Manager, Risk Management

As an independent officer of the second line of defense from the Risk Management department, Manager – Credit Risk will report to Director, Credit Risk with regards to Shinhan Bank Canada’s Credit Risk Management function and other ancillary credit risk management functions within the organization. S/he will act as a champion and challenger, guiding business partners/first line of defense in implementing credit risk management practices and supporting the Risk Management Department’s overall mandate.

Key Responsibilities
& Accountabilities
•    Support the CRO and Risk Management Committee (RMC) with actionable insights to make informed, risk-based decisions
•    Analyzes case specific data and information to provide risk-related insights and recommendations for new loan originated by the Bank; also for specific cases within assigned portfolio;
•    Assists junior team members within RMD to learn QA review process
•    Highlights significant information including variances in financial performance, trends, gaps for the assigned portfolio and escalates as required
•    Conducts Quality Assurance Review of the assigned portfolio in a satisfactory manner as per the Bank’s guidelines
•    Conducts Loan Review of the assigned portfolio in a satisfactory manner as per the Loan Policies of the Bank
•    Monitors the portfolio on ongoing basis in addition to annual reviews & quality assurance checks
•    Presents findings and analysis results to the Director and the CRO as needed and as applicable as per policies
•    Prepares specific and ad-hoc portfolio reports for the senior management & other stakeholders from time to time, including Stress test exercise for ICAAP and for RMC update on regular basis
•    Tracks and executes remediation plan for identified gaps in the loan portfolio
•    Shares feedback for process & policy improvement based on ground level observations
•    Keeps working files up to date and current at all times
•    Ensures follow up with first line of defense and closure of key items/observations in a timely manner
•    Deals with internal & external auditors and to arrange case specific data, information, folders in time bound and quality manner
•    Addresses auditor’s and examiner’s queries & observations in a satisfactory manner
•    Ensures adherence to the Bank policies and regulatory guidelines such as B-20 for the assigned RESL portfolio
•    Identifies and escalates gaps in overall compliance (of the assigned portfolio) with the policies & guidelines and suggests remediation plan for such gaps
•    Strives to enhance risk culture with first line of defense through healthy inter-personal discussions
•    Prepares, suggests, assists and develops relevant training material for first line of defense of the Bank as required
•    Supports interpretation of internal and external policies and regulatory requirements relevant to the analytics mandate
•    Assists in performing risk analytics and modeling, including developing scenarios and assumptions
•    Assists in reviewing and validating the internal rating models and risk components including, PD, LGD and internal credit ratings
•    Monitor and review effectiveness of problematic loan management and remedial plans
•    Make a challenge for any gap of the Bank’s process and procedures from regulatory requirement Job Requirements Education

Requirements:
Bachelor’s degree in accounting, finance, or risk management-related required Work Experience

Requirements:
5-10 years of experiences in financial service industry is considered an asset
•    In-depth knowledge of Canadian lending practices, laws and regulations (e.g. OSFI B-20)
•    Working experience in credit risk management in underwriting process, with knowledge of accounting principles and financial statements analysis
•    Strong research and communication skills
•    Ability to effectively communicate with loan officers, branch managers, senior management, committee members, and regulators with regards to presenting new findings and responding questions
•    Strong integrity in all areas such as adherence to policies and regulations, maintaining utmost ethical and legal standards, and upholding confidentiality and privacy of findings in all situations
•    Demonstrate ability to prioritize and handle multiple projects while remain flexible to unpredictable changes to schedule and deadlines
•    CPA designation or FRM or in pursuit of any equivalent designation, would be considered an asset Knowledge & Skills Knowledge of Administration processes, practices and proceduresRisk, compliance and audit mindsetLocal market knowledgeKnowledge of Policy Development processesProject managementSpecialized subject matter expertise and knowledge