Financial Standards Manager

2 months ago


Ottawa, Canada EDC Full time

**Posting Date**: Nov 21, 2024, 11:25:37 AM

**Primary Location**: Ontario-Ottawa

**Job Type**: Permanent

**Schedule**: Full-time

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC offers financial products and knowledge to help Canadian businesses confidently enter new markets, reduce financial risk, and grow their business.

When you join our team, you’ll be helping Canadian businesses learn the endless possibilities that open to them through export and help bring their vision, passion, and innovation to the world. Your knowledge and expertise will support more than 25,000 Canadian businesses and their customers in as many as 200 markets worldwide. You’ll work amongst the best and brightest in an inclusive, collaborative environment that fosters professional development and success. And you’ll know that you’re making an impact every day - for businesses, for Canada and for the people you work with.

Are you ready to make an impact? Join EDC, recognized as a Top 100 and Top Family-Friendly Employer, as we take on the risk so Canadian businesses can take on the world. #LI-Hybrid

**Team & Job Overview**

The Credit Risk Services team are the go-to experts in providing timely, counterparty risk-ratings and covenant management services. The group delivers high-quality expertise to our trusted partners across various business lines, through a standardized and consistent approach, enabling EDC’s risk-based decision-making process.

The Financial Standards Manager (FSM) position supports EDC’s credit risk assessment processes by ensuring the integrity and consistency of the classification and interpretation of quantitative and qualitative data related to risk counterparties, in order to provide an independent credit risk assessment and ultimately, a Probability of Default (PD) rating. In addition, a FSM assists in the design of credit risk assessment solutions, contributing to the proper assessment of credit and operational risks at origination and post-commitment.

The FSM conducts all operational activities independently and handles a high volume of files with varying degrees of complexity, adhering to standardized processes while maintaining effectiveness and efficiency. He or she acts as a corporate resource in the areas of accounting, financial analysis, credit risk rating methodologies and PD ratings while employing industry specific knowledge to the credit risk assessment tools.

**Discipline Summary**
- Responsible for generating credit risk ratings (PDs) for various business lines.
- Responsible for adhering to and maintaining Internal Rating Based principles & guidelines, industry best practices, and established internal processes/standards for credit surveillance.
- Researches and reviews external best practices, regulatory requirements, and the organization's risk appetite.
- Participates in the development of scoring, rating and decision models for transactional and portfolio management teams to use in credit granting decision making.

**Key Responsibilities**
- Researches and interprets new accounting standards/guidelines to assess potential impacts on the assessment of the counterparty’s financial statements.
- Conducts appropriate due diligence through review and assessment of counterparty information to form an independent view of the qualitative factors affecting counterparty creditworthiness.
- Provides complex financial analysis to support decision making.
- Develops, reviews, implements and monitors credit risk standards, policies and procedures, with a focus on continuous improvement.
- Ensures the integrity and consistency of quantitative and qualitative data and provides related credit risk assessment, review, monitoring and rating services.
- Acts as a corporate resource in the interpretation and classification of quantitative and qualitative factors and contributes to the development and implementation of methodologies to promote standard business rules in order to better identify and assess credit risk.
- Explains difficult/complex issues and, in a manner that fosters mutual respect, uses tact and diplomacy to persuade others to adopt a point of view.

**Screening Criteria**
- Undergraduate Degree in Business Administration, Accounting, Finance, Commerce or other relevant discipline
- Professional designation such as CPA or CFA (currently enrolled in a program or completed)
- Minimum 2 years’ experience in business, accounting, financial analysis or related experience for the Sr. Associate Financial Standards Manager (i.e.: Credit Risk Analytics 15)
- Minimum 5 years’ experience in business, accounting, financial analysis or related experience for the Financial Standards Manager role (i.e.: Credit Risk Analytics 17)
- Working knowledge of credit risk management principles and practices

**Assets**
- Bilingual in both official languages (French and English)
- Experience in



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