at Old National Bank in ChicagoChicago, Illinois, United States
Job Description
Community Development Relationship Manager
Job Locations
US-IL-Chicago
Category/Function
Lending/Commercial/Consumer/Credit
Position Type
Regular Full-Time
Requisition ID
2023-13357
Workplace Type
On Site
Overview
Old National Bank has been serving clients and communities since 1834. With $48 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
Our team members are our greatest asset, and we continually invest in their growth and development. We offer a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.
We are currently seeking to fill the role of Community Development Relationship Manager reporting directly to the Capital Markets Executive. The Community Development Relationship Manager will achieve ONB's increased participation in complex, sustainable, significant community development projects benefiting low-income communities within the ONB footprint.
Key Accountabilities
Achieve Production Targets
Implement specific strategies for lending and investment to low- or moderate-income (LMI) communities through direct lending, or supporting key relationship managers lending, within ONB underwriting requirements.
Act as lead banking agent to coordinate multiple creditors, grant providers and equity into a unified provision of lending and investing for qualifying projects, coordinating with the Tax Credit Group. Qualifying projects will provide critical infrastructure to ONB served communities which are primarily serving LMI areas, targeted redevelopment areas or supply critical community needs.
Partner with ONB's Outreach team to identify, develop, and maintain relationships with community partners to serve community investment and lending needs.
Have a deep understanding of Federal, State, and local incentives across the ONB footprint.
Interact with municipalities, developers, non-profits to assess projects and their community support, determine proper financial resources and align interests to maximize stable, sustaining community assets.
Develop deep relationships with State economic development agencies, understand the State economic development objectives and strategically align ONB relationship managers to facilitate projects which support such objectives, through education, structuring and guidance to qualified legal counsel.
Develop lending and investing strategies and relationships with CDFI's, CDCs, SBICs.
Willingness to travel across ONB footprint for site visits, business development and building relationships
Communication and Departmental Development
Partner with ONB's Treasury group to facilitate and manage investments in LMI-based mortgage-backed securities, municipal bonds with a primary purpose of benefiting LMI individuals, and relevant manage fund investments benefiting ONB's CRA Community Development Investments.
Work with an interdisciplinary group, achieve targeted outcomes of lending and investing supporting ONB CRA Community Development efforts.
Serve as a resource to Commercial Credit and to RM's to secure affordable housing projects, assisting in examining complex lending structures, underwriting to project cashflow, and supporting financing gaps with alternative resources.
Identify, train and equip key relationship managers within the ONB footprint to provide close and monitor construction and tax credit equity bridge loans to Tax Credit projects, optimizing alignment with ONB lending and investment credit objectives.
Key Competencies for Position
Client Leadership
Client Leadership - Uses one's unique expertise/specialization to bring value to each client interaction and to deliver a compelling client experience; follows through on client commitments despite time pressures or obstacles; actively prospects, cultivates and sustains productive community relationships. Knowledge of various tax credit investment types and the associated risks and structures of each in order to provide maximum benefit to both the client and ONB.
Execution Leadership
Drive and Execution - Sets high personal standards of performance; proactively learns new skills and develops self for current performance and future opportunity; systematically monitors and reviews progress against performance; collaborates with others to improve performance/achieve goals.
Culture Leadership
Values - Actions reflect an understanding of and connection with the communities served.
Collaboration - Receives and acts on feedback from peers, other departments, LOB partners, and others in order... For full info follow application link.
EOE/Minorities/Females/Vet/Disability
