Avp Credit Risk Management

Reporting to the Chief Risk Officer, the AVP Credit Risk Management is responsible for the independent oversight of all credit risk within Manulife Bank. This role is a dynamic leadership position accountable for facilitating the establishment of the Bank’s risk appetite for residential, retail, specialized lending and commercial credit risk, supporting the Bank’s strategic growth priorities within the established risk appetite, co-leading product development and delivery, providing consultative risk oversight to the Lines of Business, and the promotion of a risk-aware culture. The incumbent is also responsible for credit adjudication, monitoring portfolio credit quality and associated reporting, collections oversight, the development and maintenance of enabling credit policies and standards as well as overall underwriting quality assurance

The incumbent will be responsible for the overall management of the department, manages workflows and a staff of risk professionals. The incumbent is also member of the Bank Credit Risk Committee. The incumbent will act as the CROs proxy for the Assets and Liabilities Committee, Pricing Committee, Executive Risk Committee and any escalations or approvals when the CRO is not available.

**Key Accountabilities**:
**Residential and Retail Portfolio**
- Actively support and assist in the development and execution of the Bank’s strategic priorities, including the establishment, and periodic review of the Bank’s risk appetite for residential and retail credit risk. Provide timely, appropriate risk input to all residential & retail credit growth initiatives.
- Proactively develop and maintain economic, market and competitive intelligence impacting the outlook for residential and retail credit, and the consequent implications for the underlying credit risk.
- Collaborate and participate with the Lines of Business on all new residential and retail credit product development initiatives.
- Provide consultative credit risk oversight to the specific Lines of Business including, residential mortgage underwriting, collections, and credit card origination and account management strategies.
- Promote a risk-aware culture that encourages and rewards desired risk outcomes and quality of decision making. Provide constructive challenge, advice, and guidance on residential and retail credit risk issues.

**Specialized Lending Portfolio**
- Establish, and periodically review the Bank’s risk appetite for specialized lending credit risk.
- Co-lead with the Lines of Business all new specialized lending credit product development initiatives. Ensure up to date competitor and market knowledge is known and incorporated into strategic decisions.
- Provide active credit risk oversight to the specific Lines of Business including, commercial real estate, specialized lending, and Multi-Unit Residential (MUR).
- As the owner of specialized lending credit policies and standards, ensure they are consistent with the Bank’s strategy and risk appetite and align with market leading practices. Review and asses changing strategic and economic circumstances, as well as applicable regulatory and legislative changes impacting the Bank’s operating standards, procedures and guidelines and ensure that policies and standards are updated accordingly.
- Maintain and enhance the Bank’s risk rating system for specialized lending. Review and revise the overarching risk rating system framework and philosophy, including the adoption of a dual rating system and underlying scorecards for specific facility types, industry and lending products
- In conjunction with Finance, develop and maintain risk sensitive methodologies for developing estimates of ‘Expected Credit Losses’ for the purpose of booking appropriate provisions for credit losses in the portfolio.
- Promote a risk-aware culture that encourages and rewards desired risk outcomes and quality of decision making. Provide constructive challenge, advice, and guidance on all aspects of specialized lending.

**Credit Risk Management**
- Monitor the credit risk characteristics of the portfolio and report and make recommendations on credit-related issues to the Chief Risk Officer and senior management (example Bank Leadership Team, Manulife Bank Executive Risk Committee and Bank Board of Directors).
- As custodian, ensure credit policies and standards are consistent with the Bank’s strategy and risk appetite and align with expected market practices. Review and asses changing strategic and economic circumstances, as well as applicable regulatory and legislative changes impacting the Bank’s operating standards, procedures and guidelines and ensure that policies and standards are updated accordingly.
- Responsible for all credit loss mitigation activities of the Bank, which include monitor and adjustment of specific reserves, foreclosure proceedings and outsourced functions with respect to legal files.
- Lead a team responsible for post-funding loan review and assessment of underw