Director, ABL Operations

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Develop and implement the operational strategy for ABL servicing and collateral management.

• Align operational capabilities with the objectives of business growth.

• Lead efforts for operational integration related to acquisitions, portfolio purchases, and mergers.

• Ensure compliance with regulatory requirements, internal policies, and operational risk standards.

• Oversee issue management, audit remediation, business continuity planning, and effectiveness of controls.

• Maintain governance over access management and operational approvals.

• Direct activities related to ABL servicing, collateral monitoring, and structural services.

• Oversee the administration and maintenance of collateral monitoring systems, deal onboarding, facility implementation, balancing functions, system setup, and portfolio boarding.

• Establish scalable operating procedures and performance benchmarks.

• Drive initiatives for continuous process improvement and operational efficiency.

• Own the strategy and roadmap for operational systems.

• Lead system implementations, upgrades, and conversions.

• Manage relationships with third-party vendors and service providers.

• Act as a 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.

• Conduct analysis for gearing and other inputs for the Head of ABL to facilitate financial analysis and budgeting.

• Identify opportunities for cost savings and operational efficiencies.

• Establish and monitor KPIs and SLAs.

• Utilize metrics to drive accountability and foster continuous improvement.

• Lead organizational change initiatives and the adoption of new processes and technologies.

• Support regulatory examinations and respond to inquiries from examiners.

• Perform additional duties as assigned.

⛳️ Requirements

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field.

• Over 10 years of experience in banking, commercial finance, asset-based lending, or a related financial services sector.

• More than 5 years of leadership experience in managing teams.

• Experience in managing operational risk, controls, and programs for regulatory compliance.

• Proven experience leading cross-functional projects and operational change initiatives.

• Demonstrated success in managing large-scale operational processes and teams.

• Expertise in asset-based lending.

• Familiarity with collateral monitoring platforms.

• Experience in M&A integration.

• Certification in Lean/Six Sigma.

• Advanced skills in data analytics or reporting.

• Experience in leading teams across multiple geographic locations.

• Exposure to regulatory examinations and audit management.

• Knowledge of commercial lending structures, collateral monitoring, and portfolio performance.

• Ability to leverage operational metrics for informed decision-making.

🏝️ Benefits

• Eligibility for an incentive compensation plan based on company, line of business, and/or individual performance.

• Comprehensive benefits programs that support physical, financial, emotional, and social well-being.

• Benefits extended to employees and their families.