Chief Mortgage Portfolio Strategist

4 days ago


Toronto, Ontario, Canada BJRC Recruiting Full time
Job Summary

We are seeking a seasoned Director to oversee residential mortgage lending activities, including quantitative portfolio analysis. This role involves approving policy exceptions, developing credit risk-related policies, and ensuring compliance with regulatory requirements.

Main Responsibilities
  • Approve exceptions to RESL policies and balance sheet mortgage purchases within delegated authority.
  • Oversight of the credit aspects of mortgage-related lines of credit, ensuring collateral eligibility.
  • Maintain RESL policies, ensuring alignment with risk appetite, regulatory requirements, and industry best practices.
  • Review and challenge first-line guidelines and procedures, providing recommendations to strengthen internal controls.
Key Performance Indicators
  • Expected Credit Loss (ECL) assessments and oversight of arrears and default processes.
  • Monitor the portfolio for increased credit risk, ensuring robust management of arrears and defaults.
  • Conduct sensitivity analysis and stress testing to gauge portfolio risk and implement proactive mitigation strategies.
  • Support capital and contingency planning efforts through in-depth risk analysis.
Requirements

To be successful in this role, you will need:

  • 5+ years of experience in RESL risk management within a regulated institution, with deep knowledge of mortgage lending.
  • Strong understanding of regulatory requirements for RESL, including OSFI guidelines.
Salary

The estimated salary for this role is $120,000 - $180,000 per annum, depending on experience.



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