Liquidity & Market Risk Oversight Manager (Security)
Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.
Why join us?
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 10 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 to name a few.
Promote from within culture.
Why join this team?
Be part of a strong, mature, risk management governance framework.
Hybrid Work Schedule – Remotely and at our Corporate Headquarters in Rosemont, IL.
We foster an inclusive environment for an individual to grow and work independently.
Opportunity to interact with management level, experienced professionals - higher visibility.
Wintrust has a great culture that comes from the top down.
Gain experience and further your career by joining a growing organization.
Position Overview
The Liquidity & Market Risk Oversight role reports directly to the SVP-Chief Economist for Wintrust and is responsible for 2nd line of defense oversight for the day-to-day identification, measurement, monitoring and controlling of liquidity, interest rate and market risk. This includes working with the SVP-Chief Economist to develop enhanced reporting, conduct risk and control assessments, perform portfolio oversight, maintain policies, procedures, control limits and ensure a sustainable risk strategy/framework exists for maintaining of the quantity and quality of liquidity risk, interest rate risk, and market risk in line with the Company's Risk Management framework.
What You'll Do
Work with the SVP-Chief Economist to ensure the proper identification, measurement, monitoring and reporting of liquidity risk, interest rate risk, and other market risk.
Support the SVP-Chief Economist in developing and executing the calendar and activities for second line Independent Review of Liquidity and Market risk across key functions throughout the year.
Development and maintenance of KRI reporting and various analyses designed to further strengthen oversight of liquidity risk, interest rate risk, and other market risk.
Conduct gap analysis for liquidity risk, interest rate risk, and other market risk relative to regulatory guidance to identify key areas where additional ad-hoc analysis, reporting and escalation may be warranted.
Assist in assessing the reasonableness and design of scenarios and assumptions used in the liquidity risk stress testing and the firm's contingency funding plan.
Continued integration of key requirements and practices as outlined in regulatory guidance with respect to liquidity risk, interest rate risk, and other market risk management including those outlined in, Enhanced Prudential Standards, OCC Heightened Expectations, SR 10-6, Reg YY, SR 96-13, and SR 10-1.
Coordinate with senior management within the 1st line businesses in reviewing overall operations, business strategy, developing and conducting risk assessments, and advising on risk framework, risk oversight, and risk management policy questions as they relate to liquidity risk, interest rate risk, and other market risk.
Qualifications
Bachelor's degree required. CFA, FRM, or MBA a plus.
5-10 years working within a 1st and/or 2nd line liquidity, interest rate and market risk review team or serving on a liquidity or market risk regulatory team. Regulatory experience in the area of liquidity risk, interest rate risk, and other market risk a big plus (i.e. FRB, OCC, CFPB, FDIC)
Strong soft skills with the ability to effectively challenge the business line and maintain positive working relationships while ensuring a balance between risk and reward.
Knowledge and experience with liquidity, interest rate and market risk management practices including knowledge of the banking industry and regulatory guidelines as they relate to safety and soundness.
Excellent verbal and written communication skills. Comfortable presenting and speaking in front of senior management and offering effective challenge when/where appropriate.
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
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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 be Chicago's Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. 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, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.
