Business Banking Portfolio Manager IV

Citizens Bank - Johnston, RI

Full-time - Mid Level

Johnston, RI

Credit Intermediation and Related Activities

About the position

The Business Banking Portfolio Manager IV (PM IV) position is a critical role within the organization, responsible for effective credit administration with a strong emphasis on adherence to credit policy and requirements. The PM IV will engage in financial analysis and modeling, risk evaluation, and ongoing portfolio maintenance activities to ensure that overall portfolio performance and asset quality remain robust. This position requires the ability to independently address and develop strategies to resolve issues that could increase risk or create losses for the Bank. The PM IV will also be responsible for escalating high-risk situations in a timely manner, ensuring that the Bank's interests are protected. In this role, the PM IV will manage relationships with Total Credit Lines (TCL) ranging from $1MM to $10MM, with a particular focus on larger and more complex relationships exceeding $3MM. A high degree of technical competency in credit analysis is expected, as the PM IV will independently interact with Senior Management, Sales Teams, Credit Officers, and MAD/CRM to discuss and resolve risk-related issues. The PM IV will review financial statements and make recommendations for the approval of annual reviews, renewals, and modifications within their delegated lending authority. The PM IV is tasked with protecting and preserving the integrity of the pooled or individual portfolio while accurately assessing and managing risk. This includes managing the annual review process through recommendations, applying credit skills, product knowledge, and industry analysis to prepare annual reviews and credit requests. The PM IV must consistently adhere to all regulatory compliance requirements, accurately test covenants, and recognize various events of default while assisting with strategy and action planning. The role also involves maintaining high-quality credit file documentation in a paperless environment and effectively tracking and monitoring financial statement requirements. Additionally, the PM IV will be expected to mentor junior colleagues, build relationships within the department and across business units, and make recommendations to Credit Officers regarding credit decisions. The PM IV will develop an understanding of cross-sell services and convey the benefits of such services on assigned portfolios.

Responsibilities

• Protect and preserve the integrity of the pooled or individual portfolio while assessing and managing risk.
• Manage the annual review process by means of recommendation.
• Prepare annual reviews and credit requests using credit skills, product knowledge, and industry analysis.
• Adhere to all regulatory compliance requirements consistently.
• Test covenants and recognize events of default while assisting with strategy and action planning.
• Approve credit requests using Self Sanction Decision Tree Authority.
• Maintain high-quality credit file documentation in a paperless environment.
• Track and monitor financial statement requirements and review Borrowing Base certificates.
• Adhere to all Service Level Agreements for customer modifications or collateral releases.
• Exhibit credit experience with complex credits, organization structures, and documentation.
• Communicate effectively and develop relationships with Relationship Managers, Market Managers, and Credit Officers.
• Mentor junior colleagues and build relationships across business units.
• Make recommendations to Credit Officers around credit decisions.

Requirements

• 5+ years of experience in commercial lending and portfolio management.
• High degree of technical competency in financial analysis and credit structuring.
• Understanding and application of credit policy and credit monitoring practices.
• High level of credit and documentation experience.
• Skilled in proposing, negotiating, and recommending credit and covenant structures.
• Practical and conceptual knowledge of credit and risk analysis.

Nice-to-haves

• Master's Degree preferred.