Capital Markets Portfolio Banker

Old National Bank has been serving clients and communities since 1834. With over $70 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.

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers 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 offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Capital Markets Portfolio Banker plays a critical role in managing a select portfolio of Mid-Corporate and Capital Markets clients. This individual will lead strategic initiatives to grow the business, ensure sound credit practices, and maintain strong relationships with internal and external stakeholders. The role requires deep financial acumen, strong leadership, and the ability to navigate complex transactions with precision and insight.

Salary Range

The salary range for this position is $77,900 - $153,000. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate's relevant skills and professional experience, educational qualifications, and geographic location.

Key Accountabilities

Portfolio Management & Client Engagement

Lead the management of a portfolio of Mid-Corp/Capital Markets clients through proactive financial and operational monitoring.
• Maintain frequent engagement with company management, agent banks, financial sponsors, and third-party advisors.
• Provide regular financial and strategic updates, both written and verbal, to internal stakeholders.
• Monitor borrower financial reporting, track key performance indicators, and assess operational trends.
• Anticipate portfolio risks and proactively develop mitigation strategies.

Strategic Growth & Business Development

• Design and implement strategies to grow loans, deposits, and ancillary products across the Capital Markets platform.
• Collaborate cross-functionally to identify and pursue new business opportunities.
• Cultivate strong client relationships to drive retention and deepen engagement.

Credit & Underwriting Support

• Partner with the Credit team to ensure timely completion of credit presentations, annual reviews, and modifications.
• Lead due diligence efforts, drawing conclusions on material strengths, risks, and mitigants.
• Assist junior team members with financial statement and cash flow analysis; review financial models for accuracy and insight.
• Prepare term sheets, commitment letters, and fee letters with minimal guidance.
• Understand and begin negotiating credit documentation with support.

Transaction Execution & Legal Coordination

• Coordinate with deal teams to structure transactions appropriately.
• Participate in the review and negotiation of legal terms and documentation for transactions, amendments, and waivers.
• Manage external counsel and consultants to ensure smooth execution and compliance.
• Oversee closing processes and review closing memos for completeness and accuracy.

Leadership & Team Collaboration

• Drive the overall deal process and lead communication across internal and external stakeholders.
• Constructively improve deal processes and contribute to operational efficiency.
• Mentor less experienced team members and support their development.

Key Competencies for Position

Compelling Communication - Openly and effectively communicates with others.

• Effectively and transparently shares information and ideas with others.
• Tailors the delivery of communication in a way that engages the audience and that is easy to understand and retain.
• Unites others towards common goal.
• Asks for others' opinions and ideas and listens actively to gain their support when clarifying expectations, agreeing on a solution and checking for satisfaction.

Promotes Change - Seeks to understand and embrace change.

• Actively seeks, information to understand the rationale, implications and impact for changes.
• Remains agile by quickly modifying daily behavior, leveraging resources, and trying new approaches to effectively embrace change.
• Willing to act quickly, learn and adjust as needed.
• Identifies and recommends changes to leadership to improve performance.

Delights Clients - Continuously seeks and applies knowledge leading to a best-in-class client experience.

• Passionately serves internal/external clients with excellence.
• Maintains a growth mindset staying current with developments and trends in areas of expertise influencing client satisfaction both internally and externally.
• Understands data, metrics and/or financial information, and how they tie to client satisfaction and business outcomes related to position, client and/or team.
• Nurtures client relationships by listening, prioritizing, and acting responsibly to meet client needs, mitigate risk and add shareholder value.

Qualifications and Education Requirements

• Bachelor's Degree in Finance, Accounting, or a related field and/or H.S. Diploma/GED with equivalent experience.
• Minimum 5 years of experience in Credit underwriting, sales, portfolio management, or capital markets; preferred 7+ years of experience in Credit underwriting or portfolio management
• Demonstrated leadership experience within deal teams or mentoring analysts.
• Strong understanding of leveraged finance, sponsor-backed transactions, and middle market dynamics.

Key Measures of Success/Key Deliverables:

• Effective management and monitoring of client portfolios.
• Successful execution of strategic growth initiatives.
• Timely and accurate completion of credit and underwriting documentation.
• Positive feedback from internal and external stakeholders.
• Contribution to team development and mentoring.

Level of role may vary between Portfolio Banker, Portfolio Banker II, and Portfolio Banker Senior:

• II will have previously been a successful Portfolio Banker (or held a similar role) at the bank or at another financial institution
• II will have prior demonstrated experience communicating directly with the bank's credit group, including preparing pre-flights and presenting pre-flights to the bank's credit leadership for discussion and approval
• II will have prior proficiency directly communicating with customers and prospects to win the business and has familiarity and a proven track record of working alongside the Mid-Corporate and/or Capital Markets Banking (or other Commercial segment) team
• Senior will likely maintain a larger number of relationships and also require less oversight from the Relationship Managers, Bankers, Banking Director(s).
• Senior level will assist in the training of new team members which may include Relationship Managers, Bankers, Banking Directors, administrative support, Credit partners, and interns.
• Greater emphasis and need is expected of a Senior/More Experienced Portfolio Bankers regarding making decisions/solving (complex or unique) problems
• Senior Level requires a minimum of 7-10 years of Mid-Corporate Banking/Capital Markets/Commercial experience

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values.

We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical. We are Old National Bank.

Join our team!