Wintrust Commercial Banking · 2 days ago
Team Lead Portfolio Management, Commercial Banking
Chicago, IL
Full-time
Onsite
Senior Level, Lead/Staff
$117K/yr - $175K/yr
10+ years expWintrust Commercial Banking provides community and commercial banking services and is seeking a Team Lead Portfolio Management. This role involves managing a sizable commercial banking portfolio, supervising a team of Portfolio Managers and Credit Analysts, and ensuring effective portfolio management while supporting new business initiatives.
Banking
Responsibilities
Primary responsibilities include assignment, management, and prioritization of ongoing workflow, mentoring Portfolio Managers and Credit Analysts by auditing work products and providing feedback, while contributing to the organizational development of employees through 1:1 interactions, active career planning and mentorship, and delivery of timely and accurate feedback
Serve as the liaison with assigned commercial banking teams assuring new business activities are prioritized while portfolio management responsibilities (renewals, annual reviews, covenant testing, reporting exceptions, documentation exceptions, etc.) are managed in accordance with bank policies
Directly manage a small portfolio of the most complex and important accounts. Direct portfolio management responsibilities include gathering, analyzing and testing all business and personal financial data collected for the purpose of monitoring the loan relationship while performing portfolio management tasks including the underwriting of annual reviews and renewals, completing covenant testing verifications, managing reporting and documentation exceptions, and ensuring the loan portfolio is accurately risk rated
Review credit approval presentations of the Portfolio Managers and Credit Analysts, focusing on the accuracy of the data and analysis, ensuring all risks are identified and mitigated, and ensuring a structure is in place to appropriately govern the credit based on the risk profile
Provide a layer of quality control in the underwriting process by reviewing work and providing feedback to Portfolio Managers and Credit Analysts to ensure underwriting documents are comprehensive and accurate prior to review by their supervisor
Primary point of contact between commercial credit and the lending teams in managing new business pipelines and portfolio management activities. Serve as a credible challenge to the lending teams to ensure lending relationships are structured within the bank’s risk tolerance and all portfolio management expectations are met
Qualification
Required
Bachelor's degree in business, finance or accounting; Master's degree preferred
Formal credit training from a respected bank, with a strong understanding of general credit and risk principles, mitigates, and banking policies/procedures
10+ years' financial services experience with a working knowledge of the banking environment, products and all supporting processes and technology; commercial credit experience highly preferred
Excellent verbal and written communications skills
Strong analytical, organizational and time management skills
Proven ability to manage tasks in a timely and efficient manner
Strong interpersonal skills with a proven ability establishing client relationships and working within a team environment
Preferred
Master's degree
Prior experience managing a team
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
Company
Wintrust Commercial Banking
In the era of big bank mergers, commercial banking decisions are being made farther away from your business.
1001-5000 employees
Funding
Current Stage
Late StageCompany data provided by crunchbase