Director, Credit Risk
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Monthly Salary:
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Join a Challenger
Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.
Our company continues to grow and today we serve more than 800000 customers acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$142 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
The Director Credit Risk reports to the Vice President Credit Risk and supports Senior Management with respect to all aspects of credit risk management in the Bank. The Director 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 credit adjudication governance strategic initiatives and managing key internal relationships enterprise-wide to champion risk and credit culture at the Bank.
Credit Adjudication
- Approve Commercial loan extensions renewals and annual reviews in accordance with Delegated Lending Authorities
- Recommend for approval and escalate transactions and exceptions above the Directors lending authorities as necessary to the Senior Director Credit Risk Management the VP & Chief Credit Officer or the SVP & Chief Risk Officer.
Credit Risk Governance
- 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
- 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
- Liaise and maintain strong relationships with the credit functions across the business lines to ensure that credit policies are adhered to in the organization
- Monitor exception frameworks in the business lines and escalate relevant trends and insights
- Support the development of responses to recommendations/requests from OSFI and Internal Audit
- Support the VP & CCO and Quality Assurance leaders in ongoing and continuous improvement initiatives to generate operational efficiencies
New Products and Initiatives
- Support with credit risk input to the development and ongoing maintenance of the Advanced Internal Ratings Based Risk Rating systems
- Ensure proposed products are in alignment with the banks credit risk appetite as articulated in credit policies and procedures and that satisfactory risk mitigation strategies have been discussed and documented
- Support the Risk team by identifying elements and/or issues during product development that require ERM or Compliance oversight
Lets Talk About You!
- Have a minimum of 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 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 the Board of Directors in a clear concise and professional manner
- Deep understanding of real estate/commercial/asset-based underwriting and valuation techniques determination and capitalization of NOI (Net operating Income) 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
What we offer For full-time permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Professional development and comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 2200-25 Ontario Street Toronto ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
Director
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.
