Securities-Based Lending Product Manager

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Full Time 1.2 Frst/Mid Lvl Mgr Lakewood, CA, US

6 days ago Requisition

Salary Range: $ To $ Annually

The Securities-Based Lending (SBL) Product Manager is responsible for leading the design, development, implementation, and ongoing management of the Bank’s Securities-Based Lending program, with a primary focus on demand Securities-Based Lines of Credit (SBLOCs). Reporting within Credit Administration, this role serves as the product owner for the end-to-end SBL framework, overseeing product strategy, policy development, risk governance, operational processes, technology enablement, and portfolio monitoring.

The position requires strong credit and risk management expertise to ensure the program is scalable, compliant, operationally efficient, and aligned with the Bank’s strategic objectives while maintaining a disciplined approach to risk management and regulatory compliance.

Program Development & Implementation

• Lead the design, development, and implementation of the Bank’s Securities-Based Lending (SBL) platform, including product structure, documentation standards, and operational workflows.
• Develop and maintain all SBL-related policies, procedures, and controls in partnership with Credit Risk and other stakeholders.
• Coordinate cross-functional efforts across Credit, Operations, Compliance, Legal, Technology, and frontline business teams to ensure organizational readiness.

• Establish and maintain product parameters for demand Securities-Based Lines of Credit (SBLOCs), including advance rates, maintenance requirements, collateral eligibility criteria, and concentration haircuts.
• Partner with Credit Administration and Credit Risk to develop underwriting standards, approval authorities, and exception management processes.
• Ensure product governance, risk controls, and operating practices align with regulatory requirements, industry standards, and the Bank’s risk appetite framework.
• Recommend enhancements to product features, controls, and processes as the program evolves.
• Lead implementation, configuration, and ongoing optimization of the SBL technology platform in collaboration with the Bank’s technology partner and internal stakeholders.
• Coordinate integration of the SBL platform with internal systems, including loan servicing, collateral management, reporting, and customer relationship platforms.
• Define business requirements for data capture, reporting, monitoring, and workflow automation.
• Serve as the primary business owner and relationship manager for third-party technology vendors, overseeing performance, service levels, and strategic alignment.
• Design and implement a comprehensive portfolio monitoring and collateral management framework for the SBL program.
• Establish margin monitoring processes, stress-testing methodologies, concentration reporting, and risk escalation procedures.
• Develop management reporting and dashboards to support portfolio oversight, risk governance, and executive decision-making.
• Partner with Credit Administration, Credit Risk, and senior leadership to ensure ongoing portfolio quality and adherence to program guidelines.

• Collaborate closely with the Bank’s brokerage partner to facilitate loan origination, onboarding, collateral transfers, and ongoing servicing activities.
• Develop scalable operational workflows to support externally sourced loan volume while maintaining high-quality client experience.
• Establish and maintain service-level expectations, communication protocols, and operational controls across the partnership.
• Monitor channel performance and identify opportunities to enhance efficiency, risk management, and growth.

• Define, monitor, and report on key performance indicators (KPIs) for the SBL program, including portfolio growth, utilization, credit quality, operational efficiency, and profitability.
• Prepare and deliver regular reporting to executive…