Fifth Third Bank Commercial Portfolio Manager IV. in Charlotte, North Carolina
Fifth Third Bank is one of the top-performing banks in the country, with a heritage that spans more than 150 years. We've staked our claim on looking at things differently to making banking a Fifth Third Better. This applies to our relationships with customers and employees alike.
We employ about 18,000 people, and what we offer is:
# A chance for employees to build their future, with supportive career development and financial wellness programs.
# An environment where we win together. We celebrate achievement and work collaboratively. We're also a three-time Gallup Great Workplace honoree.
# An invitation to impact lives in a positive and lasting way. Everything we do is geared toward improving lives. That's fun and exciting.
It comes down to the fact that Fifth Third is a warm and caring place to with which to grow # as a customer or as a team member.
Credit Risk Management, within Fifth Third Bank's Risk division, encompasses Commercial and Consumer Credit Risk along with our Special Assets Group. Independent from the lines of business, our team of Credit Risk Management professionals are responsible for the overall credit risk strategy, risk assessment and oversight of the portfolio of commercial and consumer loans and ancillary bank products with credit risk originated by the various lines of business. Balanced financial risk taking through a clearly established risk appetite is accomplished through underwriting, approval, monitoring and portfolio management of loans across the various lending disciplines.
The Special Assets Group supports the workout of loans with associated credit risks that have been classified at or above defined risk levels deemed too high for the bank to manage in a traditional portfolio. Together, these three departments support the Credit Risk Strategic Framework focused on creating competitive advantage through independent, forward looking and proactive thought leadership.
GENERAL FUNCTION: The Commercial Portfolio Manager IV is expected to be a contributing member of the deal team, managing very complex transactions and multiple large corporate and specialty business portfolio tasks. This candidate would be expected tobeintimately involved in making recommendations on appropriate credit structures, pricing, etc. Additionally, the PM IV will develop knowledge of the specifics related to the large corporate and specialty clients being supported, including uniquecreditarrangements. Interacts with clients to understand their current performance and proactively identify potential risks at the account and portfolio level. Directly accountable for managing a portfolio of accounts through their review of updatedfinancialstatements, proactive monitoring and interaction with Credit Officer, Relationship Team as well as Clients. The PM IV will interact with internal and external clients in an effort to proactively understand their goals, their currentperformance, andtheir needs. The P
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank#s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
.Undertake analysis of industries and relevant peer groups within them to determine key industry drivers and how these affect individual market participants. Such analysis to be factored into client specific or industry wide credit reports.
.Managing the credit transactions process; from the approval process and communicating with various involved groups (e.g. different product groups on a complex transaction) through to arranging for processing of details and changes into the bank'sowninternal systems.
.Preparation, review and negotiation of documentation related to transactions, such as loan documents, guarantees, and security documents.
.Participation in the structuring of credit transactions, including negotiations with potential and existing clients.
.Evaluation, booking and management of collateral relating to loans, etc.
.Monitoring the ongoing business activities and financial performance of existing clients, including financial covenant monitoring.
.Implementation of risk management and compliance procedures in accordance with Bank requirements and corporate policies.
.Contribute to development of the bank's credit evaluation methodology.
.Maintain appropriate client records and an archive of the bank's industry wide and client specific credit work.
.Deals with large credit exposures, most complex loans, difficult foreign exchange, interest rate and commodity derivatives.
.Following credit policy, structures and underwrites commercial loans or makes a recommendation to the appropriate level of credit administration.
.Services portfolio and prospective customers.
.Manages commercial portfolio risk on an ongoing basis by monitoring customer credit-worthiness, adherence to loan terms and general business conditions.
.Responsibility for approval within designated authorities.
.Execute problem deal action plans
.Active and visible syndication/club deal role.
SUPERVISORY RESPONSIBILITIES: May have supervisory responsibilities including mentor/teach junior PM's. Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential andprovidechallenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.
MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
.Bachelor degree or equivalent experience. Degree in Accounting, Finance or Economics preferred.
.Five or more years credit experience in commercial banking or finance industry or advanced degree with five or more years of business related experience.
.Strong credit and risk analysis skills.
.Demonstrated problem solving skills.
.Clear and articulate oral and written communication skills.
.Strong computer skills.
.Strong organizational skills.
.Results oriented - demonstrated ability to accomplish objectives in a specified timeframe.
.Proficient in basic software applications such Microsoft Word, Excel and Moody's Risk Analyst.
.Proficiency with the bank's internal applications a plus.
.Ability to work in a deadline driven environment and multi-task.
.Normal office environment.
.Extended viewing of computer screens.
Fifth Third Bank is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.