AVP Portfolio Manager, Deposits

$95,000 - $115,000/Yr

Disability Solutions - Las Vegas, NV

posted 4 months ago

Full-time - Mid Level
Las Vegas, NV
501-1,000 employees
Administrative and Support Services

About the position

The position of AVP Portfolio Manager, Deposits is a critical role within Western Alliance Bank, responsible for identifying target markets for new business and developing a robust book of business from these relationships. The Portfolio Manager will engage in prescreening, negotiating, and coordinating the closing of various major and complex deposit relationships while actively promoting the bank's treasury management products. This role requires a proactive approach to building and maintaining client relationships, ensuring that the bank's offerings align with client needs and market trends. In this position, the Portfolio Manager will perform essential pre-qualification assessments and prescreening analyses of the financial conditions of potential deposit relationships. This includes gathering all necessary information to present deposit or treasury management opportunities to senior management for approval. The role involves meeting with new and potential customers, visiting loan sites, and effectively selling the bank's deposit and treasury management products. Additionally, the Portfolio Manager will identify loan opportunities within the deposit client portfolio and engage the appropriate lending team early in the process. The successful candidate will maintain a superior knowledge of the financial industry's status and trends, applying excellent decision-making techniques to inquiries, approvals, and requests in accordance with existing policies and procedures. Timely responses to inbound inquiries, addressing questions, and directing callers to the appropriate bank personnel are also key responsibilities. Compliance with the Bank Secrecy Act (BSA), OFAC Anti-Money Laundering (AML), and US PATRIOT ACT policies is paramount, requiring the proper verification of identities for account openings and maintaining accurate records of this information.

Responsibilities

  • Identify target markets for new business and develop a book of new business from those relationships.
  • Perform pre-qualification assessments and prescreening analyses of financial conditions for new potential deposit relationships.
  • Gather necessary information to present deposit or treasury management opportunities to senior management for approval.
  • Meet with new and potential customers and visit loan sites to promote bank products.
  • Sell the bank's deposit and treasury management products effectively.
  • Refer and recommend acceptance to the BSA department if required.
  • Identify loan opportunities within the deposit client portfolio and engage the appropriate lending team early in the process.
  • Maintain knowledge of financial industry status and trends.
  • Apply decision-making techniques to inquiries, approvals, and requests according to existing policies and procedures.
  • Respond timely to inbound inquiries and direct callers to proper bank personnel.
  • Comply with BSA, AML, and US PATRIOT ACT policies by verifying identities and maintaining records.

Requirements

  • Bachelor's Degree from a 4-year college or university, preferably in Finance or Accounting.
  • Minimum 3-4 years of experience in banking, with a preference for commercial banking.
  • Strong portfolio management skills to identify credit concerns timely.
  • Outstanding presentation, verbal, and written communication skills.
  • Ability to work collaboratively in a team environment.
  • Excellent multitasking abilities to handle multiple credit requests simultaneously.
  • Self-starter with an entrepreneurial attitude and a positive outlook.

Nice-to-haves

  • Experience in treasury management products.
  • Knowledge of compliance regulations related to banking.

Benefits

  • Competitive salaries
  • Ownership stake in the company
  • Medical and dental insurance
  • Time off
  • 401k matching program
  • Tuition assistance program
  • Employee volunteer program
  • Wellness program
  • Opportunities for business knowledge enhancement and hands-on experience.
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