Director, Commercial Credit Leader

3 weeks ago

Old Toronto, Canada Equitable Group Full time

Transforming Canadian Banking

At Equitable Group, we're challenging traditional banking norms to provide Canadians with better options.

Our Commercial Credit team is at the forefront of this innovation, and we're seeking an experienced leader to drive our CMHC-insured multi-family lending group forward.

The Role

As the Director, Commercial Credit Leader, you will oversee all credit underwriting and portfolio management aspects of our Commercial division.

You will lead a team of Managers, underwriters, and analysts in assessing and managing $8 billion annually of CMHC-insured multi-family loans across Canada.

Key responsibilities include:

  • Establishing and overseeing procedures to ensure thorough credit risk assessment and alignment with risk appetite.
  • Managing, supervising, and mentoring the CMHC Credit team to ensure individual responsibilities are completed in accordance with Company policies, procedures, and priorities.
  • Managing credit flow, approving, or recommending insured mortgage facilities according to assigned delegation of authority and ensuring the portfolio operates within prescribed thresholds.
  • Championing a superior customer experience by proactively engaging senior management to address issues and ensuring team members complete underwriting assignments efficiently.

Requirements

We're looking for a seasoned professional with:

  • Post-secondary education in business or finance, with an MBA or CFA preferred.
  • A minimum of 10 years multi-family insured/commercial mortgage experience, with 3-5 years of management experience.
  • Highly developed verbal and written communication skills to communicate with senior management, partners, and borrowers.
  • Advanced technical knowledge of commercial lending, financial statement analysis, and factors affecting the Canadian commercial lending environment.
  • A detailed understanding of macro factors affecting the CMHC-insured multi-family lending environment with the ability to anticipate and react accordingly.
  • Demonstrated service excellence within their field.
  • In-depth knowledge of AML/ATF regulations and Corporate/Legal documentation for commercial real estate in multiple jurisdictions across Canada.
  • Strong organizational and time management skills.

What We Offer

Our full-time permanent roles come with:

  • Competitive discretionary bonus
  • Market leading RRSP match program
  • Medical, dental, vision, life, and disability benefits
  • Employee Share Purchase Plan
  • Maternity/Parental top-up while you care for your little one
  • Generous vacation policy, personal days, and even a moving day
  • Virtual events to connect with your fellow colleagues
  • Annual professional development allowance and a comprehensive Career Development program

Work Environment

As an Equitable Group team member, you'll be working in a hybrid environment with in-office time spent at our Toronto office.

We're deeply committed to inclusion, and all candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire.

Apply Now

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