SVP Performance Measurement at Wintrust Financial Corporation in Rosemont, Illinois

Job Description:

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


• Family-friendly work hours


• With 175+ community bank locations, we offer opportunities to grow and develop in your career


• Promote from within culture

Why join this team?

• We have a culture that encourages an entrepreneurial spirit


• We offer multiple opportunities for development and upward mobility

Job Description Summary

Leads, plans and oversees performance measurement, forecasting/modeling and allowance measurement processes, as follows:

• Financial Planning & Analysis:  Tasks related to financial reporting, detailed financial analysis, integration of plan and forecast and to support businesses and business leadership in achieving financial goals. Manages project financials, cost allocations (both actual and for management reporting) and investor relations. 


• Business Line Profitability – to include Segmentation, incorporation of FTP results and full Business Line forecasting.


• Quantitative/Modeling: Development, maintenance and enhancement of quantitative/analytic models and applications, direct and actively participate in all stages of model development from data collection, model building, model validation, testing, calibration, and documentation. Lead the development of next generation models, including Automatic Risk Rating models, Current Expected Credit Loss (CECL), Capital Stress Testing, and other ad-hoc models as well as data analytics supporting various functions within the bank. This includes ensuring the completeness and accuracy of data utilized in the model development and implementation process.


• Allowance for Credit Losses: Maintains the measurement of the allowance for credit losses for all in-scope assets determined to be material and at all relevant companies within the Company (i.e., the bank charters). Such process includes analyzing output of modeled results for reasonableness, considering the impact of reasonable and supportable forecasts, trends in the Company’s loan portfolios and prior loss history to estimate expected credit losses over the life of the relevant asset.

What You’ll Do

• Analyze and present financial results to all stakeholders, both internal (i.e., internal management reporting) and external (i.e., earnings release).


• Analyze results of the quarterly allowance for credit losses measurement process for reasonableness and accuracy.  Assist in discussion/explanation of results and key drivers of those results.


• Analyze results of various modeling processes, including allowance for credit losses, stress testing, risk rating scorecard and other models.


• Help drive the strategy and approach surrounding reporting, both currently and considering future needs of all stakeholders

Knowledge/Skills/Background/Experience

• 10+ Years experience Banking/Finance


• Experience working with multiple department budgets, analysis of actual financial results from period to period, and the annual budget (and forecast) process.

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

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.