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Chief Credit Officer

St. Charles, IL, USA | Wintrust Financial

  • Industry:
    Financial Services
  • Position Type:
    Full-Time
  • Functions:
    Financial Services Professional
    General Management
    Risk Management
  • Experience:
    10-12 years
Job Description:
72 people have viewed this job

The Chief Credit Officer is responsible for overseeing the credit risk activities of the bank, including but not limited to:underwriting, credit approval, asset quality of designated portfolios, board reporting, loan loss reserve analysis, support of and interaction across the group’s credit hub, examiner interface and more. This position sets the vision and strategic direction for credit related activities of the bank.  

Reviews loan requests and executes the highest level of loan authority, including a voting member on the banks loan committee (or ILA as applicable).Serves as primary interface with Concurrence Officer and other higher level authorities to facilitate final approval.

Responsible for the overall asset quality of the bank’s loan portfolio.The CCO monitors and reports on asset quality trends.Accountable for asset quality metrics and risk ratings of the loan portfolio.Participates in board meetings and presentations to bank senior management teams.

Participates in deal discussions both formally and informally to ensure early and ongoing dialog to resolve issues and to keep the approval process moving efficiently, providing timely support to lenders.

Supervises and leads criticized asset and portfolio review meetings.Interacts as needed with MAD to review workout strategies on specific troubled loans and OREO assets of the bank.

Primary contact for audit, loan review,regulatory exams, and compliance for credit related processes

Reviews and assists the lending team with the development of term sheets or deal memos. Maintains local market knowledge and industry awareness. Communicates knowledge to others.

Administrative coordination:Distributes or facilitates the distribution of reports and other information as needed to lending and credit teams for portfolio management purposes.Reviews and endorses recommendations from Market leadership for limits and adjustments to line officer authorities as appropriate. 

As Chicago’s Bank, we work hard to support the neighborhoods we serve. We’re active in local charities, local government, school boards and community development activities. At Wintrust, our customers can “Have it All” with access to the big bank resources and the customer service you can only get from a local bank that makes decisions locally and still knows customers by their name.We invite you to be part of the Wintrust team by submitting your application today! 

Wintrust is a financial holding company with assets of over $30 billion whose common stock is traded on the NASDAQ Global Select Market.Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. We operate fifteen community bank subsidiaries, with over 160 banking locations located in the greater Chicago and southern Wisconsin market areas. Wintrust also operates various business units which provide commercial and life insurance premium financing in the United States, a premium finance company operating in Canada, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services and qualified intermediary services for tax-deferred exchanges.

Qualifications

10 + years experience commercial credit experience

Previous experience managing a credit team 


 


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