Director - Asset Based Lending

3 weeks ago


WinstonSalem, North Carolina, United States Truist Full time

The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.

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Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Manage the overall credit quality, risk mitigation, workout process and operational/regulatory compliance associated with Truist's Asset Based Lending (ABL) business. Analyze, structure financial covenants and underwrite corporate credit risks for certain clients that utilize ABL securitization loan facilities. Work with Truist clients, ABL Originations and Coverage Bankers to underwrite corporate credit risk and to perform ongoing portfolio monitoring and management. Actively work with other functional groups to ensure ABL attains its revenue, PPNR, credit quality and other financial objectives. Total portfolio is $14B in Commitments; approximately 350 relationships including left leads, participations and sole bank transactions.

Essential Duties and Responsibilities

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

  1. Manage/mitigate credit risk of portfolio transactions.
  2. Complete on-time, accurate, well-articulated annual reviews, amendment memos, trend cards, and CLAR's; maintains MRA quarterly spreads/PRISM grade reviews; maintains credit files, other compliance requirements such as monthly tickler attestations, quarterly/annual credit file reviews and attestations, manage collateral, review field exams and appraisals.
  3. Attract, retain and develop a team of top credit professionals.
  4. Understand and adhere to various Truist and ABL policies, processes, procedures and regulatory requirements; ensures policies and controls are executed; timely completion of all required Corporate and Business unit training/testing
  5. Restructures or resolves troubled (workout) credits with input from risk partners.
  6. Manage ABL credit, operational and market risk within pre-approved risk tolerance levels.
  7. Work with originations, structuring, legal, compliance and risk partners to align strategic objectives, share market knowledge, and facilitate seamless execution.
  8. Demonstrate Truist culture and values.

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  1. BA/BS degree
  2. Licenses: Series 79 and days for your start date to transfer, 120 days to acquire)
  3. 11-15 years of related work experience
  4. Solid subject matter expertise including knowledge of industry drivers, product positioning, structuring and risk mitigation.
  5. Demonstrated ability to collaborate across functional areas to resolve complex issues
  6. Strong interpersonal skills which foster teamwork, trust, creativity/innovation and accountability
  7. Ability to communicate clearly, concisely and insightfully

Preferred Qualifications:

  1. MBA degree, with a Finance focus
  2. Diversified product structuring/underwriting/portfolio management experience

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site )

. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.

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Pay Transparency Nondiscrimination Provision )

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