Director, Credit Risk Oversight (ID:3061)

Position Id
3061
Location
North York ON
Job Type
Full-Time Regular

The Client
The client is a top financial institution with significant North American holdings. They have operations across most major verticals, including institutional & corporate, wealth management, private client, commercial banking, treasury, and retail banking.

Overview:

The Senior Manager, Credit Risk Management, is responsible for providing sustainable business performance through independent identification, measurement, monitoring and reporting on credit risks of the Bank.

What you will achieve in this role:

  • Develop and maintain the Credit Risk Appetite Statement and related Board and management limits
  • Monitor the credit risk profile of the Bank in relation to the risk appetite and established limits; escalate any breaches as appropriate
  • Design, implement and maintain the Credit Risk Management Framework and Expected Credit Loss Policy
  • Collaborate with the Credit Department on the implementation of the Credit Risk Framework, including the management of portfolio limits, lending exceptions, independent challenges of credit policies and independent validation/vetting of credit models
  • Lead the management of Expected Credit Losses (ECL) for the Bank under IFRS 9, including domestic ownership of the ECL model, analysis of results generated, model calibration and effectiveness assessment
  • Lead domestic efforts to determine any required adjustments to reflect Canadian macroeconomic factors, and stress testing over such factors
  • Conduct stress testing of credit related risks for risk measurement and capital adequacy assessment purposes
  • Monitor and report on credit portfolio including monitoring of credit quality and identification of key and emerging risks
  • Prepare and present reports to the Risk Management Committee/Board on credit oversight activities and related results
  • Design, implement and maintain an effective loan review program that measures the quality of underwriting, assesses the effectiveness of risk ratings on individual loans, and provide pragmatic recommendations for improvements to the loan origination and management process
  • Provide oversight to the preparation and presentation of reporting on loan review results to the Loan Review Committee
  • Oversee the development of Loan Review Officers and Credit Risk Oversight staff, including objective setting, coaching and performance management
  • Build and maintain effective working relationships with other members of the Risk Management Department, members of the Credit teams and other senior management, parent bank personnel, OSFI, external auditors, and members of the Board of Directors
  • Monitor industry developments and regulatory changes for emerging risks and changes that may need to be applied to credit processes; escalate any related issues to the appropriate departments and the CRO
  • Other relevant duties as assigned

What you will bring to this role:

  • University degree in Business, Mathematics or Economics
  • 10+ years of experience in a Credit Risk Management role within a Canadian federally regulated financial institution
  • Financial Risk Management (FRM) designation strongly preferred
  • Strong understanding of credit underwriting, management of a retail and commercial lending portfolio (including related Canadian regulatory requirements)
  • Strong experience working with credit related models, including risk rating models and expected credit loss models in an IFRS 9 environment; ability to use statistical analysis software in measuring and monitoring risks
  • Experience creating and executing credit scenario analysis and stress testing
  • Strong analytical skills, including conceptual thinking and excellent problem-solving skills
  • Previous people management experience (coaching, developing and overseeing staff); ability to develop and maintain a collaborative work environment for staff and colleagues
  • Strong verbal and written communication skills; ability to synthesize and present complex concepts in a clear and concise manner to upper management/Board
  • Korean written and verbal skills is an asset, but not required

Only those who are qualified will be contacted

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