Managing Director - Commercial Banking

Western Alliance Bancorporation
$235,000.00 - $290,000.00
dental insurance, tuition assistance, 401(k)
United States, New York, New York
Nov 09, 2024
Job Title: Managing Director - Commercial Banking Location: CA - Los Angeles, La Playa What you'll do: As a Managing Director you'll be in a top-level leadership position responsible for executing the division's strategic plan and guiding your group in its efforts to meet the Bank's annual growth and customer retention targets. Leasing Product expertise and ability to work with Relationship managers and their customers across the bank will determine success. You'll be expected to work with Portfolio Management staff to resolve any issues or facility refinancing for our existing customers.. Focus of the role will be to support ongoing sales efforts to new and existing customers as a product specialist. Expected to be able to structure and advise clients on various lease structures as well as determine credit worthiness of potential prospects What we are looking for: Responsible for supporting Senior Leadership in developing and executing the Bank's strategic plan, with specific focus of leading the efforts to grow the Leasing portfolio. They are measured on their ability to support bankwide sales teams, portfolio health, and management of market dynamics. Establishes the parameters for the various teams and business development officers regarding transaction pitches and negotiation of term sheets. Oversees the credit structuring development process, customer assessment, and presentation to senior and divisional loan committees. Responsible for the group's success in managing portfolio health, and the team's efforts to pro-actively address deteriorating loan performance, mitigating risk from market developments, complications in service delivery, and product adoption. Fosters strong, healthy working relationships with executive and senior leaders in partner departments (including Credit Administration, Risk Management/Compliance, Loan Administration, and other internal support departments, and third-party services), and facilitates team's contribution to and compliance with technical processes and requirements, risk mitigation, efficiency, and customer service. Provides supervision to and directs the activities of their staff; performs supervisory tasks such as performance appraisals, corrective actions, and interviewing candidates for employment; develops work schedules; provides necessary training and coaching Qualifications Bachelor's Degree in related field and fifteen (10) years of Lending and/or Deposit Sales, Credit Administration or other related financial services experience Advanced to expert knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services. Advanced to expert knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices. Advanced to expert Knowledge of commercial credit and loan structuring, pricing dynamics, and has market specific awareness. Strong speaking and writing skills for internal and external audiences Compensation: Salary range for new hires is generally $235,000.00 - $290,000.00 for Los Angeles, CA. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned and restricted stock. Benefits you'll love: We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career! About the company: Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company. Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process. Western Alliance Bancorporation