What advice would you offer to women
just starting out in the industry?
My advice for women starting out in
the industry is to take on as much as
possible. Offer to help out on different projects, whenever available. Read
and study your firm’s policies and
procedures manuals. Offer to stay
late; do whatever is necessary to meet
deadlines, even if that means copying,
collating or e-mailing (used to be faxing).
Try to listen as closely as possible to the
manner in which more seasoned colleagues handle different situations. This
will become useful in the future.
What do you know now that you wish you
knew in the beginning of your career?
I wish I knew how difficult it was to handle a full time career and a family when
I started. It is not for the faint of heart.
Juggling work schedules and a family
life is challenging but I’m here to tell you
that it can be done as millions of women
before us have done it successfully. We
What do you think the industry could
do to attract and retain the best and
the brightest today?
I think we have come a long way to
attract women in particular. Flexible
schedules are not always possible in
lending as there are deadlines to meet
but, whenever possible, that is always
helpful to fulfill a work-life balance. I
think encouraging young and promising
employees to learn the fundamentals
of what we do, whether it be through
internal training or through CFA Educational training sessions, we should
encourage more young professionals
to become involved. I would like to see
even more women on the credit and
operations side of the business, not just
in new business development roles. I
currently am an EVP, chief credit officer,
and shareholder of a small independent
entrepreneurial finance company. I sit
on the Management Credit Committee
and attend Board of Director meetings
where I am still the only female (and a
minority). I have seen the landscape
change in my 27 years of lending, but
I’d like to see that statistic change even
more and balance out during the next
are all human and make mistakes. In the
scheme of things, if you miss one of your
children’s events it is not the end of the
world even if they make you feel that
way. In the long run it is your consistent
behavior and attention to what is important that matters. That goes for your
career as well.
What kind of role has mentoring and/or
sponsorship played in your career?
Mentoring and/or sponsoring is extremely important. I have said this before.
I was very fortunate to have had Ted Kom-pa and Jeff Goldrich as my mentors. They
were not only mentors to me but to many
of us. They were patient and provided
me with challenging situations to figure
out, all the while being there behind the
scenes. It is because of their involvement
in the CFA that I devote my time to the
CFA. Ted pushed me to attend the pilot
CFA Leadership Program. It was very
beneficial. Jeff encouraged me to become
involved in my local CFA Chapter. I served
on the New Jersey CFA Chapter board
and eventually became President of the
Chapter. I am now the Co-Chair of the CFA
Chapter Committee. Through all of these
interactions it enabled me to meet other
future industry leaders.
Chief Credit Officer
North Mill Capital
etty has over 25 years of banking experience. She began her career at
First Fidelity Bank, NA (now Wells Fargo Bank) in a Credit Training Program.
After two years in the Credit Department she was placed in the asset-based lending area of the Bank where she began her lending career.
She has worked as a portfolio manager, underwriter in asset-based lending
as well as a team leader in a Workout Department at various banks.
She is currently chief credit officer at North Mill Capital. She is a member of North
Mill’s Management Credit Committee and is responsible for monitoring the credit
quality and performance of the company’s asset-based lending and invoice-based
financing (factoring) portfolio. Betty possesses a Bachelors of Arts degree in economics from Rutgers University. She also has a Master in business administration from
the Rutgers School of Business specializing in finance. She is a past President of the
NJ Chapter of the Commercial Finance Association and an active member of the
Chapter. She is also an active member of CFA’s Women in Commercial Finance
Committee, the Education Committee and is serving as Vice Chair of the Commercial Finance Chapters Committee.