Commercial Market President
First Interstate · Seattle, WA · 1 wk ago
Finance$194k–$321k/yrFull-time
What’s Important To You
We know your career is just one aspect of a meaningful, complex, and demanding life. That’s why we designed our compensation and benefits package to provide employees and their families with as much choice as possible.
- Generous Paid Time Off (PTO) in addition to paid federal holidays.
- Student debt employer repayment program.
- 401(k) retirement plan with a 6% match.
About the Role
The Commercial Market President leads a team of relationship managers to drive growth, manage risk, and deliver tailored financial solutions to mid-sized and large commercial clients.
Essential Duties And Responsibilities
- Leads and manages a team of 5+ Commercial Relationship Managers.
- Develops and executes strategies to grow the commercial loan, deposit, and fee income portfolio.
- Oversees the underwriting and structuring of complex credit relationships.
- Ensures compliance with internal credit policies and regulatory requirements.
- Maintains strong internal controls and operational risk management practices.
- Supports cross-functional initiatives and enterprise-level projects.
- Prepares and presents reports to senior leadership on portfolio health and team performance.
- Fosters a culture of accountability, collaboration, and continuous improvement.
- Maintains strong internal controls and operational risk management practices.
- Leads change management efforts within the commercial banking group.
- Participates in loan committee discussions and credit approval processes.
- Analyzes market trends to identify new business opportunities.
- Manages team productivity, pipeline activity, and revenue targets.
- Drives client acquisition and retention through relationship-based sales strategies.
- Collaborates with product partners (Treasury, Retirement, Home Loans) & other lines of business (Wealth, Community Banking) to deliver comprehensive financial solutions.
- Acts as a senior representative in community, industry, and client-facing events.
- Navigates evolving regulatory environments and shifting market conditions.
- Delivers full capabilities of the bank & optimizes results through effective partnership and planning with Community Market Leader(s) and State President(s).
Management Responsibilities
- Inspires and manages a commercial team of five or more relationship managers.
- Provides coaching, mentoring, and succession planning for relationship managers.
- Sets performance goals and provides coaching, feedback, and development opportunities.
- Engages as a key leader in the market including possibly being the most senior local leader.
Qualifications
- Deep understanding of underwriting, structuring, and approving complex commercial loans.
- Familiarity with federal and state banking laws, including AML and credit risk regulations.
- Proficiency in interpreting financial statements, cash flow analysis, and risk assessment.
- Ability to drive performance and align team goals with organizational strategy.
- Skilled in negotiating loan terms, resolving complex credit issues, and structuring deals.
- Strong problem-solving skills and ability to make data-driven decisions.
- Excellent verbal and written communication for internal leadership and external client engagement.
- Familiarity with CRM systems, financial modeling tools, and Microsoft Office Suite.
Education And/Or Experience
- Bachelor's Degree in Business, Finance, Economics, or related field required.
- Master's Degree in Business, Finance, Economics, or related field preferred.
- 7-9 years progressive experience in commercial lending, with demonstrated expertise in underwriting and managing complex credit relationships, including multi-million-dollar operating lines and term loans required.
- 7-9 years proven track record in credit, sales and portfolio management required.
- 4-6 years experience managing the work production of others involved in both lending and support roles required.