Vice President - ABL Asset Manager II
About The Position
The position is responsible for managing a portfolio of Asset Based Lending (ABL) transactions, focusing on overall credit quality, collateral monitoring, financial analysis, and risk mitigation while adhering to all operational and regulatory compliance. The role involves working closely with Truist clients to manage ABL loans, meet client needs, and perform ongoing portfolio monitoring within Truist risk tolerances. The position also requires active collaboration with other functional groups to ensure ABL attains its revenue, income, credit quality, and other financial objectives. Strong written and verbal communication skills are essential for this role.
Requirements
- BA/BS degree
- 7-11 years of related work experience
- Strong technical skills, including financial analysis and modeling
- Demonstrated analytical skills – ability to distill complex data into concise and relevant issues
- Strong interpersonal skills which foster teamwork, trust, and accountability
- Demonstrated ability to collaborate across functional areas to facilitate execution
- English (Required) language fluency
Nice To Haves
- MBA degree, with a Finance focus
- Diversified product structuring/underwriting/portfolio management experience
Responsibilities
- Manage and mitigate credit risk of ABL portfolio transactions.
- Complete on-time, accurate, well-articulated amendment memos, trend cards, and problem loan reports.
- Maintain risk ratings and financial spreads.
- Maintain credit files and manage collateral diligence, including review and analysis of field exams and appraisals.
- Maintain regulatory requirements.
- Understand and adhere to various Truist policies, processes, procedures, and regulatory requirements.
- Restructure and manage problem loans with input from risk partners.
- Manage ABL credit, operational, and market risk within pre-approved risk tolerance levels.
- Work with originations, structuring, legal, compliance, and risk partners to align strategic objectives, share market knowledge, and facilitate seamless execution.
- Work closely with and develop junior talent.
- Demonstrate Truist culture and values.
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- Life insurance
- Disability insurance
- Accidental death and dismemberment insurance
- Tax-preferred savings accounts
- 401k plan
- No less than 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 (potential, depending on position and division)
- Restricted stock units (potential, depending on position and division)
- Deferred compensation plan (potential, depending on position and division)
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What This Job Offers
Job Type
Full-time
Career Level
Manager
