Director​/Managing Director, Fund Banking; Fund Finance

Position: Director/Managing Director, Fund Banking (Fund Finance)
Location: New York

Why Stifel

Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole.

Let’s talk about how you can find your place here at Stifel,where success meets success.

What You'll Be Doing

Stifel Fund Banking is the business banking platform within Stifel Bank focused on capital call (subscription) credit facilities, deposit accounts, and other commercial banking services for private investment funds across all asset classes but with a specific lean towards venture capital and growth equity funds. The Fund Banking group consists of 10+ people and manages a portfolio of $8B+ in credit commitments spanning across 200+ investment firm client relationships.

The Fund Banking group works closely with other investor-facing business units within Stifel, particularly Stifel Venture Banking with works directly with portfolio companies of venture capital funds.

This Director/Managing Director position will be the lead business development position for New York City and surrounding northeast geographies. In this role, you will be focused on building new Fund Banking / Fund Finance business with venture capital and private equity firms and being the senior relationship manager to those firms.

What We're Looking For

• Originate, develop, and maintain Fund Banking / Fund Finance business independently, primarily out of New York City.
• Develop and maintain a network of venture capital and private equity firms. A high level of business development activity and relationship building will be expected. Strong presence in New York City is required.
• Negotiate and structure Fund Banking / Fund Finance credit facilities from the ground up. Most facilities will be bilateral capital call (subscription) credit facilities with credit situational facilities to management companies and general partners.
• Partner and cross-sell with peer departments at Stifel (Venture Banking, Investment Banking, Commercial Lending, Fixed Income, and Private Client) to identify and generate opportunities.
• Assist in the management and coaching of new Fund Banking team members.
• Partner with Stifel portfolio managers, analysts and risk management to proactively manage and maintain desired credit quality. Strong underwriting and deal structuring skills are critical.
• Maintain in-depth knowledge of the venture capital and fund finance ecosystems along with Stifel’s broad offering of products

What You'll Bring

• Direct experience in a business development role engaging with venture capital and private equity funds, with a preference towards a venture capital funds specifically
• Knowledge of structuring and managing Fund Finance credit facilities
• Knowledge of treasury management and depository needs of venture capital/private equity firms and their fund administrators
• Exposure and pre-existing relationships within the venture capital and private equity ecosystem
• Effective communication skills to properly interact with prospective clients, including senior partners at venture capital/private equity firms
• Experience managing effective teams. Strong team leadership skills with experience recruiting, coaching and developing talent pipeline
• Outgoing and confident personality with the ability to attend many in-person industry events within the venture capital/private equity ecosystem ecosystem

Education & Experience

• Minimum
  
  Required:
  
  Bachelor's degree in Finance or related field
• Minimum
  
  Required:
  
  10+ years of relevant experience required, 13+ years' relevant experience preferred.

Systems & Technology

• Proficient in Microsoft Excel, Word, PowerPoint, Outlook

Compensation Range Salary: USD $/Yr.

- USD $/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…