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Job description
Institutional Client Group Portfolio Manager
The Institutional Client Group (ICG) Portfolio Manager partners with ICG Relationship Manager(s) to successfully manage a portfolio of MidCap and Large Corporate Banking credit relationships in the professional services and contractor industries. Grows revenue as directed by senior management by successfully closing new business relationships and retaining and expanding relationships with existing customers. Underwriting all types of credit account exposure, managing an assigned credit portfolio, successfully closing new business relationships and expanding existing relationships, managing credit risk and responding to prospect or customer credit questions and making independent calls on assigned portfolio of relationships.
Basic Qualifications
Bachelor's degree, or equivalent work experience
Eight or more years of relevant experience
Preferred Skills and Experience
12-15 years' experience, preferably at national or large regional banks
Strong comfort levels of credit analysis on complex commercial and corporate credits ($100MM in Revenues and higher), preferably C&I loans and OORE (not CRE, dealer, equipment finance, wealth, or ABL)
Experience with spreads, projections, determining credit ratings
Comfortable arguing in support or opposition of a credit request from the relationship team to portfolio management leadership or credit approvers
Willingness to mentor less experienced PMs
Exceptional writing and presentation skills
Able to oversee complex loan documentation with drafting counsel
Experience underwriting asks from existing clients as well as new prospects
Comfortable underwriting large exposures (routinely close to or over $100MM)
Familiarity with banking policy and the ability to apply it to credit approvals
Familiarity with Moody's Credit Lens
Hybrid/flexible schedule
The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
Benefits:
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
Pay Range: $133,365.00 - $156,900.00
Worksite address
new york, NY, 10261, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.