Fifth Third Bank

VP/Director, Asset Backed Finance - Consumer

Charlotte, North Carolina, United States

Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Asset-Backed SecuritiesIndustries

Requirements

Candidates should possess a Bachelor’s degree in Finance, Business Administration, or a related field, along with a minimum of 10 years of experience in asset-backed finance, specifically within the consumer ABS sector, with a strong focus on subprime auto loans. Strong knowledge of capital markets, securitization structures, and regulatory requirements is essential, as is the ability to build and maintain relationships with senior executives and investors.

Responsibilities

The VP/Director, Asset Backed Finance - Consumer will lead deal teams in executing asset securitization transactions focusing on consumer ABS, including auto loan and lease, credit card receivables, prime consumer loans, and timeshare, with a particular emphasis on subprime auto loans. They will originate and execute securitization opportunities, advise clients on appropriate strategies, create pitch materials, and manage existing portfolios. Additionally, they will foster relationships with external clients and internal partners, drive portfolio monitoring and reporting, and contribute to the development of new asset classes.

Skills

Securitization
Capital Markets
Subprime Auto Loans
Consumer ABS
Portfolio Monitoring
Deal Execution
Relationship Management
Credit Risk
Regulatory Requirements

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.

Key Metrics

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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