Manager Credit - Specialty Banking Job Listing at City National Bank in New York, NY (Job ID 10291-1)

Description

MANAGER CREDIT - SPECIALTY BANKING WHAT IS THE OPPORTUNITY? Key contributor in the loan management process by providing credit and loan underwriting expertise to a team of Specialty Banking Relationship Managers and Credit Officers. Supervises a Specialty Banking Credit Officer teams. For new business development and the management of the existing client portfolios, the Credit Manager will analyze prospective and existing loan transactions and the credit worthiness of new and existing clients. Will provide recommendations and guidance regarding proposed credits and potential risks. Ensures all due diligence and background evaluation is complete and thorough before credit approval is granted. What you will do

• Manages workflow and priorities of Credit team. Determines and assigns work assignments to Credit Officers and Credit Analysts based on experience, availability, and portfolio complexity and size.
• Provides technical guidance to and reviews the work of less experienced Credit Officers and Credit Analysts. Guides and assists the Credit Officers and Credit Analysts in research, credit structuring, financial analysis, etc. for complex accounts.
• Responds to questions or inquiries from internal and external clients concerning credit policies, procedures, structuring, etc. before it is elevated, to the Division Credit Manager.
• Manages and monitors performance, gives on-going performance feedback and participates in conducting effective performance appraisals. Trains, coaches, counsels and provides direction and guidance to staff.
• Develops and motivates team members; identifies staff development needs and provides educational/training opportunities.
• Assists the Division Credit Manager in departmental reporting of past dues, portfolio reviews, etc.
• Provides balanced and appropriate credit guidance to Relationship Managers and Credit Officers/Analysts and collaborates in determining appropriate credit strategy.
• Provides guidance and input when loan pricing does not appear to reflect inherent risk in subject transaction.
• In coordination with the unit Manager, manages credit pipeline for all new and increased loan requests.
• Manages the financial analysis and preparation of the CRR. This includes ensuring that the CRR contains a well-supported recommendation or decision; the risk rating is correct and supported; and the data and analytics used to support the decision are accurate and calculated correctly.
• Collaborates with team members by providing credit alternatives and creative ways to structure credits ensuring that transactions are within profitability and portfolio risk standards. Reviews and approves credit approval memorandum.
• Reviews quarterly financial updates of client's financial condition including monitoring covenants and conditions. Communicates and discusses findings with the Relationship Managers, Credit Officers/Analysts and team Manager, where necessary.
• Works with Credit Administration and Credit Portfolio Risk to facilitate accurate and timely credit decisions and optimal credit strategy.
• Maintains up-to-date knowledge on all Bank lending policies and regulations. Confers with the Manager and appropriate Bank personnel regarding new/existing lending requirements and regulations.
• Acts in accordance with Bank' credit culture and strategies.
• Works on portfolio related special projects and reporting including amendments and/or changes to Credit Policy.
• Responsible and accountable for appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded.
• All City National products, financial solutions and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National's PRIDE statement.

Must-Have*

• Bachelor's Degree or equivalent
• Combined 10 years of Corporate and/or Commercial Credit Management / Underwriting experience.
• Minimum Six years of supervisory or management experience

Skills and Knowledge

• College degree in Business Administration or a related field and/or a minimum ten years of experience in underwriting large and complex commercial credit and corporate loans, which includes analyzing, interpreting, and evaluating financial statements, cash flow analysis, financial projections, familiarity with various industries, collateral issues and values, loan structuring and guarantor personal financial statements and tax returns.
• Possesses six to eight years of management or supervisory experience.
• Highly knowledgeable in corporate credit policies and procedures.
• Strong credit analysis and accounting skills with the ability to communicate skillfully and effectively in both verbal/written forms.
• Good organizational skills.
• Ability to assume responsibility and accountability for decision making.
• Ability to work well independently and in teams and interact effectively with all levels of Bank personnel and outside contacts.

Compensation Starting base salary: $141,830 - $263,408 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks. ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.

*City National Bank does business in Miami and the state of Florida as CN Bank.

For more information about City National, visit cnb.com. EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.

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