Mgr Credit Strategist PB
PRIVATE BANKING CREDIT STRATEGIST
WHAT IS THE OPPORTUNITY?
Private Banking Credit Strategist reports directly to Head of Private Banking and works closely with the Division Administrative Manager, credit administration, risk and regional teams to define the credit strategy that protects the business from risk exposure while responding to client's lending needs. This role will be crucial in supporting Private Bank's transformation and growth strategy.
Private Banking Division
As a member of City National's Private Banking group, you will help deliver tailored financial solutions to high- and ultra-high-net-worth families, select professional services firms and select nonprofits. Exceptional, customized service and integrated solutions and strategies, investment management, trust and wealth planning set this team apart.
WHAT WILL YOU DO?
- Lead the strategy and coordinate the execution of the custom lending function, to create the Right to Win for the Private Bank
- Set the strategic direction for PB to manage the portfolio and risk exposure partnering with the risk team to determine and monitor the risk appetite
- Continuously improve the competitiveness of our target client segment through best in class credit delivery model
- Shape the vision and define the strategy for the lending technology platforms (nCino) to be used by the Private Bank
- Establish key milestones for future state custom lending product offering for the Private Bank
- Identify macro and micro trends within the Private Banking industry that can impact the PB portfolio, and work with Risk and Regional managers to take appropriate steps in changes to underwriting criteria or undertake rapid portfolio reviews
- Drive alignment of strategy to policy and procedure simplification / optimization, make the underwriting process more effective with a focus on value-add activities and creating risk differentiated processes
- Ensure all strategic initiatives of the credit organization strictly adheres to internal control policies and are in accordance with legal and regulatory requirements
- As a senior leader in the Private Bank credit organization, provide strong leadership and be a strong advocate for the team with internal stakeholders
- Instrumental in defining a credit strategy that delivers continuous innovation by leveraging data and automation tools for better insights to support the lending decision or speed up decisioning
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- Master's Degree MBA, Accounting, Finance, or related discipline
- 15-20 years of experience with increasing responsibility, managing and leading in a custom lending business for HNW/UHNW clients
- At least 10 years in roles with Credit and/or Risk management responsibility
- Proven experience with credit underwriting for UHNW/HNW clients
- Comprehensive understanding of the industry, with an advanced understanding of, and experience with, all related banking lending products
- Experience with large scale technology integration projects for commercial lending solutions
Skills and Knowledge
- Demonstrates strategic vision for Private Bank as well as City National Bank, aligns own strategy, priorities and goals to those of the business and the bank.
- Proven track record of managing credit risk policies and procedures at a Private Bank
- Recognized leader in advocating for change
- Exemplary project management skills to lead large change program
- Future-compatible and client-centric mindset: sharp awareness of present and future client needs.
- Strong execution and implementation ability.
- Ability to build and maintain strong relationships across the organization, including credibility with both Business and Risk leaders
- Demonstrates ability to engage in constructive and consistent dialogue with risk partners, in a manner that effectively balances revenue generation with a strong risk culture.
- Exemplary leadership skills to engage diverse teams to partner and work together
- Displays executive presence by remaining calm in times of crisis, making balanced decisions and radiating confidence to teams.
- Challenges team to continuously identify market trends, new regulations and disruptions, that impact Private Bank and/or its clients, and shifts strategy to stay competitive.
- Recognized by others as a risk expert and a role model for others to develop risk management skills
- Creates an environment where people hold themselves to the highest ethical standards
- Allocates resources effectively, maximizing results for the Private Bank
Compensation
Starting base salary: $175,745 - $326,377 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
