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Manages the end to end credit process for a portfolio of Private Wealth Management clients and works with the Central Administration Unit to effectively monitor deals post close including the resolution/elevation of past due issues. May approve and provide expertise on less complex transactions within markets supported. Responsible for taking on certain leadership responsibilities within the team which may include coaching and mentoring of more junior credit specialists/analysts within GWIM Credit Services, pipeline management for specific markets, involvement in policy development and project management to improve processes, and subject matter expertise for specific loan products. Typically requires 10+ years of credit experience and a keen understanding of loan product/underwriting guidelines, complex structuring and documentation issues, and effective communications skills to work constructively with business partners and clients
Perform all underwriting tasks for commercial loan requests to high net worth clients of Global Wealth and Investment Management, which includes US Trust Private Wealth Management and Brokerage.
The position includes provision of structuring advice to sales teams and credit partners, completion of customized credit approval packages, pricing models, approval memos and other standard documents, and management of the documentation process to ensure on-time loan booking.
The ideal candidate can analyze commercial risks and identify mitigants, recommend risk ratings, exposure strategies, credit structures and sponsor recommendations through the approval process. This role interfaces with client teams, risk, structured credit, servicing and legal partners to support the timely delivery of the credit process to our market partners and clients.
Primary duties include underwriting and obtaining credit approval for commercial loan products to clients of
Global Wealth and Investment Management.
Extends credit to and monitors loan portfolios of private banking clients. Works closely with private banking relationship managers in structuring loans to meet the clients' requirements or in reviewing credit standards. May provide guidance to more junior specialists but does not have management responsibilities. Possesses some loan approval authority.
Are you open to sponsorship?
This position is:
Is there a possibility to work remote?
Is there equity?
Are there flexible work hours?
Does this position have direct reports?
Who does this position report to?
Regional Credit Executive
What are the 3-4 non-negotiable requirements on this position?
10+ years of commercial credit experience (Private Lending experience big plus!) Underwriting experience must be recent Strong negotiation skills
What are the nice-to-have skills?
Formal Credit Training
What is exciting about this opportunity? Please use this section to describe team and company culture.
This is a dynamic and fast-paced environment supporting the more complex transactions within the GWIM Line of Business.
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