Analyst, Counterparty Credit Risk

Counterparty Credit Risk Analyst

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

The Counterparty Credit Risk Analyst will assist the VP and Department SVP in executing the independent second line of defense function. The fundamental goal of Counterparty Credit Risk Oversight is to ensure Wintrust's credit assessment practices for non-lending counterparties (e.g., our Treasury, Corporate, Insurance, Sovereign, and Mortgage counterparties, as well as Third-Party Vendors) are appropriate for the size and scope of the organization and in line with supervisory guidance.

What You'll 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 Wintrust's 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 and assist in the annual review of our counterparty credit risk policy and procedures.
• Assist in the maintenance of the department's credit risk management system, Moody's Credit Catalyst, monitor exposure relative to limits, and ensure non-lending counterparty credit exposure is captured in the system.
• Prepare, analyze, and develop various data and metric reports for counterparty credit risk management using Excel and PowerPoint and assist in the monitoring and reporting of appropriate counterparty credit risk appetite metrics and KRIs.
• Remain up to date on regulatory guidance and practices related to counterparty credit risk management and keep abreast of current trends/industry events in the counterparty space.
• Complete OFAC or other background checks on financial counterparties as required.

Qualifications

• 0-2 years of credit related experience.
• Bachelor's degree required. Completion of a formal credit training program preferred.
• Ability to analyze financial statements and write up credit reviews that clearly identify credit risks and mitigants, and to assess trends in a firm's capital adequacy, profitability, asset quality, and liquidity/funding management for a wide variety of counterparty types.
• MS Office, including strong Excel skills with working knowledge of VLOOKUP, pivot tables, charts, and reporting is required.
• Knowledge and experience with counterparty credit risk management practices is desirable, 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).
• Use of Moody's and S&P market-implied credit rating tools and general knowledge and familiarity working with the Bloomberg Terminal is preferred.

Compensation

The estimated salary range for this role is $59,000-$77,000, 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.

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.