Senior Associate, Credit Risk

Sr. Associate, Credit Risk

At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

We're seeking a future team member for the role of Senior Associate to join our BNY Credit Risk team. This role is located in New York City in a Hybrid work environment.

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

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.

• 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, check out the latest BNY news at:

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• America's Most Innovative Companies, Fortune, 2025
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• "Most Just Companies", Just Capital and CNBC, 2025

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.

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.