Senior Manager, Credit Risk Management

Credit Adjudication (different DLA’s)Approve credit requests such as commercial loan extensions, renewals, and annual reviews in accordance with Delegated Lending Authorities (DLA) for the small commercial portfolioRecommend for approval and escalate transactions and exceptions above the Senior Manager’s lending authorities as necessary to the Director/Senior Director Credit Risk Management, the VP & Chief Credit Officer or the SVP & Chief Risk Officer.Credit Risk GovernanceProvide independent and effective challenge to credit policy and credit procedure changes, amendments, and work collaboratively on new developments as proposed by the Business Lines Monitor the loan portfolios for relevant trends, insights and provide ad-hoc credit risk reports to members of senior management and to support quarterly board reportingLiaise and maintain strong relationships with the credit functions across the business lines to ensure that credit policies are adhered to in the organizationMonitor exception frameworks in the business lines and escalate relevant trends and insights Support the development of responses to recommendations/requests from OSFI and Internal AuditSupport the VP & CCO and Quality Assurance leaders in ongoing and continuous improvement initiatives to generate operational efficienciesNew Products and InitiativesSupport with credit risk input to the development and ongoing maintenance of the Advanced Internal Ratings Based Risk Rating systemsEnsure proposed products are in alignment with the bank’s credit risk appetite as articulated in credit policies and procedures and that satisfactory risk mitigation strategies have been discussed and documentedSupport the Risk team by identifying elements and/or issues during product development that require ERM or Compliance oversightLet's Talk About YouHave a minimum of 4 years of lending experience with expertise in a combination of commercial banking, retail lending including Single Family mortgages, construction and commercial mortgages, and portfolio management experiencePost-secondary education (diploma/degree), preferably in business or finance with an MBA or accounting designationDemonstrated leadership skills and strategic thinkingProven ability to thrive in a constantly changing environment and to perform well in a high volume, high intensity environmentProven ability to inspire a team to work toward a set of goals and objectivesHighly developed verbal and written communication skills with the ability to communicate to Senior Management, the Board of Directors in a clear, concise and professional mannerDeep understanding of real estate/commercial/asset-based underwriting and valuation techniques, determination and capitalization of NOI (Net operating Income)], financial statement analysis, secured lending and factors affecting the mortgage marketStrong analytical and problem-solving skillsStrong organizational and time management skillsAbility to handle multiple competing priorities is a mustWhat we offer [For full-time permanent roles] 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 and personal days Virtual events to connect with your fellow colleagues Annual professional development allowance and a comprehensive Career Development program A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experienceThe incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.