VP, Institutional Custody Administration

Wintrust Financial Corporation•Chicago, IL

2d•$71,000 - $92,000

About The Position

Wintrust Wealth Management serves the financial needs of private clients, including high net worth individuals, business owners, and institutions. Since our founding in 1931, we have been helping clients meet their increasingly complex financial goals with the highest standards of service and integrity. Through our four companies, Wintrust Investments LLC, Wintrust Private Trust., Great Lakes Advisors LLC, and The Chicago Deferred Exchange Company LLC, we offer comprehensive wealth management solutions, including investment, trust, and asset management services. Wintrust Wealth Management is a division of Wintrust, a financial services company with more than $66 billion in assets. Why join us? An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 12 years) and Employee Recommended award by the Globe & Mail (past 6 years) Competitive pay and annual discretionary bonus eligible Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few Family-friendly work hours With 175+ community bank locations, we offer opportunities to grow and develop in your career Promote from within culture Position Overview: The Vice President, Institutional Custody Administrator serves as the primary point of contact at Wintrust Private Trust Company with the Great Lakes Advisors (GLA) relationship managers when WPT is asked to serve as Custodian over a GLA managed account/relationship. This role will work closely with the GLA team in responding to Custody-related responses to RFP in a timely manner. This role will focus on a high level of client service including prompt attention to client requests, both externally and internally with WPT and GLA partners. The VP Custody Administrator will ensure strict adherence to banking regulations, including OCC fiduciary standards, and internal audit requests. The VP will oversee asset transfer, support onboarding of large relationships; cash management, safekeeping, trade settlement, and reporting functions, maintaining a strong internal control environment aligned with WPT’s and Wintrust’s enterprise risk framework. The custody operations and control responsibilities include but are not limited to: Oversee asset safekeeping, settlement, and reconciliation functions Ensure Accurate processing of all requests and corporate actions, income collections and proxy events, where applicable Supervise daily cash management and overdraft monitoring Review exception reporting, trade fails, and suspension balances Escalate material issues through established risk governance channels

Requirements

Bachelor’s degree in finance, Accounting, Business, or related field
7-10 years of bank trust department or institutional custody experience
Solid investment knowledge with specific proficiency in bond accounting, including interest accruals, amortization of premiums/discounts, pricing verification, and reconciliation of fixed income holdings within custody systems.
Familiarity with core trust accounting systems (FIS Trust Desk or similar platforms)
Advanced fiduciary discipline
Deep regulatory fluency
Advanced communication skills – both written and verbal
Precision in documentation and controls

Responsibilities

Oversee asset safekeeping, settlement, and reconciliation functions
Ensure Accurate processing of all requests and corporate actions, income collections and proxy events, where applicable
Supervise daily cash management and overdraft monitoring
Review exception reporting, trade fails, and suspension balances
Escalate material issues through established risk governance channels