What are the responsibilities and job description for the MD - Syndications position at City National Bank?
Overview:
WHAT IS THE OPPORTUNITY?
WHAT WILL YOU DO?
WHAT DO YOU NEED TO SUCCEED?
MD - SYNDICATIONS
WHAT IS THE OPPORTUNITY?
The Syndications group at City National Bank resides within the Capital Markets division and focuses on lead-agented, active book runner roles. The Managing Director role is responsible for leading the origination, structuring, execution, and distribution of syndicated loan transactions across middle market and corporate banking clients. The Managing Director partners closely with relationship managers, credit, and product specialists to deliver comprehensive financing solutions while expanding the bank's syndicated lending platform.This individual serves as a senior advisor to clients and internal stakeholders, providing leadership on transaction strategy, capital structure, pricing, lender marketing, and market intelligence. The Managing Director is expected to cultivate lender relationships, drive new business generation, mentor junior colleagues, and contribute to the strategic growth of the Capital Markets division. This role requires deep expertise in credit markets, relationship management, and deal execution, with a focus on driving revenue growth and client satisfaction.
WHAT WILL YOU DO?
- Lead the structuring, underwriting, pricing, and execution of syndicated credit facilities, term loans, acquisition financings, recapitalizations, refinancings, and sponsor-backed transactions
- Partner with Relationship Managers to identify and originate syndicated transactions.
- Help determine optimal capital structure for client and jointly pitch proper debt solutions and identify other ancillary banking and capital markets opportunities.
- Coverage may include sponsor cash flow, asset-based lending, construction, subscription, NAV and GP lines across the fund finance, middle market C&I, franchise finance, sponsor, food & beverage, entertainment, and real estate verticals. Expertise in two or more of these areas is strongly preferred.
- Stay apprised of market trends and advise internal stakeholders on market conditions affecting pricing, execution, and lender demand.
- Conduct specific market soundings for prospect transactions prior to launch to assess lender appetite.
- Prepare and present syndications materials such as confidential offering memorandums, term sheets, lender presentations, financial models, and other marketing materials on behalf of clients.
- Work with clients to select lenders for the bank group and determine commitment allocations.
- Negotiate and review legal documentation such as credit agreements and other ancillary documents with clients.
- Oversee transaction staffing and workflow management.
- Act as primary liaison between client and potential lenders during the syndication process and post-closing in an Agency capacity.
- Assist Relationship Managers in the preparation and presentation of internal concept memos credit memorandums for syndicated transactions
- Maintain deep relationships with commercial banks, institutional lenders, private credit funds, insurance companies, and other capital providers.
- Work with Relationship Managers and Underwriters to continue ongoing portfolio management of Agented transactions, including maintaining ongoing Administrative Agency functions.
- Lead and mentor junior syndications colleagues.
- Other responsibilities as required by Group Head or by Head of Capital Markets.
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*
WHAT'S IN IT FOR YOU?
Benefits and Perks
ABOUT US
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
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- Bachelor's Degree or equivalent
- Minimum 10 years banking experience
- Minimum 8 years’ experience on sell-side in capital markets
- Credit Training
Additional Qualifications
- MBA preferred
- Prior commercial or investment banking experience preferred
- Must possess excellent verbal, written, and presentation skills
- Competent with technology
- Proficient in Microsoft Office
- Ability to work both independently and as part of a deal team
- High degree of maturity and integrity with a positive and hardworking attitude
- Attention to detail
WHAT'S IN IT FOR YOU?
Compensation
Starting base salary: $300,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our Benefits and Perks.
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
- Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
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Salary : $300,000