Senior Manager, BES, Portfolio Management
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Job Summary
Join a Challenger
At EQ were 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.
Weve been at this since 1970 challenging the conventions of traditional banking with smarter faster and more connected financial experiences.
Whats 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 youre driven to help reshape how banking works for Canadians and the businesses that power our economy this could be your next big opportunity.
We cant wait to get to know you!
TheSeniorManagerBESPortfolio Management will be a key member of the Commercial Credit team reporting to theDirectorBESPortfolio Management. The incumbent will beresponsiblefor mentoring and providing guidance to team members while ensuring the team operates efficiently andeffectivelyin the prudent underwriting of complex conventional commercialmortgage loans secured by major asset classes in markets throughout Canada. Commercial mortgage loans range in size and up to $5.0 million.
Key responsibilities includeprudent oversight of the BES portfolioensuring credit riskisthoroughlyassessedand within the Banks risk the incumbent is responsible for ensuring that ongoing loan monitoring annual reviews renewals and amendments/modifications are reviewed and assessed within approved guidelines. Along with the BES Portfolio Manager and the Director the Senior Manager will monitor the renewal and annual review pipeline reports manage credit flow and approve or recommend commercial mortgage renewals and annual reviews according to assigned delegation of authority.
In addition the Senior Manager will support the Banks goal of delivering a superior customer experience by proactively addressing issues as they arise while ensuring that team members complete underwriting assignments quickly and efficiently.
Ensurecompliance with the companys established policies and procedures with recommendations submitted for approval to management based on approved delegations of authority.
Review approve orrecommend commercialcredit facilities (i.e. mortgage renewalsannual reviewsassumptions etc.) ensuring thecreditrequest falls within the Companys lending and regulatory requirementsand within the Banks risk appetite.
Be responsible for resolving day to day challenges assessingthe individual staff members training needs and ensure that they are met so that the individualis able toperformtheirjob effectively.
Develop and maintain strong working relationships with Commercial team colleagues as well as our broker partners to provide optimal service to our clients.
Develop implement and maintain production and service metrics to measure and support best-in-class turnaround times on completion of portfolio underwriting/renewals/annual reviews with a goal of exceeding customer service accountability and transparency targets.
Promote organic growth within the business in order to target the retention objective of BES maturities.
Ensure that credit risk is thoroughly assessed and within the Banks risk appetite and the General Investment and Lending Policy by targeting the minimum completion ratio and timeline thresholds on annual reviews.
Support in the timely completion of regular reporting for senior levels of management including but not limited toMaturity Reporting Annual Review Reporting Commercial Dashboard KPI/KRIetc
Monitor pipelineworkflowto ensure production and service metrics are met within prescribed timelines.
Provide valuable timely feedback on team member performance to management.
The incumbent is responsible for the management organization training and evaluation of any contract employees interns LDP Associates and job shadowing employees that are assigned to the department.
Ensure Compliance and QA audits arereviewed in a timely manner compile underwriter feedback ondeficiencies submit for the Director to review and record final results on the audit tracker.
Assist in department projects or company initiatives where needed
Strong leadership and coaching skills.
Post-secondary education (diploma/degree) in business or finance MBA/CFA preferred.
Have a minimum of7years of experience in commercial real estate lendingwith a minimum of 2 years of management experience.
Highly developed verbal and written communication skills with the ability to communicate to Senior ManagementPartnersand Borrowersin a clear concise and professional manner.
Proven ability to inspire a team to work toward a set of goals and objectives.
Soundtechnical knowledge of commercial lending financial statement analysis and factors affecting the Canadian commercial lending environment.
Possess adetailedunderstanding of macro factors affecting the commercial real estate industry with an ability to understand anticipate and react accordingly to changing factors.
Detail-oriented individual who possesses a high level of integrity.
Demonstrated service excellence withintheir field.
In-depthknowledge of AML/ATF regulations and Corporate/Legal documentation for commercial real estate in multiple jurisdictions across Canada.
Proven ability to thrive in a constantly changing environment and to perform well in a high volume high intensity environment.
Effective analytical and problem solving skills.
Strong organizational and time management skills.
Ability to handle multiple competing priorities.
Proficient in MS Office.
Equity Diversity & Inclusion
EQ is committed to building an inclusive accessible environment where every employee feels valued respected and supported. We believe our organization is stronger and our people thrive when we honour and celebrate diverse experiences identities and perspectives. Were equally committed to supporting your growth both professionally and personally.
We provide a barrierfree recruitment process and work environment. If you require accommodations at any stage we will work with you to ensure you can bring your best self to the process and beyond.
As part of our recruitment process EQ uses AI to help screen assess and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.
EQB Inc. (TSX: EQB) is the parent company of Equitable Bank the countrys seventh-largest Schedule I bank by assets which operates EQ Bank Canadas Challenger Bank. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.
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Required Experience:
Senior Manager
About Company
At Equitable Bank, we specialize in providing branchless financial services that meet the unique needs of all Canadians. Our range of mortgages, savings accounts and investment options are designed to offer the right solutions to match any unique circumstance.
