Manager, Credit Risk

Who we are: 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’re certified from Great Place to Work® Canada 2021‑2024 and recognized as one of Canada’s Best Workplaces™ 2022‑2023. We are also thrilled to be recognized on the 2024 Canada’s Most Admired Corporate Culture and 2025 list of Best Workplaces for Women We’re looking for a Manager, Credit Risk to join our Risk team. Job Summary: Reporting to the Senior Manager of Credit Risk, the Manager, Credit Risk oversees and manages credit risk across MCAN’s core business lines. This position is responsible for leading the Credit Risk team in providing independent adjudication oversight, with a primary focus on Construction & Commercial credit transactions and other investments. What you will be responsible for: Review, challenge, advise, and adjudicate Construction & Commercial lending transactions. Assess credit risks and mitigation strategies to ensure MCAN operates within policy and risk appetite limits. Monitor underwriting exceptions and material amendments, recommending enhancements to Frameworks as required based on emerging trends. Analyze credit policies in accordance with regulatory guidelines, make recommendations for approval, and assist in implementation of policy changes. Produce and review reports identifying credit trends at the portfolio level. Prepare quarterly Credit Risk reporting for Board of Directors. Prepare and review regulatory reporting submissions. Provide Credit Risk related challenge and recommendations to business line for new products, services, and initiatives. Qualifications and Work Experience: Business, finance, or math‑related University degree preferred. CFA, CPA or MBA will be an asset. Work Experience: 5+ years relevant work experience in a risk‑related function within the financial services industry. Construction or Commercial Lending experience is a must, preferably in the areas of Commercial Real Estate lending, Construction Financing, and/or Commercial Credit Risk Management. Prior commercial credit adjudication experience is considered an asset. Comprehensive understanding of the Canadian residential real estate/housing market, as well as land use & development entitlement processes are considered an asset. Skills & Abilities: 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. Excellent analytical skills with the ability to synthesize information into key messages. Ability to make sound decisions and suggest appropriate recommendations to senior management. Demonstrated ability to develop trusted collaborative working relationships across multiple stakeholders. Highly focused attention to detail and drive to deliver high‑quality results. Strong knowledge of Microsoft Excel, PowerPoint, and Word. 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. #J-18808-Ljbffr