Sr Credit Portfolio Manager

Northern Trust; Chicago (IL); On-site; USD 74,000 - 126,000; Full time

Job summary

Northern Trust in Chicago seeks an experienced Credit Professional to manage a large portfolio of credit clients, structure and negotiate complex corporate banking transactions, and assess financing strategies. You will prepare documentation and monitor credit risk as part of a collaborative team.

The role requires analytical finance knowledge, strong negotiation skills, and 5-7 years of credit product experience. Travel to client sites is expected as needed.

Qualifications

• 5-7 years of credit product experience.
• In-depth knowledge of finance and related issues.
• Knowledge of industry laws and regulations.
• Strong negotiation and communication skills.
• Ability to analyze financial statements.

Responsibilities

• Manages credit product risk and profitability for a large portfolio of credit clients.
• Structures and negotiates large corporate banking/credit transactions per guidelines.
• Reviews structuring of transactions and advises clients on financing strategies.
• Analyzes and negotiates loan terms (pricing, rates) within policy.
• Prepares documentation for financing agreements.
• Monitors and evaluates the creditworthiness of clients and prospects.
• Prepares and presents credit risk to Loan and Credit Policy Committees.
• Travels to client locations as required.
• Provides training to less experienced employees.

Skills

Credit analysis

Negotiation

Communication

Analytical skills

5-7 years credit experience

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Key Responsibilities

• Manages credit product risk and profitability for a large portfolio of credit clients and monitors loan performance to ensure that loan quality adheres to guidelines.
• Structures and negotiates large corporate banking/credit based product transactions according to guidelines established by senior bank and business unit management.
• Reviews with client organizations the structuring of transactions; acts as a consultant to the client in providing evaluation of financing strategies.
• Analyzes and negotiates the terms of loans, such as pricing special conditions, interest rates, etc. within appropriate corporate policy and guidelines.
• Prepares documentation necessary for the financing agreement.
• Responsible for monitoring and evaluating the creditworthiness of clients and prospects to ensure a high quality loan portfolio.
• Prepares and presents credit risk to the Loan Committee and Credit Policy Committee.
• Travels to client locations as required.
• Provides training or instruction to less experienced employees.

Candidate Qualifications

• In-depth knowledge of finance and relevant business segment specific issues, usually acquired through formal education or experience, is required to structure large corporate credit based product transactions.
• Knowledge of applicable industry laws and regulations, usually acquired through prior experience, to evaluate credit risk.
• Skills in negotiation and communication are necessary in establishing credit and preparing credit presentations.
• Analytical skills are required to analyze financial statements.
• Experience :5-7 years of credit product experience.

Salary Range: $74,200 - 126,200 USD. Salary range is a good faith estimate of base pay.

Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.

EEO Know Your Rights (U.S)