Northern Trust

Senior Credit Portfolio Manager - Global Family Office (GFO)

Northern Trust$74K — $126K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in financial and/or credit analysis
  • In-depth knowledge of finance, accounting, and investments
  • Understanding of industry laws and regulations
  • Strong analytical and communication skills
  • Proficient in using personal computers for financial tasks

Responsibilities

  • Manage credit product risk and profitability for a credit client portfolio
  • Support Relationship Managers with financial and credit analysis
  • Research and analyze financial statements and investment portfolios
  • Coordinate legal documentation preparation and execution
  • Collect and process client financial information
  • Implement pricing and monitor covenant compliance on credit facilities
  • Monitor loan portfolios for adherence to quality guidelines
  • Engage with clients in-person or virtually as needed
  • Train and mentor Rotational Development Program partners and junior CPMs

Benefits

  • Comprehensive retirement benefits (401k and pension)
  • Health and welfare benefits including medical, dental, and vision
  • Paid time off, parental, and caregiver leave
  • Life and accident insurance options
  • Access to a discretionary bonus program potentially including equity components
Full Job Description

Sr. Credit Portfolio Manager

Job Description:

This is an office-based position and for the effective performance of this role, the duties and responsibilities must be carried out onsite.

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 CPMs.

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:

  • 5-7 years in financial and/or credit analysis

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.

About Northern Trust

Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, and fiduciary and banking solutions to corporations, institutions, and affluent individuals. They have evolved with the changing needs of their clients and their world.

Northern Trust Careers

Joining Northern Trust means becoming part of a global financial services institution that is dedicated to providing expert guidance and innovative solutions to its clients. At Northern Trust, we pride ourselves on fostering a culture of leadership, diversity, and innovation, which makes us a premier destination for career growth in the financial industry.

Work You’ll Do

At Northern Trust, you will collaborate with some of the most talented professionals in the financial sector. Our team is committed to excellence and equipped with a diverse range of skills that contribute to our dynamic environment. Here, you will have the opportunity to lead projects that transform our services and drive significant value for our clients across the globe.

Explore Job Opportunities and Internships

Whether you are starting your career or looking to make a significant impact in the financial industry, Northern Trust offers a variety of job opportunities and internships that will help you achieve your professional goals. From entry-level positions to leadership roles, our company is actively hiring individuals who are passionate, curious, and driven to excel.

Innovative Work

Northern Trust is at the forefront of financial innovation. Our employees are encouraged to think creatively and leverage cutting-edge technologies to solve complex problems. By joining our team, you will work on pioneering solutions that redefine the standards of financial services.

Be Part of a Great Team

Our team at Northern Trust is more than just a group of employees – we are a community. We value collaboration, and our culture is built on mutual respect and a commitment to diversity and inclusion. Working with us, you will experience a supportive network that is passionate about sharing knowledge and ideas.

Future-Proof Your Career

Northern Trust is dedicated to your professional development. We offer comprehensive benefits, diversity training, and numerous resources to help you grow your career. With our support, you can expand your skills, gain valuable experience, and achieve professional certifications that will enhance your career trajectory.

Stay Connected

Join Our Team

Discover the perfect role for you at Northern Trust by exploring our current job openings that match your skills and interests. We are looking for professionals who are solution-driven and eager to contribute to our legacy of financial excellence.

Keep Up to Date

Stay informed with the latest career tips, industry insights, and professional growth opportunities—all available through our careers blog. At Northern Trust, we ensure that our team members are always ahead in the industry.

Job Alert Emails

Customize your experience by subscribing to job alerts and insider tips tailored to your preferences. At Northern Trust, exciting and rewarding opportunities are always on the horizon, and we are eager to see where your talents can take us. Join Northern Trust today and be part of a company that values innovation, leadership, and a diverse and inclusive workplace. Here, every position is a chance to contribute to something bigger and to turn your job into a meaningful career.
Learn more about Northern Trust
Size
21,100 employees
Market Cap
$18.1 billion
Industry
Net Income
$1.2 billion
Founded
1889
5 Year Trend
+4.9%
Revenue
$6.1 billion
NASDAQ

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