Risk Management Director

2 weeks ago


Toronto, Canada BJRC Recruiting Full time
Job Title: Director Credit Risk

Job Summary: BJRC Recruiting is seeking an experienced Director Credit Risk to oversee residential mortgage lending activities, including quantitative portfolio analysis. This role will be responsible for approving policy exceptions, developing credit risk-related policies, and ensuring compliance with regulatory requirements.

Main Responsibilities:
  • Approve exceptions to residential mortgage lending policies and balance sheet mortgage purchases within delegated lending authority.
  • Oversee the credit aspects of mortgage-related lines of credit, ensuring collateral eligibility.
  • Maintain residential mortgage lending policies and ensure alignment with risk appetite, regulatory requirements, and industry best practices.
  • Review and challenge first-line guidelines and procedures, providing recommendations to strengthen internal controls.

Additional Responsibilities:
  • Participate in Expected Credit Loss assessments and manage 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:
  • 5+ years of experience in residential mortgage risk management within a regulated institution, with deep knowledge of mortgage lending.
  • Strong understanding of regulatory requirements for residential mortgage lending, including OSFI guidelines.

About Us: BJRC Recruiting is a leading recruitment agency, providing top talent to the financial industry. We are committed to delivering exceptional recruitment services and building long-term relationships with our clients.

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