Senior Manager, Credit Policy & Risk Management

Location

North York, ON | Canada

Job description

Senior Manager, Credit Policy & Risk Management

JOB SUMMARY

The Senior Manager is responsible for developing, documenting, and maintaining the Credit Policies and Guidelines ("P&G") of Our Global Banking Client ("the Bank"). The P&G should be clear, concise, compliant, and conducive to sound lending practices. The incumbent plays a pivotal role in managing Credit Risk through the well-articulated P&G of the Bank. In addition, the incumbent will be involved in other Credit Risk Management activities such as Risk Reporting and Credit Quality Review, etc.

RESPONSIBILITIES AND DUTIES

1. Policy Development: Create, review, and revise credit policies in accordance with the Bank’s strategic goals and objectives, risk tolerance, and regulatory requirements for facilitating sound lending practices and mitigating credit risk.

2. Guidelines Documentation: Develop detailed credit guidelines that outline the systematic processes for credit underwriting, credit evaluation, credit adjudication & approval, account monitoring, etc. Define clear underwriting criteria for evaluating creditworthiness of borrowers. Outline the hierarchy of authority for credit approvals, including the types of decisions that require approval at different levels.

3. Regulatory Compliance: Ensure that all credit policies and guidelines adhere to regulatory and industry standards.

4. Risk Assessment: Ensure the Policies and Guidelines adequately address potential credit risks associated with the Bank’s lending activities.

5. Credit Quality Review and Monitoring: Establish protocols for ongoing credit monitoring and quality reviews.

6. Reporting Requirements: Develop reporting mechanisms to track and communicate the performance of the credit portfolio to senior management and the Board.

7. Training and Communication: Effectively communicate changes in credit policies and guidelines to relevant stakeholders within the organization, provide training and guidance to employees involved in credit decisions, and ensure that they understand and adhere to the policies and guidelines.

8. Continuous Improvement: Regularly review and update credit policies and guidelines to adapt to changing market conditions/economic environment, emerging risks, and regulatory changes.

Credit Quality Reviews & Other Credit Risk Management Activities:

• Perform review of Credit Quality, i.e., quality of underwriting, adjudication, adherence to P&Ps, RAF, etc.

• Assist in maintaining, updating, or revising other risk-related policies and guidelines (Credit Risk Framework, RAF, ECL policy, etc.).

• Support in preparing quarterly Risk Reports for Senior Management/Board reporting.

• Participate in knowledge transfer within the team as well as business units and provide appropriate training.

SKILLS

• Strong interpersonal and communication skills.

• Ability to work independently or collaboratively as part of a team.

• Ability to manage and take ownership of numerous projects simultaneously.

• Strong knowledge of Excel and other analysis tools and/or programs.

QUALIFICATIONS

• Bachelor’s Degree in Finance, Economics, Business, or related field.

• Relevant professional certifications, designations, or equivalent education is preferred.

• At least three to five years of work experience in credit risk management or a related role.

• In-depth knowledge of credit risk analysis, lending principles, and regulatory expectations.

• Excellent writing and communication skills.

• Detail-oriented with strong analytical and problem-solving skills.

• Familiarity with credit scoring models and relevant software tools for documentation and data analysis is a plus.

#LI-AA2

@@j

CASE6580

Job tags

Salary