Senior Associate, Credit Risk

at  BNY Mellon

Overview
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.

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:

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