Credit Portfolio Manager - Global Family Office; GFO

Position: Credit Portfolio Manager - Global Family Office (GFO)
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.

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.

Credit

Portfolio Manager

Job Description

The Credit Portfolio Manager will be responsible for managing credit product risk and profitability for a portfolio of credit clients and monitoring loan performance to ensure that loan quality adheres to guidelines. Assists Relationship Managers in marketing credit to clients. Researches and analyzes pertinent financial statements and investment holdings. Evaluates the liquidity and performance of Family Office holding and legal structures and creditworthiness.

Prepares and presents written credit memoranda for credit approval.

Key Responsibilities Include

• Manages credit product risk and profitability for a portfolio of credit clients and monitors loan performance to ensure that loan quality adheres to guidelines.
• Supports Relationship Managers through financial/credit analysis and credit underwriting.
• Researches and analyzes pertinent financial statements and investment holdings/portfolios.
• Evaluates investment holdings/portfolios and personal financial statements for liquidity, collateral support, repayment sources and creditworthiness.
• Prepares and presents written credit memoranda for credit approval.
• Coordinates preparation and execution of legal documentation in conjunction with Associate Banking Advisor and Relationship Manager and provides periodic updates of client credit quality to Credit Policy.
• Collects all necessary client prepared information and completes client financial statement spreadsheets, projections of client’s financial condition and Relationship Returns Review (RRR)
• Implements appropriate pricing and covenants on credit facilities in conjunction with the Relationship Manager and monitors covenant compliance, document and periodic deficiencies and short margin reports.
• On an on-going basis, monitors client loan portfolios to ensure that loan quality adheres to guidelines.
• Travels to client locations as required and participates in virtual client meetings.
• Trains, mentors and guides Rotational Development Program (RDP) Partners and less experienced analysts.

The Successful Candidate Will Benefit From Having

• In-depth knowledge of finance, accounting and investments usually acquired through formal education or experience is required to analyze and evaluate financial statements.
• Knowledge of applicable industry laws and regulations, usually acquired through prior experience, is required to review credit risk.
• Analytical and communication skills are required to determine credit risk and to prepare credit presentations.
• Personal computer skills are required to prepare financial spreadsheets.

Experience

• 3-5 years in financial and/or credit analysis

Working Model

Hybrid

We have a balanced hybrid working model to ensure you get the flexibility you need,…