Job Description

Department: Dealer Services Level: Director Location: Oakville or Toronto would be preferred but open to other candidates based across Canada Type: Permanent Working Conditions: Working from Home choice to work from office attendance for Key Moments

The Credit Risk Officer will ensure integrated and continuous risk management using structured and consistent processes to identify assess manage and control risks and their impact on
activities and results. They will evaluate the sectors risk profile and confirm adherence to required risk appetite and tolerance.

The successful candidate will be responsible for objectively monitoring Credit Risk portfolios and ensuring application adherence and efficacy of the risk management framework. They are
responsible for monitoring emerging risks and ensuring that they are considered in the sectors strategic decisions. The Credit Risk Officer is part of the first line of defense responsible (i.e. first
line of defense 1B) for the oversight of lending strategies decisions for risk oversight of models and for developing and monitoring key risk indicators with the credit portfolio of IAAF and will be
designated as Business Risk Officer. This role will report to the Senior Director Risk Management and Compliance of IA Dealer Services and IA Auto Finance

Main Responsibilities:

• Provide the effective challenge of Expected Credit Losses (ECL) Model to ensure adequate provisioning with respect to IFRS9 with the Modeling Director and other functions in IAAF and aligned with the Group Risk Management and Compliance.

• Develop monitor and update key risk indicators (eg: such as Value at Risk) to measure the risk profile and provide a comprehensive and holistic view of risk across the sector to support decisionmaking.

• Coordinate the work required by the Group Risk Management and Compliance team with sales pricing modeling and other functions within the sector and successfully implement new initiatives developed by the team. Elaborate and produce regular reporting to Group Risk Management and Compliance.

• Conducting risk assessments including financial analysis industry research and market trends to identify emerging risks and opportunities within the credit lifecycle process (eg: Credit underwriting and adjudication) and work with the Modeling Director and teams to implement the appropriate risk mitigation.

• Serve in an advisory capacity and in accordance with the accountability and monitoring protocols agreed upon with Group Risk Management and Compliance for the IAAF Management Team activities.

• In their role as Credit Risk Officer and first line of defense 1B participate in executive committee meetings and sector governance meetings to obtain and communicate the information required to fulfil their role and responsibilities within the sector.

Ideal Background:

• Minimum 10 years of experience in finance including at least 7 years in a credit risk management position.

• Bachelors degree in a related field such as finance accounting actuarial or any relevant field.

• Hold a professional certification such as a CPA FSA FICA FCAS CFA or FRM

• Knowledge and experience with legal procedures and working with credit collection agencies;

• Strong understanding of the regulatory environment of the financial services industry in Canada such as three lines of defenses.

• Excellent analytical skills

• Strong written and verbal communication skills.

What would be an Asset

• An MBA

• Advanced level in French both written and spoken would be considered an asset

• Knowledge and experience in the automotive industry

• Experience and knowledge of the subprime industry

Compensation

Thetypical hiring range for this position is from $110000 and $140000 annually; the base pay offered is based on location and may vary depending on skills jobrelated knowledge experience and internal equity. All permanent employees of iA are also entitled to an annual bonus.

Company

Posting End Date

About us

iA American Warranty LP American Amicable Group of Companies iA American Life Insurance Company and Industrial Alliance Portfolio Management LLC are all part of iA Financial Group one of the largest insurance and wealth management groups in North America. In the last few years iA American has been thoughtfully built by iA Financial Group through the acquisition of several US based entities. Our suite of products and services includes automotive protection packages reinsurance options dealer support directtoconsumer products inhouse administration life insurance progressive special markets and more!

iA Financial Group is the fourth largest life and health insurance company in Canada and offers a wide range of products for all stages of life and to meet the needs of clients across its vast sales network. Founded in 1892 iA Financial Groups stability and solidity make it an employer of choice that invests in its employees and their development over the long term. Our CEO Denis Ricard won #1 Insurance CEO in Canada from Glassdoor!

Our Commitment to Diversity and Inclusion

Our differences make us unique and even stronger. Thats why at iA Financial Group we are committed to supporting and celebrating diversity. We are continually building a team that is as diverse as the people and communities we serve. By combining our different ways of seeing and experiencing the world we will always be stronger than the sum of our parts! To learn more click here.