MinneapolisRecruiter Since 2001
the smart solution for Minneapolis jobs

Senior Manager Credit Pledge Lending

Company: Ameriprise Financial
Location: Minneapolis
Posted on: September 17, 2020

Job Description:

Job Description Lead the Ameriprise Bank, FSB Credit function and manage portfolio credit risk for the Pledged Asset/Securities-Based Lending product. Provide Credit decisioning (underwriting) for non-core Pledged Asset Lines of Credit and manage credit policy. Liaison between Credit and Product teams working with bank partners to create and manage seamless credit decisioning (underwriting) and portfolio management processes. Responsibilities - Lead implementation of the credit decisioning (underwriting) function and for all Pledge Lending underwriting transactions within the FSB. - Manage the efficient and effective operation of Pledge Lending credit function and establish the operating and compliance policies and procedures for the Pledge Lending credit underwriting function. Update as necessary due to changing regulations. Own the bank's Pledge Lending Credit Policy. Ensure implementation and compliance with policies and procedures. Ensure prompt turnaround time on credit decisions (underwriting). - Partner with product management in the development of Pledge Lending loan products, providing expertise on underwriting standards. Serve as a liaison to other functional areas and internal business partners for Pledge Lending loan underwriting. - Monitor overrides, policy exceptions, etc. to ensure operations are within established guidelines. Produce reports to identify opportunities for improved productivity, profitability, and expense control. Participate in various meetings and on various committees. - Daily risk monitoring responsibilities in conjunction with Bank partner: Low equity risk monitoring, book and account level concentration risk monitoring, pre-maintenance call identification and resolution, Maintenance call identification and resolution, exceptional portfolio risk event identification and reporting (Liquidations (NOEC), Default, Bankruptcy, etc.). Monitoring and investigation of loans in Frozen status. - Monthly Reporting to the Chief Credit Officer: book level metrics (e.g. credit limit, loans outstanding, LTV, maintenance calls, etc.), loan level metrics (e.g. loans in pre- and maintenance call status, lines in Frozen status), exceptional portfolio risk event summary (e.g. forced liquidations (NOEC), defaults, bankruptcies, etc.). - Non-Core Loan review and decisioning per outlined policies and procedures: credit line size exceeding $25M, exceptions to standard collateral terms at the time of loan origination, applicants not meeting required underwriting criteria during loan origination, regulatory checks (Regulation O). Required Qualifications - Bachelor's degree. - 7+ years Securities-based lending / Asset-based lending / Pledge lending experience. - Ability to influence and collaborate with or lead across the organization and at all levels to drive results. - Strong analytical and problem-solving skills using data to identify trends and issues and potential ways to solve the issue. - Experience with assigned product, including understanding of compliance rules and regulations for product and industry. - Exceptional credit decisioning (underwriting) abilities and experience with assigned product type. - Ability to identify, measure, monitor, and control credit risk of assigned product and portfolio. - Superior verbal and written communication skills.

Keywords: Ameriprise Financial, Minneapolis , Senior Manager Credit Pledge Lending, Executive , Minneapolis, Minnesota

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category
within


Other Executive Jobs


Head of Platform Management Central Command Systems Operations Sr Manager
Description: Company Overview Job Description About Wells Fargo Wells Fargo Company NYSE: WFC is a diversified, community-based financial services company with 2.0 trillion in assets. Wells Fargo's vision is (more...)
Company: Wells Fargo
Location: Minneapolis
Posted on: 09/21/2020

Branch Manager
Description: The Brink's name is a promise to respect the trust we've earned in over 150 years in business. Every employee honors that promise by offering the highest levels of service and support to our customers. (more...)
Company: brinks
Location: Minneapolis
Posted on: 09/21/2020

Production Shift Manager - Weekend Shift
Description: Job Description:We are always looking for talented, hardworking people to join the E.A. Sween family. We are a family-oriented company that understands the significance of our employees and we are successful (more...)
Company: E. A. Sween Company
Location: Annandale
Posted on: 09/21/2020


Senior Project Manager
Description: Do you love getting in the weeds Do you enjoy working in a close-knit team where communication is key to success Are you extremely organized and detail oriented Do you enjoy collaborating with an array (more...)
Company: Calabrio Inc
Location: Minneapolis
Posted on: 09/21/2020

Global Product Manager 5
Description: Company Overview Job Description Important Note: During the application process, ensure your contact information email and phone number is up to date and upload your current resume when submitting your (more...)
Company: Wells Fargo
Location: Minneapolis
Posted on: 09/21/2020

Facilities Senior Program Manager
Description: Facilities Senior Project ManagerPOWER Engineers, Inc - Facilities Business Unit, Program Management Department, is currently seeking a Senior Program/Project Manager to work out of our Appleton, Wisconsin (more...)
Company: Power Engineers
Location: Minneapolis
Posted on: 09/21/2020

VP GM Central Region
Description: The VP GM oversees the Sales and Operations functions and is responsible for the development and maintenance of profitable volume in an assigned geographic region. Guides the work of employees, as well (more...)
Company: Agiliti
Location: Minneapolis
Posted on: 09/21/2020

First Assistant Manager
Description: First Assistant Manager Brand Overview: As a hometown specialty retailer, maurices is deeply committed to bringing affordable, versatile, and flattering fashion in sizes 2-24 to real women, living real (more...)
Company: maurices
Location: North Branch
Posted on: 09/21/2020

FT Assistant Manager Maurices
Description: FT Assistant Manager - Maurices Brand Overview: As a hometown specialty retailer, maurices is deeply committed to bringing affordable, versatile, and flattering fashion in sizes 2-24 to real women, living (more...)
Company: maurices
Location: Minneapolis
Posted on: 09/21/2020

Senior Manager, Software Engineering
Description: Position Purpose The Senior Manager of Software Engineering is a highly capable technology leader who is responsible for leading the software engineering of products and platforms to drive the digitization (more...)
Company: Sleep Number
Location: Champlin
Posted on: 09/21/2020

Log In or Create An Account

Get the latest Minnesota jobs by following @recnetMN on Twitter!

Minneapolis RSS job feeds