VP1-Portfolio Management- Global Fund Banking

Company:  First Citizens Bank
Location: Boston
Closing Date: 27/10/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of our Boston office.

Together, Silicon Valley Bank and First Citizens offer you the strength and stability of a diversified financial institution with a 125-year tradition of service and the personalized approach of a nimble financial partner.

First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.

Responsibilities

Global Fund Banking Portfolio Management roles are responsible for managing all lending and credit aspects for both Venture Capital and Private Equity client relationships. Core responsibility is leading the due diligence process and deal structuring process, and then partnering with the Relationship Management team for the delivery and negotiation of credit products. GFB Portfolio Management owns the underwriting, approval and closing process. Responsible for proactive portfolio management, including maintaining credit quality and profitability targets, understanding changing risk profiles of clients and communicating this information and assessment to key stakeholders (internal and external).

Engages with clients independently, building relationships with key client stakeholders to remain well-informed, and able to respond to changing circumstances while appropriately balancing client and SVB needs. Remains abreast of market, sector and competitive trends. Develops and delivers insights and points of view on loan types and credit/performance trends.

Lead the structuring, underwriting, and closing of credit products for assigned prospects and clients. Responsible for the process end to end on all but the most complex deals, including engaging with Relationship Management, clients/prospects, Credit Admin, Legal partners, and other internal / external stakeholders to ensure successful outcomes. Provides training to less experienced staff.

Qualifications

Bachelor's degree and 2 years of Portfolio Management experience or High School Diploma/GED and 6 years of experience.

Preferred:

  • Excellent credit analysis and portfolio management skills.
  • Strong negotiation skills, communication skills and ability to engage with clients effectively and independently.
  • Proven ability to lead due diligence, structuring, underwriting and documentation processes independently.
  • Able to manage a portfolio of loans proactively and independently, while exercising proper judgment on when additional guidance and engagement of others is appropriate.
  • Ability to provide guidance to less experienced staff members, enabling them to show improved efficiency and effectiveness.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here:

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