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 procedures
• Risk, compliance and audit mindset
• Local market knowledge
• Knowledge of Policy Development processes
• Project management