Director, Commercial Monitoring, Control and Analytics

4 days ago


Old Toronto, Canada Equitable Group Full time
p>Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Work

The Associate Director, Commercial Monitoring, Control and Analytics will be responsible for developing, deploying, and maintaining governance policies, credit processes, analytics, and training for the different teams across the Bank’s Commercial department. This includes the review and analysis of applicable regulatory framework and enterprise policy to ensure that adequate controls and procedures are in place. As such, this role requires close collaboration with other departments within Equitable Bank. p>

The Associate Director will support the Managing Director, Commercial Monitoring, Control and Analytics, as well as the VP, Commercial Lending on a variety of projects aimed at increasing efficiency while ensuring all critical functions meet the Bank’s regulatory requirements and align with the Bank’s policies & procedures and risk appetite. These projects often involve cross-functional teams and contribute to the overall strategy and direction of the Bank. The Associate Director will be expected to act independently as the business lead for certain initiatives, managing internal stakeholders to drive execution and obtain results in a timely manner.

The core parts of your role would be to:

  • Drive collaboration within the Commercial department to review and update the Commercial department’s policies and procedures.
  • Support regression analysis of Commercial policy and procedure concerning regulatory changes and updated enterprise policy and procedures.
  • Provide direction to Senior Management within the Commercial department to ensure that adequate controls and procedures are in place and are strictly adhered to by communicating updates in the Bank’s policies and procedures.
  • Research, provide analysis, and interpret applicable policies and procedures and legislation to share guidance with appropriate stakeholders within the Commercial department in a concise and relevant manner.
  • Oversee credit initiatives to support the growth and optimization of the Commercial portfolio while maintaining compliance with the Bank’s policies & procedures and risk appetite.
  • Drive collaboration within Senior Management in the Commercial department to identify needs and develop scalable solutions to increase efficiencies, enhance customer experience, and limit operational/regulatory risks.
  • Support the Senior Director, Commercial Operations and Analytics by drafting, implementing, and maintaining reports and tools for the Commercial department, contract negotiation, and assisting with Ad Hoc requests as needed.
  • Support the monitoring of the Commercial Department by assisting with the creation and maintenance of Commercial Reporting.
  • Regularly review, develop and distribute to the Commercial department an effective and ongoing training program related to the Bank’s and the Commercial department’s policies and procedures.
  • Support Senior Management by providing guidance and training to commercial partners on the Bank’s requirements.
  • Minimum of 8 years’ experience in commercial real estate.
  • Knowledge of banking regulations (i.e., CAR, PIPEDA, Bank Act, AML, etc.).
  • Experience with drafting policy, procedures, standards, and other related documents, and facilitating effective training to staff.
  • Ability to translate legislative/regulatory requirements into policy/procedure.
  • Experience working with Project Management teams and implementing project initiatives.
  • Strong interpersonal, relationship-building, and negotiation skills.
  • Strong organizational and time management skills with the ability to handle competing priorities.
  • French language proficiency is an asset.

Job Complexities / Thinking Challenges

  • The incumbent must have a strong risk background with sufficient experience in commercial lending to successfully support the Bank’s Commercial department. The incumbent must champion governance as a strategic discipline as they will be required to understand and provide guidance on corporate policies, procedures, and regulatory requirements.
  • The ideal candidate will need to demonstrate the ability to adapt to constantly changing regulatory and compliance environments and possess the analytical mind capable of managing numerous information sources, making decisions, and providing analysis reports to senior management. li>
  • Excellent organization and communication skills are mandatory as the incumbent will be required to work on multiple projects, dealing with multiple stakeholders and teams, and performing under pressure and within tight time constraints.

#LI-Hybrid

What we offer [For full-time permanent roles]

Competitive discretionary bonus

Market leading RRSP match program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up while you care for your little one

Generous vacation policy and personal days

Virtual events to connect with your fellow colleagues

Annual professional development allowance and a comprehensive Career Development program

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in-office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion.



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