Assistant Vice President, Credit Solutions Innovation Banking

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office. Together, Silicon Valley Bank and First Citizens offer 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.

Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of some of the world’s most innovative companies and investors. SVB provides commercial and private banking to individuals and companies in the technology, life science and healthcare, private equity, venture capital, and premium wine industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights, and connections.

About the Role

The Assistant Vice President of Credit Solutions Innovation Banking is responsible for managing lending and credit for a wide range of credit relationships. This role leads due diligence, deal structuring, and partners with the Relationship Management Team for credit solution delivery and negotiation. It involves managing a portfolio, maintaining credit quality and profitability targets, tracking market and sector trends, and developing insights on loan types and credit trends in sectors. The role also includes coaching and mentoring staff while ensuring emerging risks are elevated and addressed.

Responsibilities

• Lead the structuring, underwriting, and closing of credit products for assigned prospects and clients, including building financial models, memo writing, and engaging with clients, prospects, and internal/external stakeholders.
• Manage the end-to-end process for credit products, from due diligence to deal structuring and approval.
• Partner with the Relationship Management team for the delivery and negotiation of credit products.
• Own the underwriting, approval, and closing process.
• Proactively manage an assigned portfolio of borrowing relationships, reviewing information, evaluating risk, and engaging with clients to build relationships with key stakeholders.
• Communicate internally to recommend and execute responses to changing situations for clients across the portfolio, ensuring portfolio management practices meet SVB standards.
• Engage in team development, including collaboration and coaching of Associates.
• Develop and demonstrate subject matter expertise within the team, including market, sector, and competitive trends, business models, and lending models to enhance scalability.
• Remain abreast of market, sector, and competitive trends to develop insights and points of view on loan types and credit/performance trends in sectors/sub-sectors.

Requirements

• Bachelor’s Degree and 2 years of experience in commercial banking, credit underwriting or analysis, or relationship management.
• OR High School Diploma or GED and 6 years of experience in commercial banking, credit underwriting or analysis, or relationship management.

Preferred Qualifications

• Preferred area of study: Finance, Economics, Business Administration, or related field.
• Preferred area of experience: Technology or healthcare sector experience, and/or leadership experience and advanced financial modeling skills.
• 4 years of commercial banking experience underwriting.
• Strong financial modeling/analysis, memo writing, debt structuring, negotiation, and closing skills with the ability to engage and build trust with clients independently.
• Advanced knowledge of portfolio management practices, including expertise in evaluating risk and managing changing situations.

Benefits

First Citizens Bank is committed to providing a competitive, thoughtfully designed, and quality benefits program to meet the needs of associates. More information can be found at https://jobs.firstcitizens.com/benefits.