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Private Banking Relationship Manager - Plano Texas
Company: First Horizon Bank Location: Plano, Texas
Posted On: 05/07/2024
Location: - On site, Plano, TX Summary Private Bankers are responsible for business development of professional high net worth individuals and their related businesses, administering loan portfolios, providing clients with wealth management and treasury management solutions, cultivating current relationships, identifying and marketing to prospects, analyzing financial data and needs, and cross-selling products and services. Key Responsibilities Include - Maintains a client portfolio for the bank (
- Expand existing client relationships -which generate incremental revenue for the bank
- Develop new client relationships which generate acceptable returns for the bank
- Work with the Management and Underwriters -to analyze the credit strengths and weaknesses of - - - - - - - prospective borrowers and make loan decision recommendations
- Work with Management to make recommendations on loan pricing which are competitive with the marketplace and achieves an acceptable return for the bank
- Work with Management - to structure loans (term, covenants, collateral, guarantees, etc.) which appropriately -protect the bank
- Work with Management to recognize client needs and matching the bank's capabilities to meet these needs
- Work with Management - on loan structure, pricing, and other product/services for clients
- Maintain a thorough knowledge of bank's -lending policies and regulatory requirements with a particular knowledge of Consumer regulations
- An ability to work with multiple channels to solve the client need: consumer, business banking and commercial.
- Maintain proper house-holding of relationships
- Utilize the appropriate underwriting channel for the client.
- Continually upload financial information and client detail into central repository throughout the underwriting process.
- Gather financials for new and renewal opportunities with clients.
- Prepare Opportunity Memos (with Management) as needed for new and renewal requests to initiate underwriting process.
- Work directly with the underwriter to ensure accurate reflection of financials
- Work directly with the underwriter to ensure accurate preparation of Loss Given Default, Probability of Default, and Risk Adjusted Return on Capital models at time of new/renew requests.
- Coordinate deal team meetings between Relationship Managers, Market Presidents, Senior Credit Officer and Underwriter.
- Works with other Team Members to appropriately ensure accuracy of underwriting package.
- Create/Prepare term sheets, with Management supervision.
- Finalize term sheets to meet client and bank needs
- Engage underwriting to update results of term sheet accordingly and as needed to be reviewed by deal team.
- Work with Manager to coordinate credit decision with Market President, Senior Credit Officer, Executive Credit Officer, Chief Credit Officer and Chief Operations Officer.
- Create/Prepare Commitment Letter with Management supervision
- Finalize any required conditions precedent as needed to ensure Loan Closing has all items needed.
- Responsible for reviewing closing documents
- Responsible for communication with client
- Identifies portfolio weaknesses and trends and alerts management (Group Manager, Market President, Senior Credit Officer) to deteriorating portfolio conditions
- Ensure receipt of all financial and covenant requirements of client relationships, managing exceptions as dictated by policy.
- Annual Review of client relationships as dictated by policy.
- Annual Risk Rating of client relationships as dictated by policy. This role is responsible for completing of Probability of default and Loss Given Default models for on-going annual portfolio management.
- Ensures client adherence to covenants with review of calculations, key provisions, and recommendations according to policy.
Qualifications Include |
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