Alliant Credit Union
We set the standard for simple and rewarding digital banking.
Chicago, IL
Hybrid

VP, Partnership Development

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Start a Rewarding Career with Alliant

What makes this role rewarding?

Sourcing, developing and incubating fintech partnerships across diverse loan categories is critical to Alliant. These activities create origination channel flexibility, contribute to the achievement of revenue and profitability goals, and provide assets for Alliant's balance sheet and distribution activities. The Vice President, Partnership Development works in consultation with the Vice President, Chief Capital Markets Officer to design strategy, formulate criteria, investigate alternatives and pursue targeted opportunities. Furthermore, the Vice President, Partnership Development works across departments to rapidly onboard and automate select fintech partnerships. This individual will have experience and understanding of consumer lending from a P&L, pricing, and profitability standpoint.

The identification and vetting of fintech partners incorporating peer group benchmarking, market analysis and return modeling is a central responsibility of the position. The ability to source appropriate partners, and build agile processes to onboard partners is of critical importance. This individual is responsible for overseeing departmental personnel and the coordination of a cross-functional team comprised of Credit Risk, Legal, Compliance, Technology and other Alliant specialists in the pursuit of productive fintech partnerships and the obtainment of volume and profitability goals.

The Vice President, Partnership Development will additionally be expected to play a leading role in navigating diverse stakeholders by regularly seeking input from Finance, Lending (Consumer, Residential and Commercial) and other internal constituencies to ensure the advancement of the organization's overarching capital markets objectives and the resolution of divergent opinions.

The incumbent is responsible for improving the functionality of the department by designing processes that foster efficiency and produce actionable insights aimed at streamlining operations, managing risk and automating repetitive tasks.

General direction is received from the Vice President, Chief Capital Markets Officer. This position requires approximately 35% travel (out of state).

Responsibilities

Do you see yourself doing this?

Fintech Partnership Development and Execution

  • Formulate strategic partnership objectives
  • Responsible for managing the overall planning, execution, monitoring and simultaneous delivery of multiple highly visible, strategic partnerships
  • Establish rapport to improve speed, flexibility, and performance of key fintech relationships
  • Articulate persuasive arguments to secure Alliant committee approval of proposed fintech partnerships
  • Troubleshoot obstacles in the onboarding of new fintech relationships and associated process automation
  • Develop and maintain strong internal working relationships with operational team members across various disciplines including Legal, Credit Risk, technology, compliance, servicing, and accounting/finance roles

Credit, counterparty, and portfolio monitoring, administration, and documentation

  • Identify possible threats to strong partnership relations and proactively mitigate those threats
  • Evaluate policies, standards, and procedures to ensure efficient and effective governance and operational controls

Strategic Initiatives and Development

  • Regularly contribute to division-level projects and initiatives via strategic thought leadership in the landscape of lensing (consumer and commercial) and emerging trends, expert opinion, and creative solution design
  • Establish expertise by providing accurate and timely capital market intelligence and analysis to Lending's lines of business
  • Translate strategic and operating plans into meaningful direction of projects, goals, priorities and activities; delivering on strategy through quality execution and best practice adaptation
  • Help propagate messaging across the organization that fosters a broader knowledge of the Capital Markets department, promotes collaboration and influences constructive and positive change

Leadership and Performance Management

  • Deliver superior results through quality execution and best practice adaptation
  • Demonstrate courage, ability and agility to understand and address organizational transition in real-time; establish expectations for the unexpected
  • Capture, analyze, and understand the internal environment, team dynamics, and talent capabilities to address organizational refinement, agility and growth
  • Champion Employee/Internal Customer Engagement, employee development and all cultural hallmarks through a strong leadership signature and a growing command of Alliant's leadership competencies
  • Apply High Performance Management practices in leading an engaged workforce in order to effectively leverage the full potential and talent of this function
  • Mentor and provide insights to Capital Markets teammates with the aim of helping to foster development, talent optimization and engagement
  • Provide a structured and consistent approach to ensure that individual development plans are in place, performance management is consistent, performance management process is respected and followed, and coaching and feedback are provided on a regular and dynamic basis.

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintain integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; comply with privacy act directives.

Qualifications

What makes you a great fit?

You'll be a great fit if in addition to Completion of a Master's degree in a business-related discipline and a minimum of 10 years' experience in capital markets, and you have:

  • Expert knowledge and understanding of most, but not all of the following asset classes: personal term loans, autos, RV, commercial loans and residential mortgages
  • Demonstrate high degree of professionalism in communication and collaboration with customers, peers and management
  • Demonstratable track record of sourcing, developing and implementing multiple fintech relationships with profitable production from such relationships exceeding $500M annually on a combined basis
  • Outstanding presentation, written and verbal communication skills
  • Strong analytical approach and problem-solving ability
  • Proficient in Excel and PowerPoint
  • Ability to travel out of state approximately 35% with limited notice

When you're happy, we're happy!

As a thank you for joining our team, you'll benefit from:

  • Casual dress code
  • Competitive medical, dental, and free vision benefits
  • On-site massages and contributions towards gym memberships
  • Generous PTO and banking holidays off

Still not convinced?

For more details, you can also visit our Glassdoor and LinkedIn profiles.

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What are Alliant Credit Union Perks + Benefits

Alliant Credit Union Benefits Overview

Alliant constantly works on improving its Employee Value Proposition. Our Human Capital Group team seeks ongoing employee feedback to continue to raise the bar on employee-focused benefits, making updates to the existing and adding new benefits every year.

Culture
Volunteer in local community
Alliant offers 8 hours of paid volunteer time benefit for all employees.
Partners with nonprofits
To execute on our mission of Bridging the Digital Divide, Alliant has partnered with PCs for People, Connected Nation, DiGiTunity and the National Digital Inclusion Alliance.
Open door policy
OKR operational model
Team based strategic planning
Flexible work schedule
Alliant provides employees with a flexible work schedule that includes Flexible start and end times.
Remote work program
Since the pandemic began, all non-essential job functions have been remote 100%.
Diversity
Documented equal pay policy
Dedicated diversity and inclusion staff
Highly diverse management team
Mandated unconscious bias training
Alliant provides our leaders and employees with unconscious bias, psychological safety and inclusive mindset training.
Diversity manifesto
Diversity employee resource groups
Alliant supports employee resource groups. At this time, employees created INCLUDE, a women's resource group and ALL, an LGBTQ+ employee resource group, and EMPOWER black employees' resource group.
Hiring practices that promote diversity
At Alliant, we ensure that we have a diverse candidate slate for every role for which we hire and that our interview panels are also diverse.
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Alliant employees can contribute up to $2,750 annually to their Health Care FSA and $5,000 to their dependent care FSA.
Disability insurance
Company provides Short Term Disability benefit payable for up to 13 weeks as well as Long Term Disability insurance that covers 66.67% of your monthly earnings up to $10,000 monthly maximum payout.
Dental insurance
Preventive services covered at 100%, Basic services covered at 80%; Major restorative services covered at 50%; Orthodontics covered at 50%
Vision insurance
Alliant offers free vision benefits to its employees and their dependents. The vision benefits plan covers 100% for annual eye exams after a $10 copay and $150 for glasses and contacts.
Health insurance
Alliant provides a choice of two medical plans. If you elect a medical plan, you are automatically enrolled in an HSA where Alliant contributes funds to help you pay for your out-of-pocket expenses.
Life insurance
Basic Life insurance and Accidental Death & Dismemberment is equal to 1 times an employee's annual salary. Employees can also purchase Voluntary Life insurance for themselves and their dependents.
Pet insurance
Our pet insurance policy covers up to %90 of out of pocket expenses.
Wellness programs
With Alliant's wellness reimbursement program, each employee receives up to $35 per month (non-cumulative) to spend on wellness activities and discounted wellness services through ThrivePass.
Mental health benefits
Alliant employees get free access to ComPsych, Calm and myStrength apps and services.
Financial & Retirement
401(K)
Alliant offers a 401(k) plan administered through Fidelity where employees can contribute up to 60% of eligible compensation to the annual IRS limit.
401(K) matching
We match 100% of contributions up to the first 5% of an employee's annual gross pay. eligible salary. You will be 100% vested in these contributions right away.
Performance bonus
In the last years, Alliant’s bonus payouts were above 100%.
Charitable contribution matching
The Alliant Credit Union Foundation also matches employee donations made to non-religious, non-political 501(c)(3) organizations up to a total of $1,000 per person per calendar year.
Child Care & Parental Leave Benefits
Generous parental leave
We provide up to 6 weeks of parental leave for the primary and secondary caretakers.
Family medical leave
Employees who have been with the company for 12 months are eligible for up to 26 weeks of family medical leave.
Vacation & Time Off Benefits
Unlimited vacation policy
Generous PTO
Our employees receive between 21 and 31 days per year of paid time off based on years of service. Alliant also offers a Flexible Time Off (unlimited time off) policy for Sr. Managers and above.
Paid volunteer time
Our employees receive 8 hours per year of paid volunteer time.
Paid holidays
Office Perks
Commuter benefits
Employees can withhold up to $280 per month pre-tax for transit expenses and up to $280 per month pre-tax for parking expenses.
Company-sponsored outings
Alliant hosts between 4 and 6 major employee events in a year, including the Annual Volleyball Tournament, annual summer party and employee appreciation day celebration.
Free snacks and drinks
Currently, Alliant offers free snacks, free hot beverages and bottled water during the day, free lunch/food events on occasion and bi-weekly free fruit.
Some meals provided
Fitness stipend
Alliant reimburses its employees up to $35 per month for gym, health and fitness services and activities.
Professional Development Benefits
Job training & conferences
Alliant offers employees professional development opportunities like Annual individual budget for training, onsite training courses and the ability to attend job-related conferences and seminars.
Tuition reimbursement
We offer up to $5,250 annually for continuing education through our tuition reimbursement benefit.
Lunch and learns
Alliant hosts lunch and learn and hour with the leader meetings once per quarter, giving our employees to hear from our executive and senior leadership teams.
Promote from within
Continuing education stipend
We offer up to $5,250 annually for continuing education through our tuition reimbursement benefit.
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

Alliant constantly works on improving its Employee Value Proposition. Currently, Alliant offers free snacks, free hot beverages and bottled water, free lunch/food events on occasion, personal concierge service, on-site package/mailing service, massage therapy, discounted ticket sales, car wash, dry cleaning, convenience store, vehicle maintenance, banking and a gym at our headquarters location.

Our company works hard to create a work environment that allows our employees to maintain a healthy work/life balance. We encourage our employees to take advantage of flexible hours and offer an option to work remotely. Alliant also offers a very generous PTO package, which starts new employees with 21 PTO days annualized in their first year of employment.

The well-being of our employees and their families translates to productivity and commitment to their jobs. That is why we constantly work on launching new benefits that will help them find the best medical care at the lowest cost and get the help they need with convenience and without unnecessary stress.

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