Director Financial Risk Management

3 weeks ago


Toronto, Ontario, Canada Robert Walters Full time

Our client is an international bank and a key player in the global financial industry.
With a strong presence in multiple countries, they provide a wide range of banking services including corporate banking, investment banking, wealth management, and retail banking. Committed to excellence, innovation, and integrity, they strive to deliver exceptional financial solutions to their clients while maintaining the highest standards of risk management.

Job Description: As the Director of Portfolio Credit Risk based in Toronto, you will be responsible for overseeing the credit risk management function for our bank's portfolio in the Canadian market. Working closely with global stakeholders, you will gorw and lead a team of credit risk professionals and ensure effective credit risk management practices are implemented and maintained in accordance with regulatory requirements and internal policies.

Key Responsibilities:

  1. Portfolio Risk Management: Develop and implement strategies for monitoring and managing credit risk within the bank's portfolio in the Canadian market, including corporate, commercial, and retail lending.
  2. Credit Policy and Procedures: Review and enhance credit policies, procedures, and underwriting standards to ensure alignment with regulatory requirements and industry best practices in Canada.
  3. Credit Analysis and Due Diligence: Oversee the credit analysis process for Canadian clients, including conducting thorough due diligence on new credit proposals, reviewing credit documentation, and assessing creditworthiness.
  4. Portfolio Monitoring and Reporting: Establish robust monitoring mechanisms to track credit exposures, identify emerging risks, and provide regular reports on portfolio performance to senior management and relevant stakeholders.
  5. Risk Assessment and Stress Testing: Conduct periodic risk assessments and stress tests to evaluate the impact of adverse scenarios on the Canadian credit portfolio and recommend appropriate risk mitigation strategies.
  6. Regulatory Compliance: Ensure compliance with Canadian regulatory guidelines and requirements related to credit risk management, as well as adherence to global standards set by the bank.
  7. Team Leadership and Development: Lead and mentor a team of credit risk professionals based in Toronto, providing guidance, training, and performance feedback to foster a high-performing and collaborative work environment.
  8. Stakeholder Engagement: Collaborate closely with global and regional stakeholders, including business units, risk management teams, and external auditors, to address credit risk-related issues and drive effective risk management practices.

Qualifications:

  • Bachelor's degree in Finance, Economics, Risk Management, or related field; advanced degree (e.g., MBA, CFA) preferred.
  • Extensive experience (minimum 10 years) in credit risk management within the banking industry, with a focus on portfolio risk management in the Canadian market.
  • Strong understanding of Canadian regulatory requirements and frameworks governing credit risk management.
  • Proven leadership skills with experience in managing and developing teams of risk professionals.
  • Excellent communication and interpersonal skills, with the ability to effectively engage and influence stakeholders at all levels of the organization.
  • Analytical mindset with the ability to think strategically and make data-driven decisions.


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