Head of Subscription Finance – Us Bank Internships Beverly Hills

Position Title: Head of Subscription Finance

Company: U.S Bank

Location: Beverly Hills, CA, US

Job Description:

At U.S. Bank, we’re passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country’s most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.U.S. Bank is seeking to hire a Head of Portfolio Management for Subscription Finance within the Commercial Products division.

Responsibilities:

• Serving as the primary point of contact for all portfolio management functions and responsibilities related to the execution and management of U.S. Bank’s subscription finance portfolio.
• Coordinating directly with the Subscription Finance origination team and the Commercial Products’ Chief Credit Officer to ensure consistency of growth strategy and execution.
• Reviewing, expanding, and establishing enhanced processes, procedures, and internal monitoring/controls in support of meaningful subscription portfolio growth in 2023 and beyond.
• Working with U.S. Bank’s Chief Credit Officer and team to develop strategy and protocols around increased internal lending limits, sponsor aggregation, investor concentrations, etc.
• Evaluating existing subscription credit policy and recommending changes as appropriate to ensure satisfactory risk mitigation and consistency of application throughout the portfolio.
• Training, recruiting, and mentoring of junior team members.

Requirements:

• 7+ years of subscription finance experience at a leading financial institution. Prior experience may include roles within credit, origination, and/or portfolio management.
• Proven experience managing and monitoring a $10BN+ loan portfolio as both Administrative Agent and participant.
• Extensive experience working with leading U.S. fund managers across a variety of investment strategies (buyout, private credit, real estate, secondaries, infrastructure, etc.).
• Experience and deep knowledge of various subscription facility structures (single investor, umbrella, commingled) and fund structures (SMAs, BDCs, open-ended funds, etc.).
• Successful track record passing extensive internal audit reviews. Experience working with external regulators to address subscription finance growth, internal protocols, and controls is strongly preferred.
• Ability to effectively lead a team of portfolio managers while meeting tight internal and external timing deadlines.
• Strong oral and written communication skills, and the ability to effectively partner with internal product and coverage groups.
• Strong Excel and PowerPoint skills