Credit Risk Specialist

IO’s Finance, Technology, and Lending Enterprise Team ensures that IO is a financially efficient and effectively managed organization and that the agency’s finances are monitored, reported, and managed appropriately. The team also manages the infrastructure lending program, which has supported more than $18 billion in local infrastructure development, and IO’s Information Technology and Business Services, providing tools and systems to ensure secure, effective, and efficient operations.

Level P4

**POSITION PURPOSE**

To contribute to the maintenance of a low credit risk profile throughout the loan portfolio, achieved principally through adherence to the functions and responsibilities as recited below.

**What You Will Be Doing**:

- ** KEY FUNCTIONS & RESPONSIBILITIES**
- Work with colleagues in loan underwriting, loan operations and legal department throughout the due diligence process
- Ensure records of all review and approval activity including Credit Review Committee minutes are consistent guidelines
- Ensure that authorization details are reported to legal department and duly incorporated in the Financing Agreement

**Perform credit portfolio monitoring and reporting including recording of covenant compliance and document management.**
- Measure and record borrower compliance to financial loan covenants for outstanding loans on an ongoing basis
- Address borrower non-compliance via quarterly portfolio reporting and consideration of escalation of loans
- Contribute to the preparation of monitoring reports of the loan portfolio
- Responsible for document management to support credit reviews and reporting of credit risks
- Contribute to building and maintenance of the credit management database

**Direct file management of Watch List or higher risk loans, as assigned.**
- Manage Watch List borrower relationships
- Liaise with borrower management and assisting professionals to facilitate completion of analysis of borrower risk factors and options to restore risk profile to acceptable level
- Negotiate corrective plans with Watch List borrowers as required, monitor progress, and address variances
- Contribute to quarterly Watch List reporting for loans under direct management

**Contribute to the expansion and refinement of credit policy and guidelines, and general department procedures**.- Complete periodic review and updating of sector credit policy and guidelines, including risk rating protocol
- Identify and/or support opportunities for increased efficiency in department workflow
- Complete documentation of department workflow and procedures

**What We Are Looking For**:

- ** Education and knowledge**:

- University degree in Finance, Business, Accounting, Economics or equivalent is an asset
- A good understanding of key financial and risk management theories, principals, and practices

**Experience**
- Few years' of commercial lending transaction experience in a client-facing role, ideally including commercial real estate and/or infrastructure project financing
- Demonstrated business acumen with experience working with clients and stakeholders
- Knowledge and experience with commercial lending practices of municipalities, the energy sector, assisted living, long term care or social housing sectors is an asset

**Skills and personal attributes**
- Strong acuity for business models and business risk assessment, and an ability to conduct financial statement and ratio analysis.
- Ability to set individual objectives, work independently and collaborate with others in order to accomplish goals.
- Excellent analytical and research skills to organize and draw conclusions from complex, ambiguous and often fragmented information.
- Able to present complex concepts in a clear, cogent and intelligible manner, both by way of written reports and verbal presentations.
- Able to manage engagements with underwriting colleagues and external parties in a cordial, tactical and productive manner.
- Proficient in the Microsoft Office suite of products.

**What's In It For You**:

- ** Diverse, equitable and inclusive culture** that promotes a sense of belonging and represents and reflects the needs of the communities we serve.
- ** A flexible, hybrid work approach **that allows colleagues to find balance between their professional and personal lives and making the most of the benefits of working remotely and purpose-driven in-person collaboration opportunities.
- ** A defined contribution pension plan,** where IO contributes the equivalent of 5% of a full-time employee’s annual salary, with an option for IO to match an additional 2.5% contribution made by the employee. IO also offers a Group Retirement Savings Plan and Group Tax Free Savings Account, designed to help IO colleagues plan and save for their future.
- **A comprehensive package **that covers health, dental, vision, out-of-country care, paramedical services, and more.
- ** A pregnancy and parental leave program** that offers expecting, eligible emplo