Director, Asset Based Lending at Fifth Third Bank

Chicago, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Experience in asset-based lending (ABL) is required
Strong leadership and team management skills
Knowledge of credit review and loan approval processes
Understanding of capital markets activity
Ability to establish and maintain strong working partnerships with internal and external stakeholders
Compliance with all Bank policies, procedures, and regulations
Completion of all required compliance training

Responsibilities

Leads teams through the ABL underwriting process
Responsible for pitching, structuring, and executing ABL transactions
Carries out day-to-day coverage, origination support, and transaction management for clients
Performs loan structuring, underwriting due diligence, and prepares presentation materials for credit approval
Manages and prioritizes a pipeline of ABL financing opportunities
Establishes strong working relationships with internal partners (loan operations, treasury, portfolio management) and third-party consultants
Provides guidance and recommendations on underwriting and business issues through effective communication
Ensures compliance with all Bank policies and procedures, and federal and state laws and regulations
Manages third-party relationships (attorneys, appraisers, etc.)

Skills

Key technologies and capabilities for this role

Asset-Based LendingABL UnderwritingCredit ReviewLoan StructuringRisk ManagementCapital MarketsTeam LeadershipDue Diligence

Questions & Answers

Common questions about this position

What is the salary for the Director, Asset Based Lending position?

This information is not specified in the job description.

Is this role remote or does it require office work?

This information is not specified in the job description.

What skills are required for this Director role?

Required skills include experience in asset-based lending (ABL), strong leadership and team management skills, knowledge of credit review and loan approval processes, understanding of capital markets activity, and ability to establish strong partnerships with stakeholders.

What is the company culture like at Fifth Third Bank?

The company's mission is to connect great people to great opportunities, with a focus on providing ABL solutions across the Commercial Bank platform.

What makes a strong candidate for this leadership role?

A strong candidate will have experience in asset-based lending, proven leadership and team management skills, and the ability to build partnerships while ensuring compliance and managing risk effectively.

Fifth Third Bank

Provides banking, loans, and wealth management services

About Fifth Third Bank

Fifth Third Bank offers a variety of financial services, including personal and business banking, loans, mortgages, credit lines, and insurance products. Their services cater to individual consumers, small businesses, and commercial clients, providing comprehensive solutions for managing finances. The bank generates revenue through interest on loans, service fees, and commissions from insurance and investment products. Unlike many competitors, Fifth Third Bank emphasizes community engagement and financial education, providing resources to help clients improve their financial literacy. The goal of Fifth Third Bank is to support clients in achieving their financial objectives while fostering a strong connection with the communities they serve.

Cincinnati, OhioHeadquarters

1858Year Founded

IPOCompany Stage

Social Impact, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Paid Sick Leave

Paid Holidays

Performance Bonus

Flexible Work Hours

Risks

Rising interest rates may decrease demand for loans and mortgages.

Competition from fintechs like Robinhood threatens Fifth Third's wealth management sector.

Sophisticated cybersecurity threats pose risks to customer data and trust.

Differentiation

Fifth Third Bank offers comprehensive financial solutions for individuals and businesses.

The bank emphasizes community engagement and financial education for client empowerment.

It provides a wide range of insurance products, including life, health, and disability.

Upsides

Increased demand for digital banking boosts Fifth Third Bank's online service offerings.

Partnerships with fintech enhance technological capabilities and customer experience.

Growing interest in sustainable finance attracts environmentally conscious customers.

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