BNY · 9 hours ago
Managing Director, Head of the Funds & Asset Managers Credit Risk
New York, NY
Full-time
Onsite
Director/Executive
$136K/yr - $450K/yr
15+ years expBNY is a leading global financial services company that empowers employees to grow and succeed. The Head of the Funds & Asset Managers Credit Risk is a senior leadership role responsible for managing a team of credit risk professionals and overseeing the credit quality and risk management of various fund and asset manager products while leveraging AI-driven insights.
Financial Services
Responsibilities
Lead and manage a global team of credit risk professionals, fostering cross-training, mentoring, and succession planning to ensure continuous coverage and professional development
Provide expert credit oversight for alternative fund structures and asset managers—including Hedge Funds, Private Equity Funds, regulated funds, BDCs, and Investment Managers—while championing the adoption of AI/ML tools (e.g., predictive scorecards, workflow automation) to enhance efficiency and consistency
Oversee credit assessment and approval for a diverse product set: loan finance, subscription finance, structured finance, repo finance, securities lending, and foreign exchange
Perform comprehensive analytical financial reviews, determine credit structures and terms, and exercise approval authority in alignment with the Credit Policy Manual—leveraging advanced analytics to flag emerging risks and commercial opportunities
Serve as a consultative partner and challenger to the first line (1LOD), reviewing all credit requests, offering guidance on deal structuring, and recommending adjustments to align with risk appetite and revenue-enhancement goals
Collaborate with the 1LOD, Chief Credit Risk Officer, Chief Risk Officer, and Risk Analytics (?) teams to align on major credit decisions, escalate complex transactions, and pilot AI-driven credit analytics initiatives
Facilitate and chair the quarterly Funds & Asset Managers Portfolio Management Committee, driving portfolio reviews, risk reporting, and data-backed action plans that balance growth and safeguards
Contribute to the enhancement of credit evaluation methodologies, scorecards, and risk models; identify and implement process improvements using agile “test-and-learn” sprints
Attend client due diligence and site meetings as required to support relationship teams, validate AI-augmented assessments, and uncover opportunities to streamline onboarding
Prepare and deliver periodic written and oral updates to regulators on portfolio performance, emerging risks, AI-enabled enhancements, and policy changes
Ensure credit policies, procedures, and guidelines remain current—updating them for shifting business needs, regulatory expectations, and the integration of smart-automation tools
Participate in quarterly enterprise-wide portfolio review forums, highlighting trends, concentrations, and risk mitigation strategies through interactive dashboards
Qualification
Required
Minimum of 15 years' experience in credit risk management, including 5+ years in a leadership capacity within a global banking or asset management environment
Proven track record of structuring complex credit facilities and managing a diverse portfolio of Alternative Funds, Fund Managers and Non-Bank Financial Institutions
Strong understanding of financial models used in managing counterparty credit risk including stress testing
Demonstrated experience driving digital or AI/ML transformation projects in a risk-management setting
Bachelor's degree in Finance, Economics, Accounting, or related field; MBA or CFA designation preferred
Exceptional analytical and financial-modeling capabilities, with keen attention to detail and comfort using data-visualization tools (e.g., Tableau, PowerBI)
Commercial acumen: ability to translate risk insight into client-centric funding and hedging solutions
Strong leadership, team-management, and talent-development skills, with a 'thrive together' mindset
Excellent communication and stakeholder-management abilities, including presentations to C-suite and regulators
Sound judgment, decisive decision-making, and ability to articulate risk/return trade-offs
In-depth knowledge of credit risk frameworks, policies, scorecards, and regulatory expectations (e.g., Basel, CRD, local regulators)
Digital fluency: familiarity with machine-learning concepts, API integrations
Preferred
MBA or CFA designation preferred
Benefits
Commission earnings
Discretionary bonuses
Short and long-term incentive packages
Company-sponsored benefit programs
Company
BNY
For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Brian A. Ruane
CEO Government Securities Services & Global Client Management
Chris Kearns
CEO, Depositary Receipts
Recent News
PR Newswire
2024-11-01
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