Deputy Head Special Situations Group

City National Bank • Los Angeles, CA • 3d ago

DEPUTY HEAD SPECIAL SITUATIONS GROUP

WHAT IS THE OPPORTUNITY?

This colleague is responsible for the team's timely and appropriate management of CNB's criticized and classified credits in the bank's workout group known as Special Situations Group or SSG. The portfolio contains C&I, Investor Commercial Real Estate, and Consumer loans The focus of this team is to maximize recovery to CNB with a goal of rehabilitating certain customers to pass credit status and returning the relationshiptoRelationship Managers on the Line of Business. Portfolio management includes recommendation of loan decisions on credits as well as Borrower and Regulatory risk ratings. Additionally, Deputy Head will lead the bank-wide quarterly portfolio review discussions and, on an ongoing basis, provide technical advice and assistance to lending and credit colleagues on the line in identification and evaluation of potential problem loans. Develops, improves and enforces the department's internal policies and procedures. Performs other duties as requested.

WHAT WILL YOU DO?

Proactively manages team of Relationship Managers handling complex portfolio of problem C&I and commercial real estate loans. Leads a team developing and recommending strategies to rehabilitate, where appropriate, or to maximize recovery and reduce losses from portfolios. Negotiates and executes restructurings with clients including credit approval recommendations and legal documentation. Prepares and reviews a variety of reports dealing with portfolio status, risk classification and proposed action plans, performance tracking, recommendations for charge-offs and other routine reports.

Ensures the timely recognition and reporting of changes in loan quality and risk to minimize the Bank's exposure and ensure that proper reserves are in place.

Directs department workflow. Oversees and approves colleague training, performance appraisals, counseling and hiring and termination decisions. Lends support to team in negotiations with commercial loan customers in cases where the customer's relationship with the Bank is at a serious juncture or where the loan is particularly large or complex.

Interfaces with line units and credit risk colleagues to identify loan problems early and to help recommend corrective action. Also, provides consultative assistance outside of SSG to other areas of CNB, particularly on deteriorating assets. Refers to internal or external attorneys whenever special loan documents or confirmation of the Bank's legal position is required.

As senior leader in SSG, provide overall guidance and support across the entire group. Partner with Head of SSG in preparing presentations for regulators, Chief Credit Officer, and/or executive management; addressing Issues; and leading SSG projects. Provide mentorship and training to junior colleagues.

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications

Bachelor's Degree or equivalent

Minimum of 15 years commercial/corporate lending experience

Minimum of 3 years supervisory experience.

Additional Qualifications

Bachelor's or master's degree with broad studies in the areas of Business, Finance, Economics and Accounting and real estate lending experience.

Superior knowledge of commercial real estate finance, workout and restructuring, credit, appraisal, and legal documents.

Requires thorough knowledge of appropriate banking laws, regulations and bank policies and practices.

Excellent verbal and written communication skills to interact effectively with all levels of Bank personnel and customers.

Must possess strong working knowledge of the Microsoft Suite.

WHAT'S IN IT FOR YOU?

CompensationStarting base salary: $157,943 - $293,299 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date

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

Get a more detailed look at our https://careers.cnb.com/benefits.

ABOUT US

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at https://www.cnb.com/about-us.html.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

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.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

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