Director, ABL Operations

🔥 0 minutes ago

🌽 Illinois – Remote

🌽 Illinois – Remote

💵 $155.1k - $333.5k / year

⏰ Full Time

🔴 Lead

⚙️ Operations

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

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Fifth Third Bank

WebsiteLinkedInAll Job Openings

10,000+ employees

Founded 1858

🛡️ Insurance

💼 Consulting

📦 Logistics

Insurance • Consulting • Logistics

Fifth Third Bank is a diversified financial services company offering a wide range of banking and financial products and services. It provides personal banking solutions such as checking and savings accounts, credit and debit cards, and identity theft protection. Borrowers can access various loans and mortgage options, while investors benefit from investment products like ETFs, mutual funds, and stocks. The bank also provides a robust set of services for businesses and commercial clients, including cash management, treasury management, and specialized lending solutions. Additionally, Fifth Third offers wealth management services with private banking, trust, and estate services. Customers can benefit from Fifth Third's online and mobile banking platforms, enabling them to bank anywhere at any time. Fifth Third Bank is focused on delivering seamless banking experiences with a strong emphasis on customer convenience and security.

📋 Description

• Develop and execute the operational strategy for ABL servicing and collateral management • Align operational capabilities with business growth objectives • Lead operational integration efforts associated with acquisitions, portfolio purchases, and mergers • Ensure adherence to regulatory requirements, internal policies, and operational risk standards • Oversee issue management, audit remediation, business continuity planning, and control effectiveness • Maintain governance over access management and operational approvals • Direct ABL servicing, collateral monitoring, and structural services activities • Oversee collateral monitoring system administration and maintenance, deal onboarding, facility implementation, balancing functions, system setup, and portfolio boarding • Establish scalable operating procedures and performance standards • Drive continuous process improvement and operational efficiency initiatives • Own the operational systems strategy and roadmap • Lead system implementations, upgrades, and conversions • Manage third-party vendors and service providers • Serve as liaison among ABL leadership, Risk, Audit, Finance, Operations, and Technology • Provide reporting, analytics, and operational insights to senior management • Build, develop, and retain a high-performing operations team • Establish succession planning and leadership development programs • Complete analysis for gearing and other inputs for the Head of ABL to complete financial analysis and budgeting • Identify cost-saving and operational efficiency opportunities • Establish and monitor KPIs and SLAs • Use metrics to drive accountability and continuous improvement • Lead organizational change initiatives and adoption of new processes and technologies • Support regulatory examinations and respond to examiner inquiries • Perform other duties as assigned

🎯 Requirements

• Bachelor's degree in Finance, Accounting, Business Administration, or related field • 10+ years of banking, commercial finance, asset-based lending, or related financial services experience • 5+ years of people leadership experience • Experience managing operational risk, controls, and regulatory compliance programs • Experience leading cross-functional projects and operational change initiatives • Demonstrated success managing large-scale operational processes and teams • Expertise in asset-based lending • Experience with collateral monitoring platforms • M&A integration experience • Lean/Six Sigma certification • Advanced data analytics or reporting experience • Experience leading geographically dispersed teams • Exposure to regulatory examinations and audit management • Knowledge of commercial lending structures, collateral monitoring, and portfolio performance • Ability to leverage operational metrics for decision-making

🏖️ Benefits

• Incentive compensation plan eligibility based on company, line of business and/or individual performance • Comprehensive benefits programs supporting physical, financial, emotional and social well-being • Benefits for employees and their families