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About the Role
The Portfolio Manager is part of the credit management team, focused on long-term risk-adjusted returns within an assigned business segment and/or geographic area. This individual manages a subset of existing credits and is a key partner in originating new credits. The Commercial Real Estate Credit team provides underwriting and portfolio management expertise to CRE clients, including private individuals, family offices, and institutional funds/investors/developers.
Responsibilities
- Provide comprehensive credit recommendations and presentations to key risk partners for new and existing clients.
- Present credit recommendations within the bank's risk appetite and framework, adhering to policies and procedures.
- Be responsive to client credit needs with a high level of client service and acumen.
- Oversee and manage the assigned portfolio, including risk rating assessments, covenant reporting, and report preparation.
- Mentor junior colleagues and foster a culture of continuous improvement.
- Own and manage an assigned credit portfolio, ensuring alignment with organizational goals and risk management practices.
- Underwrite all types of credit exposures, manage credit risk, and respond to prospective client inquiries.
- Analyze credit data and perform underwriting to assess creditworthiness and recommend appropriate structures.
- Prepare underwriting memorandums and approval documents for Credit Risk presentation.
- Perform portfolio management activities, including periodic reviews and covenant tracking.
- Analyze credit data to support underwriting and creditworthiness assessments.
- Develop and present individual credit recommendations.
- Practice effective risk management, maintaining high standards of credit quality and origination.
- Ensure compliance with institutional and regulatory requirements.
- Partner with Relationship Managers to manage credit account relationships.
- Collaborate with cross-functional teams to ensure cohesive and effective credit operations.
- Participate in ad-hoc projects to support organizational priorities.
- Provide exceptional client service, maintaining professionalism and effectively interacting with clients.
- Participate in joint sales pitches with Relationship Managers.
Requirements
- Bachelor's Degree or equivalent in Finance, Business or related field
- Minimum 4 years of progressively increasing credit underwriting and portfolio management experience in relevant industry/industries
- Advanced experience in credit management and lending operations, with a strong understanding of risk management principles
- Desire to build leadership and coaching skills, with the ability to train and develop talent
- Strong communication and collaboration skills, with the ability to work effectively with senior leadership and cross-functional teams
- Advanced analytical skills, with the ability to interpret complex data and make informed decisions
- Industry-specific knowledge and expertise
Skills
- Credit underwriting
- Portfolio management
- Risk management
- Credit analysis
- Underwriting memorandums
- Client service
- Collaboration
- Communication
- Analytical skills
Location
- City National location
Work Type
- Full-time
Experience Level
- Minimum 4 years of progressively increasing credit underwriting and portfolio management experience
Education Level
- Bachelor's Degree or equivalent in Finance, Business or related field
Salary/Compensations
- $111,408 - $189,738 per year
Benefits
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
About the Company
- City National Bank was founded in 1954 by entrepreneurs for entrepreneurs.
- City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
Equal Opportunity
- City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer.
- We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
- It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.