Mid Level Wealth Management Associate Jobs

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Job Description

At Regions, the Private Wealth Management Credit Portfolio Manager is responsible for analyzing, underwriting, and negotiating credit decisions for standards Private Wealth Management (PWM) credit requests submitted by Private Wealth and Lending Advisors. This position will serve on the First Line of Defense and will analyze new Private Wealth Credit and underwrite new or renewed credit exposure. The role will gather information and perform in-depth research to identify, quantify, and mitigate underwriting risk inherent to extending the bank’s capital. This role will be expected to develop strong working relationships with client management, internal teammates, credit officers, and other bankers.

Primary Responsibilities

• Reviews more complex and customized Private Wealth transactions above a designated threshold against Regions' credit standards, validates the appropriate risk rating, and recommends credit decision with limited oversight from management
• Structures PWM credit products to both competitively meet unique PWM client credit needs and minimize credit risk with limited oversight
• Prepares credit packages for new and renewed debt products including performing credit underwriting, analyzing financial statements and projections, utilizing financial models, determining appropriate risk rating, and identifying and mitigating credit risks
• Monitors and manages the credit exposure within Regions' Private Wealth portfolio and identifies opportunities for exposure reduction or new credit opportunities with some guidance from management
• Manages and conducts timely and ongoing portfolio monitoring and servicing activities for an assigned portfolio
• Manages past due and maturing loans and workflow for an assigned portfolio
• Ensures compliance with internal bank PWM, commercial loan policy, and consumer loan policy, credit risk appetite, and external regulatory requirements
• Documents exceptions to credit policy and related rationale/risk mitigation with limited oversight
• Assesses risk issues using standard procedures and makes sound decisions
• Engages with WAs and LAs for assigned portfolio, active in client planning and deal structuring by leading deal discussions and negotiations
• Participates in pricing decisions for PWM credit solutions
• Reviews loan documents for accuracy prior to closing
• May provide coaching and mentorship for other team members and field partners
• May consult with both internal and external clients on PWM credit solutions

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. This position is incentive eligible.

Requirements

• Bachelor’s degree in finance, accounting, or related field
• Five (5) years of experience in commercial or PWM underwriting

Preferences

• Commercial or Private Wealth management underwriting experience
• Knowledge of both Consumer and Commercial Loan Products and Compliance issues
• Prior experience with the Individual Rating Model in Moody’s Risk Analyst (MRA)
• Successful completion of Moody’s online credit training or other major corporate credit training program

Skills and Competencies

• Ability to multi-task and meet deadlines
• Ability to work collaboratively with multiple stakeholders
• Excellent Excel and MRA spreadsheet skills
• Strong analytical and problem-solving skills
• Strong attention to detail
• Strong verbal, written communication, and organizational skills

This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job. The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

• Minimum Job Range Target: $84,150.00 USD
• Median: $111,700.00 USD

Incentive Pay Plans

This role is eligible to participate in a formulaic incentive plan. Employees have the potential to earn incentives based on performance against defined metrics and goals.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time.

Location:

Riverchase Complex North Building
Hoover, Alabama

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.