Senior Associate, Credit Risk
Bnymellon
Apply to this job New York, NY, US Until 8/23/2026 H-1B sponsor history First posted June 3, 2025 Last posted June 3, 2025
Job description
Sr. Associate, 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 Sr. Associate, to join our Credit Risk team, covering the Tax Equity, Utilities, and Leasing portfolios. This role is located in New York City in a Hybrid work environment.
About the team:
Credit Risk ensures the effective management and implementation and adherence to the credit risk management strategy for the Bank. The Senior Associate, Credit Risk will be part of a team that has responsibility for reviewing Tax Equity, Utility, and Leasing Portfolios, and will assist with various projects within Credit Risk.
In this role, you’ll make an impact in the following ways:
- Writing, preparing and/or reviewing second line of defense, “2LOD” analyses for Tax Equity Transactions, and assisting with the review of analyses for the utility and leasing portfolios.
- Writeups cover purpose of financing, sources of repayment, and quality of collateral (if any) in response to requests for tax equity investments or credit from Tax, Institutional Lending or lines of business (first line of defense, “1LOD”).
- Monitoring news of assigned sponsors, counterparties, and borrowers, may involve recommendations on re-ratings of internal borrower credit ratings, reviewing financial statements, earnings reports, rating agency/analyst/industry reports.
- Assisting with risk management efforts and special projects for the General Corporate credit risk group (second line of defense, “2LOD”), such as Credit Analysis & Approval and Portfolio Management. Helping with the development of documentation and reporting as needed. Special projects may include regulatory remediation efforts, portfolio monitoring and reporting, and industry-specific analyses.
- Working closely with credit relationship managers, portfolio management, 1LOD/client executives, and with analyst teams
- Helping to identify existing and emerging risks that are applicable to the assigned credit risk portfolio given industry trends, economic conditions, current events, etc.
To be successful in this role, we’re seeking the following:
- 3-5 years of total work experience preferred.
- Prior experience/background in credit risk preferred. Prior history working in Credit Research, Credit Analysis or Approvals, or Portfolio Management is also desirable
- Formal credit training highly preferred.
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 for this position is expected to be between $58,000 and $95,000 per year at the commencement of employment. However, 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.
BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $58,000 and $95,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY 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.
About this role
Summary
Manage credit risk for Tax Equity, Utilities, and Leasing portfolios.
Job title
Senior Associate, Credit Risk
Experience level
3-5 years
Industry
finance
Location requirements
New York City, hybrid work allowed
Salary
$58,000 - $95,000
Visa sponsorship
H-1B sponsor history
Management role
No
Skills & keywords
Required skills
credit riskcredit researchcredit analysisportfolio managementcredit training
Preferred skills
None specified
Specializations
credit riskportfolio managementcredit analysistax equityutilities
Locations
Structured locations inferred from the posting.
New York, NY, USA
Hybrid City
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