Community Development PM Team Lead

Citizens Financial Group•Boston, MA

3d•Hybrid

About The Position

As the Community Development Portfolio Manager Team Lead , you will serve as the manager and principal Portfolio Management officer for nearly $5.0 billion Community Development lending and investment portfolios. You will be accountable for p roviding direction and oversight to portfolio composition, identifies macro trends and implements strategies for managing overall portfolio risk in conjunction with Community Development Lending and Investment RM Team Leaders. Primary responsibilities include Manages a team of portfolio managers and credit Analysts, including those managing straightforward up to the most complex credits and equity investments with the most complex corporate organization structures, documentation and/or collateral structures, including those with large exposures in complicated and/or specialized industries. Assures that all PMs are trained and kept up to date on Citizens credit policy as well as issues affecting the general economy. Actively ensures compliance with Federal regulations and Citizens policies. Actively involved in assessing, developing and implementing credit and compliance policies. Effectively interacts with credit, credit review and other internal business partners to ensure smooth working process across areas of responsibility.

Requirements

Strong CRE underwriting skills, including financial analysis, cash flow modeling, sponsor/guarantor analysis, and covenant structuring.
Proven ability to manage ongoing portfolio monitoring , including covenant compliance, risk ratings, and annual reviews.
Experience overseeing construction loan monitoring , including draw approvals, budget tracking, and issue escalation
Solid working knowledge of Low-Income Housing, New Markets, and Historic Tax Credit structures , compliance requirements, and post-closing portfolio issues.
Familiarity with Community Development Financial Institutions and Loan Pool programs and risk management.
Ability to identify emerging credit risk, recommend mitigants, and partner with Relationship Managers and Credit/Risk teams
Strong proficiency in Excel and Microsoft Office; experience CRE modeling tools preferred.
Clear, concise written and verbal communication skills; able to produce high-quality credit memos and portfolio reporting.
Bachelor’s degree in Finance, Accounting, Economics, Business, or related field
To thrive as a colleague at Citizens, candidates must demonstrate a strong customer-centric mindset, exhibit persistence and resilience in the face of challenges, and embrace continuous learning to adapt and grow in a dynamic environment.

Responsibilities

Manages a team of portfolio managers and credit Analysts
Provides direction and oversight to portfolio composition
Identifies macro trends and implements strategies for managing overall portfolio risk
Ensures PMs are trained and kept up to date on Citizens credit policy as well as issues affecting the general economy
Ensures compliance with Federal regulations and Citizens policies
Actively involved in assessing, developing and implementing credit and compliance policies
Effectively interacts with credit, credit review and other internal business partners to ensure smooth working process across areas of responsibility