Chief Credit Officer, SVP

Wintrust Financial Corporation•Holland, MI

1d•$169,000 - $228,000

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 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 Family-friendly work hours Promote from within culture The Chief Credit Officer plays a pivotal role in overseeing and managing the credit risk functions within the organization. Responsibilities include developing and implementing credit risk strategies, policies, and procedures to ensure prudent lending practices in compliance with the company’s credit policy. The CCO will collaborate with executive leadership and key stakeholders to optimize credit decision-making processes and maintain a healthy credit portfolio. What You’ll Do Develop, implement, and maintain credit risk policies, guidelines, and procedures to effectively identify and mitigate risks in alignment with organizational objectives Identify, assess, and monitor credit risk, exposure, and key risk indicators (KRI) to ensure compliance with the Loan Policy, company risk appetite, and industry best practices Analyze and evaluate credit portfolios to identify potential risks and opportunities for improvement. Track credit performance using trend analysis of KRIs, Risk Reports, and the interest report to communicate and present reports to executive leadership and the Board of Directors Collaborate with the business development team and executive leadership to establish sound credit criteria and decision frameworks Provide guidance on complex credit transactions and exceptions Oversee the contract origination, amendments, contract renewals, origination and on-going assessment of risk rating clients, and legal filing processes Lead, monitor, and develop a high-performing credit risk and underwriting team, fostering a culture of continuous learning and professional development Strategic planning and collaboration with cross-department stakeholders to help achieve company goals of profitability and production for the year along with overall business objectives Ensure compliance with corporate credit policies, audit procedures, applicable laws and regulations related to credit risk

Requirements

Bachelor’s degree in finance, accounting, business, or another related field
Minimum 10 years’ experience in credit risk management within a financial institution
Strong leadership, organizational, and decision-making skills
Deep understanding of financial markets, credit risk modeling including commercial, consumer, and mortgage credit
Exceptional analytical skills, regulatory knowledge, and proficiency in credit management software
Excellent verbal, written, and interpersonal communication skills

Responsibilities

Develop, implement, and maintain credit risk policies, guidelines, and procedures to effectively identify and mitigate risks in alignment with organizational objectives
Identify, assess, and monitor credit risk, exposure, and key risk indicators (KRI) to ensure compliance with the Loan Policy, company risk appetite, and industry best practices
Analyze and evaluate credit portfolios to identify potential risks and opportunities for improvement.
Track credit performance using trend analysis of KRIs, Risk Reports, and the interest report to communicate and present reports to executive leadership and the Board of Directors
Collaborate with the business development team and executive leadership to establish sound credit criteria and decision frameworks
Provide guidance on complex credit transactions and exceptions
Oversee the contract origination, amendments, contract renewals, origination and on-going assessment of risk rating clients, and legal filing processes
Lead, monitor, and develop a high-performing credit risk and underwriting team, fostering a culture of continuous learning and professional development
Strategic planning and collaboration with cross-department stakeholders to help achieve company goals of profitability and production for the year along with overall business objectives
Ensure compliance with corporate credit policies, audit procedures, applicable laws and regulations related to credit risk