk classifications for deteriorating credits to ensure compliance with policies and procedures.
Assignments will contribute to the implementation of new or revised reporting, credit risk and accounting process policies, procedures and reporting templates in order to provide effective financial planning, accounting and reporting of financial information.
Responsible for the accuracy, timeliness and completeness of documentation and reporting completed by other Bank professionals and managers.
Special projects as directed by Asset Recovery management.
Serves as backup Collector of delinquent loans including verbal and written communications with Bank borrowers.
Develop experience with internal accounting and credit systems, and external servicer systems.
May be involved in analyzing and preparing ad hoc and standard reporting for delinquent loan portfolios. Reviews real estate appraisals for commercial and residential properties as directed.
Check appraisal policies and procedures for consistency with the Bank’s risk appetite and for compliance with various standard regulatory requirements.
Under direct supervision, contributes to analyses of existing and proposed legislation, regulatory announcements and industry practices that are applicable to the assigned credit risk discipline. Reviews work with more senior professionals.
Assists with the assessments of the effectiveness of current Credit Analysis & Approval/Portfolio Management, Operational Credit Risk, Country Risk or Credit Administration risk identification and mitigation projects.

TO BE SUCCESSFUL IN THIS ROLE, WE’RE SEEKING THE FOLLOWING:

Bachelor‘s degree or related technical discipline, or the equivalent combination of education and experience is required.
2-5 years of total work experience preferred.
Prior experience/background in credit risk preferred: Credit Analysis, Loan Portfolio Analysis or Management, Loan Collections
Formal Credit or Collection training or experience is preferred
Ability to assist with the management of diverse lending, operating products, attendant risk, foreclosure, bankruptcy and/or OREO assets.
Experience with borrower rating systems and tracking methodologies, and basic knowledge of fiscal and financial condition indicators. Credit Administration:
Experience as an underwriter and familiarity with credit administration systems typically used by financial institutions.
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