Overview of the Position
This role is a unique hybrid one, with the expectation that working hours will be split between the company office and the field. This arrangement is designed to accommodate the evolving nature of the business and the need for flexible, adaptive work practices.source
Company Background
Silicon Valley Bank (SVB) and First Citizens Bank are two financial institutions that have partnered to offer a robust and diversified financial service offering. First Citizens Bank, with a tradition of service that stretches back 125 years, complements the nimble and innovative approach of Silicon Valley Bank.
Headquartered in Raleigh, North Carolina, First Citizens Bank has built a legacy of strength, stability, and long-term thinking. Offering an array of general banking services, it boasts a network of more than 550 branches in 23 states and commercial banking expertise that delivers first-class financial services across the country. With assets exceeding $200 billion, parent company First Citizens BancShares, Inc. is a top 20 U.S. financial institution.
Silicon Valley Bank, a division of First-Citizens Bank, is recognized as the bank of some of the world’s most innovative companies and investors. Its commercial and private banking services cater to individuals and companies in the technology, life science and healthcare, private equity, venture capital, and premium wine industries.
Role Responsibilities
The role is responsible for developing and managing client relationships, driving revenue growth, and delivering credit solutions to clients in the Healthtech and Medtech verticals within Life Sciences. This involves leading client engagements, conducting market analysis, and collaborating with internal teams to meet strategic account objectives.
Credit Structuring and Underwriting
The successful candidate will lead the structuring, underwriting, and closing of credit solutions for assigned prospects and clients. They will manage resources effectively and will be responsible for scaling these processes. They will play a key role in managing the end-to-end process on all but the most complex deals, engaging with Relationship Management, clients/prospects, and Credit Admin, and other internal and external stakeholders.
Portfolio Management and Risk Management
The role also involves managing an assigned portfolio of borrowing relationships, reviewing information, evaluating risk, and engaging with clients. The successful candidate will build relationships with appropriate stakeholders and recommend responses to changing situations among clients and across the portfolio broadly. They will ensure that portfolio management practices meet or exceed credit quality and standards, and will work to optimize business processes and procedures to enhance portfolio management scalability and compliance.
Team Development and Collaboration
Engagement in team development is vital. The successful candidate will collaborate with and coach associates who support the team, fostering a collaborative environment and providing mentorship to junior team members.
Market and Industry Expertise
Developing and demonstrating subject matter expertise within the team is necessary. This includes staying informed about industry developments and sharing insights with the team.
Qualifications
A Bachelor’s Degree and 2 years of experience in commercial banking, credit underwriting or analysis, or relationship management, or a High School Diploma or GED and 6 years of experience in the same fields are necessary. Preferred qualifications include 4-6 years of commercial banking experience underwriting, strong financial modeling/analysis, memo writing, debt structuring, negotiation, and closing skills, and advanced knowledge of portfolio management practices.
The base pay for this position is generally between $125,000 – $180,800 per year. Total compensation may also include variable incentives, bonuses, benefits, and/or other awards. First Citizens Bank is committed to providing a competitive, thoughtfully designed, and quality benefits program.
