Portfolio Manager II, Private Client

Wintrust•Chicago, IL

2d•$85,000 - $110,000•Onsite

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.” Position Overview: Manages and monitors a portfolio of client credit exposures, across industry classes, on an ongoing basis. Underwrites credit requests including new, renewals and modifications. Ensures adherence to the Wintrust Credit Policy and underwriting practices, including: risk philosophy, risk appetite and lending strategies. Serves as an additional point of client contact, maintaining a high level of client responsiveness, serving as lead regarding client servicing activities to proactively identify and mitigate credit risk. Navigates a wide variety of financial structures, credit scenarios and financial analysis situations. Communicates risk and return with internal banker partners, and credit executives. Collaborates with bankers on loan closings to ensure proper documentation of new and amended deals as well as waivers and modifications. Works closely with and provides guidance to Credit Analysts and other team members. What you’ll do: Collaborates with bankers and other business teams to meet client credit requests, in adherence with Wintrust Credit policy. Monitors portfolio to accurately assign risk ratings to clients and facilities. Ensures packages are complete, accurate and thoroughly documented. Conducts analysis and structuring of credit requests for clients and prospects. Develops client assessments including in-depth analyses of financial data and other information provided by the client. Assesses deal strengths and weaknesses and risk factors. Evaluates and establishes risk ratings for transactions and correlates exposure levels as a part of the client strategy discussion. Completes and coordinates memos using aforementioned process and materials. Collaborates with bankers, internal staff, and bank attorney regarding loan documentation and closing process for new and amended credit facilities, including waivers and modifications. Helps ensure loan documentation complies with loan approvals. Interfaces with loan operations team regarding booking of new and amended deals, waivers, and modifications, providing all necessary documentation to complete closing process. Remains current on all aspects of the credit relationship, including exposure, compliance, potential problems and opportunities. Notifies bankers of any issues and interacts with clients as required. Responsible for collection of required client reporting. Monitors existing client credit on a daily basis for issues or concerns. Monitors tickler and exception reports to manage flow of financial reporting and client compliance with covenants. Prepares internal and external regulatory exam responses. Responds to examiner questions and requests for information regarding assigned portfolio. Assists in cross selling efforts and participates in special projects. Works closely with and provides guidance to Credit Analysts. Provides a cohesive and comprehensive approach to review ratings, risk assessment, portfolios, clients and industries in assigned sector. Prepares and presents quarterly and annual risk reviews. Recommends risk ratings and maintains updated credit research on portfolio of clients. Trains, mentors, and develops Analysts and other junior members of the team. Helps drive and support innovation and continuous efficiency improvements. Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations, and risk limits specific to their role. Additionally, they should raise, and report known or suspected violations to the appropriate Company authority in a timely fashion. Performs other related duties as required.

Requirements

Minimum Education: Bachelor's degree in business administration, Finance, Accounting or related discipline or a combination of education and experience
Minimum Experience: 5-10 years of credit analysis or commercial banking experience including experience in one of the following sectors: private client, middle market or CRE
Required Knowledge, Skills, & Abilities: Strong understanding of risk management and credit mitigants
Knowledge risk ratings analysis, corporate finance and/or research
Strong analytical and financial modeling ability
Strong client service skills
Strong organizational skills
Strong verbal and written communication skill
Strong relationship building skills
Proficiency using Microsoft Office software products including advanced Excel modeling skills
Familiarity with Moody's analytics

Responsibilities

Collaborates with bankers and other business teams to meet client credit requests, in adherence with Wintrust Credit policy.
Monitors portfolio to accurately assign risk ratings to clients and facilities.
Ensures packages are complete, accurate and thoroughly documented.
Conducts analysis and structuring of credit requests for clients and prospects.
Develops client assessments including in-depth analyses of financial data and other information provided by the client.
Assesses deal strengths and weaknesses and risk factors.
Evaluates and establishes risk ratings for transactions and correlates exposure levels as a part of the client strategy discussion.
Completes and coordinates memos using aforementioned process and materials.
Collaborates with bankers, internal staff, and bank attorney regarding loan documentation and closing process for new and amended credit facilities, including waivers and modifications.
Helps ensure loan documentation complies with loan approvals.
Interfaces with loan operations team regarding booking of new and amended deals, waivers, and modifications, providing all necessary documentation to complete closing process.
Remains current on all aspects of the credit relationship, including exposure, compliance, potential problems and opportunities.
Notifies bankers of any issues and interacts with clients as required.
Responsible for collection of required client reporting.
Monitors existing client credit on a daily basis for issues or concerns.
Monitors tickler and exception reports to manage flow of financial reporting and client compliance with covenants.
Prepares internal and external regulatory exam responses.
Responds to examiner questions and requests for information regarding assigned portfolio.
Assists in cross selling efforts and participates in special projects.
Works closely with and provides guidance to Credit Analysts.
Provides a cohesive and comprehensive approach to review ratings, risk assessment, portfolios, clients and industries in assigned sector.
Prepares and presents quarterly and annual risk reviews.
Recommends risk ratings and maintains updated credit research on portfolio of clients.
Trains, mentors, and develops Analysts and other junior members of the team.
Helps drive and support innovation and continuous efficiency improvements.
Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations, and risk limits specific to their role. Additionally, they should raise, and report known or suspected violations to the appropriate Company authority in a timely fashion.
Performs other related duties as required.