Director, Head of Enterprise Collateral Risk (2LOD)

We’re seeking a future team member for the role of Director, Head of Enterprise Collateral Risk (2LOD) to join our Credit Risk team. This role is located in New York City, New York or Pittsburgh, PA

The Head of Enterprise Collateral Risk (2LOD) is a senior leadership role responsible for overseeing collateral risk across a broad range of financing transactions. As BNY accelerates its AI-enabled transformation and evolves its second-line model to be increasingly commercially minded, this leader will combine deep analytical rigor with data-driven insight to support smart risk decisions while maintaining strong 2LOD governance.

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

• Provide expert second-line oversight of enterprise-wide financial collateral risk across a diverse set of financing products, ensuring activity remains within established risk appetite.
• Act as a consultative partner and effective challenger to the first line of defense (1LOD), reviewing collateral and margin requests, advising on transaction structuring, and recommending adjustments that align with risk appetite and revenue objectives.
• Partner with 1LOD, Credit Risk, and Risk Analytics teams to strengthen collateral standards, including robust stress-testing methodologies.
• Lead the quarterly Collateral and Margin Review Committee, driving portfolio reviews, risk reporting, and data-backed action plans that balance growth with appropriate safeguards.
• Drive enhancement of analytics used to assess collateral risk and related margin exposure.
• Prepare and deliver periodic written and verbal updates to regulators on portfolio performance, emerging risks, and policy developments.
• Ensure financial collateral risk policies, procedures, and guidelines remain current, reflecting evolving business needs, regulatory expectations, and the integration of intelligent automation tools.
• Participate in quarterly enterprise-wide portfolio review forums, highlighting trends, concentrations, and risk mitigation strategies through dashboards and management reporting.

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

• 10–15 years of experience in credit and/or market risk management.
• Proven track record in assessing the risk of global financial instruments.
• Demonstrated experience leading digital, data, or AI/ML transformation initiatives within a risk management environment.
• Bachelor’s degree in Finance, Economics, Accounting, or a related field required; MBA or CFA preferred.
• Exceptional analytical and financial modeling skills, with strong attention to detail and proficiency in data visualization tools such as Tableau or Power BI.
• Strong commercial acumen, with the ability to translate risk insights into client-focused financing solutions.
• Proven leadership capability with a strong “Thrive Together” mindset.
• Excellent communication and stakeholder management skills, including experience presenting to senior executives and regulators.
• Sound judgment and decisive decision-making, with the ability to clearly articulate risk/return trade-offs.
• Deep knowledge of credit risk frameworks, policies, scorecards, and regulatory expectations, including Basel, CRD, and local regulatory requirements.
• Digital fluency, including familiarity with machine learning concepts, API integrations, and intelligent workflow tools

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.

At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn

 Here’s a few of our recent awards:

• America’s Most Innovative Companies, Fortune, 2025
• World’s Most Admired Companies, Fortune 2025
• “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 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.