Understanding the Role of a Portfolio Manager III in Nonprofit and Institutional Banking
The portfolio manager III position in the Nonprofit and Institutional Banking sector is a crucial role, focused on managing the long-term risk-adjusted returns for the bank within an assigned business segment or geographic area(s). It involves handling a subset of existing credits and playing a key role in the origination of new credits.
The primary responsibility of the portfolio manager III is to serve various nonprofit clients, including colleges and universities, private schools, religious organizations, associations and charities, and nonprofit healthcare organizations, across a national footprint. They provide customized credit and banking solutions to support these organizations’ working capital, capital expenditures, growth, and other strategic business needs.
Responsibilities of a Portfolio Manager III in Nonprofit and Institutional Banking
The portfolio manager III operates within a relationship-focused model that emphasizes risk management, cross-functional collaboration, and long-term client partnerships. They are tasked with providing comprehensive credit recommendations and presentations to key risk partners related to existing clients and potential prospects of the bank.
This involves moderate to complex new credit structures, modifications, and extensions based on a comprehensive review of the borrower(s) and guarantor(s) financials. These financials can include current and historical financial statements, tax returns, projections, and/or cash flow proformas.
Another critical aspect of the portfolio manager III’s role is their responsibility for the ongoing oversight and management of their portfolio. This includes timely risk rating assessments, reporting covenants, covenant compliance, and the preparation of quarterly and annual reports.
Key Activities of a Portfolio Manager III
A Portfolio Manager III must demonstrate excellent teamwork skills, mentoring junior colleagues and fostering a culture of continuous improvement and professional growth. They own and manage an assigned credit portfolio, ensuring alignment with organizational goals and risk management practices. This includes underwriting all types of credit exposures, managing credit risk, and responding to prospective client inquiries.
Effective performance monitoring is another crucial activity. Portfolio managers perform portfolio management activities to monitor and analyze portfolio performance, including periodic reviews and covenant tracking. They also analyze credit data to support underwriting and creditworthiness assessments, developing and presenting individual credit recommendations.
Practicing effective risk management is a critical aspect of their role, maintaining high standards of credit quality and origination in alignment with the Bank’s credit risk appetite, and compliance with institutional and regulatory requirements.
Skills and Qualifications Required
A Portfolio Manager III needs to hold at least a Bachelor’s Degree or equivalent in Finance, Business or a related field. They also need to have a minimum of six years of progressively increasing credit underwriting and portfolio management experience in the relevant industry.
Additionally, they need advanced experience in credit management and lending operations, with a strong understanding of risk management principles. A desire to build leadership and coaching skills, with the ability to train and develop talent is crucial. Strong communication and collaboration skills, with the ability to work effectively with senior leadership and cross-functional teams is also significant.
What’s in it for You
The compensation for a Portfolio Manager III starts from $111,408 to $189,738 per year, and the job is eligible for bonuses and/or commissions. City National also offers comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following the start date.
There are also generous 401(k) company matching contributions, Career Development through Tuition Reimbursement and other internal upskilling and training resources, Valued Time Away benefits including vacation, sick and volunteer time, and Specialized health and family planning benefits including fertility benefits, and cancer, diabetes, and musculoskeletal support programs.
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. They are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
You can find more detailed information about the Portfolio Manager III – Nonprofit and Institutional Banking position Here.
