First Citizens Bank • New York, NY 10036
Job #2685950269
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.
The Credit Solutions group manages lending/credit for a wide range of credit relationships across SVB’s technology portfolio. Specifically, this role support SVB’s National Fintech Credit Solutions team, which provides creative debt solutions to venture capital backed companies in the Fintech ecosystem, including Payments, Alternative Lending, PropTech, InsurTech, NeoBanking, Wealth Management, and Capital Markets.
Credit Solutions is responsible for the entire credit process, from structuring and underwriting through portfolio management. You will lead the due diligence process and deal structuring process, partnering with the Relationship Management Team for the delivery and negotiation of credit products for new and existing clients. You’ll also be responsible for proactive portfolio management, including maintaining credit quality and profitability targets and building relationships with your clients.?
The best VPs have a passion for the Fintech market, utilizing sector analysis and competitive trends to develop unique market insights and points of view on trends in the Fintech sector and relevant subsectors.?
ResponsibilitiesManages lending/credit aspects for assigned client relationships and prospects. Leads the due diligence and deal structuring process and partners with Relationship Management to deliver and negotiate the credit solution. Owns the underwriting, documentation and closing process. Responsible for proactive portfolio management, understanding changing risk profiles of their clients and communicating this information and assessment to key stakeholders (internal and external). Recommends and executes on appropriate steps based on changing circumstances across a range of complex issues. Engages with clients independently, building relationships with the appropriate stakeholders, gathering information, and responding to ongoing needs. Provides training to less experienced staff and supports MD/Director in team leadership, including ensuring that resource allocation to their portfolio and to the pipeline is appropriate. Develops insights into loan types, sectors, and demonstrates thought leadership.
Leads due diligence, structuring, underwriting and documentation processes independently for complex deals. Able to manage large and complex portfolio with limited oversight. Highly skilled at developing term sheets and deal structures independently and provides expert guidance in the negotiation process with the client. Coaches and mentors less experienced staff members enabling them to show improved efficiency and effectiveness. Independently lead deal modifications as appropriate. Provides insights/thought leadership on deal types as well as guidance on deal structuring, underwriting and documentation negotiations. Able to effectively manage resources to optimize process and outcomes.
The base pay for this position is relative to your experience but the range is generally $108,150 - $162,226 per year. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here: ~~~
Qualifications6+ years of related experience Or High School Diploma/GED with 12-14 years of related experience.
Preferred Qualifications
LI-BB1
Company Description:
Founded in 1898 and headquartered in Raleigh, N.C., First Citizens Bank serves customers in 18 states and the District of Columbia. For over 100 years, customers have trusted First Citizens with their money … and their futures. Today, First Citizens is the largest family-controlled bank in the nation and the sixth-largest bank franchise headquartered in the Southeast with more than $30 billion in assets. We employ more than 6,000 associates who are focused on helping our customers achieve a lifetime of success. First Citizens operates more than 570 branches in Arizona, California, Colorado, District of Columbia, Florida, Georgia, Kansas, Maryland, New Mexico, Missouri, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington and West Virginia.
First Citizens Bank. Forever First®. Member FDIC.
Equal Opportunity/Affirmative Action Employer/Minority/Female/Disability/Veteran
If you need special assistance or an accommodation in applying for employment at First Citizens Bank, please contact our Human Resources department.
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