Director, Commercial Credit, CMHC

1 month ago


Toronto, Ontario, Canada Equitable Group Full time
Job Title: Director, Commercial Credit, CMHC

At Equitable Bank, we're redefining the banking experience. We're a Challenger Bank that's not afraid to challenge the status quo. Our team is made up of innovative and agile minds that are passionate about transforming the banking industry.

We're seeking a highly experienced and skilled Director, Commercial Credit, CMHC to join our team. As a key member of our Commercial Division, you'll be responsible for leading a team of credit underwriters and analysts in the prudent underwriting of CMHC-insured multi-family loans.

Key Responsibilities:
  • Establish and oversee procedures to ensure that credit risk is thoroughly assessed and within the Bank's risk appetite.
  • Manage, supervise, and mentor the CMHC Credit team to ensure individual responsibilities are completed in accordance with Company policies, procedures, and priorities.
  • Manage credit flow, approve, or recommend insured mortgage facilities according to assigned delegation of authority and ensure that the portfolio is being proactively managed and operating within prescribed thresholds.
  • Champion the Bank's goal of delivering a superior customer experience by proactively engaging senior management to address issues as they arise.
  • Provide support, guidance, and ongoing training to department managers and staff, identifying their specific needs and devising plans to ensure all staff are adequately trained.
Requirements:
  • Post-secondary education (diploma/degree) in business or finance, MBA/CFA preferred.
  • Minimum of 10 years multi-family-insured/commercial mortgage experience with a minimum of 3-5 years of management experience.
  • Highly developed verbal and written communication skills with the ability to communicate to Senior Management, Partners, and Borrowers in a clear, concise, and professional manner.
  • Advanced technical knowledge of commercial lending, financial statement analysis, and factors affecting the Canadian commercial lending environment.
  • Demonstrated service excellence within their field.
What We Offer:
  • Market leading RRSP match program
  • Medical, dental, vision, life, and disability benefits
  • Generous vacation policy, personal days, and even a moving day
  • Virtual events to connect with your fellow colleagues
  • A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank's additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire.



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