ABL Director - Group Credit Leader
About The Position
The position involves managing a portfolio of Asset Based Lending (ABL) transactions, focusing on overall credit quality, collateral monitoring, financial analysis, and risk mitigation while adhering to operational and regulatory compliance. The role requires working closely with Truist clients to manage ABL loans, meet client needs, and perform ongoing portfolio monitoring within Truist's risk tolerances. Collaboration with other functional groups is essential to ensure ABL achieves its revenue, income, credit quality, and other financial objectives. Strong written and verbal communication skills are necessary for teammates in this role.
Requirements
- BA/BS degree
- 15+ years of related work experience; 3-5 years of management experience.
- Extensive subject matter expertise including advanced understanding of industry drivers, client interaction, product positioning, underwriting, workout and risk mitigation strategies.
- Demonstrated ability to collaborate and influence across functional areas to resolve complex issues.
- Strong interpersonal skills which foster teamwork, trust, creativity/innovation and accountability
- Ability to communicate clearly, concisely and insightfully.
- Evidence of ability to develop and retain top talent.
- English (Required) language fluency.
Nice To Haves
- MBA degree, with a Finance focus
- Diversified product structuring/underwriting/portfolio management experience
Responsibilities
- Lead team of asset managers to manage/mitigate credit risk of ABL portfolio transactions.
- Manage and develop a team to complete on-time, accurate, well-articulated amendment memos, trend cards, and problem loan reports; maintain risk ratings and financial spread; maintain credit files, manage collateral diligence including review and analysis of field exams and appraisals and maintain regulatory requirements.
- Attract, retain and develop a team of top credit professionals.
- Drive the restructuring of problem loans and workouts and closely monitor the teams complex transactions.
- Manage ABL credit, operational and market risk within pre-approved risk tolerance levels.
- Communicate and oversee compliance with risk policies and procedures.
- Work with originations, structuring, legal, compliance and risk partners to align strategic objectives, share market knowledge, and facilitate seamless execution.
- Demonstrate Truist culture and values.
Benefits
- medical
- dental
- vision
- life insurance
- disability
- accidental death and dismemberment
- tax-preferred savings accounts
- 401k plan
- 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment
- 10 sick days (also prorated)
- paid holidays
- defined benefit pension plan
- restricted stock units
- deferred compensation plan
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What This Job Offers
Job Type
Full-time
Career Level
Manager
