BNY Mellon

Bring your ideas. Make history.  

BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.

With over 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.

Team Description:

Real Estate Credit Risk ensures the effective management and implementation and adherence to the credit risk management strategy for the Bank’s and our clients’ real estate portfolios. Our credit portfolio consists of multifamily, affordable housing, office, retail, industrial, mixed-use, and other commercial real estate located nationwide.

Responsibilities:

The VP, Commercial Real Estate Review Appraiser is responsible for the review of Commercial Real Estate appraisals for properties located nationwide. This role will support the bank’s Chief Appraiser in assuring that policies and procedures are consistent with the Bank's appetite for risk and for compliance with various federal regulations. 

We are looking for a person who is an industry expert and experienced with regulatory, compliance, policies and procedures, service, process improvement, product enhancement and development, vendor/contract relationships, and other areas related to appraisal order management and review. A successful candidate will possess an in-depth knowledge of all aspects of the appraisal processes, order management, problem solving skills, and the current regulatory environment. This position requires excellent communication, interpersonal, and leadership skills to support the success of BNY Mellon’s Commercial Real Estate lending business.

Qualifications:

• Minimum of 7-10 years of experience in real estate appraisal processes and review for commercial real estate properties nationwide required.
• New York State General Appraiser Certification License. Pennsylvania State General Appraiser Certification License a plus.
• Bachelors degree from an accredited college/university is required. Major concentrations in Real Estate, Business, Finance, Accounting, or Economics is preferred.
• Strong organizational skills and the ability to write clearly and concisely; previous experience having given presentations, public speaking, or formal communications experience is a plus.
• Experience reviewing appraisals for Low Income Housing Tax Credit (LIHTC) affordable housing.
• Experience reviewing Environmental Site Assessment reports a plus (Phase I/II, etc.)
• Strong proficiency with the following software:
  • DCF software (Argus/Rockport VAL)
  • CoStar/REIS
  • Microsoft Office including Excel, Word, PowerPoint
  • Appraisal-ordering-operating systems

Our Benefits:

BNY Mellon 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 that can support you and your family through moments that matter. 

Base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and company- sponsored benefit programs.

BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $66,000 and $120,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.

Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.