Eastern Bank · 6 hours ago
Commercial Team Leader II
Boston, MA
Full-time
Hybrid
Senior Level, Lead/Staff
15+ years expEastern Bank is seeking a senior-level investment and banking professional to lead their Institutional Loans division. The role involves building and managing a portfolio of leveraged credit assets, with a focus on P&L management and risk-adjusted return generation.
BankingFinanceFinancial Services
Responsibilities
Build, manage, and scale a portfolio of liquid leveraged loans with direct accountability for P&L performance, including carry, mark-to-market outcomes, and realized gains/losses
Apply relative value analysis across issuers, sectors, and public ratings to optimize risk-adjusted returns
Collaborate with the Bank’s Credit colleagues to design, document, and maintain a comprehensive Portfolio Construction Plan, including risk limits, sector and issuer concentrations, ratings mix, liquidity thresholds and credit process
Actively manage portfolio positioning to optimize risk-adjusted returns, ROE, and capital usage within approved limits and governance frameworks
Oversee day-to-day portfolio management, including trade execution, deal evaluation, risk monitoring, valuation oversight, and performance attribution
Lead, mentor, and develop a team of research professionals, instilling disciplined underwriting, relative value thinking, and accountability
Partner closely with Credit, Finance, Middle & Backoffice and Accounting to ensure alignment on underwriting standards, valuation, accounting treatment, capital treatment, and regulatory requirements
Present portfolio performance, risk metrics, relative value positioning, and P&L drivers to senior management and relevant governance committees
Build and maintain strong relationships with Street counterparties, arrangers, sponsors and buy side participants
Monitor issuer fundamentals, market technicals, and macroeconomic conditions to proactively manage downside risk
Qualification
Required
15+ years of experience managing leveraged loan portfolios with demonstrated P&L responsibility, ideally within a bank
Strong background in relative value investing across capital structures and public vs. private credit markets
Experience underwriting and managing credit investments, with a clear understanding of fundamentals, tranche liquidity and valuations
Deep knowledge of leveraged credit documentation, capital structures, and downside risk management
Proven ability to design and manage portfolios with defined return targets, risk budgets, and capital constraints
Experience operating within a regulated banking environment and effectively collaborating with internal control functions
Prior experience leading and developing teams
Strong communication skills with the ability to clearly articulate strategy, risks, relative value views, and P&L outcomes to senior stakeholders
A disciplined, process-driven investor with a strong ownership mentality and judgment
Preferred
CFA Charter holder and MBA in Finance preferred
Benefits
Medical
Dental
Vision
Life and disability insurance
Retirement
Vacation
Tuition reimbursement
Company
Eastern Bank
Eastern Bank is the largest independent, mutually owned bank in New England and the largest community bank in Massachusetts.
1001-5000 employees
H1B Sponsorship
Eastern Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (2)
2021 (1)
2020 (1)
Funding
Current Stage
Late StageTotal Funding
unknown2023-09-19Acquired
Leadership Team
David Rosato
Chief Financial Officer
Quincy Miller
President/COO/Vice Chair
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