Assistant Vice President, Credit Risk Management

3 weeks ago


Edmonton, Canada CWB Financial Group Full time

At

CWB

, we strive to build value for the people who choose us every day: our people, our clients and our investors. We do this by holding true to the values that guide us. We put people first and build relationships with intention. We seek out and embrace new ideas, knowing that better is always possible. We believe that how we do things is as important as what we do. And we harness the power of inclusion. Our culture is who we are and how we show up - as individuals and as a team - to accomplish our strategy.

Assistant Vice President, Credit Risk Management Diversified

The opportunity

The AVP Credit Risk Management will be a seasoned Commercial Lender (Diversified) or credit risk professional who will play an important role as a credit leader in CWB and assist the SAVP CRM with management of the credit risk portfolio. The incumbent will be responsible for day-to-day credit risk mitigation (i.e. adjudicate within prescribed policy and risk appetite including the upgrade and downgrade of risk ratings) through delegated lending limits as well as overall Diversified portfolio management within prescribed geographies / industries / business segments. She/he will ensure the credit risk management function is effectively managed.

She/he will be a passionate, committed, and forward-thinking lending professional with credibility with business leaders and branch lenders. A sound communicator, the AVP Diversified CRM will be capable of developing strong relationships with a diverse group of internal and external stakeholders.

The primary focus of the AVP CRM is to provide direct credit adjudication, leadership, direction / oversight to branches through adjudication across CWB Diversified lending verticals and geography. The position will carry significant influence over CWBs risk appetite under their area of focus. The AVP CRM will monitor and assess the quality of their assigned portfolio on an ongoing basis and ensure action taken to mitigate elevated current or expected risks. The position will be a key individual to ensure risk appetite and credit policy is correctly interpreted and adhered to and overall portfolio is managed according to the CWB risk appetite statements on a day-to-day basis. The incumbent will carry substantial lending limits as well as hold oversight over a group of designated business centre lenders and adjudicators. Limits will exceed that of the branches both direct credit adjudication on large transactions but also first touch on all transaction above team limits.

Risk Management- Act as one of the key individuals responsible within the Second line of defence framework for prudent underwriting and adjudication through measuring, monitoring and reporting CWB‘s risk exposures. Continuously review policies / standards, protocols and procedures, risk appetites and risk metrics to ensure adjudication is completed in accordance with such policies and standards where industry movements are well understood in the context of CWB’s risk appetite.- Ensure business opportunities are maximized through awareness of CWB’s Strategic direction and within CWB risk appetite.- Ensure loan loss experience is minimized through sound lending practices and implementation of policies and procedures and early identification and action on deteriorating credit situations.- Monitor the designated portfolio through oversight of Out of Order, Impaired Loan and Watch List Reports and providing feedback to SAVP / VP CRM, as warranted and escalate to address area where metrics are of concern.-
- Provide an understanding into our Credit Risk Model methodology and output sufficient to provide direction to CWB end users.- Act as a key member of CRM change as CWB becomes a model enabled bank.As required assist in preparation of quarterly reports on the portfolio composition and prepare insightful commentary on the second line’s perspective on credit risk management for inclusion in reporting.- Act as CRM’s geographic specialist in designated sectors or regions as may be delegated from time to time. Participate in preparation and present second-line perspective for periodic “deep dives” on specific credit risk topics to ERC and RC.- Advise and inform SAVP, VP / SVP CRM, on significant loan or portfolio matters as they arise and specific to geography, industry, or business line.- Assist branches through discussions/memoranda in credit related matters and action plans, including dealing with loans in the Watch List categories not managed by SAMU.- Key participant with OSFI during their periodic credit risk management reviews.- Key participant with External Auditors during their quarterly and annual credit risk management review/audit.

Collaborating and Influencing- Collaborates across CWB on key strategic priorities both related to CRM and beyond.- Exemplify CWB’s Values, live our values at work and in the community.- Facilitates discussions and collaborates with each other; promotes collaboration betwee



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