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Sovereign Risk Jobs (NOW HIRING)

BNY

Director, Country Risk Manager

Pittsburgh, PA · On-site

Oversee monitoring of sovereign, macroeconomic, geopolitical, and broader country risk developments. * Coordinate country risk reporting, emerging risk analysis, and materials for senior management ...

Vangard, Inc.

Sovereign Analyst

Malvern, PA

Monitor regional macroeconomic, political, and market developments and understand the evolving risk factors that drive sovereign yields, curve dynamics, and FX performance across Latin America.

Vanguard Group, Inc.

Sovereign Analyst

Malvern, PA · On-site

Monitor regional macroeconomic, political, and market developments and understand the evolving risk factors that drive sovereign yields, curve dynamics, and FX performance across Latin America.

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How much do sovereign risk jobs pay per hour?

As of Aug 21, 2026, the average hourly pay for sovereign risk in the United States is $30.34, according to ZipRecruiter salary data. Most workers in this role earn between $19.47 and $38.70 per hour, depending on experience, location, and employer.

What is sovereign risk?

Sovereign risk refers to the risk that a government might default on its debt obligations or otherwise fail to meet its financial commitments. This type of risk can arise from political instability, economic downturns, or changes in government policies that affect the ability or willingness to repay foreign or domestic debts. Investors, banks, and financial institutions assess sovereign risk when dealing with bonds, loans, or other investments tied to a country's government. Managing sovereign risk is critical for international lenders and investors seeking to minimize potential losses.

What are the typical challenges faced by professionals working in sovereign risk analysis?

Professionals in Sovereign Risk analysis often navigate complex geopolitical environments, fluctuating economic indicators, and rapidly changing policy landscapes. A key challenge is staying updated on global events and interpreting their potential impact on a nation's creditworthiness. The role typically involves synthesizing large volumes of data and collaborating with economists, portfolio managers, and external analysts to provide timely risk assessments. Additionally, adapting to evolving regulatory frameworks and communicating nuanced findings to both technical and non-technical stakeholders are integral parts of the job.

What are the key skills and qualifications needed to thrive as a sovereign risk analyst, and why are they important?

To thrive as a Sovereign Risk Analyst, you need strong quantitative analysis skills, a solid understanding of macroeconomics, and typically a degree in finance, economics, or a related field. Proficiency with financial modeling tools, databases like Bloomberg or Reuters, and risk assessment frameworks is essential. Outstanding critical thinking, attention to detail, and effective communication skills set top performers apart in this role. These capabilities are crucial for accurately assessing country-specific risks, supporting informed investment decisions, and safeguarding institutional assets.

What is the difference between Sovereign Risk vs Credit Analyst?

AspectSovereign RiskCredit Analyst
Required credentialsTypically degrees in finance, economics, or related fields; certifications like CFA beneficialSimilar credentials; CFA often preferred
Work environmentFinancial institutions, government agencies, international organizationsBanks, investment firms, credit rating agencies
Industry usageAssessing country risk for investments and loansEvaluating individual or corporate creditworthiness
Comparison intentUnderstanding country-level risk factorsAnalyzing borrower risk at the entity level

While both roles involve risk assessment, Sovereign Risk focuses on evaluating the financial stability of countries, whereas Credit Analysts assess the creditworthiness of companies or individuals. The skills and credentials overlap, but their scope and focus differ significantly.

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What states have the most Sovereign Risk jobs?

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Sovereign Risk jobs near you
Infographic showing various Sovereign Risk job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $63,100 per year, or $30.3 per hour.

Director, Country Risk Manager

BNY Mellon

Pittsburgh, PA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 18 days ago

BNY Mellon rating

7.3

Company rating: 7.3 out of 10

Based on 52 frontline employees who took The Breakroom Quiz

125th of 151 rated financial services

Job description


We're seeking a future team member for the role of Country Risk Manager to join our Credit Risk team. This role is located in New York City, New York & Pittsburgh, PA.
The Country Risk Manager (CRM) supports the Head of Country Risk in leading the enterprise country risk function. This role is responsible for managing day-to-day team execution, reviewing analytical output, and coordinating country risk activities across jurisdictions, portfolios, and risk stripes. The CRM provides oversight of country risk assessments, monitoring, limits, governance reporting, and regulatory support, while serving as a key delegate to the Head of Country Risk.
In this role, you'll make an impact in the following ways:
  • Support leadership of the enterprise country risk function and manage day-to-day team priorities and deliverables.
  • Review and challenge country risk assessments, business requests, scorecards, annual reviews, and related analytical outputs.
  • Oversee monitoring of sovereign, macroeconomic, geopolitical, and broader country risk developments.
  • Coordinate country risk reporting, emerging risk analysis, and materials for senior management and governance committees.
  • Support country limit oversight, exposure management, and country-related underwriting or recommendation processes.
  • Partner with stakeholders across business lines and risk disciplines to provide an integrated country risk perspective and align risk assessment with strategic business objectives.
  • Support regulatory submissions, stress testing, audit requests, and other control-related activities requiring country risk input.
  • Help enhance country risk data, tools, policies, procedures, and reporting processes leveraging the use of in-house Artificial Intelligence tools.
  • Act as a delegate for the Head of Country Risk in selected forums and discussions.

To be successful in this role, we're seeking the following:
  • Bachelor's degree in Finance, Economics, International Relations, Political Science, Risk Management, or a related field.
  • Significant experience in country risk, sovereign risk, geopolitical risk, credit risk, portfolio risk, or related risk management disciplines.
  • Strong knowledge of macroeconomic, sovereign, and geopolitical risk analysis.
  • Demonstrated ability to review analytical work, manage competing priorities, and lead team execution.
  • Strong written, verbal, and presentation skills, with experience communicating to senior stakeholders.
  • Proven ability to work across functions and synthesize multiple risk perspectives into clear recommendations.

Preferred Qualifications
  • Advanced degree in a relevant field.
  • Experience with country limits, governance committees, stress testing, or regulatory reporting.

Core Skills
  • Country and Sovereign risk analysis
  • Macroeconomic and geopolitical assessment
  • Team leadership and workflow management
  • Critical thinking and problem solving
  • Executive communication
  • Stakeholder management
  • Governance and regulatory support

About Us
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.
Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.
About the Team
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.

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About BNY Mellon

Sourced by ZipRecruiter

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Dec. 31, 2021, BNY Mellon had $46.7 trillion in assets under custody and/or administration, and $2.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com . Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

New York, NY, US

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