AVP, Counterparty Credit Risk

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 Wintrusts 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 Wintrusts 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.

What Youll Do

• 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 Wintrusts 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 Wintrusts 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 departments credit risk management system Moodys 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.

Qualifications

• Bachelors 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.

Benefits

Medical Insurance Dental Vision Life insurance Accidental death and dismemberment Short-term and long-term Disability Insurance Parental Leave Employee Assistance Program (EAP) Traditional and Roth 401(k) with company match Flexible Spending Account (FSA) Employee Stock Purchase Plan at 5% discount Critical Illness Insurance Accident Insurance Transportation and Commuting Benefits Banking Benefits Pet Insurance

Compensation

The estimated salary range for this role is $98000-$132000 along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors such as a candidates qualifications skills and experience.

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From our first day in business Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation including community banking and financial services subsidiaries is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race color religion sex age national origin disability veteran status genetic information and other legally protected categories.