Director, Credit
4 weeks ago
Requisition ID 14929- Posted - Full Time - Credit - Toronto
Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 850 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of our core residential and commercial mortgage lending business, the Company and its affiliates also offer complementary lending services and competitive deposit investment products. Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company.
ERM works to support the development and ongoing execution of strong operational risk management programs across Home Trust and to ensure the Company operates within its risk appetite. The Team provides leadership on all aspects of Home Trust Companyrsquo;s Business Continuity Management program, including policy development, implementation, testing, maintenance and incident response, while fostering a culture of respect, trust and integrity.
Position OverviewAs a critical part of the lending process, while promoting a strong credit risk culture, this position is responsible for exercising sound judgement in the timely adjudication of designated higher risk transactions including large loans; all defined lending exceptions and non-conforming loans for the Residential Mortgage and Retail Lending businesses. A leadership role that provides on-going effective challenge and professional feedback to the first line of defence to ensure adherence with HTC’s risk appetite and credit standards. This position ensures compliance with all aspects of Home Trust Company’s credit policies, guidelines and procedures per delegated credit authority and applicable regulatory requirements (i.e. OSFI Guideline B-20). This position will work closely with the lines of business and Enterprise Risk Management to contribute to the identification of issues or trends, as well as solutions, which could impact overall credit performance, operations and file quality.
Position ResponsibilitiesRisk Management & Compliance, in adhering to applicable compliance obligations, including Privacy, Anti-Money Laundering/Anti-Terrorist Financing and internal Anti-Fraud Policy requirements, must remain the over-arching focus in carrying out one’s responsibilities as outlined below:
Approval/Adjudication & Review of Higher Risk Transactions and Exceptions (80%)
- Operating within delegated credit authority, exercise sound judgement to provide thorough and timely approvals, recommendations or declines on files requiring exception approval or other designated higher risk transactions.
Credit Standard Development and Feedback (10%)
- Provide appropriate levels of direction, coaching, support and follow-up on files under adjudication and review to the Business. Use expert Credit judgement to help identify/propose solutions for the Business on individual transactions. Provide on-going feedback to the Chief Credit Officer regarding underwriting practices and identify opportunities or provide recommendations to adjust Policies, Guidelines or processes. Provide input in the development of Underwriting and Credit Risk training programs. Maintain and update Credit procedures documents.
Reporting & Analysis (10%)
- Complete fulsome rationale/notes for credit decisions on individual files and accurately record data points to link into departmental reporting. Where required, complete departmental reports to the Credit Committee and provide ad hoc analysis on adjudication results and workflow management.
- Bachelor's degree required; Additional Master's degree preferred
- Certification(s)/Designation(s) preferred in related area
Related Experience:
Tier 1 level (higher delegated authority):
•15+ years related experience in financial services lending and/or credit risk with residential mortgage and consumer lending
•Sound knowledge of regulatory environment within financial services industry, particularly Guideline B-20
• Several years of proven expertise in credit adjudication, specifically at an Alt-A lender
• Experience in generating reports and conducting analysis
• Experience in reading and analyzing business financial statements
• Experience in Small Business or Commercial lending/adjudication
• Experience in conducting, reviewing or assessing mortgage
appraisals
• Experience in managing and mentoring a group or department
Tier 2 level (lower delegated authority than Tier 1):
• 10+ years related experience in financial services lending and/or credit risk with residential mortgage and consumer lending
• Sound knowledge of regulatory environment within financial services industry particularly Guideline B-20
• Experience in credit adjudication preferably with an Alt A lender
• Experience in reading business financial statements
- Proactive/ takes initiative/ self starter
- Time management, highly organized
- Communication (verbal and written) - excellent
- Ability to work effectively within established guidelines
- Analytical thinking
- Numerical analysis
- Team player
- Professional maturity- exceptional
- Bilingualism an asset
- Some work beyond standard hours
All employees of Home Capital Group Inc. must comply with all applicable Home Capital Group Inc, Home Trust Company, and specific Line of Business policies, standards, guidelines and controls. Additionally, all employees are obligated to become familiar with Home’s risk management framework and understand the operational risk management requirements within their specific business. Employees are also expected to understand and comply with the Company’s Code of Business Conduct & Ethics Policy at all times and escalate any issues or concerns through various reporting channels (i.e. Ombudsman, Compliance Hotline, Whistleblower Policy, etc).
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