Senior Credit Risk Manager

Toronto Permanent CA$120,000 - CA$130,000
  • Competitive Compensation Package
  • Organization that promotes growth from within

About Our Client

Our client is a bank located in Toronto whose goal is to set new banking trends by challenging the limits of the present banking industry through change and innovation

Our client strives to create an environment in which employees can work in harmony and pride knowing that they are members of an international leading bank

Job Description

  • Analyze and synthesize risk exposures, credit losses, root causes and control gaps to proactively identify risk exposures and control gaps. Present findings and analysis results to the CRO and the Leadership Team as needed
  • Support the Bank's credit risk (loan) portfolio management with the adequate limits and review the credit data adequacy in order to make the portfolio management reporting to the Board accurate
  • Support the CRO and Risk Management Committee (RMC) with actionable insights to make informed, risk-based decisions
  • Prepare and submit reports to the CRO, senior management, RMC, Parent bank, and regulatory bodies as needed
  • Establish and maintain the Bank's Credit Risk Management Framework in accordance to OSFI's Guidelines aligned with the Bank's strategy and other risk management functions
  • Review and monitor the Bank's effective Credit Risk Framework and as well support operational risk management, model risk, third party risk, BCM, fraud risk, KPIs and other risk categories as required or assigned.
  • Review and monitor the Bank's Fraud Risk Management program in alignment with the operational risk management framework
  • Perform an independent review on new initiatives of the Bank as part of change management of the Bank
  • Coordinate and report RCSA, Loss data and KRI on a regular basis
  • Review and monitor the Bank's BCP (Business Contingency Plan) and related measurements such as BIA (Business Impact Analysis), RA (Risk Assessment) and MCA (Mission Critical Activities) on a regular basis.
  • Provide oversight and ensure compliance to Bank's policies and procedures from regulatory requirement
  • Develop and manage KPI process
  • Develop and manage Credit Risk Policy
  • Governance deliverables as assigned by the CRO
  • Enhance and sustain reporting on Credit risk
  • Ensure all action items are closed in timely manner
  • Partner with business stakeholders
  • Support and provide training for subject matter expertise

MPI does not discriminate on the basis of race, religion, sex, sexual orientation, gender identity or expression, age, disability, marital status, or based on an individual's status in any group or class otherwise protected under applicable human rights legislation. MPI encourages applications from minorities, women, the disabled and all other qualified applicants

The Successful Applicant

  • 10-15 years of related experience
  • Understanding of Mortgage and Lending processes
  • Retail Lending, Commercial Lending and Risk Management Background a MUST
  • Policy writing experience and/or Credit risk management policy sponsorship
  • Strong research and communication skills (verbal and written) including presentation skills
  • Demonstrated analytical thinking to solve complex problems
  • Strong time management and ability to handle multiple projects
  • Excellent documentation skills related to policies/guidelines/procedures/manuals
  • Experience in VBA or SQL is also considered an asset
  • Experience in analyzing and providing insights on OSFI and Basel II & III regulations is considered an asset
  • Strong lending experience
  • Data Governance
  • Credit Risk Model development/ownership/validation experience an asset
  • People Management experience
  • CRM, CPA designation or FRM required
  • RESL/Commercial background
  • In pursuit of any risk management related designation, is preferred
  • Language Requirements: English Required, Korean is an asset

What's on Offer

  • Competitive Salary and Compensation Package
  • Opportunity to grow within an organization]
  • Exposure to multinational currencies
Jacob Bulbulia
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