Director, Credit Risk Management

7 months ago

Toronto, Canada Home Trust Company Full time

Company Profile

Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 850 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of our core residential and commercial mortgage lending business, the Company and its affiliates also offer complementary lending services and competitive deposit investment products. Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company.

Enterprise Risk Management (ERM) is mandated to work with management and the Board of Directors of Home Trust Company and its subsidiaries to support superior and sustainable business performance through the independent identification, measurement, monitoring, and reporting of all significant risks of the Company on an enterprise-wide and disaggregated basis.

Position Overview

Reporting to the Chief Credit Officer, the Director, Credit Risk Management supports Home Trust Company in Residential and Commercial credit risk management aspects. Responsibilities include providing consultative risk oversight to the Lines of Business, supporting Home’s strategic priorities within the established Risk Appetite, and the promotion of a risk-aware culture. The incumbent is also responsible for Credit Risk Committee participating and reporting, credit adjudication, and the development of credit policies and mandates, and assisting with business level guidelines.

Position Responsibilities
Actively support and assist in the execution of Home’s strategic priorities, including the establishment, and periodic review of Home’s credit risk appetite for residential, commercial mortgage, and credit card risk.
Partner with lines of business to identify and respond to opportunities; provide appropriate risk oversight and input on new growth strategies/initiatives.
Partner and collaborate with line of business on new residential & commercial mortgages, credit card product development, and other strategic initiatives as applicable.
Assist in the administration and running of the monthly Credit Risk Committee meeting, as required.
Lead, manage and provide oversight of residential and commercial credit policies; review and assess changes to strategic and economic circumstances as well as regulatory and legislation changes, ensure policies align to Home’s strategy and risk appetite and expected/anticipated market practices; update guidelines/policies accordingly.
Lead the annual credit review process for material counterparties, including the investment portfolio holdings; financial institution counterparties; and mortgage insurers. Act as custodian of the Counterparty Credit Risk Management Framework.
Lead monthly reviews of credit rating changes of HTC’s preferred share holdings, major financial institution counterparties, and mortgage insurers.
Contribute to the development of credit adjudication models including the maintenance of Risk Rating Handbooks.
Assist in maintaining relationships with various vendors and government stakeholders (as required).
Promote a risk-aware culture that encourages desired risk outcomes and quality of decision making.
Provide constructive challenge, advice, and guidance on residential, commercial, and card credit risk issues.
Formal Education
Post secondary degree or diploma required (University degree preferred) in Finance, Business or equivalent
Related Experience

**Related Experience**:
Minimum 10+ years of relevant experience in Credit Risk Management or equivalent
Extensive knowledge of residential lending practices and products, with an emphasis of broker originations
Extensive knowledge of commercial mortgage lending practices and products
Sound, practical knowledge of enterprise risk management

**Skills**:
Strong analytical and credit adjudication skills
Good interpersonal skills and ability to consult/partner within all levels of the organization, including senior management
Strong communication skills, especially in writing
Strong organization and time management skills
Hands-on, proactive, detail oriented
Strong team player with the ability to meet strict deadlines
Understands Home Trust Company’s lending criteria and culture
Solid knowledge of MS Office

**Skills**:Position Complexities
Acknowledgement

All employees of Home Trust Company must comply with all applicable Home Trust Company, and specific Line of Business policies, standards, guidelines and controls. Additionally, all employees are obligated to become familiar with Home’s risk management framework and understand the operational risk management requirements within their specific business. Employees are also expected to understand and comply with the Company’s Code of Business Conduct & Ethics Policy at all times and escalate any issues or concerns through various reporting channels (i.e. Ombudsman, Compliance Hotline, Whistleblower Policy, etc).

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