Commercial Credit Risk Management Leader
4 days ago
The Director, Commercial Credit is a key leadership position within Equitable Group's Commercial division. This role oversees the credit underwriting and portfolio management aspects of the Multi-family Insured lending group (CMHC), with a focus on prudent risk assessment and effective management.
About UsEquitable Group is a leading financial institution dedicated to delivering innovative banking solutions to Canadians. Our commitment to excellence and customer-centric approach has earned us recognition as one of the top FinTechs in the industry.
Job Responsibilities- Credit Risk Management: Establish and oversee procedures to ensure thorough credit risk assessment and alignment with the Bank's risk appetite.
- Team Leadership: Manage, supervise, and mentor the CMHC Credit team to ensure individual responsibilities are completed in accordance with Company policies, procedures, and priorities.
- Credit Flow Management: 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.
To succeed in this role, you will require:
- A minimum of 10 years' experience in multi-family-insured/commercial mortgage lending, with at least 3-5 years of management experience.
- Post-secondary education (diploma/degree) in business or finance, with an MBA/CFA preferred.
- Strong technical knowledge of commercial lending, financial statement analysis, and factors affecting the Canadian commercial lending environment.
- Demonstrated service excellence within their field.
We offer a competitive salary range of $140,000 - $170,000 per year, depending on experience. Additionally, you can expect:
- Competitive discretionary bonus
- Market-leading RRSP match program
- Medical, dental, vision, life, and disability benefits
- Employee Share Purchase Plan
- Generous vacation policy, personal days, and moving day
- Annual professional development allowance and comprehensive Career Development program
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