BNY Mellon Careers

Principal, Credit Risk

Jersey City, New Jersey

Job Description

Works on Credit Risk projects from beginning to completion, owning the transformation effort.  Directs risk management efforts for the assigned credit risk focus, such as Credit Analysis & Approval/Portfolio Management, Country Risk or Credit Administration, and customizes solutions for each region using knowledge of best practices and growing industry experience. Responsible for the accuracy, timeliness and completeness of documentation and reporting completed by more junior professionals. Ensures each region is adhering to the risk management strategy of the assigned credit risk discipline or develops strategies to bring the regions into compliance with complex, regional and global regulatory and policy requirements. Contributes to the global identification of existing and emerging risks that are applicable to the assigned credit risk discipline and implements solutions. Ensures the proper documentation is completed when strategy changes are made. Primary duty for each discipline is as follows: Credit Analysis & Approval/Portfolio Management: Independently completes complex analyses of industry, country and counter party credit portfolios and credit portfolio quality. Interacts frequently and independently with senior portfolio managers. Directs less experienced professionals in completing legal documentation processes and structuring term sheets and deals.  Attends and may contribute to meetings with clients, other banks, multi-bank credit facilities and peers within the industry.


Manages and provides input on Credit Risk's policies and procedures. Interpret and analyze regulatory requirements that require new or revisions to policy. Directs less experienced professionals in assisting in credit reviews or credit submissions and other related activities and operations for the various credit portfolios. Expertly uses credit systems such as the credit borrower rating system and credit approval system. Resolves complex system issues and frequently directs the development of credit system best practices.


Uses growing industry experience and knowledge of best practices to contribute to the development of the global strategy for analyzing industry, country and/or counter party credit quality for the assigned credit risk discipline. Builds familiarity with regional differences and appropriately requests advice from regional subject matter experts, as needed. Implements new, approved Credit Analysis & Reporting, Country Risk or Credit Administration risk management solutions that comply with regulatory requirements. Delegates improvement activities to more junior professionals. Contributes to reports on credit quality and asset value changes for the assigned credit discipline. No direct reports; provides guidance to more junior team members and assigns tasks. Directs the achievement of multiple Credit Analysis & Approval/Portfolio Management, Operational Credit Risk, Country Risk or Credit Administration teams' objectives. Modified based upon local regulations/requirements. 


- Bachelor’s degree or related technical discipline, or the equivalent combination of education and experience is required.

- Family Requirements: 10-12 years of total work experience preferred.

- Prior experience/background in credit risk preferred.

- Strong project management skills

- Strong experience with SQL/Microsoft access and able to work with and analyze large data sets

- Strong experience of financial products

- In addition, may require the following experience/skills based on primary duties: Discipline Requirements: Credit Analysis & Approval/Portfolio Management: 

- Formal credit training preferred.

- Ability to assist with the management of diverse lending, operating products, attendant risk, foreclosure, bankruptcy and/or OREO assets.

- Series 7 preferred

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

Primary Location: United States-New Jersey-Jersey City
Internal Jobcode: 85149
Job: Risk
Organization: Pershing Domestic-HR06431
Requisition Number: 1817996