Associate, Credit Risk Administration I

Associate, Credit Risk Administration I

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 1, to join our Credit Risk team. This role is located in Pittsburgh, PA in a Hybrid work environment

About the team:

At BNY, the Credit Risk group performs the review, challenge, oversight, and guidance of the firm’s lending activities to our clients.[RG2] 

In this role, you’ll make an impact in the following ways: 

• Assists with risk management efforts for the assigned credit risk focus, such as Credit Analysis & Approval/Portfolio Management. Helps with the development of documentation and reporting. 
• Work alongside application business managers to elevate technology and consistently apply best practices. Collaborate closely with all the other members of the team to take shared responsibility for the overall efforts that the team has committed to. Collaborate cross-functionally with data engineers, business users, project managers to implement requested and required application changes to the Credit Approval and Rating System. 
• Work alongside model risk team in the development and maintenance of rating score cards and testing.  Manage implementation of updates to the rating application for business users. Collaborate closely with all the other members of the team to manage and address issues raised up related to the rating workflows. 
• Helps to improve each region's adherence to the risk management strategy of the assigned credit risk discipline. 
• Interact with credit officers and portfolio managers, as needed. 
• Reviews work with more senior professionals and should exhibit strong verbal communication and interpersonal skills while collaborating with other. 
• Build familiarity with regional differences. Contributes to the implementation of new, approved Credit Analysis & Reporting, Operational Credit Risk, Country Risk or Credit Administration risk management solutions that comply with regulatory requirements. 

To be successful in this role, we’re seeking the following: 

• Bachelor’s degree in business, accounting, or similar degree field is required. 
• 1 years total work experience is required. 3 years of experience in credit risk preferred. 
• Excellent and demonstrable communication, written, and presentation skills are required. 
• Strong data analysis and data presentation skills 

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

Our Benefits and Rewards: 

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. 

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

 

This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.