Lead Credit Risk Manager, POS Business Unit
5 days ago
VersaBank is a Schedule 1 Chartered Bank with over $4.3 billion in assets and growing.
We are currently looking for a Lead Credit Risk Manager to our Credit Risk team. As the Lead Credit Risk Manager, you will be responsible for managing the day-to-day activities in the credit department with a focus on assessing and managing credit risk for the Point-of-Sale (POS) business unit.
Credit Underwriting and Funding Supervision
- Provide advice and/or observations on all credit submissions and related documentation, primarily from the standpoint of credit risk.
- As second line of defense, challenge account management's assumptions to ensure recommended credit structure adequately mitigates applicable risks.
- Identify underlying areas of concern within the portfolio such as specific credit tiers, asset, industry etc., and provide analysis to objectively demonstrate the same.
- Complete ad hoc excel modeling as needed to ensure identified risks are adequately mitigated.
- Review funding submissions to ensure approved credit criteria are met and that required security is in place.
Credit Policies and Procedures
- Assist the Chief Credit Officer with the ongoing and annual maintenance and amendments of the credit policies and the credit and portfolio management procedures by providing recommendations, preparing and presenting to the President and CEO, and committees for approval if necessary.
- Provide constructive input to changes in policy regarding concentration levels (i.e. Large Exposure Policy, Asset Concentration Policy, Industry Limit Policy).
Additional Responsibilities
- Assist the Chief Credit Officer with the preparation and presentation of materials for Risk Oversight Committee meetings, primarily, reporting regarding the POS business unit and Loan Portfolio Tracking.
- Develop and maintain a reporting structure with the Chief Credit Officer to keep senior management abreast of trends and risks in the POS business unit.
The ideal candidate will have:
- Bachelor's degree in business, Finance, Accounting, or related field or equivalent work experience.
- ~7+ years of experience with progressive responsibility in credit, risk management, and lending positions, with particular focus on leasing and consumer financing.
- ~ CFA or MBA considered an asset.
- ~ Strong working knowledge of Microsoft applications, with emphasis on using Excel and/or Power BI for data mining and modeling.
- ~ Experience in financial statement, credit and collateral analysis across various debt asset classes.
- ~ Demonstrated expertise in credit and financial risk analysis, and strong understanding of lease financing and documentation.
- ~ Excellent communication skills, with the ability to develop concise summaries of complex analyses and data appropriate for various levels of consumption across the Bank.
- ~ Highly attention to detail and a drive to deliver high-quality results.
We offer a competitive salary range of $110,000 - $140,000 per year, depending on experience.
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