VP, Credit Risk Oversight

About the Company

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 key branch banking locations throughout Illinois. 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: 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.
• Promote-from-within culture.
• Option to work at corporate headquarters in Rosemont, IL or Countryside, IL location.
• Inclusive environment fostering individual growth and independent work.
• Opportunity to interact with management-level, experienced professionals for higher visibility.
• Great culture that comes from the top down.
• Gain experience and further your career by joining a growing organization.

About the Role

The Credit Risk Oversight Specialist is part of the Credit Risk Oversight Team functioning as an independent second line of defense reporting to the VP Credit Risk Oversight Group Manager. The specialist will conduct systematic reviews of commercial, small business, specialty, or consumer loan portfolios to determine the accuracy of risk identification, adequacy of documentation, administration, credit quality, and loan performance. Additionally, the specialist will prepare business unit reports and other reports related to bank-wide credit risk issues.

Responsibilities

• Participate in the overall assessment of portfolio credit quality by assessing risk rating accuracy, timeliness of grade changes, and appropriateness of supporting rationale.
• Ensure loan underwriting standards adhere to Wintrust policy and procedures, and policy exceptions are appropriate and mitigated effectively.
• Review loan documentation, collateral documentation, and other credit administration and monitoring for adherence to Wintrust policy and procedure, relevant laws and regulations, and alignment with credit approval.
• Manage and/or co-manage internal credit risk oversight engagements.
• Perform continuous monitoring of assigned portfolios and quarterly charter reviews.
• Work with senior management to regularly update the credit risk oversight policies and procedures.
• Ensure adversely classified assets are identified and have appropriate action plans in place.
• Effectively listen and communicate with loan officers, business unit managers, senior Wintrust leadership, appropriate internal committees, external auditors, and all regulatory bodies.

Qualifications

• Bachelor’s degree in Accounting, Finance, Economics, or a related discipline.
• Credit professional with at least five years of commercial credit experience, preferably with a background in commercial credit underwriting, credit risk management, or loan/credit review.
• Strong credit analytical skills and credit process knowledge.
• Knowledge of the banking industry and regulatory guidelines as they relate to credit review and credit risk management practices.
• Experience in specialty lending niches such as leveraged loans, franchise lending, leasing, asset-based lending, insurance, etc.
• Successful completion of a formal credit training program preferred.
• Previous loan/credit review experience preferred.

Benefits

• Medical Insurance
• Dental Insurance
• Vision Insurance
• Life Insurance
• Accidental Death and Dismemberment Insurance
• 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

Pay

The estimated salary range for this role is $117,000-$150,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate’s qualifications, skills, and experience.