AVP, Counterparty Credit Risk

Wintrust Financial Corporation•Rosemont, IL

3d•$98,000 - $132,000•Hybrid

About The Position

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.” Why join us? An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 12 years) and Employee Recommended award by the Globe & Mail (past 6 years). Competitive pay and discretionary or incentive bonus eligible. Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few. Promote from within culture. Why join this team? Hybrid Work Schedule – Split your time working remotely and at our Corporate Headquarters in Rosemont, IL. We foster an inclusive environment for an individual to grow and work independently. Opportunity to interact with management level, experienced professionals - higher visibility. Wintrust has a great culture that comes from the top down. Gain experience and further your career by joining a growing organization. Position Overview The Assistant Vice President (AVP), Counterparty Credit Risk Oversight reports directly to the SVP of Wintrust’s Counterparty Credit Risk department and will assist the SVP in executing the independent 2nd 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, insurance, sovereign and mortgage counterparties and our critical third-party vendors) are appropriate for the size and scope of the organization and in line with supervisory guidance.

Requirements

Bachelor's degree required, MBA a plus.
5+ years working within a 1st line commercial credit analysis team or performing 2nd line counterparty credit risk oversight activities in an Enterprise Risk Management function at a financial institution with experience in financial statement analysis with exposure to Capital Market, a plus.
Knowledge and experience with counterparty credit risk management practices is required, 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).
Excellent verbal and written communication including advanced Excel skills a must.
Proven track record of establishing a proactive, constructive dialogue and partnering with professionals internally and externally.

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. This task involves conducting credit reviews of our non-lending counterparties. A key component of these reviews is the analysis of financial statements to identify credit risks and mitigants, and to assess 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.
Ensure proper governance and control over non-lending counterparty credit risk in line with Wintrust’s Risk Appetite, Policies, and within Regulatory Guidance.
Assist in the annual review of our counterparty credit risk policy and procedures.
Ensure effective identification, measuring, monitoring, management, and reporting of non-lending counterparty credit risk.
Ensure completion of OFAC background checks on financial counterparties as required.
Assist in the monitoring and reporting of appropriate counterparty credit risk appetite metrics and KRIs for inclusion in enterprise risk management reporting as well as for line-of-business reporting as appropriate.
Ensure the department’s credit risk management system, Moody’s Credit Catalyst, captures non-lending counterparty credit exposure and properly monitors credit exposure relative to limits
Remain up to date on regulatory guidance and practices related to counterparty credit risk management and keep abreast of current trends/industry events in counterparty credit.
Prepare, analyze, and develop various reports of data and metrics for counterparty credit risk management using Excel and PowerPoint.