Underwriter, Private Banking (Non-Mortgage)

Welcome to Northern Trust! We are seeking a highly skilled and motivated individual to join our team as an Underwriter in Private Banking. In this role, you will have the opportunity to utilize your strong analytical skills and financial expertise to support our high-net-worth clients. As an Underwriter, you will play a critical role in assessing and managing risk for our non-mortgage lending activities. Our ideal candidate is a detail-oriented and proactive professional with a passion for providing exceptional service to our clients. If you are looking for a challenging and rewarding career in the financial services industry, we want to hear from you!

1. Evaluate and analyze the creditworthiness of high-net-worth clients to determine their eligibility for non-mortgage lending activities.
2. Assess and manage risk for lending activities, including identifying potential risk factors and developing strategies to mitigate them.
3. Review and verify financial documents, such as tax returns and investment portfolios, to ensure accuracy and completeness.
4. Collaborate with Private Bankers and Relationship Managers to understand client needs and provide tailored lending solutions.
5. Conduct thorough due diligence and research on clients to gather necessary information for underwriting decisions.
6. Stay updated on industry trends and regulations related to private banking and lending.
7. Communicate effectively with clients to gather necessary information and provide updates on the status of their applications.
8. Maintain accurate and organized records of all underwriting decisions and activities.
9. Utilize financial models and analysis tools to assess risk and evaluate loan structures.
10. Provide exceptional customer service by promptly responding to client inquiries and concerns.
11. Work closely with other departments, such as Legal and Compliance, to ensure adherence to company policies and procedures.
12. Participate in training and development activities to enhance skills and knowledge related to underwriting and private banking.
13. Remain proactive in identifying areas for process improvement and implementing solutions.
14. Adhere to strict confidentiality guidelines and handle sensitive client information with care.
15. Represent Northern Trust in a professional and positive manner at all times.

According to JobzMall, the average salary range for a Underwriter, Private Banking (Non-Mortgage) in Chicago, IL, USA is $55,000 - $85,000 per year. However, this can vary depending on the specific company, experience level, and qualifications of the individual.

Northern Trust Corporation is a financial services company that caters to corporations, institutional investors, and ultra high net worth individuals. It is one of the largest banks in the United States and one of the oldest banks in continuous operation.