Lead Bank is a chartered banking-as-a-service platform for builders and innovators. Despite broader economic headwinds, the continued proliferation of fintech companies and a 20x increase in fintech investment ($20.5 billion in 2020) signals that the market’s interest in embedding financial services products into their offerings is resilient and sustainable. Whether it’s a travel company that wants to offer credit for an expensive trip, a social network that wants to enable in-feed shopping solutions, or an ecommerce platform that wants to provide client rewards cards, the broader tech ecosystem has enjoyed a step-change in the sophistication, variety and complexity of client-facing products they can offer. This means that the underlying infrastructure powering those fintechs needs to evolve to meet these modern demands.
While fintech companies continue pushing boundaries, they have largely accepted that directly integrating with banks is costly, time-consuming and operationally burdensome. This frustration comes in many forms: gaps in technical acumen, product scalability, client risk appetite, and company culture. These gaps clearly illustrate the need for a new paradigm in banking technology.
Lead Bank is bridging those gaps. We see a massive opportunity for a tech-savvy developer-focused bank to augment a sophisticated financial services platform with the compliance, regulatory, capital markets, and legal expertise required to help our clients succeed. Come join us on our journey.
Role Description: The Director of Commercial Lending is responsible for the success of Lead’s commercial loan portfolio and the management and development of the commercial lending team. In addition to developing and nurturing key bank client relationships, this person will recommend and implement commercial lending policies, credit risk rating processes, and interest rate structures to maximize profits and growth in line with Lead’s objectives.
In this role you will:
- Manage, support, and develop a team of Loan Officers; ensure a competent, motivated staff through training, mentoring, supervising, and reviewing performance
- Oversee the underwriting of commercial loans that meet Lead’s strategic objectives and optimize profitability and risk; ensure consistent compliance with bank policy and regulatory requirements
- Develop and maintain relationships with borrowers, other financial institutions, and relevant stakeholders to facilitate smooth lending operations and business growth.
- Review loan policies and operational procedures on a routine basis and recommend updates or revisions to the Loan Committee and Board of Directors
- Oversee and coordinate preparation of Loan Committee and Board reporting for new loan requests, loan renewal requests, material change requests, ORE and Past Due reports; review credit presentations to ensure alignment with bank lending policies and adequate risk mitigation
- Perform all other related duties as assigned
Qualifications:
- Minimum of 10 years of commercial lending experience
- Experience managing and building high-performing teams
- Strong organizational skills with experience in managing multiple time-sensitive projects simultaneously
- Excellent communication skills
- Extensive knowledge of commercial banking and ability to analyze financial information
What we offer:
- At Lead, we design our benefits to support company culture and principles, to foster an efficient and inspiring work environment, and to create the conditions for our team to give their best in both work and life
- Competitive compensation, including opportunities for equity grants, based on experience, geographic location, and role
- Medical, Dental, Vision, Life, 401k Matching, and other wellness benefits, including FSA, HSA and HRA
- Paid parental leave
- Flexible vacation policy, including PTO and paid holidays
- A fun and challenging team environment in a dynamic industry with ample opportunities for career growth
*Lead Bank is proud to have an inclusive culture committed to ensuring equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.
*Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
