Director, Credit Services

BNY Mellon

$150K — $200K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Prime Brokerage experience with expertise in financing risk
  • Strong analytical skills for evaluating portfolios and interpreting analytics
  • Excellent written and verbal communication skills for presenting complex topics
  • Preferred Bachelor's degree in a STEM-related discipline or equivalent quantitative experience
  • Ability to effectively utilize AI tools for productivity and decision support
  • Experience in leading due diligence and underwriting for Wealth Management clients
  • Collaboration with quantitative and engineering teams to enhance risk frameworks
  • Familiarity with governance processes in a First Line Risk/Credit environment

Responsibilities

  • Lead due diligence reviews for Wealth Management clients and broker-dealers
  • Provide subject-matter leadership on financing risk and Prime Brokerage risk
  • Perform oversight and analysis of portfolios to support risk decisions
  • Partner with Quants and Engineering for modernizing risk management frameworks
  • Communicate findings and recommendations to senior stakeholders

Benefits

  • Access to flexible global resources for personal and professional development
  • Focus on health and personal resilience
  • Generous paid leave policies, including paid volunteer time
  • Participation in a competitive 401(k) plan and health insurance options
  • A strong culture of excellence and results-driven rewards program
Full Job Description
Job Description

We're seeking a future team member for the role of Director, Credit Services to join our team. This role is located in New York, NY.

The Director will lead due diligence and ongoing risk oversight related to Wealth Management clients and broker-dealers, with a focus on financing risk and Broker dealer financing / Prime Brokerage. The role requires strong analytical skills to evaluate portfolios and risk metrics, strong communication skills to drive clear decisions and stakeholder alignment, and the ability to partner with Quants and Engineering to enhance risk management frameworks (margins, stress testing, monitoring).

In this role, you'll make an impact in the following ways:
  • Lead due diligence reviews for Wealth Management clients and broker-dealers, from initial assessment through approval and periodic refresh.
  • Provide subject-matter leadership on financing risk and Prime Brokerage risk topics, including evaluation of client activity, exposures, and risk appetite alignment.
  • Perform and oversee portfolio-based analyses (sample portfolios, portfolio analytics, stress outcomes, concentration reviews) to support underwriting and risk decisions.
  • Partner with 2nd Line, Quants and Engineering to improve and modernize the risk management framework (e.g., margin methodologies, stress testing approaches, monitoring and escalation controls).
  • Communicate findings and recommendations clearly to senior stakeholders and forums; influence outcomes through crisp, well-supported narratives.


To be successful in this role, we're seeking the following:
  • Prime Brokerage experience (required), with demonstrated expertise in financing risk.
  • Strong analytical skillset with hands-on ability to evaluate portfolios and interpret portfolio analytics and stress results.
  • Strong communication skills (written and verbal), including the ability to present complex risk topics succinctly to senior audiences.
  • Preferred Bachelor's degree in a STEM-related discipline (or equivalent quantitative background).
  • AI proficiency - demonstrated ability to use AI tools to improve productivity and decision support (analysis, summarization, workflow acceleration), with appropriate judgment and governance mindset.
  • Experience leading due diligence / underwriting work for Wealth Management clients and/or broker-dealers.
  • Experience working closely with quantitative and engineering teams to deliver enhancements to risk analytics, monitoring, margining, or stress testing frameworks.
  • Familiarity with governance processes and escalation mechanisms in a First Line Risk/Credit environment.


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 expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.

Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

Similar Jobs

More Jobs at BNY Mellon

More Finance & Insurance Jobs

Find similar Director, Credit Services jobs: