MD Credit Markets

Work Arrangement:

***After the initial training period, this is a hybrid role, working onsite in our Wilmington, DE office.***

Head of the organization's credit function.

Essential Functions

Directs strategic short-term and long-term credit management, oversight and planning for the organization. Sets strategy, direction, methodology, policies, and guidelines for credit management, administration and controls including establishing management and administrative procedures to ensure adherence to policies and providing approval procedures and guidelines on credit limits by type of product and/or transaction.
1. Works directly with the Board of Directors to formulate and implement the organization's credit management, administration, and control policies.
2. Executes a corporate-wide compliance and operational credit management framework and strategy by leading credit management activities and responses covering all the diverse Bancorp businesses. Supports The Bancorp credit management standards among senior management and the executive team and promotes, encourages, and demands a strong credit management culture among business line executives.
3. Monitors top credit and associated risk issues for the company. Prepares and delivers company summary reports and presentations for senior leadership and the Board on the state of credit and loan risk throughout the enterprise. Develops a set of key credit risk indicators to provide an early warning system of the firm's top credit risks.
4. Participates as an active member of various senior management committees in decisions affecting the overall direction and strategy for the corporation. Attends various Loan and Credit Committees and Enterprise Risk and Compliance Committees.
5. Maintains credit risk and other financial and operational controls in the loan operations to minimize risks and ensures compliance with all federal agency and banking rules and regulations governing the industry and its products. Works closely with the various operational areas to ensure all business operations, credit decisions, etc. regulatory rules, and regulations.
6. Leads the team, develops, and executes a workforce plan to meet business goals.
7. Acts as a liaison and credit subject matter expert to compliance, risk, audit and operational staff and business unit leaders throughout the company. Promotes cross-divisional conversations and sharing of experiences. Provides advice and counsel to business unit leaders on credit risk management and administration activities. Leads routine and ad hoc meetings to market, communicate, and discuss new, improved, or changing credit risk management, controls and administrative procedures, training, and processes.
8. Supports Fintech Solutions Business Line in building out credit sponsorship platform.
9. Represents the company in relationships with key audit firms as well as other outside parties and banking officials. Negotiates business alliances and strategic partnerships.
10. Works closely with governmental agencies and auditors during FDIC, FRB, and other related audits. Provides leadership, consultation, and advice to internal departments during audits. Implements audit recommendations in the business operations and continuously sponsors and acts as a role model to adopt controls to ensure adherence and minimize losses for the company.
11. Performs other duties as assigned.

Manager Responsibilities

• Manages team of employees by overseeing day-to-day operations.
• Sets high performance standards and manages team performance in accordance with HR policies and procedures.
• Creates a flexible and energized work environment, fostering an atmosphere that enables employee trust and engagement.
• Inspires confidence and motivates employees to perform at their best level.
• Develops employees while effectively addressing performance issues.

Education/Experience Requirements

• Undergraduate degree in finance, business or a related field or an equivalent combination of training and experience.
• 10 years of related credit management experience in the financial services industry.
• 5 years of business leadership skills with experience managing large, high-performing teams in a complex organization.

Preferred Requirements

• Strong working knowledge of audit, operational risk management and compliance protocols and standards as well as banking rules and regulations.
• Excellent verbal, written, and interpersonal communication skills.
• Team player, able to work effectively in a team fostered, multi-tasking environment.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.

This job will be open and accepting applications for a minimum of five days from the date it was posted.

This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process.

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The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.