Manager, Commercial Credit

1 week ago

Toronto, Canada Alterna Full time

**Scope of Position**

Under the direction of the Director, Enterprise Risk, the Manager, Commercial Credit and Enterprise Risk manages the credit risk program for the commercial arm of Alterna Savings and its subsidiary, Alterna Bank. The Manager, Commercial Credit and Enterprise Risk also develops, recommends changes and maintains Board and management policies for Commercial Credit.

The Manager, Commercial Credit and Enterprise Risk provides leadership and guidance to achieve a balanced approach in assessing and managing commercial credit risk within Alterna and ensuring effective use of Alterna’s resources. The incumbent also provides related advice and/or coaching to commercial lenders and management of the real estate, small and medium business, agricultural, and micro-finance lending areas.

In partnership with Commercial Services management, the Manager, Commercial Credit and Enterprise Risk monitors lender compliance with policies and procedures through the Credit Assessment process and recommends actions to be taken to improve compliance levels as required. This position has a major impact on the achievement of corporate commercial lending quality objectives as well as the organization’s ability to profitably grow its credit portfolio.

**Major Responsibilities**
- Supports in the execution of the Enterprise Risk Management program.
- Maintains a high and strong level of understanding of Alterna’s business model and structure
- Provides an effective challenge role as the second line of defence within Alterna through the ERM program.
- Creates, develops and maintains ERM policies, procedures, and practices related to commercial credit risk through ongoing industry research, interpretation and implementation of regulatory requirements.
- Develops guidelines to evaluate disbursed loans and mortgages in the achievement of commercial lending quality objectives through a Credit Assessment process.
- Maintains, ensures effective execution and enhances the commercial credit assessment process, criteria and parameters for success, to increase productivity while managing risk within the Risk Appetite Framework.
- Assesses and monitors risks and exposures against the Risk Appetite Framework and policies.
- Performs continuous monitoring of the RAF risk limits, and generates reporting for the Senior Management and Board Committees.
- Conducts an annual review of commercial credit authorities: reviews requests and provides recommendations to the Credit Risk Management Committee (CRMC) for granting, amending and revoking authorities.
- Develops and evaluates policies to adhere to the applicable regulatory requirements for both Alterna Savings and Alterna Bank as required by the Executive Leadership Team, the Credit Risk Management Committee, or external regulators.
- Evaluates appropriateness and effectiveness of the internal commercial credit risk rating models and other key lending tools on a periodic basis.
- Monitors commercial credit portfolio risk indicators, trends and migration, including adherence to policy limits, to ultimately generate an outlook on expected losses and provide guidance in portfolio review and strategy, as required.
- Assesses the adequacy of the internal control environment and work with business units to improve controls and risk management frameworks as appropriate.
- Contributes to Risk Management Department’s projects and initiatives, as needed.
- Acts in an advisory capacity with the Commercial Services and Finance teams in the determination of specific account expected losses, as required.
- In conjunction with the Corporate Secretary, develops and maintains a process for the adjudication and approval of restricted party commercial loans; reviews and recommends approval of restricted party commercial loans to the President & CEO.
- Responsible for commercial credit due diligence related to partnership opportunities such as mergers and acquisitions.
- Collaborate with the Credit Operations, Business Management Office, Collections, Branch units, Audit, Organizational Development and Marketing departments to initiate activities which manage the risk and credit quality of the commercial credit portfolio within tolerable levels.
- Monitors market conditions, to identify and assess emerging issues and potential impacts to or opportunities for the commercial credit portfolio.
- Oversees the production and coordination of (1) the quarterly commercial credit risk report and (2) the periodic commercial watch list, to the CRMC for both Alterna Bank and Alterna Savings.
- Maintains the stress testing policy and executes the periodic stress testing program.
- Plays an advisory role on the introduction and enhancement of new commercial credit lines of business (digital small business, emerging markets, etc.).
- Maintains contact with peers in the industry to share best practices.
- Supporting the Director, Enterprise Risk Management in other tasks as required.

**Expectations / Outco

  • Manager, Commercial Credit

    Found in: Talent CA C2 - 1 week ago

    Toronto, Canada Alterna Savings Full time

    Scope of Position Under the direction of the Director, Enterprise Risk, the Manager, Commercial Credit and Enterprise Risk manages the credit risk program for the commercial arm of Alterna Savings and its subsidiary, Alterna Bank. The Manager, Commercial Credit and Enterprise Risk also develops, recommends changes and maintains Board and management...

  • Manager Commercial Credit Centre

    5 days ago

    Toronto, Canada TD Bank Full time

    **TD Description** Stay current and competitive. Carve out a career for yourself. Grow with us. **Department Overview** - The Business Banking Divisional Office supports Business Bankers in the pursuit of The Quest. Divisional Office includes Operations, Product, Customer & Employee Engagement Strategy, Architecture, as well as Data Governance and...

  • Manager, Commercial Credit

    Found in: Jooble CA O C2 - 2 weeks ago

    Toronto, ON, Canada EQ Bank | Equitable Bank Full time

    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...

  • Commercial Credit Underwriter –

    4 days ago

    Toronto, Canada Bank of America Full time

    Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is...

  • Commercial Credit Officer

    4 days ago

    Toronto, Canada Bank of America Full time

    Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is...

  • Commercial Credit Advisor, Credit Advisory Group

    2 hours ago

    Toronto, Canada Royal Bank of Canada Full time

    **Come Work with Us!** At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose. Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work...

  • Commercial Credit Advisor

    5 days ago

    Toronto, Canada Royal Bank of Canada Full time

    **Come Work with Us!** At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose. Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work...

  • Director, Commercial Credit Risk

    Found in: Jooble CA O C2 - 2 weeks ago

    Toronto, ON, Canada Canadian Imperial Bank of Commerce Full time

    Director, Commercial Credit Risk page is loaded Director, Commercial Credit Risk Apply locations Toronto, ON time type Full time posted on Posted 2 Days Ago job requisition id 2409160 We’re building a relationship-oriented bank for the modern world. The Real Estate Credit Risk Management team of professionals offer expertise in the adjudication and...

  • Director Grm, Commercial Credit

    2 hours ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** The Director is primarily responsible for credit adjudication of Automotive Finance and Asset Based Lending (ABL) transactions within the Bank’s Commercial Financial Services Market within their delegated lending authority or within their assigned portfolio. The incumbent will have adjudication responsibilities that are focused on...

  • Director& Commercial Leasing

    Found in: Talent CA C2 - 1 week ago

    Toronto, Canada DUCA Financial Services Credit Union Ltd. Full time

    Why DUCA? We’re a vibrant, exciting credit union that lives its "profits with a purpose" philosophy in every financial transaction, product, interest rate, and community initiative we offer. Founded in 1954, DUCA has grown from a single branch credit union in Toronto to 19 branches across Southern Ontario with over 85,000 Members we are proud to...

  • Credit Manager

    Found in: Talent CA C2 - 1 week ago

    Toronto, Canada Peoples Trust Full time

    Job Details Description About us : Peoples Group is a boutique Financial Institution with offices located in Vancouver, Calgary, Toronto, and Montreal that has been in the Canadian marketplace for over 30 years. Our mission is to exceed our customers' expectations by providing exceptional customer service backed by extensive product knowledge...

  • Credit Manager

    Found in: Talent CA C2 - 21 hours ago

    Toronto, Canada Peoples Trust Full time

    Job Details Description About us : Peoples Group is a boutique Financial Institution with offices located in Vancouver, Calgary, Toronto, and Montreal that has been in the Canadian marketplace for over 30 years. Our mission is to exceed our customers' expectations by providing exceptional customer service backed by extensive product knowledge...

  • Director, Commercial Leasing

    Found in: beBee jobs CA - 7 days ago

    Toronto, Ontario, Canada DUCA Financial Services Credit Union Ltd. Full time

    Why DUCA? At DUCA, we strive for excellence in everything we do. Our commitment to Do more, Be more, Achieve more is what sets us apart and drives our company culture. DUCA's impact goes beyond our financial solutions - we're dedicated to making a real difference in the lives of our members and in our community.We believe our employees are our most valuable...

  • Director, Commercial Credit Risk

    2 weeks ago

    Old Toronto, Canada Canadian Imperial Bank of Commerce Full time

    Director, Commercial Credit Risk page is loaded Director, Commercial Credit Risk Apply locations Toronto, ON time type Full time posted on Posted 2 Days Ago job requisition id 2409160 We’re building a relationship-oriented bank for the modern world. We need talented, passionate...

  • Director, Commercial Credit Risk

    2 weeks ago

    Old Toronto, Canada Canadian Imperial Bank of Commerce Full time

    Director, Commercial Credit Risk page is loaded Director, Commercial Credit Risk Apply locations Toronto, ON time type Full time posted on Posted 2 Days Ago job requisition id 2409160 We’re building a relationship-oriented bank for the modern world. We need talented, passionate...

  • Director, Commercial Credit Risk

    2 weeks ago

    Old Toronto, Canada Canadian Imperial Bank of Commerce Full time

    Director, Commercial Credit Risk page is loaded Director, Commercial Credit Risk Apply locations Toronto, ON time type Full time posted on Posted 2 Days Ago job requisition id 2409160 We’re building a relationship-oriented bank for the modern world. We need talented, passionate...

  • Director, Commercial Leasing

    Found in: beBee S CA - 2 weeks ago

    Toronto, Canada DUCA Financial Services Credit Union Ltd. Full time

    Why DUCA? At DUCA, we strive for excellence in everything we do. Our commitment to Do more, Be more, Achieve more is what sets us apart and drives our company culture. DUCA's impact goes beyond our financial solutions - we're dedicated to making a real difference in the lives of our members and in our community.We believe our employees are our most valuable...

  • Manager, Credit Limit Management

    4 days ago

    Toronto, Canada BMO Financial Group Full time

    55 Bloor Street West Toronto Ontario,M4W 3N5 The Manager - Limit Management is accountable for the maintenance implementation of credit limit management strategies in BMOs Canadian retail and small business credit card portfolios. This role is accountable to drive incremental revenue and balance growth, and to develop strategies that optimize limit...

  • Manager, Commercial Credit, Portfolio Management, BES

    Found in: Talent CA C2 - 1 week ago

    Toronto, Canada Equitable Bank Full time

    The core parts of your role would be to:Review and analyze all commercial mortgage reviews and proposals, together with supporting credit related documentation. Ensure compliance with the company’s established policies, lending guideline, regulatory requirements and procedures with recommendations submitted for approval to Senior management based on...

  • Credit & Collections Officer

    7 days ago

    Toronto, Canada Vault Credit Corporation Full time

    **Credit & Collections Officer** Vault Home Credit Corporation DBA VaultPay is designed to ease the consumer financing transaction between our Partners and Homeowners. We offer customers total payment control with simple and easy financing options for Homeowners and their Home Improvement loans. We are looking for a motivated, Credit & Collections Officer...