Credit Manager (Finance)

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

The Credit Manager key responsibilities include:

• Manages a credit process function, including conducts the performance management process, identifies training and development needs, and establishes performance standards for the unit.

• Determines staffing needs, makes hiring and firing decisions, handles salary administration, and ensures resources are available to accomplish priorities.

• Participates in developing the business unit strategic plan and sets goals and priorities based on the direction set for the unit. Follows through to ensure objectives are met.

• Develops unit budget and manages the expenses for the unit.

• Provides leadership and guidance to staff, including fostering an environment which encourages employee participation, teamwork, and communication.

• Oversees the review of commercial, personal, installment, and mortgage loans to ensure that they support the approved loan structure and conform with bank policy.

• Oversees the audits of potential and current commercial loan client accounting systems and loan collateral to determine the client's collateral, value and quality, internal procedures, and effectiveness of controls.

• Oversees the credit investigation and inquiry process for commercial clients and account officers.

• Counsels lenders on specific loan situations and calls problem loans to their attention.

• Advises senior credit and loan personnel on the company's overall lending policy, noting significant trends and recommending policy changes if necessary.

• Maintains schedule of certain loans which are held for follow-up and re-examination and recommends appropriate action in problem loan situations.

• Reviews the types of credit exposure, the quality of assets, and the risk parameters for the extension of credit.

• Frequently interacts with partners in credit and banking and with senior management at affiliate offices to review audit and examination results.

• Acts as a representative for the corporation during federal and state audits/examinations and provides required documentation and responses to questions on loan portfolios.

• Keeps abreast of economic, political, and legislative factors that could affect the quality of loan portfolios.

The successful candidate will benefit from having:

• Knowledge of credit analysis, commercial lending policies, procedures, loan documentation requirements, and applicable laws and regulations usually acquired through formal education.

• Previous experience is required to audit and review loan documents and collateral.

• Analytical skills are required to analyze risk of loan portfolios and report to management.

• Leadership and organizational skills are required to determine the unit goals, resources needed, and to assess and develop the skills of the staff.

• 6+ years of credit underwriting, commercial lending or collateral audit and loan documentation review experience.

#LI-LK2, #LI-Hybrid

Salary Range:
$114,700 - 194,900 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.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .

We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.