Senior Managing Director of Alternative Investments: The Senior Managing Director of Alternative Investments provides and generates a non-interest income stream earned from a diversified portfolio of Volcker-exempted private equity or private credit funds. The role oversees and manages the Alternative Investment Working Group. The position manages several aspects of business development with key members of the private equity funds. Additionally, the Senior Managing Director oversees and contribu... more details
Senior Managing Director of Alternative Investments:
The Senior Managing Director of Alternative Investments provides and generates a non-interest income stream earned from a diversified portfolio of Volcker-exempted private equity or private credit funds. The role oversees and manages the Alternative Investment Working Group. The position manages several aspects of business development with key members of the private equity funds. Additionally, the Senior Managing Director oversees and contributes to the management of the private equity portfolio. The oversight includes identifying prospective relationships, identifying, assessing, underwriting, and monitoring the portfolio performance. The position works across commercial and industrial and specialty lending teams to generate lending and other ancillary relationships. Also, the manager works with the Community Reinvestment Act (CRA) team to identify and to document CRA investment credit opportunities within Cadence’s assessment area.
Essential Job Functions.
Responsible for the Alternative Investments team
Responsible for the establishment and achievement of personal production goals and objectives. Goals include income generation and tracking of CRA investment credit.
Oversight and coordination of the Alternative Investments Working Group
Coordination with the Community Reinvestment Act team
Calling effort that involves onsite due diligence and fund performance discussions
Monitoring & Testing
Oversight of Corrective Actions
Regulatory Change Management
Compliance Training, and
Regulatory Complaint Management
Expectations
Communicate with the Treasurer, Alternative Investments Working Group, all levels of Management and the Bank’s Regulators
Maintain a high degree of regulatory knowledge
Work with relationship managers across the bank to develop new lending and depository relationships
Stay informed of industry issues and trends
Manage multiple projects and deadlines
Manage day-to-day interactions and relationships
Ensure systems are in place to facilitate compliance
Contribute to the development of policies and procedures, and
Participate in the development and implementation of training to ensure or improve compliance
Regular and reliable attendance
Works cooperatively with others
Qualifications
Education - Bachelor’s degree in finance or business, Graduate degree (MBA), CFA charterholder, or CAIA certificate is a plus.
Experience - At least 15 years banking experience preferably in an analytical and business development leadership role. Three to five years of management experience.
Skills -
Leadership and management
Organized and analytical
Resourceful and innovative
Verbal and written communication of complex information, and
Technical, e.g. Microsoft PowerPoint, Excel & Word
If your experience aligns with this description, please consider applying. Many skills are transferable among industries and a passion for the role and willingness to learn are important considerations. We believe that a diverse workforce creates problem-solving and creative thinking, which is why we’re dedicated to adding new perspectives to the team and encourage everyone to apply.
