Special Risks Manager

**Posting Date**: Apr 17, 2025, 1:59:52 PM

**Primary Location**: Ontario-Ottawa

**Job Type**: Permanent

**Schedule**: Full-time

**Application deadline**: May 1, 2025

**Join the EDC Team**

At EDC, we support Canadian businesses to succeed globally. We provide the financial tools and expertise they need to explore new markets, reduce risks, all towards the goal of making Canada and the world better through trade. #LI-Hybrid

**Position**: Special Risks Manager (lvl 19/20)

**Employment Type**: Permanent

**Compensation Details**:

- Special Risks (Loans) 19: Salaries typically range from $109,810 to $146,413 annually, based on qualifications and experiences, plus a performance-based incentive.
- Special Risks (Loans) 20: Salaries typically range from $127,380 to $169,838 annually, based on qualifications and experiences, plus a performance-based incentive.

**Location**:

- This role can be performed from EDC’s headquarters in Ottawa or from one of our Community Hubs located in Toronto, or Montreal.

**About EDC**:
At Export Development Canada (EDC), we empower Canadian businesses to succeed globally. As a financial Crown corporation, we offer innovative financial solutions and expert insights to help businesses explore new markets, mitigate risks, and achieve growth.

**Why Join EDC?**
- **Collaborate with a diverse, experienced team** - Work alongside talented professionals who bring a wealth of knowledge and expertise to drive success.
- **Thrive in a supportive, teamwork-driven environment** - Flourish in a workplace where collaboration and mutual support are paramount.
- **Impact global communities through sustainable growth in emerging markets** - Make a meaningful difference by fostering sustainable development in key regions around the world.
- **Recognized as one of Canada’s Top 100 Employers, Best Diversity Employers, and a Top 100 Family-Friendly Employers** - Join a company that is celebrated for its commitment to excellence, diversity, and work-life balance.
- **Enjoy a comprehensive Total Rewards package**:

- **Flexible benefits** - Our program lets you choose coverage that suits your unique needs, including Medical, Dental, Life, and more. Plus, we offer additional Flex credits to tailor your plan even further.
- **Defined Contribution Pension Plan** - Secure your future with our generous matching program that helps you save for retirement.
- **Competitive vacation program** - Enjoy a work-life balance with our competitive vacation program, starting with 4 weeks of vacation and 2 floater days each year for permanent employees.
- **Comprehensive wellness programs** - Stay healthy and happy with access to wellness initiatives, mental health support, and fitness programs.
- **Professional Development** - Advance your career with our support for growth and development through conferences, language training, and educational opportunities.

**Team Overview**:
Export Development Canada’s Special Risks Team is responsible for managing all recovery and rehabilitation efforts on distressed and impaired loans in EDC's Corporate and Canada Account portfolios. The team’s responsibilities include working with distressed companies to find solutions that drive the best outcomes for both EDC and its customers, including negotiating debt restructurings (through CCAA/Chapter 11 or out-of-court agreements), and seeking recovery on loans through bankruptcy and similar proceedings or through asset sales, liquidations, etc.

The Special Risks Team works closely with EDC’s loan origination teams to share learnings and experience on distressed files, enabling the business teams to adapt their underwriting and portfolio management strategies.

We are looking for a motivated and seasoned professional who is keen to take on a new challenge and enhance their professional experience, gain a deep knowledge of how risk mitigants in loan structures play out in a workout scenario, and sharpen their skills in strategic thinking and complex negotiations.

**What you will be doing**:

- Thoroughly understand all aspects of EDC’s lending programs, including EDC’s market position, risk appetite and related loan documentation.
- Support/lead (as appropriate relative to file complexity) all aspects of restructuring and transaction management, loss mitigation assessments and recommendations, and internal communications.
- Responsible for managing communications with borrowers, bankers, lawyers, receivers, trustees and advisors.
- Deliver difficult messages and work to build consensus externally and internally.
- Resolve issues that may arise with internal or external counterparties.
- Where applicable, act as a resource, coach or mentor for colleagues with less experience.
- Support the team with corporate initiatives or projects involving process improvements, governance, risk management practices, teambuilding and knowledge sharing.

**What we are looking for**:

- Completion of an MBA or other post-graduate education in rela