Rotational Development Program - Credit

TIAA Bank - Parsippany, NJ (30+ days ago)4.8

TIAA Bank's Credit Rotational Development Program enables an intelligent, ambitious recent college graduate to rotate through the key functional groups of the Credit organization, gaining exposure to different aspects of credit risk management & asset types. The ideal candidate will have a desire to expand leadership capabilities by working on cross-functional project teams and reporting to different departments within theTIAA Bank Credit organization over the course of approximately 12 months with full time placement determined by business needs & associate’s skills after successfully completing the rotations.

The program is designed to give the associate experience with managing credit risk throughout the full life cycle of a loan. From evaluating individual credits to top of house portfolio level analytics, the development associate role will be responsible for both strategic & tactical project excecution with exposure to the following areas:

Portfolio Management
Commercial Underwriting
Equipment Finance
Special Assets/ Workouts

Essential Functions:
Perform under the supervision of the Rotational Development Program Manager and Chief Credit Officer, completing deliverables with various leaders within the rotations
Obtain updated financial statements
Analyze financial portfolios and perform ratio analysis
Asset management, equipment valuations
Corporate reporting by risk rating, collateral type, and geography
Underwrite loan requests, assessing credit worthiness and collateral analysis
New credit product review and monitoring
Aggregate credit risk attributes & understand portfolio level risk trends and impact to performance
Portfolio management, emphasis on data analysis to monitor portfolio concentration segments & risk
Receives guidance from and provides feedback to managers in each rotation
Assist in the execution of special projects at the request of the Rotational Development Program Manager, as well as providing support to the business unit during each rotation

Minimum Qualifications: (Knowledge, Skills and Abilities):
Strong spreadsheet and analytical skills
Strong interpersonal skills
Ability to work with some supervision in a fast-paced, growth environment
Ability to prioritize work and meet deadlines
Good written and verbal communication skills
Detail oriented
Proficient with Microsoft Office products (Excel, Word, Outlook)
Flexible, adaptable team player
Ability to multi-task

Training and Experience:
Bachelor’s degree in accounting, finance; or related discipline
MBA preferred
Internship experience in the financial industry strongly preferred
Must be able to commit to a 12-month training program before being placed.
Demonstrated leadership experience through internships, academic projects, student organizations or extracurricular activities is strongly preferred.
Ability to manage multiple tasks and competing priorities effectively.
Excellent project management, interpersonal and communication skills.
Capable of assimilating large amounts of complex information quickly, suggesting process improvements and championing opportunities for change.

Pre-Employment Screening May Include:
Credit Check
Criminal Background Check
DMV Check
Past Employment Verification
Social Security Verification
Note: The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all duties, responsibilities, and skills required of personnel so classified, and they may change at any time.

TIAA, FSB is an equal opportunity employer. No associate or applicant for employment will be discriminated against on the basis of race, creed, ethnicity, color, age, religion, sex, sex stereotype, pregnancy (including childbirth, breastfeeding or related medical conditions where applicable), sexual orientation, gender, gender identity, gender expression, transgender, marital status, national origin, ancestry, physical or mental disability, requesting a reasonable accommodation based on mental or physical disability, medical condition (as defined by applicable law), genetic history and information, citizenship status, military or veteran status, or any other status protected by federal, state, or local law or ordinance or regulation.

TIAA, FSB is not seeking assistance or accepting unsolicited resumes from search firms for employment or contractor opportunities. Regardless of past practice, all resumes submitted by search firms to any employee at TIAA, FSB via e-mail, the Internet, or directly to hiring managers at TIAA, FSB in any form without valid written search agreements executed by the VP, Talent Acquisition for that specific position will be deemed the sole property of TIAA, FSB, and no fee will be paid in the event the candidate is hired by TIAA, FSB as a result of the referral or through other means.

TIAA, FSB will not discharge or in any other manner discriminate against associates or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another associate or applicant. However, associates who have access to the compensation information of other associates or applicants as a part of their essential job functions cannot disclose the pay of other associates or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by TIAA, FSB, or (c) consistent with TIAA, FSB legal duty to furnish information.