Private Wealth Credit Portfolio Manager

Regions Bank

  • Hoover, AL
  • Permanent
  • Full-time
  • 1 month ago
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.Job Description:At Regions, the Private Wealth Management Credit Portfolio Manager is responsible for independently analyzing, underwriting, and negotiating credit decisions for standards Private Wealth Management (PWM) credit requests submitted by Private Wealth and Lending Advisors with minimal oversight. This position will serve on the First Line of Defense and will structure, analyze, and negotiate new private banking credit opportunities. The role will gather information and preform in-depth research to identify, quantify, and mitigate underwriting risk inherent to extending the bank’s capital. This role will be expected to develop strong working relationships with client management, internal teammates, credit officers, and other bankers.Primary Responsibilities
  • Reviews highly complex and customized Private Wealth transactions above a designated threshold against Regions' credit standards, validates the appropriate risk rating, and recommends credit decision with autonomy
  • Structures and negotiates complex PWM credit products to both competitively meet unique PWM client credit needs and minimize credit risk
  • Prepares credit packages for new and renewed debt products including performing credit underwriting, analyzing financial statements and projections, utilizing financial models, determining appropriate risk rating, and identifying and mitigating credit risks
  • Monitors and manages the credit exposure within Regions' Private Wealth portfolio and identifies opportunities for exposure reduction or new credit opportunities
  • Manages and conducts timely and ongoing portfolio monitoring and servicing activities for an assigned portfolio
  • Oversees past due and maturing loans and workflow for an assigned portfolio
  • Maintains expert knowledge of and ensures compliance with internal bank PWM, commercial loan policy, and consumer loan policy, credit risk appetite, and external regulatory requirements
  • Documents exceptions to credit policy and related rationale/risk mitigation with autonomy
  • Assesses risk issues using standard procedures and exercises excellent business judgement
  • Engages with WAs and LAs for assigned portfolio, active in client planning and deal structuring by leading deal discussions and negotiations
  • Consults with both internal and external clients on PWM credit solutions
  • Participates in pricing decisions for PWM credit solutions
  • Reviews loan documents for accuracy prior to closing
  • Provides coaching and mentorship for other associates and field partners
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.This position is incentive eligible.Requirements
  • Bachelor’s degree in finance, accounting, or related field
  • Seven (7) years of experience in commercial or PWM underwriting
Preferences
  • Master of Business Administration (MBA)
  • Commercial or Private Wealth management underwriting experience
  • Knowledge of both Consumer and Commercial Loan Products and Compliance issues
  • Prior experience with the Individual Rating Model in Moody’s Risk Analyst (MRA)
  • Successful completion of Moody’s online credit training or other major corporate credit training program
Skills and Competencies
  • Ability to multi-task and meet deadlines
  • Ability to work collaboratively with multiple stakeholders
  • Advanced Excel and MRA spreadsheet skills
  • In-depth knowledge of accounting and finance, financial statements, cash flow analysis, collateral, loan structuring, and loan documentation
  • Strong analytical and problem-solving skills
  • Strong attention to detail
  • Strong verbal, written communication, and organizational skills
Position Type Full timeCompensation DetailsPay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.Job Range Target:Minimum: $96,912.75 USDMedian: $128,640.00 USDIncentive Pay Plans: This role is eligible to participate in a formulaic incentive plan. Employees have the potential to earn incentives based on performance against defined metrics and goals.Benefits InformationRegions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
  • Paid Vacation/Sick Time
  • 401K with Company Match
  • Medical, Dental and Vision Benefits
  • Disability Benefits
  • Health Savings Account
  • Flexible Spending Account
  • Life Insurance
  • Parental Leave
  • Employee Assistance Program
  • Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.Location Details Riverchase Complex North BuildingLocation: Hoover, AlabamaEqual Opportunity Employer/including Disabled/VeteransJob applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.

Regions Bank