Managing Director Structured Fund Solutions

First Citizens Bank • New York, NY

4d • Hybrid

About The Position

Together, Silicon Valley Bank and First Citizens offer you the strength and stability of a diversified financial institution with a 125-year tradition of service and the personalized approach of a nimble financial partner. First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets. Structured Fund Solutions is a division of Global Fund Banking and is a provider of bespoke bilateral and syndicated asset-backed lending solutions to private equity, private credit and venture capital funds.

Requirements

• Bachelor's degree with 8 years of experience in finance (structured credit, lender finance, corporate finance, leveraged finance and NAV finance) or HS Diploma/GED and 12 years of experience.
• Strong numerical, and written and verbal communication skills.
• Undergraduate degree

Nice To Haves

• Experience in a team leader or people manager position with ability to motivate and direct resources as required in a dynamic work environment.
• Strong prioritization skills, ability to deliver within tight timelines, effectiveness in planning and ensure quality output whilst demonstrating excellent attention to detail.
• Experience in interacting with senior leadership on credit risk appetite discussions.
• Experience working on and/or overseeing trading and lending risk activity with private funds.
• Knowledge of typical derivative (ISDA/CSA) market terms for trading activity with private funds.

Responsibilities

• Management of strategic initiatives in support of the team’s structuring, underwriting and execution of complex asset-backed loans to private equity, private credit, and venture capital funds.
• Optimize workplace productivity, identify and mitigate risk and promote an inclusive environment.
• Drive key strategic initiatives in support of the team’s continuing of a suite of asset backed financing solutions to private funds, specifically, (i) lender financing to direct lenders, including private credit funds and BDCs, (ii) NAV financing to buyout and growth equity funds, and (iii) NAV financing to private equity secondaries funds.
• Oversee the development of the approach to underwriting and mitigation of derivative related potential exposure to closed end funds.
• Oversee the underwriting of private funds with respect to both lending and trading activity.
• Involvement in the negotiation of legal documentation governing the terms of lending (e.g. term sheet, loan and security agreement) and trading (e.g. ISDA / CSA) activity.
• Prepare, and present, strategic initiatives and approval materials to senior management and senior approvers.
• Act as the primary point of contact for partner lenders and as one of the primary points of contacts for origination teams across the bank.
• Collaborate with internal and external stakeholders.
• Cultivate relationships with origination and risk management teams and various internal support functions.

Benefits

• Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager