Senior Manager, Credit Risk
1 month ago
At MCAN, we are most proud of the team we have built and our team member experience. Our people are our best assets and are made up of respected industry innovators, influencers, and big thinkers. We do things differently than other lenders. Our business isn’t selling mortgages, it’s building relationships.
The #MCANLIFE is shaped around a culture of customer-centricity for both internal and external clients and powered by genuine collaboration. We are a home for talented professionals seeking a more connected career and one that allows them to use more of their skills.
#MCANLIFE means you can connect, discover, and grow.
We are certified from Great Place to Work Canada 2021-2023 and recognized as one of Canada’s Best Workplaces 2022-2023. We are also thrilled to be recognized on the 2024 list of Best Workplaces for Women
We’re looking for a Senior Manager, Credit Risk to join MCAN’s Risk Management team.
Job Summary:
Reporting to the Director, Credit Risk, the Senior Manager, Credit Risk is primarily responsible for assessing, monitoring, and managing the level of credit risk within MCAN’s Construction & Commercial portfolio via credit analysis and adjudication. The Senior Manager will be engaged in other departmental activities, such as policy/procedures management and reporting. The individual may have delegated approval authorities for Construction & Commercial Lending, Residential Lending, and Equity investment transactions.
Responsibilities:
- Assess credit risks and mitigation strategies to ensure MCAN operates within policy and risk appetite limits.
- Ensure sound credit control by taking a pro-active approach to MCAN’s overall portfolio management.
- Recommend to the Director, Credit Risk and/or the Credit Committee the approval/decline of escalated commercial mortgage requests and investment opportunities.
- Analyze credit policies in accordance with the regulatory guidelines, make recommendations for approval, and operationalize policy changes.
- Produce and review reports identifying credit trends at the portfolio level and present findings to an Executive-level committee.
- Monitor underwriting policy Exceptions and recommend enhancements to Exception Frameworks as required based on emerging trends.
- Provide oversight to quarterly Credit Risk reporting for Board of Directors.
- Review of Regulatory reporting submissions.
- Support the independent review and ongoing validation of risk rating models.
- Provide Credit Risk-related constructive challenge to business line recommendations for new products, services and initiatives.
- Assist in timely and effective preparation for any Credit Risk-related internal or external audits.
- Prepare training sessions as required to further promote MCAN’s Risk Culture across the enterprise.
- Keep apprised of industry trends and emerging risks in the Canadian real estate sector.
- Support the professional development within and outside of the Credit Risk team.
- Communicate MCAN’s credit risk appetite enterprise-wide and promote a strong Risk Culture with firm-wide accountability for identifying and managing risks.
Qualifications and Work Experience:
- Business, finance, or math-related University degree preferred or an equivalent blend with a minimum of 8+ years relevant work experience within financial services industry.
- Commercial Lending experience is a must, preferably in the areas of Commercial Real Estate lending and/or Commercial Credit Risk Management.
- Experience with underwriting and adjudication commercial loans is required.
- Demonstrated experience with preparing and presenting materials to an Executive-level audience.
- Credit Risk/Commercial Account Management experience in other commercial diversified industries would be an asset.
- Post Graduate education (CPA, CFA, MBA) would be an asset.
Skills & Abilities:
- Proven leadership, strategic-thinking skills and critical-thinking skills.
- Well-developed writing skills sufficient to precisely articulate ideas that involve interpretation, analysis and assessment of complex conceptual subjects.
- Strong verbal communication and presentation skills.
- Ability to evaluate risks, make sound decisions, and effectively support those recommendations to an Executive-level committee.
- Demonstrated ability to develop trusted collaborative working relationships across multiple stakeholders.
- Highly focused attention to detail and drive to deliver high-quality results.
- Ability to effectively manage and develop a team.
The above information in this description has been designed to indicate the general nature and level of work performed by employees in the position. It is not designated to contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
We believe great work and collaboration can happen anywhere, which is why we are a permanent hybrid work environment We equip our team with great technology and empower them to deliver their best results.
We are dedicated to building an organization that reflects the diversity of our clients and the communities we serve across Canada. Do you possess and value the same attributes?
Are you interested in your own development? Then come join our team
Requests for accommodation can be made at any stage in the recruitment process.
We thank all applicants for their interest but only those selected for further consideration will be contacted.
MCAN is committed to providing accommodation to applicants throughout the job application and interview process to the point of undue hardship. If you require any accommodations, please contact our Human Resources team at hr@mcanfinancial.com.
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