CF Portfolio Compliance Administrator - (Remote) OH at First Citizens Bank

, , United States -

Full Time

Start Date

Immediate

Expiry Date

09 Oct, 26

Salary

0.0

Posted On

11 Jul, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Portfolio Compliance, Underwriting, Regulatory Compliance, State Licensing, Portfolio Reporting, Documentation Review, Asset Based Securitization, Risk Management, Audit Coordination, Relationship Management, UCC Renewals, Closing Checklists

Industry

Banking

Description

Overview This is a remote role that may only be hired in the following location(s) Ohio. The CF Portfolio Compliance Administrator provides support for Commercial Finance's Sixty-First Commercial Finance Joint Venture with Sixth Street Partners. This role, as contractually required by Sixth Street Partners, will maintain and monitor compliance of established JV policies and procedures, regularly interface with State regulators and outside counsel to ensure full compliance with all State licensing requirements, and will interface with FCB compliance team to monitor Reg W and other regulatory compliance as needed. Will assist in the underwriting of new business and develop and manage Portfolio review process as the portfolio is now growing. Will review all final documentation for completeness consistent with Commercial Finance's transaction review process. Provides support to the JV CCO by developing and maintaining portfolio reporting and prepares materials for presentation at quarterly JV board meetings, quarterly FCIAM compliance meetings, as well as preparing the critical data deck that will be used for ABS presentations. Responsibilities Documentation - Responsible for ongoing tracking of state licenses, ongoing state license reporting requirements and coordination of any. Provide portfolio reporting on an ongoing basis to various 3rd party firms who support the JV (6th Street, Guidehouse, JDR). Responsible for ongoing tracking and compliance with state licensing requirements. Create and maintain comprehensive closing document files in the appropriate online storage location. Reporting - Assist in the preparation of ongoing monthly and quarterly reporting packages. Coordinate the preparation of ongoing monthly and quarterly JV portfolio and business performance reporting packages. Operational Support - Tracking and documenting customer complaints and responses. Assist in monitoring and tracking insurance and UCC renewals and audits by state regulators. Assist in the tracking and receipt of post-close conditions and follow-up items. Manage ongoing compliance and coordinate/facilitate any audits by State Regulators. Preparation and review of closing checklist on transactions. Business Support - Assist in transaction closings, underwriting new transactions, and resolution of portfolio management issues as needed. Work closely with team and internal peers to prepare and present relevant portfolio metrics and related Asset Based Securitization (ABS) offering and presentation materials to be used during annual ABS road show meetings. Communicate to the team on any existing or developing issues that need attention. Relationship Development - Develops and retains positive business and customer relationships. Makes recommendations in vendor selection, negotiations, issues resolution, and ongoing relationship management. Qualifications Bachelor's Degree and 6 years of experience in Underwriter, Portfolio Management, Compliance, Documentation OR High School Diploma or GED and 10 years of experience in Underwriter, Portfolio Management, Compliance, Documentation Preferred: Bachelor's Degree The base pay for this position is generally between $95,000.00 and $140,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment. Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

Responsibilities

The role involves monitoring compliance with JV policies and state licensing requirements while interfacing with regulators and outside counsel. Additionally, the administrator supports underwriting, manages portfolio review processes, and prepares reporting materials for board meetings and ABS presentations.