Senior Credit Portfolio Manager - Global Family Office

About the role

Northern Trust is a global leader in wealth management, asset servicing, asset management, and banking services. Founded in 1889, the company is known for its Principles That Endure: Service, Expertise, and Integrity. These principles guide the behavior of Northern Trust's partners, who are called "Northern Trusters," and are reflected in the company's commitment to its clients and the communities it serves.

Responsibilities

• Manages credit product risk and profitability for a portfolio of credit clients and monitors loan performance to ensure loan quality adheres to guidelines.
• Supports Relationship Managers through financial/credit analysis and credit underwriting.
• Researches and analyzes pertinent financial statements and investment holdings/portfolios.
• Evaluates investment holdings/portfolios and personal financial statements for liquidity, collateral support, repayment sources, and creditworthiness.
• Prepares and presents written credit memoranda for credit approval.
• Collaborates with Associate Banking Advisors and Relationship Managers to coordinate preparation and execution of legal documentation and provides periodic updates of client credit quality to Credit Policy.
• Collects all necessary client prepared information and completes client financial statement spreadsheets, projections of client’s financial condition, and Relationship Returns Review (RRR).
• Implements appropriate pricing and covenants on credit facilities in conjunction with the Relationship Manager and monitors covenant compliance, document deficiencies, and short margin reports.
• On an ongoing basis, monitors client loan portfolios to ensure that loan quality adheres to guidelines.
• Travels to client locations as required and participates in virtual client meetings.
• Trains, mentors, and guides Rotational Development Program (RDP) Partners and less experienced CPMs.

Requirements

In-depth knowledge of finance, accounting, and investments is required to analyze and evaluate financial statements. Knowledge of applicable industry laws and regulations is required to review credit risk. Analytical and communication skills are required to determine credit risk and prepare credit presentations. Personal computer skills are required to prepare financial spreadsheets.

Qualifications

5-7 years of experience in financial and/or credit analysis is required.

Skills

The successful candidate should possess strong analytical and communication skills, as well as personal computer skills to prepare financial spreadsheets.

Benefits

Comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts, and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits.

Pay

$74,200 - 126,200 USD

Schedule

Office-based position with occasional travel required.