Intraday Credit Risk Analyst

Job Description

 

Intraday Credit Risk (ICR) has Global responsibility for Credit Risk oversight for Asset Servicing, Corporate Trust and Treasury Services.  The group provides credit analysis and underwrites credit limits, in line with the relevant Risk and Credit policies, for each line of business (LoB).  ICR EMEA has teams based in both Brussels and London who form part of a follow the sun Credit model, which includes colleagues in both Asia and North America.

 

Credit Risk Analyst

  Description:

The role encompasses the analysis of the Bank’s clients and counterparties, utilising credit rating scorecard methodologies to determine and propose internal credit ratings.  Intraday monitoring of cash and securities transactions, where credit limits have been exceeded, and assessment for potential exceptional approval where appropriate.  This can be a fast pace, high volume environment requiring strong organisational skills.  Training will include getting to know Global Funds Control (GFC) BNYM’s main intraday Credit Risk monitoring tool, other bank operating systems and an introduction to the techniques for determining and analysing specific company/fund/industry risks and mitigants, internal credit rating processes and common transaction types.  The incumbent will also be exposed to the bank’s reporting, tracking systems, and credit risk databases.

 

Interaction of credit risk analyst is primarily internal within Risk Management and with multiple contacts within the LoB’s that ICR supports.

 

Key Roles & Responsibilities:

 
  1. Review of transactions held within GFC where the client has either no credit approved or their limits have been breached.  This requires knowledge of bank systems, to ensure that all available information is checked, along with communication with colleagues within Operations and Client Service.
 
  1. Recommending Borrower Ratings for clients of Asset Servicing: reviewing financial information, constitutional documentation, mutual fund prospectuses for a broad range of clients, predominately financial institutions, including: Pension Funds, Mutual Funds, Charities & Endowment Funds and Foundations.  Such credit reviews will enable the candidate to fill out Credit Risk Scorecards that generate proposed internal borrower ratings.  Analysts learn about the underlying liquidity of clients’ securities portfolios, contractual protections within custody agreements and develop knowledge of European financial regulation applicable to the bank’s clients and are required to use solid judgement in assessing the quality of clients, their investment managers or plan sponsors.
 
  1. Provision of data and analysis for internal risk committees, senior management, auditors and to support ad hoc projects within Risk Management or partner LoB’s.
  Qualifications:   Business Expertise:

Must have an ability to understand how credit is used to facilitate intraday movements of cash and securities.  Must have, or be able to develop, an understanding of capital markets and investment management.  Candidates also need to have an understanding of regulatory frameworks and their impact on the Bank’s credit view of clients/counterparties.

  Problem Solving:

Must be able to use sound judgement when assessing a client’s relative creditworthiness using a scorecard and making informed judgements regarding the quality of assets and the underlying counterparty.

  Nature & Area of Impact:

By accurately proposing client Borrower Ratings downstream decisions are enhanced by having an accurate view of the counterparty.  Additionally, they do impact the amount of capital the Bank must hold against any overdraft credit that may be extended to clients.

  Interaction & Interpersonal Skills:

Candidates must be able to appropriately interact with other Credit Risk Professionals, at all levels of seniority, explain their rationale their credit reviews and defend them when questioned, additionally being able to discuss with Relationship Managers and Client Service Officers how documentation and structuring issues may impact the credit view of a client.

    Skills/Knowledge:
  • Minimum a Bachelor’s degree, preferred in finance, accounting and/or mathematics, or equivalent level of knowledge and experience gained within banking/finance to meet the requirements of the role
  • Strong oral and written communication
  • Good knowledge of BNYM’s cash and securities platforms – IMMS & GSP
  • Understanding of securities markets and settlements


Qualifications

Demonstrable Skills

·         Strong analytical thinking and problem solving skills

·         Ability to work independently

·         PC Literacy, including proficiency in Excel, Work, PowerPoint and web based platforms

·         Fluent in French/Dutch and English



BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: Belgium-Brussels-Capital Region-Brussels
Job: Risk
Internal Jobcode: 85146
Organization: Risk-HR06016
Requisition Number: 1915786