Associate, Credit Risk I

Associate, Credit Risk 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, Credit Risk I to join our Credit Risk team. This role is located in at Pune, MH in HYBRID.

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

• Supporting credit underwriter for all submitted underwriting packages. Obtaining required information requirements related to the underwriting (ie. exposure summaries, Rating Agency reports, Transaction detail, syndication memorandum, financial information and all other pertinent counterparty information). Set up all necessary internal identification (ie.CIDs) and assure that risk hierarchy structure is aligned accurately. Complete and forward all Administrative Questionnaires. Ensure that Credit Loan Administration has all necessary execution documents upon closing of a transaction/amendment. Follow up as necessary to ensure timely receipt of documents.
• Monitor and remediate, if needed, Counterparty and facility level data (i.e. officer number, org. code, collateral codes, purpose codes, and other facility flag designations). Verify accuracy of data in all credit risk reporting systems.
• Check/monitor internal limit system (AIMS) for commitment reductions/increases. Request and monitor cancellation of facilities. Resolve AIMS limits exceeded or past due fee issues through interaction with other areas of the bank or in direct communication with the customer.
• Obtain all financial statements and compliance certificates; forward all financial statements to be spread. Process, file and track receipt of covenant compliance, financial statements and borrowing base certificates.
• Monitor collateral as necessary and manage correction of shortfalls. Monitor collateral as necessary and manage correction of shortfalls.
• Liaise with internal and external legal counsel as necessary to assist with the preparation of new and renewal loan documentation. Collection and verification of conditions precedent documentation.
• Monitoring and escalate to lenders SLC activity (pricing, renewal), overdrafts, limit excess and as offered exposure (no approved credit limit in place). Monitor fee collection process, as needed.
• Coordinate and assist credit risk officers in data requests from internal risk reporting, finance (external reporting), Regulatory Reporting (14Q Y9C reports) and internal and external auditors.

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

• Bachelor s degree or related technical discipline, or the equivalent combination of education and experience is required. Prior experience/background in credit risk preferred.
• In addition, may require the following experience/skills based on primary duties:
• Ability to assist with the management of diverse lending, operating products, attendant risk, foreclosure, bankruptcy and/or OREO assets is a plus.
• Operational Credit Risk: Experience as an underwriter and assisting with the management of rapid-turnaround, intraday funds transfers and approvals is a plus.
• Country Risk: Experience with borrower rating systems and tracking methodologies, and basic knowledge of fiscal and financial condition indicators is a plus.
• Credit Administration: Experience as an underwriter and familiarity with credit administration systems typically used by financial institutions is a plus.
• Community Reinvestment Act/Appraisal: Basic familiarity with the Community Reinvestment Act and experience conducting real estate appraisals is a plus.

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 is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.