Job Description:Job Title Credit Risk Manager, Wealth Management - U.S. Commercial Real Estate
Corporate Title Vice President
Location New York, NY
What You'll Do - Manage a portfolio focused on recourse commercial real estate transactions within the Wealth Management division
- Partner directly with Relationship Managers and product specialists -and, where required, with clients- to understand credit requirements and optimize risk structures. Provide detailed risk analysis, communicate decisions promptly and transparently and clearly document approval conditions
- Monitor the portfolio to identify emerging risks promptly and assess how global, regional, and local market events could affect individual exposures and the portfolio as a whole. Maintain satisfactory portfolio quality by managing risk concentrations and limits within approved risk appetite and in accordance with applicable policies and regulations
- Work with both internal and external auditors to ensure that audits progress smoothly and any issues raised are resolved promptly. Support any ad hoc projects assigned
- Maintain strong credit and operational discipline by ensuring that trades are properly booked and recorded, covenants and conditions are monitored on time, credit terms are documented accurately, and risk-reporting systems contain complete, timely, and accurate information
How You'll Lead - Provide leadership, guidance, and mentorship to colleagues at different levels of seniority, strengthening the team's commercial real estate expertise and supporting continued professional growth
- Set clear objectives and strategic priorities for yourself and assigned resources, ensuring alignment with departmental and bank-wide goals
- Drive continuous improvement in processes, analytics, and reporting capabilities
Skills You'll Need - Extensive relevant experience in commercial real estate, including recourse analysis, together with strong analytical skills and experience in corporate credit risk assessment
- Understanding of a broad range of Wealth Management investment, lending, and derivative products
- Familiarity with legal documentation and credit-risk considerations, including risk-mitigation features
- Strong written and verbal communication skills, including the ability to produce concise, decision-ready credit reports
- An open mindset and respect for constructive challenge and differing stakeholder perspectives
- Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs
Skills That Will Help You Excel- Strong analytical judgment and the ability to make independent decisions, explain the supporting rationale, and defend conclusions when challenged
- Team-oriented, flexible, and self-motivated, with a strong commitment to delivering high-quality work
- Ability to work effectively across cultures and personal styles, build strong partnerships with a range of stakeholders, and deliver high-quality work under pressure and within deadlines
- Preferred qualification: a bachelor's or master's degree in engineering, mathematics, economics, statistics, finance, or a related field; an MBA is also valued
- Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs
ExpectationsIt is the Bank's expectation that employees hired into this role will work in the New York office in accordance with the Bank's hybrid working model.
The salary range for this position in New York City is $125,000 to $222,500. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.
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