This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office. Together, Silicon Valley Bank and First Citizens offer you the strength and stability of a diversified financial institution with a 125-year tradition of service and the personalized approach of a nimble financial partner. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N. C., Fir... more details
Overview This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office. Together, Silicon Valley Bank and First Citizens offer you the strength and stability of a diversified financial institution with a 125-year tradition of service and the personalized approach of a nimble financial partner. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets. Operations & Portfolio Management is a team within Loan Administration that adapts to support deal teams during the loan lifecycle. Partnering closely with deal teams and Global Loan Operations (GLO) is a critical component of OPM's value proposition. Thus, OPM continues to evolve to meet the needs of deal team partners with a particular focus on bringing more clarity, consistency, and cohesion to portfolio management, loan closings, and credit servicing - working in partnership with teams on loans from closing to boarding and beyond. Responsibilities The Sr. Associate, Portfolio Management is a part of the team driving solutions and change to portfolio management cross-functionally across SVB’s Commercial Bank. The Sr. Associate works closely and collaboratively with other members of the Portfolio Management team, which include various Vice Presidents and Directors/Managing Directors. This individual should have strong execution skills, a deep willingness to learn, some experience with commercial lending and be interested in thinking broadly and strategically. Communication, collaboration and problem-solving skills are paramount to success on this team. Portfolio Management (PM) Monitoring And Optimization This individual will support the execution of portfolio management across SVB’s Commercial Bank, with the following core responsibilities: Executing on Commercial Bank Portfolio Management and Portfolio Review procedures. Supporting key portfolio management monitoring in the first line of defense . This includes working both independently and collaboratively, along with a willingness to learn and leverage various bank systems. Identify and make recommendations on areas of improvement and strategy for improved portfolio Develop insights on operational improvements and strategies to optimize portfolio Portfolio Management Strategic Initiative Execution Support select strategic projects and initiatives for the Portfolio Management team. Execute on determined project timelines, milestones, and . Portfolio Management Governance – Action Plans And Remediation Support portfolio management-related control execution and SOX controls within the first line of defense. Own specific pieces of action plans for issue remediation to any identified issues with internal audit, credit review or other stakeholders. Compensation If hired in California, the base pay for this position is generally between $85,350-$147,940 annually. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment. First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits Qualifications Bachelor’s Degree with 2+ years of experience in banking, management consulting, operations and/or portfolio management. Alternatively, High School or GED with 6+ years of experience Preferred Qualifications 1+ year of credit analysis and/or portfolio management experience Proficient in Excel and Avid learner/curious. Demonstrated resourcefulness and ingenuity to leverage resources to solve problems Excel in a dynamic environment. Ability to lead simultaneous assignments and produce results in time-sensitive circumstances. Ability to take ownership of and drive processes, but also knows when to escalate ?or engage others Experience working collaboratively with more senior internal partners Skilled at analyzing data to support and improve business decisions Travel: May be occasionally required. #LI-DM1
