Private Bank Portfolio Manager I
Private Bank Portfolio Manager I
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Job Description
At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported then Associated Bank may be the right place for you.
Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process.
We invite you to view the opportunity below.
The Portfolio Manager I will underwrite and manage a portfolio of professional service firms professional practices private banking commercial and commercial real estate relationships within Wealth Management to ensure retention and expansion of existing client relationship. Primary performance responsibilities include analyzing financial data to determine the merits of loan requests recommend structure and ensure compliance with Associated Bank credit policy and guidelines and overall credit quality of the loan portfolio. Responsible for expanding and deepening customer relationships by identifying customers needs comprehensively and matching their needs with selections and resources within the colleagues assigned business line and across all business lines of Associated Bank.
This person will also:
Ensure the portfolio administration and risk management of each client relationship is in compliance with established Associated BancCorp credit policy procedure and business strategy as well as commercial and regulatory guidelines. Operate in full compliance with internal policies and procedures as well as applicable regulations and laws.
Prepare credit presentations both for existing and prospective borrowers to assist in the underwriting process. Determine the Borrowers primary and secondary sources of repayment ability as well as the Banks collateral position. Identify all risks associated with the proposed structure and explain all mitigating factors. Include a Risk Rating Rationale for the Borrower noting specific upgrade and downgrade triggers. Compile an accurate relationship profitability analysis as directed by corporate policy.
Assist in the preparation of Opportunity Memos for prospective and current Borrowers including recommending structure preparing and analyzing cash flows and financial information identifying all potential risk and mitigants listing a Risk Rating Rationale and estimating relationship profitability .
Monitor loan repayment activities and financial condition of borrowing clients and take necessary action to collect past due accounts and ongoing repayment ability of all other accounts. Escalate any issue to appropriate levels and develop a plan to migrate if necessary. Assume overall responsibility for the credit quality of the loan portfolio. Manage the renewal process by working with the Relationship Manager the client and the credit department.
Prepare annual reviews and Dual Risk Rating verifications on all credit facilities to ensure proper risk assessment with the portfolio. In addition evaluate all new and existing loan documentation to verify that all documents are in place in compliance with governing laws and regulations and loan policy and match the approved credit presentation. Oversee prepare and coordinate Criticized asset review meetings with assigned region.
Actively participate in meetings with Relationship Managers Assistants Team Leads and internal Business Partners on a consistent basis with regards to status of the loan portfolio including administrative reports current pipeline and any new credit issues relating to credit policy.
Prepare Private Banking performance relative to portfolio administration through the use of various monthly and quarterly reports such as past due loans maturing loans annual reviews documentation exceptions etc. Update weekly pipeline reports and any assigned Loan Programs. Maintain current portfolios administrative reports to ensure all covenants annual reviews renewals are completed in a timely basis. Work with Relationship Manager to ensure that all financials requirements are obtained and reviewed in a timely basis. Report results to Credit Manager.
Responsible for identifying cross sales opportunities of all bank services especially nonborrowing services; Capital Market (SWAP) enhancements; Treasury Management; Commercial Banking; Trust; Retirement Plan Services to our existing client base as well as prospects.
Education
Bachelors Degree or equivalent combination of education and experience in Business Finance or Accounting. Preferred
Experience
Less than 2 years Private Banking or Commercial Banking with credit knowledge. Required
24 years Private Banking or Commercial Banking with credit knowledge. Preferred
Licenses and Certifications
Must have access to reliable transportation and the ability to lawfully drive self if applicable. Required
In addition to core traditional benefits we take pride in offering benefits for every stage of life.
Retirement savings including both 401(k) and Pension plans.
Paid time off to volunteer in your community.
Opportunities to connect with others through our diversityfocusedColleague Resource Groups.
Competitive salaries with professional development and advancement opportunities.
Bonus benefits including wellbeing programs and incentives parental leaveanemployee stock purchase plan military benefits and much more.
Personal banking loan investmentand insurance benefits.
Associated Bank serves more than 120 communities throughout Wisconsin Illinois and Minnesota and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest.Join our community onFacebookLinkedInandX.
Compliance Statement
Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race religion color sex national origin age sexual orientation gender identity disability or veteran status among other factors.
Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.
Responsible to report ethical concerns as needed to Associated Banks anonymous Ethics Hotline.
Associated Bank provides additional assistance throughout the application interview and hiring process. Please contactif you need an accommodation at any time during the process.
Associated BancCorp is an Affirmative Action andEqual Opportunity Employer. Associated BancCorp participates in the EVerify Program. EVerify NoticeEnglish or Spanish. Know Your Right to WorkEnglishorSpanish.
Associated Bank isPay Transparencycompliant.
The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including but not limited to work location skills experience education and qualifications for the role.
$53690.00 $92040.00 per yearRequired Experience:
Manager
Employment Type
Full-Time
