Analyst, Counterparty Credit Risk

Wintrust Financial Corporation•Rosemont, IL

2d•$59,000 - $77,000•Onsite

About The Position

The Counterparty Credit Risk Analyst will assist the VP and Department SVP in executing the independent second line of defense function. The fundamental goal of Counterparty Credit Risk Oversight is to ensure Wintrust’s credit assessment practices for non-lending counterparties (e.g., our Treasury, Corporate, Insurance, Sovereign, and Mortgage counterparties, as well as Third-Party Vendors) are appropriate for the size and scope of the organization and in line with supervisory guidance.

Requirements

0-2 years of credit related experience.
Bachelor’s degree required.
Ability to analyze financial statements and write up credit reviews that clearly identify credit risks and mitigants, and to assess trends in a firm’s capital adequacy, profitability, asset quality, and liquidity/funding management for a wide variety of counterparty types.
MS Office, including strong Excel skills with working knowledge of VLOOKUP, pivot tables, charts, and reporting is required.

Nice To Haves

Completion of a formal credit training program preferred.
Knowledge and experience with counterparty credit risk management practices is desirable, including knowledge of the banking industry and regulatory guidelines as they relate to safety and soundness and counterparty credit risk management practices including SR 11-10 (Interagency Supervisory Guidance on Counterparty Credit Risk Management).
Use of Moody’s and S&P market-implied credit rating tools and general knowledge and familiarity working with the Bloomberg Terminal is preferred.

Responsibilities

Assist in the regular credit review cycle to ensure the financial condition of our material non-lending counterparties is analyzed and rated at least annually and monitored throughout the year.
Conduct credit reviews of our non-lending counterparties, analyzing financial statements to identify credit risks and mitigants, and assessing trends in financial institutions’ capital adequacy, profitability, asset quality, and liquidity/funding management.
Assist the VP/SVP in ensuring Wintrust’s credit assessment practices and policies for non-lending counterparties are appropriate for the size and scope of the organization and in line with supervisory guidance.
Assist in the annual review of our counterparty credit risk policy and procedures.
Assist in the maintenance of the department’s credit risk management system, Moody’s Credit Catalyst, monitor exposure relative to limits, and ensure non-lending counterparty credit exposure is captured in the system.
Prepare, analyze, and develop various data and metric reports for counterparty credit risk management using Excel and PowerPoint.
Assist in the monitoring and reporting of appropriate counterparty credit risk appetite metrics and KRIs.
Remain up to date on regulatory guidance and practices related to counterparty credit risk management and keep abreast of current trends/industry events in the counterparty space.
Complete OFAC or other background checks on financial counterparties as required.