Vice President, Commercial Credit Risk Management
3 weeks ago
No matter whether a customer Owner or employee Owner, everything we do at Libro is about helping people prosper. Epic Humans who are ready to offer the best possible advice, coaching and service, when and how our Owners need it.
Libro is a progressive employer who invests heavily in the development and career ambitions of our staff . Our hiring philosophy is focused finding candidates who carry a positive attitude, a desire to learn, and a passion for helping our staff and Owners (customers) grow financial confidence . We commit to teaching and supporting you as you learn the skills you need.
As we continue to grow progressively, Libro is on a mission to find a passionately accountable VP Credit at our London Administration office.
Reporting to the Chief Risk Officer, the VP Credit provides overall leadership to establishing credit risk management governance frameworks and standards. This entails the responsibility to review and approve/recommend credit transactions within the assigned delegated lending authority (DLA) in line with the credit union’s enterprise strategy, and Risk Appetite. This role is responsible to monitor and analyze portfolio quality, including the watch list and non-performing accounts. This role also oversees the compliance with credit risk regulation, industry concentration limits and other monitoring limits, caps and matrices and reports any emerging risks to the relevant risk committees within the credit union’s risk governance framework. It also develops and maintains credit risk policies within the credit risk appetite of the Credit Union.
Agile, Bold, Inspiring, One Team, Accountable, member-centric
Ensure the strategic direction for credit risk management practices is within the risk tolerances and growth objectives established by the Board and the Executive Leadership Team (ELT).
Identify, develop, maintain and amend credit risk corporate policies, procedures and processes required to effectively adjudicate enterprise credit exposure within the credit risk appetite.
Work with business units to enable implementation of business strategies and to optimize the growth and return opportunities available within company risk tolerances.
Participate in the assessment of new business line opportunities and initiatives to oversee the analysis of credit risk factors and recommend structure required to maintain the Company’s credit risk standards.
Oversee the quality of the credit portfolio within the risk appetite.
Recommend applications transactions for credit committee’s approval based on an analysis of broad and specific credit risk issues, policy compliance issues and adherence to strategic initiatives.
Responsible for the credibility and reliability of the borrower risk rating models.
Work with the Business to ensure appropriate training is in place for front office lenders.
Opine on the level of credit limits delegated to first line business unit staff as part of the DLA sign off process.
Monitor effectiveness of lending process by conducting post approval reviews and adjusting processes and recommending changes to policies as required.
Oversee, monitor and report on the quality of the credit portfolio as measured by key risk performance indicators within the credit risk appetite.
Review and provide input on industry reviews and recommend industry concentration limits as it applies to the credit performance and quality of the portfolio.
~Ensure appropriate management of the loan portfolio and adequacy of specific loan loss provisioning.
~ Provide guidance to special account management unit on the management of problem loans by providing input on strategies to reduce risk of loss and determine appropriate work out strategy and provisions.
~ Assess specific loss anticipated on impaired accounts utilizing input of business units, experienced judgment and methodology established by regulators.
~ Report on credit risk condition of the credit portfolio, including emerging risks and significant events and the portfolio strategy, including:
~ Portfolio quality, trends, diversification, NPL and delinquency rates, single name exposures and adherence to regulatory/ internal credit risk monitoring caps and matrices.
~ Status and management of the monitored and non-productive loans along with assessment of the appropriateness of specific reserves in place.
Technical Knowledge and Competencies:
Advanced knowledge and experience with all aspects of credit including commercial term loans, operating loans, commercial real estate loans, commercial leases and residential mortgages and retail credit.
Comprehensive understanding of enterprise-wide strategic credit policy development.
Comprehensive understanding of financial analysis required as part of the credit risk assessment process.
Advanced knowledge of industry lending practices and credit risk regulatory requirements.
Advanced knowledge and experience in management of loan workouts, loan recovery, distressed asset valuations and bankruptcy/insolvency regulations and processes.
Comprehensive ability to plan, develop, prioritize and implement credit plans.
Do you have an undergraduate degree in finance, business administration or commerce?
Do you have 10 years’ senior level commercial experience in credit risk management, policy development, credit analysis and deal structuring?
Do you have experience in commercial lending, real estate lending, leasing, residential mortgage lending, retail credit, loan recovery and bankruptcy/insolvency processes?
Competitive salaries and employee pension plans
Staff accounts and staff rates on products and services
If you're passionate about helping your community, interested in being part of a remarkable team, and want to help grow prosperity in Southwestern Ontario - we want to hear from you
With a purpose beyond profit, Libro Credit Union is proud to be a Certified B Corporation, joining leaders of a global movement of people using business as a force for good. Libro pursues its purpose through four key pillars – employment, financial resilience, local food accessibility, and housing.
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