Overview
Embracing a unique hybrid role that necessitates regular working inside and outside the company office, First Citizens Bank and Silicon Valley Bank (SVB) bring forth a combination of strength, stability, and personalized approach. These two institutions are linked by a common goal of offering optimal services that cater to a wide range of clients.
About First Citizens Bank and Silicon Valley Bank
First Citizens Bank has a rich history that spans over 125 years. This is a diversified financial institution that has successfully etched a legacy of stability, strength, and long-term thinking. Headquartered in Raleigh, N.C., it provides an array of general banking services, including lending, leasing and other financial services coast to coast. As a top 20 U.S. financial institution, First Citizens Bank has over $200 billion in assets.
On the other hand, Silicon Valley Bank (SVB), a division of First Citizens Bank, enjoys the reputation of being the bank of some of the world’s most innovative companies and investors. Excelling in providing commercial and private banking to individuals and companies, SVB has carved a niche for itself in the technology, life science and healthcare, private equity, venture capital, and premium wine industries. Operating in the United States’ innovation centers, SVB caters to its dynamic clients’ unique needs with its deep sector expertise, insights, and connections. More information can be found at svb.com.
Job Role and Responsibilities
The hybrid role in question involves managing lending/credit for an extensive array of credit relationships. The person in this role leads due diligence, deal structuring, and partners with the Relationship Management Team for credit solution delivery and negotiation. In addition, they are responsible for managing the portfolio, maintaining credit quality, profitability targets, and tracking market, sector, and competitive trends. This role also involves coaching and mentoring the staff, ensuring any emerging risks are elevated and addressed, and adhering to processes and procedures.
Role Responsibilities:
- Credit Structuring, Underwriting, and Client Relationship: The role involves leading the structuring, underwriting, and closing of credit solutions for prospects and clients. This includes managing resources effectively for client risk and scale/volume, maintaining and enhancing relationships with key client stakeholders, and providing ongoing support and advice to clients.
- Portfolio Management and Risk Management: The role demands conducting thorough financial analysis and risk assessment of client portfolios. The person in this role has to manage the assigned portfolio of borrowing relationships, review information, evaluate risk, and engage with clients. They also have to build relationships with stakeholders and ensure compliance with bank policies, controls, risk protocols, and regulatory requirements.
- Team Leadership and Collaboration: This role involves supporting the MD/Director in team development, including collaboration and coaching of Associates who support the team. The person in this role also collaborates with other banking departments and teams to deliver high-quality service and solutions to clients.
- Market and Industry Expertise: The person in this role must demonstrate subject matter expertise, including market, sector, and competitive trends, business models, lending models. They should also stay informed on market trends, industry developments, and bank products and services.
Qualifications
The candidate should possess a Bachelor’s Degree and have 4 years of experience in Commercial banking, Credit Underwriting or Analysis, or Relationship Management. Alternatively, a High School Diploma or GED holder with 8 years of experience in the same fields can also apply. Preferred areas of study include Finance, Economics, Business Administration, or related fields. The candidate should ideally have industry-specific knowledge in technology or healthcare sectors.
Preferred Qualifications
- 6 years of commercial banking experience in underwriting.
- Strong financial modeling/analysis, memo writing, debt structuring, negotiation skills, and closing skills with the ability to engage and build trust with clients independently.
- Advanced knowledge of portfolio management practices, including expertise in evaluating risk and managing changing situations.
The base pay for this position is generally between $150,000-$200,000 per year. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law.
First Citizens Bank understands the importance of benefits and is committed to providing a competitive, thoughtfully designed, and quality benefits program to meet the needs of their associates. More information can be found at jobs.firstcitizens.com/benefits.
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