Managing Director, Head of the Funds & Asset Managers Credit Risk

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The Head of the Funds & Asset Managers Credit Risk (2

LOD) is a senior leadership role responsible for managing a team of credit risk professionals overseeing the credit quality and risk management of a broad range of fund and asset manager products. As BNY accelerates its AI-enabled transformation and evolves its second-line model to be more commercially minded, you’ll combine deep analytical rigor with data-driven insights, guiding smart risk decisions while preserving robust 2

LOD governance.

• Lead and manage a global team of credit risk professionals, fostering cross-training, mentoring, and succession planning to ensure continuous coverage and professional development.
• Provide expert credit oversight for alternative fund structures and asset managers—including Hedge Funds, Private Equity Funds, regulated funds, BDCs, and Investment Managers—while championing the adoption of AI/ML tools (e.g., predictive scorecards, workflow automation) to enhance efficiency and consistency.
• Oversee credit assessment and approval for a diverse product set: loan finance, subscription finance, structured finance, repo finance, securities lending, and foreign exchange.
• Perform comprehensive analytical financial reviews, determine credit structures and terms, and exercise approval authority in alignment with the Credit Policy Manual—leveraging advanced analytics to flag emerging risks and commercial opportunities.
• Serve as a consultative partner and challenger to the first line (1
  
  LOD), reviewing all credit requests, offering guidance on deal structuring, and recommending adjustments to align with risk appetite and revenue-enhancement goals.
• Collaborate with the 1
  
  LOD, Chief Credit Risk Officer, Chief Risk Officer, and Risk Analytics (?) teams to align on major credit decisions, elevate complex transactions, and pilot AI-driven credit analytics initiatives.
• Facilitate and chair the quarterly Funds & Asset Managers Portfolio Management Committee, driving portfolio reviews, risk reporting, and data-backed action plans that balance growth and safeguards.
• Contribute to the enhancement of credit evaluation methodologies, scorecards, and risk models; identify and implement process improvements using agile “test-and-learn” sprints.
• Attend client due diligence and site meetings as required to support relationship teams, validate AI-augmented assessments, and uncover opportunities to streamline onboarding.
• Prepare and deliver periodic written and oral updates to regulators on portfolio performance, emerging risks, AI-enabled enhancements, and policy changes.
• Ensure credit policies, procedures, and guidelines remain current—updating them for shifting business needs, regulatory expectations, and the integration of smart-automation tools.
• Participate in quarterly enterprise-wide portfolio review forums, highlighting trends, concentrations, and risk mitigation strategies through interactive dashboards.

• Minimum of 15 years’ experience in credit risk management, including 5+ years in a leadership capacity within a global banking or asset management environment.
• Proven track record of structuring complex credit facilities and managing a diverse portfolio of Alternative Funds, Fund Managers and Non-Bank Financial Institutions.
• Strong understanding of financial models used in managing counter party credit risk including stress testing.
• Demonstrated experience driving digital or AI/ML transformation projects in a risk-management setting.
• Bachelor’s degree in Finance, Economics, Accounting, or…