Manager Credit Corporate Banking - City National Bank
Fremont, CA
About the Job
*MANAGER CREDIT CORPORATE BANKING*
WHAT IS THE OPPORTUNITY?
Directs and manages the work flow and activities of the underwriting and credit function of an assigned team. Oversees credit management process for portfolio management and originations. Reviews loan structures to ensure that acceptable credit standards are maintained and that all loans conform to established company policy. Monitors and evaluates, on an ongoing basis, new and existing portfolios for potential risks and exposure. Acts as the technical expert or may structure credits on large, complex loans.
What you will do
* Credit Underwriting
* Manages and prioritizes, with Division Manager, the credit underwriting workflow (e.g., loans/commitments, CRR, Renewals, etc.). Delegates and assigns credit staff to relationship teams based on experience, availability and portfolio complexity and size.
* Evaluates and examines credit requests in order to assess credit worthiness including loan quality, credit risk classification, loan structure, collateral analysis, pricing and adherence to Bank policies.
* Reviews financial spreads and associated financial statements and notes, credit documentation and structure, commitments, etc. for the purpose of risk rating loans, determining the degree of attention required, identifying potential credit problems and ensuring conformity to company lending policies and practices. Recommends action to prevent potential loss.
* Monitors the credit underwriting process, activities and products for quality, compliance and consistency while satisfying client needs.
* Maintains strong communication ties with Underwriters, Credit Analysts, Team Managers and Relationship Managers on credit matters and loans, including presentation and recommendations of extensions, renewals and commitments to necessary approval authorities, industry research and analysis, structure, pricing and management assessment.
* Participates in joint calls with Relationship Managers; provides guidance and ideas to clients and prospects
* Lead Deal Team for large, complex credits
* Portfolio Monitoring/Management
* Monitors and evaluates the credit quality of new and existing commercial loans and interfaces with Credit Administration to discuss deal structure, status of CRs and other
* follow up items on as needed basis.
* Oversees loan activities which include the review of reports (e.g., Loan Activity Reports, Past Due Reports, Trial Balances) for unusual transactions and appropriate loan grades, timely submission of financial statements, borrowing base, compliance certificates and compliance with financial covenants and address violations (waiver, forbearance, default letters).
* Ensures that all credit files are kept current with latest financial statements, agency reports, etc.
* Staff Management
* 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.
* Maintain appropriate staffing ratios and manage resources to optimize client support and unit profitability.
* Administration
* Oversees the preparation for and participation in federal examinations, independent audits and all internal audits by the OCC and Loan Review.
* Prepares a variety of reports to monitor renewals, past dues, portfolio risks, loan compliance, etc.
* Monitors performance, gives on-going performance feedback and conducts effective performance appraisals. Trains, coaches, counsels and provides general direction and guidance to staff.
* Additional
* 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 6 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 or more 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: $157,943 - $293,299 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](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf).
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](https://www.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](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf)
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](mailto:TalentAcquisition@cnb.com) 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.
WHAT IS THE OPPORTUNITY?
Directs and manages the work flow and activities of the underwriting and credit function of an assigned team. Oversees credit management process for portfolio management and originations. Reviews loan structures to ensure that acceptable credit standards are maintained and that all loans conform to established company policy. Monitors and evaluates, on an ongoing basis, new and existing portfolios for potential risks and exposure. Acts as the technical expert or may structure credits on large, complex loans.
What you will do
* Credit Underwriting
* Manages and prioritizes, with Division Manager, the credit underwriting workflow (e.g., loans/commitments, CRR, Renewals, etc.). Delegates and assigns credit staff to relationship teams based on experience, availability and portfolio complexity and size.
* Evaluates and examines credit requests in order to assess credit worthiness including loan quality, credit risk classification, loan structure, collateral analysis, pricing and adherence to Bank policies.
* Reviews financial spreads and associated financial statements and notes, credit documentation and structure, commitments, etc. for the purpose of risk rating loans, determining the degree of attention required, identifying potential credit problems and ensuring conformity to company lending policies and practices. Recommends action to prevent potential loss.
* Monitors the credit underwriting process, activities and products for quality, compliance and consistency while satisfying client needs.
* Maintains strong communication ties with Underwriters, Credit Analysts, Team Managers and Relationship Managers on credit matters and loans, including presentation and recommendations of extensions, renewals and commitments to necessary approval authorities, industry research and analysis, structure, pricing and management assessment.
* Participates in joint calls with Relationship Managers; provides guidance and ideas to clients and prospects
* Lead Deal Team for large, complex credits
* Portfolio Monitoring/Management
* Monitors and evaluates the credit quality of new and existing commercial loans and interfaces with Credit Administration to discuss deal structure, status of CRs and other
* follow up items on as needed basis.
* Oversees loan activities which include the review of reports (e.g., Loan Activity Reports, Past Due Reports, Trial Balances) for unusual transactions and appropriate loan grades, timely submission of financial statements, borrowing base, compliance certificates and compliance with financial covenants and address violations (waiver, forbearance, default letters).
* Ensures that all credit files are kept current with latest financial statements, agency reports, etc.
* Staff Management
* 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.
* Maintain appropriate staffing ratios and manage resources to optimize client support and unit profitability.
* Administration
* Oversees the preparation for and participation in federal examinations, independent audits and all internal audits by the OCC and Loan Review.
* Prepares a variety of reports to monitor renewals, past dues, portfolio risks, loan compliance, etc.
* Monitors performance, gives on-going performance feedback and conducts effective performance appraisals. Trains, coaches, counsels and provides general direction and guidance to staff.
* Additional
* 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 6 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 or more 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: $157,943 - $293,299 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](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf).
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](https://www.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](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf)
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](mailto:TalentAcquisition@cnb.com) 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.
Source : City National Bank