at Wintrust Financial Corporation in Rosemont, Illinois, United States
Job Description
Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.
Why join us?
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An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 years) and Employee Recommended award by the Globe & Mail (past 6 years).
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Competitive pay and discretionary or incentive bonus eligible.
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Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
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Promote from within culture.
Why join this team?
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Hybrid Work Schedule Split your time working remotely and at our Corporate Headquarters in Rosemont, IL.
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We foster an inclusive environment for an individual to grow and work independently.
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Opportunity to interact with management level, experienced professionals - higher visibility.
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Wintrust has a great culture that comes from the top down.
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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 VP 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
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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 (e.g. our Treasury, Insurance, Sovereign, and Mortgage counterparties, as well as our Critical Third-Party Vendors). 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.
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Assist the VP/SVP in ensuring Wintrusts credit assessment practices and policies for non-lending counterparties (e.g. our Treasury, Insurance, Sovereign, Mortgage counterparties and our Critical Third-Party Vendors) are appropriate for the size and scope of the organization and in line with supervisory guidance and assist in the annual review of our counterparty credit risk policy and procedures
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Complete OFAC or other background checks on financial counterparties as required
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Assist in the maintenance of the departments credit risk management system, Moodys Credit Catalyst, monitor...
Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
