Deputy Director, Credit Risk
Description
The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City.
Area of Talent: Credit Risk/Affordable Housing
Position Type: Full Time/Exempt
Salary Range: $140,000 to $150,000
Location: NYC/Financial District
Position Summary:
The Deputy Director, Credit Risk, will support the Chief Risk Officer and Credit Risk team in evaluating and managing credit risk to protect HDC's financial integrity.
This role reports to the Chief Risk Officer.
Responsibilities:
- Assist in developing and reviewing credit risk management policies and procedures that will protect HDC’s interests and maintain the financial integrity of financing
- Conduct risk assessments of various types of credit risk faced by HDC
- Administer HDC’s Credit Committee, including the scheduling of meetings, posting of Credit Committee memos, reviewing all credit proposals, and liaising with the Development team to move the project pipeline through the credit approval process
- Finalize credit memos by ensuring they are complete, current and signed
- Collaborate with internal and external teams on credit initiatives (such as loan funds, credit facilities, and other underwriting-related issues)
- Assess and monitor credit quality across HDC in alignment with HDC’s credit policies and report the results of these assessments to the Credit Committee and Audit Committee (as needed)
- Review and approve financial counterparties
- Review insurance companies for compliance with HDC’s credit requirements
- Mentor and provide leadership, expertise, and guidance to junior members of the team
- Remain current on credit, financial, accounting, and tax changes related to real estate and affordable housing development that may impact HDC and its financings
Required Qualifications:
- Bachelor’s degree in finance, economics, or urban studies, or a satisfactory combination of education and/or experience that is equivalent to the above
- Minimum experience of seven years in credit analysis, real estate finance, or affordable housing development
- Proficiency with computer programs for financial analyses and database management
- Excellent oral and written communication skills
Preferred Qualifications
- Advanced degree in finance, economics, or urban studies, or equivalent experience
- Familiarity with Federal, State, and City housing programs
- Credit training at a financial institution
Please submit a cover letter with your resume. You may also fax your resume and cover letter to (212) 227-6816.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits, including:
- Health Benefits at a reasonable cost
- Dental and Vision Benefits at no cost
- Retirement savings plan with a generous match and a pension plan
- Paid holiday, vacation, sick time and parental leave
- Professional development opportunities
- Public Service Loan Forgiveness for eligible employees
- Wellness reimbursement
- Back-up Caregiver Benefit
HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.
HDC is committed to the full inclusion of all qualified individuals. As part of this commitment, HDC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please complete the reasonable accommodations section on the application or contact Human Resources by emailing [email protected].