Vice President I, Public Financing Credit Risk

at  BNY Mellon

Overview
Vice President, Credit Risk - Public Finance / Not-for-Profit 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 Vice President, Credit Risk II to join our Public Finance & Not-for-Profit Credit Risk team. This role can be located in New York, NY; Pittsburgh, PA; or Lake Mary, FL 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:

Analyzing, preparing and/or reviewing financial analyses for credit approval by Credit Risk (Second Line of Defense) in response to credit requests from First Line of Defense for a diverse array of public finance and not-for-profit borrowers/counterparties on transactions such as direct lending, securities financing, and foreign exchange / OTC derivatives. Sectors include U.S. state & local governments and agencies, endowments and foundations, colleges & universities, and cultural & religious organizations.
Collaborating with internal business partners and First Line of Defense to evaluate purpose of financing, sources of repayment, and quality of collateral (if any) and other terms and conditions of each transaction.
Evaluating and monitoring sectoral trends and creditworthiness of assigned borrowers, making recommendations on internal borrower risk ratings based on the review of annual and interim financial statements, collateral valuation reports, rating agency reports, etc.
Supporting the identification of existing and emerging risks applicable to the Public Finance / Not-for-Profit loan portfolio; assisting with Credit Risk’s risk management and regulatory reporting efforts in the development of loan portfolio data documentation and reporting, and utilization of in-house AI capabilities.

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

Bachelor’s degree in Business, Economics, Finance or related technical discipline, or the equivalent combination of education and work experience is required.
Minimum 4 years of total work experience required. Rating agency or municipal buy/sell side experience a plus.
Excellent communication (verbal and written) skills.
Strong analytical skills
Experience reviewing and knowledge of official statements, audited financial statements, and industry standard documents e.g., ISDA Master Agreement, CSA
At BNY, our inclusive culture speaks for itself. Here’s a few of our awards:
Fortune World’s Most Admired Companies & Top 20 for Diversity and Inclusion
Bloomberg’s Gender Equality Index (GEI)
Human Rights Campaign Foundation, 100% score Corporate Equality Index
Best Places to Work for Disability Inclusion , Disability: IN – 100% score
100 Best Workplaces for Innovators, Fast Company
CDP’s Climate Change ‘A List’
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