We’re seeking a future team member for the role of SVP Counterparty Credit Risk Manager –Alternative Asset Managers and Regulated Funds to join our Credit Risk team. This role is located in New York City, New York
BNY is seeking a Senior Counterparty Credit Risk professional with experience covering Alternative Asset Managers (Hedge Funds, Private Equity, Private Credit and BDCs) as well as Regulated Funds (Pensions, Endowments, 40 Act Funds, and Investment Advisors).This role requires strong judgment in counterparty credit risk and familiarity with industry-specific risks associated with alternative asset managers.
The successful candidate will lead complex credit analysis, recommend and monitor counterparty limits, assess market-sensitive exposures, and provide effective challenge to business partners while supporting disciplined growth. This is a hands-on role for someone who can evaluate sophisticated investment strategies, financing structures, leverage, liquidity in a fast-moving market environment.
In this role, you’ll make an impact in the following ways:
- Manage counterparty credit risk across a portfolio of traditional and alternative asset management clients.Responsible for 2LoD credit underwriting processes and ongoing portfolio management.
- Assess and recommend counterparty risk appetite and limits, including fund financing lines and subscription/capital call facilities.
- Review, approve, and monitor exposures arising from capital markets and lending products (e.g. repo, securities financing, foreign exchange, prime brokerage, subscription/capital call facilities, and fund financing arrangements).
- Participate and lead periodic portfolio reviews, including stress analysis and scenario-based assessment of market, liquidity, and concentration risks.
- Identify emerging risks, deteriorating trends, and exceptions to risk appetite; escalate issues clearly and promptly.
- Partner with front office, legal, documentation, and other risk stakeholders on transaction review, client onboarding, and legal negotiation.
- Drive consistency in underwriting standards and monitoring processes.Recommend and lead initiatives that improve processes and increase the firm’s ability to accurately and quickly identify emerging risk issues.
- Experience building and maintaining risk frameworks and processes, collaborating with business and corporate function partners, and supporting other staff to ensure accurate, timely implementation and consistent practices.
- Provide guidance and review to junior team members, helping to maintain high standards of analysis, documentation, and judgment.
To be successful in this role, we’re seeking the following:
- Bachelor’s degree in finance, economics, accounting, or another relevant discipline is required.
- MBA, CFA, or Series 7/63 preferred.
- 7+ years of relevant experience e.g. in related counterparty credit risk roles or comparable buy-side roles. The ideal candidate has experience underwriting or managing credit exposure to hedge funds, alternative investment managers, regulated funds, or similar institutional counterparties.
- Strong understanding of underlying mechanics and risks associated with various capital markets products and lending practices.
- Makes clear, well-founded decisions under pressure, and in line with the firm’s risk appetite.
- Excellent written and verbal communication skills and the ability to engage constructively with senior stakeholders across business and risk functions.
- Experience with legal and credit documentation such as ISDA, CSA, GMRA, prime brokerage agreements, and lending covenants.
- Familiarity with stress testing, exposure measurement, and market risk concepts relevant to counterparty credit risk.
- Strong data analytics and AI prompting skills; Excel, Tableau and PowerPoint skills preferred.
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, 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.
