MSB Commercial Lending Officer

Description

GENERAL FUNCTION: Develop and enhance existing and new client relationships within all markets serviced by Republic Bank (“RBC”), with a primary focus on commercial lending, and treasury management services within the MSB Division. Manage the collection and review of customer information specifically as it relates to underwriting and compliance maintenance. Provide solutions to clients by using new and existing products and services. Evaluating MSB clients to ensure existing policies and guidelines are adhered to and that a sound loan and account portfolio is maintained. This individual will collaborate with the MSB Manager, Relationship Management team, Operations team, and Compliance staff, to ensure that the MSB Division is compliant with all applicable laws, regulations, RBC and MSB policies and procedures. 

ESSENTIAL DUTIES AND RESPONSIBILITIES: 

1. Act as primary point of contact for specified portfolio of customers, to promote Republic Bank’s MSB Division.

   1. Promotion of MSB Division and its products, services, and personnel.

      1. Referrals to other Republic Bank divisions

      2. Attendance at industry trade shows

   2. Point of contact to initiate a relationship between a potential customer and Republic Bank. 

   3. Collects customer information specifically as it concerns the underwriting of MSB credit facilities and accounts as well as ongoing compliance maintenance. 

   4. Presents decisions to the MSB Manager as it concerns credit facilities and accounts.  Presentations shall be made to the loan committee meetings as appropriate. 

2. Maintains and monitors the MSB Division loan and account portfolio from a credit risk perspective. 

   1. Assists MSB Manager in maintaining the loan and account portfolio. This includes determining risk and yield returns on account relationships, which is often inter-related with traditional credit facilities. Presentation of monthly credit reports to MSB Manager. 

   2. Works in conjunction with Customer Service Representatives (“CSRs”) and MSB Manager in determining the quality of individual relationships and identifying any problems, which may include customer operations, compliance, or credit. 

   3. Preparation and delivery of account and credit presentations. 

3. Monitors MSB client activity to ensure covenant compliance, proposing improvements where needed, and increasing his/her knowledge base concerning underwriting, BSA, and AML regulations. 

4. Assist with outgoing communication of the credit and/or account review function.   

5. Assists in the preparation and maintenance of industry macro studies and develop trends and analysis of the industry as a whole 

6. Participates in strategic projects representing the MSB Relationship Management Team on an as needed basis. 

SUPERVISORY RESPONSIBILITIES: 

Supervisory responsibilities will be assigned if applicable. 

EXPECTATIONS: 

Achieve goals as set forth by SVP / MSB Manager, which corresponds with the bank-wide budget. 

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED: 

• College degree required. 

• At least 4 years of financial analysis, loan/credit underwriting or equivalent experience. 

• Experience within the MSB or alternative financial services industries is preferred. 

• A high degree of interpersonal skills and the ability to work directly with companies and their owners as well as the various bank departments upon which the division is dependent. 

• The ability to effectively listen to clients and offer appropriate solutions for them to grow their business.  

• Excellent communication skills (written and verbal). 

• Basic office computer skills. 

ADDITIONAL RESPONSIBILITIES: 

Every employee of Republic Bank is responsible for knowing and practicing Bank Secrecy Laws (AML/CIP/SAR/CTR/OFAC), the USA Patriot Act, and other related regulations as they relate to their specific job function. Training will be provided during your Introductory Period and annually thereafter. If you need additional training, you are responsible for contacting your immediate supervisor. 

WORKING CONDITIONS: 

• Normal office environment with little exposure to dust, noise, temperature and the like. 

• Requires manual dexterity sufficient enough to operate offices machines such as computers, fax machines, calculators, telephones, and other office equipment. 

• Extended viewing of CRT screen. 

• Moderate lifting up to 50 pounds. 

• Repetitive hand and arm movement. 

• May require excessive sitting, standing, bending and reaching. 

• Normal range of hearing and vision. 

• Must have reliable transportation. 

• Overnight travel up to 20%. 

What We Offer

As part of our commitment to your physical, emotional, and financial wellbeing, we proudly provide a comprehensive benefits package, which includes:

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• A competitive salary range estimated at $80,000 - $145,0000 annually for this position. (Final compensation may vary based on experience, skills, and qualifications)
• Generous Paid time Off (PTO) to help you rest, recharge, and take care of what matters most
• Health, dental, and vision insurance with tax-advantaged FSA and HSA account options
• Retirement benefits including 401k plan with discretionary matching contributions.
• Childcare assistance program to support working parents and their eligible dependents
• Parental Leave for both primary and secondary caregivers
• Short-term and long-term disability coverage for long-term income security
• Basic Life and AD&D insurance with elective additional coverage for you, your spouse, or children
• Mental health & wellness benefits including bank-paid Headspace meditation app subscription and access to our Employee Assistance Program

Join us and be part of a team here your contributions are valued and supported. We look forward to meeting you!

We look forward to working with you and to the contributions you will make to Republic Bank of Chicago, as well as the opportunity to provide you with professional growth.  However, we recognize that you retain the option, as does Republic Bank of Chicago, of ending your employment with us at any time, with or without notice and with or without cause.  As such, your employment with Republic Bank of Chicago is at-will and neither this job description nor any other oral or written representations may be considered a contract for any specific period of time. 

Qualifications

Salary : $80,000 - $1,450,000