🕒 18 days ago
Own and evolve model governance for Credit products by independently validating credit models, identifying risks and limitations, and partnering with Product, Data Science, and Engineering on responsible model use.
Senior Manager Credit Risk Management
🕒 3 days ago
Credit Risk ManagementCredit Policy And ProceduresPortfolio ManagementCredit Risk Reporting
📜 Description
- Challenge proposed credit policy, procedure, and process changes and recommend improvements.
- Monitor loan portfolios and exception frameworks, identify trends, and prepare credit risk reporting for senior management and quarterly board reporting.
- Partner with business-line credit teams to support adherence to credit policies.
- Coordinate timely, accurate responses to OSFI and Internal Audit recommendations and requests.
- Lead Quality Assurance initiatives and ongoing reviews for the Merchant Acquiring business unit.
- Assess new products and initiatives against the Bank’s credit risk appetite and recommend appropriate risk support and mitigation strategies.
🛠️ Requirements
- Have a minimum of 5-8 years of lending experience with expertise in a combination of commercial banking, retail lending including Single Family mortgages, construction and commercial mortgages, and portfolio management/analytics experience
- Post-secondary education (diploma/degree), preferably in business or finance with an MBA or accounting designation
- Demonstrated leadership skills and strategic thinking
- Proven ability to thrive in a constantly changing environment and to perform well in a high volume, high intensity environment
- Proven ability to inspire a team to work toward a set of goals and objectives
- Highly developed verbal and written communication skills with the ability to communicate to Senior Management in a clear, concise and professional manner
- Strong understanding of real estate/commercial/asset-based underwriting and valuation techniques, financial statement analysis, secured lending and factors affecting the mortgage market
- Strong analytical and problem-solving skills
- Strong organizational and time management skills
- Ability to handle multiple competing priorities is a must
✨ Benefits
- Competitive discretionary bonus
- Market-leading RRSP match program
- Medical benefits
- Dental benefits
- Vision benefits
- Life insurance
- Disability benefits
- Employee Share Purchase Plan
Full job description
Join a Challenger
At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.
We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.
What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.
If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity.
We can’t wait to get to know you!
The Work
The Senior Manager, Credit Risk Management reports to the Senior Director, Credit Risk Management and supports Senior Management with respect to all aspects of credit risk management in the Bank. The Senior Manager will be responsible for assisting in the development and operationalization of credit risk strategies and will oversee all loan portfolios with the objective of maintaining high quality lending and risk mitigation strategies.
Key aspects of the role are governance, strategic initiatives, and managing key internal relationships enterprise-wide to champion risk and credit culture at the Bank.
The Core Responsibilities
Credit Risk Governance
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Provide independent and effective challenge to credit policy and credit procedure changes, amendments, and work collaboratively on new developments as proposed by the Business Lines
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Monitor the loan portfolios for relevant trends, insights and provide ad-hoc credit risk reports to members of senior management and to support quarterly board reporting
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Liaise and maintain strong relationships with the credit functions across the business lines to ensure that credit policies are adhered to in the organization
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Monitor exception frameworks in the business lines and escalate relevant trends and insights
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Support in managing responses to recommendations/requests from OSFI and Internal Audit to ensure they are timely and accurate
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Support the Senior Director, Credit Risk Management and Quality Assurance leaders in ongoing and continuous improvement initiatives to generate operational efficiencies
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Lead Quality Assurance initiative and ongoing reviews for Merchant acquiring business unit
-
Provide effective challenge of changes to policy/procedures/processes proposed by the Retail business units and make recommendations to Senior Director, Credit Risk Management
New Products and Initiatives
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Ensure proposed products are in alignment with the bank’s credit risk appetite as articulated in credit policies and procedures and that satisfactory risk mitigation strategies have been discussed and documented
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Review and recommend Credit Risk support of new initiatives to the Senior Director, Credit Risk Management
Let's Talk About You
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Have a minimum of 5-8 years of lending experience with expertise in a combination of commercial banking, retail lending including Single Family mortgages, construction and commercial mortgages, and portfolio management/analytics experience
-
Post-secondary education (diploma/degree), preferably in business or finance with an MBA or accounting designation
-
Demonstrated leadership skills and strategic thinking
-
Proven ability to thrive in a constantly changing environment and to perform well in a high volume, high intensity environment
-
Proven ability to inspire a team to work toward a set of goals and objectives
-
Highly developed verbal and written communication skills with the ability to communicate to Senior Management in a clear, concise and professional manner
-
Strong understanding of real estate/commercial/asset-based underwriting and valuation techniques, financial statement analysis, secured lending and factors affecting the mortgage market
-
Strong analytical and problem-solving skills
-
Strong organizational and time management skills
-
Ability to handle multiple competing priorities is a must
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