Vice President, Commercial Real Estate Review Appraiser

Job Description

We're seeking a future team member for the role of Vice President, Commercial Real Estate Review Appraiser to join our Real Estate Credit Risk team. This role is located in New York City or Pittsburgh, PA.

Position Overview & Team Strategy

The Commercial Real Estate Credit Risk team oversees credit risk strategy, valuation governance, and portfolio risk management for BNY's nationwide commercial real estate (CRE) portfolio, spanning multifamily, affordable housing, office, retail, industrial, mixed-use, and other specialized asset classes. The team plays a critical role in supporting prudent credit decisioning, regulatory compliance, and effective portfolio monitoring oversight across a diverse and complex lending platform.

Reporting to the head of Environmental & Construction Risk, the Vice President, Commercial Real Estate Review Appraiser will be a key member of the Appraisal and Environmental Department (AED), responsible for managing the day-to-day appraisal review pipeline and supporting valuation risk oversight across BNY's CRE portfolio. This role performs detailed review of third-party appraisals, prepares appraisal reviews and internal scorecards, and helps ensure appraisal activities are executed in alignment with BNY's risk appetite, internal policy standards, and applicable regulatory requirements.

In addition to core review responsibilities, this individual supports the operational execution of the appraisal function through vendor coordination, invoice review and approvals, market research support, pipeline reporting, stakeholder communication, and process improvement initiatives. The role works closely with members of AED and key internal partners to help maintain a well-governed and efficient appraisal review process that supports broader CRE portfolio management and monitoring objectives.

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

• Manage the day-to-day CRE appraisal review pipeline, helping ensure timely vendor solicitation, order placement, review completion, status tracking, and effective coordination across active transactions and portfolio monitoring activities.
• Review third-party appraisals across BNY's nationwide CRE portfolio, including multifamily, affordable housing, office, retail, industrial, and mixed-use properties, and assess the reasonableness of valuation assumptions, methodologies, and conclusions.
• Prepare appraisal review reports and internal appraiser scorecards for review by senior management, ensuring clear, accurate, and well-supported analysis.
• Support appraisal review activities in accordance with Uniform Standards of Professional Appraisal Practice (USPAP), Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), interagency appraisal and evaluation guidance, and BNY internal appraisal and credit risk policies.
• Coordinate directly with external appraisers, internal relationship managers, and other first line of defense stakeholders regarding appraisal orders, review status, follow-ups, and issue resolution.
• Assist with day-to-day vendor panel management activities, including helping maintain vendor relationships, monitoring responsiveness and quality, and supporting onboarding efforts for new appraisers as needed.
• Review and process appraisal-related invoices and support the administrative workflow associated with appraisal engagements and reviews.
• Conduct market research and provide analytical support to strengthen appraisal review conclusions, scorecards, presentations, and broader CRE monitoring efforts.
• Prepare bi-weekly pipeline reporting and status updates for the Senior Vice President and head of Environmental & Construction Risk, highlighting workflow trends, challenges, escalation items, and key milestones.
• Escalate review issues, operational bottlenecks, and conflicts in a timely manner, and provide relevant updates and support to the Senior Vice President on items requiring resolution.
• Partner with senior members of AED and other internal stakeholders to support process enhancements, standard operating procedure improvements, and side projects, including strategic and AI-related initiatives.
• Help identify opportunities to improve the efficiency, consistency, and transparency of appraisal review processes in support of stronger CRE portfolio management and monitoring.

To be successful in this role, we're seeking the following:

• 7-10 years of relevant experience in CRE appraisal and appraisal review, including experience reviewing commercial property valuations across multiple asset types and markets. Prior experience within a bank, lending institution, or regulated financial environment is a plus.
• Bachelor's degree from an accredited college or university required; concentrations in Real Estate, Business, Finance, Accounting, or Economics preferred.
• New York State General Appraiser Certification License or Pennsylvania State General Appraiser Certification License required.
• Strong understanding of commercial appraisal principles,…