What You'll Be Doing
The Venture Special Assets Officer works within Credit Risk Management under the direction of the Chief Credit Officer and is responsible for the evaluation, management, and resolution of distressed and underperforming venture lending relationships. The role focuses on workout, restructuring, and recovery strategies for venture-backed and sponsor-supported credits to mitigate risk and maximize recovery for the bank. The position manages a portfolio of complex venture loan relationships and is responsible for ongoing monitoring, documentation, and reporting to senior management, the Board of Directors, auditors, and bank regulators.
What We're Looking For
- Lead and manage a team of workout specialists responsible for overseeing the Bank's problem loan portfolio, providing strategic direction, monitoring asset performance, and ensuring effective resolution, restructuring, and recovery of distressed credit relationships.
- Oversee watch list, criticized, and classified venture lending relationships.
- Evaluate, manage, and resolve a portfolio of distressed or underperforming venture-backed and sponsor-supported credits.
- Develop and implement workout, restructuring, amendment, and resolution strategies.
- Analyze borrower performance, enterprise value, collateral, liquidity, and exit options.
- Collaborate with relationship managers, Credit Risk, Legal, and external advisors to structure and execute corrective action plans.
- Negotiate restructuring terms, forbearance agreements, and other resolution-related documentation.
- Work with consultants and advisors to monitor problem credits and borrower performance.
- Ensure compliance with loan policy, regulatory requirements, and applicable laws, including bankruptcy and insolvency considerations.
- Document, track, and monitor action plans, financial performance, and outcomes for assigned relationships.
- Assist with communications and reporting to executive management, the Board of Directors, auditors, and bank regulators regarding venture special assets exposure.
What You'll Bring
- Extensive experience managing distressed and underperforming venture-backed and sponsor-supported credit relationships.
- Strong working knowledge of venture debt products, growth-stage lending, and complex capital structures.
- Strong working knowledge of U.S. bankruptcy, restructuring, and insolvency laws.
- Advanced analytical, negotiation, and problem-solving skills.
- Demonstrated ability to operate independently with sound judgment and discretion.
- Strong verbal and written communication skills, including executive-level reporting.
- Ability to manage multiple complex relationships in various stages of workout and recovery simultaneously.
- Strong organizational skills with the ability to meet strict deadlines and reporting requirements.
Education & Experience
- Minimum Required: Bachelor’s degree in Business, Finance, Accounting, or a related field, or equivalent combination of education and relevant professional experience.
- Minimum Required: 10+ years of experience in banking, including a minimum of 5+ years in special assets, credit risk management, or as a credit officer.
- Preferred: Experience in Venture banking/Venture special assets. Experience supporting venture banking clients and/or managing venture-related special assets.
Licenses & Credentials
Systems & Technology
- Proficient in Microsoft Word, Excel, PowerPoint, and Outlook.
Compensation RangeSalary: USD $225,000.00/Yr. - USD $30,000.00/Yr. Actual salaries may vary, and may be based on several factors, including but not limited to each candidate’s qualifications, skills, and overall competencies for the position. The base salary is one component of Stifel’s overall compensation package for each individual employee. Other benefits and offerings include, but not limited to, discretionary bonuses, health / dental / vision / prescription insurance offerings, Stifel Total Health Connect, flexible spending accounts, tuition & certification assistance programs, paid time off, and much, much more! To view a more comprehensive list of Stifel’s current offerings, please visit https://www.stifel.com/careers/benefits. Applications are accepted until the position is filled.
