Regional Head Portfolio Manager
Citizens Financial Group · United States · 24d ago
Mid levelOn-siteInvestment & Asset Management$266k – $323k
The Regional Head Portfolio Manager is a senior level management position with direct supervision of the division’s team leaders, portfolio managers and credit analysts. The Regional PM is responsible for all aspects of underwriting & portfolio management including transaction structuring, pricing, due diligence, credit approval, portfolio monitoring and problem loan identification for a portfolio of hundreds of clients in the assigned portfolios.
Primary responsibilities include
- Oversee the recruitment, training, coaching, assessing and development of portfolio management team leaders, portfolio managers and analysts within the division.
- Maintain an organization where PMs are empowered and highly engaged in delivering credit solutions to our clients and achieve strong collaboration among the coverage teams in the division.
- Approve credit requests based on delegated approval authority granted providing critical views on credit requests including new business, amendments, and restructures.
- Assess credit issues, performance and industry trends, appropriateness of structural terms and conditions, compliance with policy and underwriting guidelines and provide recommendations to improve structure and mitigate risks.
- Improve workflows, optimize resourcing, and build out an environment that supports the achievement of the division’s goals and budget.
- Design and implement new policies, procedures, strategies and process changes.
- Lead corporate initiatives related to model development, credit process improvements and/or stress testing.
- Build a strong control and early warning environment with timely periodic portfolio and Financial Reviews, ratings assessments, collateral monitoring, tickler reporting, and regulatory compliance to maintain portfolio quality.
- Achieve satisfactory or better ratings from credit review and compliance and meet compliance targets for annual reviews, risk ratings, and covenant compliance monitoring.
- Liaise with portfolio management team Leader, credit risk and workout colleagues on deteriorating credits. Partner with product and operations units to proactively manage issues so that revenue opportunities are maximized and customer satisfaction is maintained.
Qualifications, Education, Certifications and/or Other Professional Credentials
- Requirements:
- 15+ plus years Commercial Banking experience with sole bank, agented and club deal Commercial Banking transactions
- Balanced approach to enable focus on both business unit goals and risk management objectives
- Strong understanding of general credit and risk principles, mitigants, and banking policies and procedures
- Skilled at developing and implementing both strategic and tactical solutions in support of portfolio administration and business unit goals and objectives
- Able to multi task and function under pressure to meet deadlines
- Strong written and verbal communication and negotiation skills
- Flexible change agent able to lead both process and organizational changes
- Skilled at developing and executing on strategic solutions and systems in support of Portfolio Administration and business unit goals and objectives
- Experience with direct reports who are managers
- BA/BS degree, and/or MBA preferably in Finance, Business Administration or AccountingHours & Work ScheduleHours: 40+Work Schedule: Monday - FridayPay Transparency
The salary range for this position is $266,000 - $323,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, relevant skills, and experience.
We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of very local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.
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