Credit Manager, Business Banking and Specialized Lending

**Why DUCA?** We’re a vibrant, exciting credit union that lives its "profits with a purpose" philosophy in every financial transaction, product, interest rate, and community initiative we offer. Founded in 1954, DUCA has grown from a single branch credit union in Toronto to 19 branches across Southern Ontario with over 85,000 Members we are proud to serve. We exist to help People, Businesses and Communities **Do More, Be More, and Achieve More**. - Positive, un-big bank like service experience delivered through Member-facing staff in branch, on the phone (Member-Connect) and via our Mobile mortgage specialists, Wealth Management advisors and Commercial and Business Banking Account Managers. - Competitive rates. - Personalized financial solutions, guidance, and service with the lowest possible fees for both Personal and Business Members. - Profit sharing among Members. - Multiple ways to bank—online, mobile app, phone/full-service Member Connect Contact Centre, and, of course, in-branch—DUCA is accessible 24/7 A career with one of Canada’s fastest growing credit unions means you’ll find endless opportunities to make a difference with your unique abilities and perspectives. **Our people live their purpose while helping others Do more, Be more and Achieve more with their money and their lives.** At DUCA, you’ll be part of a vibrant and collaborative team where you’ll be supported to excel and make an impact, no matter what role you play. **Credit Manager, Business Banking and Specialized Lending** **DUCA is looking for a Credit Manager, Business Banking and Specialized Lending**to join our growing team** **Job Purpose & Summary** The Credit Manager, Business Banking (also known as Small Business Banking in the financial services industry) and Specialized Lending is accountable for adjudicating small business Member loans and high net worth Member loans secured by investments and insurance through sound credit granting principles. Credit decisions will be kept within the parameters of DUCA’s risk appetite and tolerances, and comply with DUCA’s policies, procedures, and guidelines. By developing strong relationships with both the Business Banking and Specialized Lending Teams (“Lending Team”) and external partners, this position ensures Member satisfaction and support the healthy and sustainable growth of DUCA’s Business Banking and Specialized Lending loan portfolio. As a senior credit professional, this position is involved in monitoring market conditions and any regulatory changes that require changes to credit policies, procedures, and guidelines related to Business Banking and Specialized Lending. **Key Accountabilities & Duties** - Review commitment letters and draw requests to ensure credit terms and conditions are respected - Write succinct credit memos or credit announcements to communicate credit perspective and rationale for new credits and credit extensions - Respond to and resolve escalated issues raised by the Lending Team - Support DUCA’s Lending Team to ensure Member satisfaction - Support the healthy and sustainable growth of a profitable Business Banking and Specialized Lending loan portfolio by ensuring the credit granting provided is within DUCA’s prescribed asset quality standards - Provide support, when needed, to review and adjudicate commercial credit requests including new credit requests and annual reviews for approval at the appropriate lending authority. - Assess the impact of regulatory changes to existing policies, procedures and guidelines; monitor market conditions and make recommendations for enhancements to existing / creation of new policies, procedures and guidelines - Provide support in strategic projects, policy and process improvements initiatives related to Business Banking and Specialized Lending - Provide additional coverage for Specialized Lending credit reviews, adjudication and other matters related to investment lending - _**Occupational Experience & Education Requirements** - Bachelor’s Degree in business or a related field; or equivalent work experience with small businesses and / or high net worth lending within the financial industry - Pursing or having a CFA/CGA/MBA is considered an asset - Minimum 4-6 years Business Banking and / or high net worth lending underwriting / adjudicating experience is required - Minimum 4 years knowledge of financial statement analysis - Financial Statement analysis experience **Knowledge, Skills & Attributes** - Sound credit judgement with demonstrated ability to understand the risk return trade-off and come up with well thought-out solutions to mitigate credit risk - Knowledge of various due diligence reports related to investment and insurance lending (Insurance Policies, Insurance Discussion Papers, Financial Statements, Tax Documents, Investment Statements, Pension Statements, etc.) - Understanding of commitment letters and other legal documents from a credit perspective - Understanding of Business Banking and high