Senior Manager, Credit Risk Oversight

Posted:December 18, 2018

 

Our client, a leading foreign bank in Canada, is continuing to grow and are looking for a professional Senior Manager, Credit Risk Oversight to join their Bank. They are committed to providing a great workplace environment that fosters a culture of respect, openness and support.

Job Title: Senior Manager, Credit Risk Oversight

Reports to: Chief Risk Officer

Department: Risk Management

Region: Toronto

Status Full-time

Start Date: As soon as possible

Job Summary

The Senior Manager, Credit Risk Oversight is responsible for providing sustainable business performance through independent identification, measurement, monitoring and reporting on credit risks of the Bank.

 Roles and Responsibilities

  • Develop and maintain the Credit Risk Appetite Statement and related Board and management limits.
  • Monitor the credit risk profile of the Bank in relation to the risk appetite and established limits, while escalating any breaches thereof as appropriate.
  • Design, implement and maintain the Credit Risk Management Framework and Expected Credit Loss Policy.
  • Collaborate with the Credit Department on the implementation of the Credit Risk Framework, including the management of portfolio limits, lending exceptions, independent challenges of credit policies and independent validation/vetting of credit models.
  • Lead the management of Expected Credit Losses (ECL) for the Bank under IFRS 9, including domestic ownership of the ECL model, analysis of results generated, model calibration and effectiveness assessment.
  • Lead domestic efforts to determine any required adjustments to reflect Canadian macroeconomic factors, and stress testing over such factors.
  • Conduct stress testing of credit related risks for risk measurement and capital adequacy assessment purposes.
  • Monitor and report on credit portfolio including monitoring of credit quality and identification of key and emerging risks.
  • Prepare and present reports to the Risk Management Steering Committee and to the Board’s Risk Management Committee on credit oversight activities and related results.
  • Design, implement and maintain an effective loan review program that measures the quality of underwriting, assesses the effectiveness of risk ratings on individual loans, and provide pragmatic recommendations for improvements to the loan origination and management process.
  • Provide oversight to the preparation and presentation of reporting on loan review results to the Loan Review Committee.
  • Oversee development of loan review officers and credit risk oversight staff, including objective setting, coaching and performance management.
  • Build and maintain effective working relationships with other members of the Risk Management Department, members of the Credit teams and other senior management, parent bank personnel, OSFI, external auditors, and members of the Board of Directors.
  • Monitor industry developments and regulatory changes for emerging risks and changes that may need to be made to Bank credit processes. Escalate any related issues to the appropriate departments and the CRO.
  • Other relevant duties as assigned.

Qualifications

  • University degree in business, mathematics or economics
  • Minimum 10 years’ experience in a credit risk management role within a Canadian federally regulated financial institution.
  • Financial Risk Management (FRM) designation preferred, but not required.
  • Strong understanding of credit underwriting, and management of a retail and commercial lending portfolio, including related regulatory requirements for a federally regulated financial institution.
  • Experience working with credit related models including risk rating models and expected credit loss models in an IFRS 9 environment, including ability to use statistical analysis software in measuring and monitoring risk.
  • Experience creating and executing credit scenario analysis and stress testing.
  • Possess strong analytical skills, including conceptual thinking and excellent problem-solving skills.
  • Ability to develop and maintain a collaborative work environment for staff and colleagues.
  • Possess strong verbal and written communication skills. Ability to synthesize and present complex concepts in a clear and concise manner.
  • Ownership and Accountability – take responsibility for decision making and accomplishing objectives within role, taking initiative to create value for the bank.
  • Korean written and verbal skills is an asset but not required.

What You Need To Know

Must be legally eligible to work in Canada at the location(s) specified above and, where applicable, must have a valid work permit that allows the candidate to fulfill the requirements of the role.

Staff Accountant Profile

Posted:November 23, 2018

 

Our client is a growing public accounting firm with 5 partners located in the York Region.

They have been serving the York region and GTA for over 50 years!

We are recruiting for a recently designated CPA interested in being a part of an established independent firm.

The client focus is owner-managed businesses, non-profit and charitable organizations, condominium corporations, professionals and individuals.

 

Key Requirements would include:

 

Preference for someone living in the York Region area.
Role is located in Aurora.

Details

Senior Manager, Capital Markets Accounting

Posted:November 23, 2018

 

What You’ll Be Doing

Aligned with the Finance guiding principles, the Capital Markets Accounting team provides strategic advice and financial support to the Capital Markets Trading businesses. As a Senior Manager, Capital Markets Accounting, you will manage a team of professionals to prepare, review and analyze capital markets financial information to ensure quality and faithfulness of financial records for various trading portfolios and structured products. You will manage the month-end accounting and reporting processes to support downstream stakeholders such as Regulatory Reporting and Consolidation groups. You will work closely with the Capital Markets DFE, the CFO group, and other COEs to support your team on the investigation and resolution of source to GL variances.

How You’ll Succeed

Who You Are

 

Our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents and empowers teams to do what’s right for the client, and to do it well. As part of our team, you will:

Role is located in Toronto.

Details

Sr. Relationship Manager: Corporate Banking - Vaughan

Posted:October 23, 2018

 

 

The Senior Relationship Manager is expected to acquire, retain, and expand relationships with the customers we want to bank within the MME segment, by profitably identifying and meeting their needs. This means identifying customer needs first and then recommending product solutions that are appropriate for the customer to consider and accept.

Key Accountabilities:

Impact on the Business

  • Building existing and winning new long-term relationships with the customers we want to bank, coherent with CMB’s strategy to be the Leading International Trade and Business Bank
  • Relationships managed by placing customer needs at the forefront of all that the role holder does, setting world class standards
  • Develop effective strategies to manage customer relationships, anticipate customer needs and provide a superior quality service to position the bank as the market leader in this segment.
  • Keep abreast of external factors influencing international business e.g. economic, cultural, geographical, procedural and regulatory requirements.
  • Ensure timely and accurate maintenance of customer information, on HORIS, Client Vision and CARM and other systems as required.
  • Maintain up-to-date and accurate deal pipeline on CV
  • Monitor relationship profitability regularly and ensure that the return is commensurate with the type of client and both CMB and the client’s risk appetite.
  • Take timely and proactive corrective action to mitigate potential losses, exercising effective portfolio stewardship and control
  • Collaborating with product partners to identify and match customer needs with relevant expertise; notably with GTRF, PCM, GBM, GPB and I&I

Customers / Stakeholders

  • Ensure a quality service for all customers by owning customer engagement, ensuring service excellence at all times, for all aspects of any customer, prospect or professional’s interaction with the bank
  • Ensure all interactions with customers are of a high quality and conducted according to the highest professional standards
  • Collaborating with product partners to identify and match customer needs with relevant expertise; notably with GTRF, PCM, GBM, GPB and I&I.
  • Ensure that client plans are co-ordinated and Client Service Teams are in place with product partners and Critical Account objectives where applicable accepted
  • Take a proactive approach to client planning across the portfolio collaborating with product partners and senior management as appropriate.
  • Establish an effective working relationship with Risk Management teams, in order to validate the accuracy of the customer risk profile.
  • Ensure early identification of problem relationships and take action where there are potential and existing problem accounts to protect the banks’ interests.
  • Be an ambassador for the bank and develop the bank’s profile in the local community, with a particular focus on international business.

Leadership & Teamwork                                

  • Embody the Group’s values and global standards in every aspect of how you operate as a CMB banking professional.
  • Act as a team player, supporting development of a positive, collaborative culture consistent with Group Values
  • Lead, inspire and motivate junior colleagues to ensure a seamless relationship management service is delivered.
  • Provide active feedback to seniors on process, operations, risks etc., and make recommendation as to how these can be changed to secure the customer and the bank.
  • Coach and provide development support to other RMs and support officers, taking a genuine interest in their progression
  • Collaborating with product partners to identify and match customer needs with relevant expertise; notably with GTRF, PCM, GBM, GPB and I&I
  • Promote an environment that supports diversity and reflects the HSBC brand.

Operational Effectiveness & Control

  • Embody the Group’s values and global standards in every aspect of how you operate as a CMB banking professional.
  • Exercise effective portfolio stewardship and control, ensuring adherence to all relevant Risk policies, Audit and Compliance standards.
  • Adhere to structures and processes in place for the management of credit, operational, reputation and regulatory risk.
  • Complete, timely, and in-depth evaluations or reviews of financial and operating risks for all credit facilities, in order to ensure usage is in accordance with approved terms and conditions.
  • Respond within agreed timelines to issues raised by audit and external regulators.
  • Resolve any/all identified issues promptly, and escalate concerns to management as appropriate to ensure timely awareness of any material concerns.
  • Maintain awareness of operational and fraud risk within assigned portfolio and minimise the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting.
  • Protect sensitive customer and bank information by ensuring documents, computers, files, and all confidential matters are appropriately handled as set forth by policy.
  • Compliance with and management of sales and suitability risks and requirements.
  • Ensure all completed sales and prospecting activity documentation is appropriately completed, approved and stored to provide performance tracking and inform targeted future sales efforts
  • Ensure that all employees are aware of and effectively identify and manage applicable money laundering (ML), terrorist financing (TF), sanctions and reputational risks.
  • Complete other responsibilities, as assigned.

Major Challenges

  • Winning and retaining business in challenging and competitive market environments.
  • Identifying the needs of sophisticated customers and subsequently presenting, and profitably implementing the most appropriate solutions.
  • Coordinating cross-border coverage for international customers across multiple time zones, cultures, languages, and regulatory environments.
  • Coordinating and collaborating with Product partners to ensure that the most appropriate solutions are made available to meet customer needs. These needs may often be complex and international in nature.
  • Constant vigilance in identifying and mitigating financial, operational, fraud and financial crime risks.

Role Context

CMB is at the heart of the Group’s strategy to be the Leading International Bank. Within this framework CMB is positioned as the Leading International Trade and Business Bank. The remit of this role focuses on the customers we want to bank, including international corporate businesses. The business operates in a highly competitive banking environment competing for international business where we have a “right to win”.

Environment of the job: The jobholder will be competing in a highly competitive environment against many locally-established financial institutions and possibly a number of national competitors.

Guidance and authority; The jobholder will report to the Senior Manager Corporate Banking I/II and is given authority to plan, initiate, develop, and drive the initiatives for their client portfolio. They will be responsible for the profitability and performance of their assigned portfolio.

 Management of Risk

  • Ensure compliance of both general and anti-money laundering and anti-terrorist financing (AML/ATF) compliance controls as well as operational risk controls in accordance with the bank or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
  • The jobholder will ensure the fair treatment of the bank customers is at the heart of everything we do, both personally and as an organization. They will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology. Additionally they will ensure they effectively manage sales suitability, money laundering, counter terrorist financing, fraud, and reputational risk.
  • This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring; additionally by addressing any areas of concern in conjunction with line management and/or the appropriate department.

Observation of Internal Controls

  • Maintains the bank internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
  • The jobholder will adhere to and be able to demonstrate adherence to internal controls. This will be achieved by following relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
  • The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply.

Qualifications
Knowledge & Experience / Qualifications
Essential:

  • Minimum of 6 years’ experience in managing commercial relationships with international needs
  • Proven ability in identifying and meeting customer needs through matching a broad range of products and services
  • Good level of business acumen and commercial awareness, including economic, cultural, procedural and regulatory issues
  • Ability to interact with business customers at all levels
  • Excellent interpersonal skills and ability to interact and build relationships with internal and external stakeholders
  • Excellent time management, planning and organisation skills
  • Excellent range of communication skills, including written, verbal, and the ability to deliver compelling presentations
  • Strong analytical skills
  • Strong credit assessment skills, particularly with regard to more complex and structured facilities with an international dimension
  • Proven ability to deliver creative and flexible customer solutions.

Desirable:

  • Knowledge of how MME corporate clients operate
  • Knowledge of Trade, PCM, GB&M, RBWM, and GPB products and capabilities
  • Robust understanding of client planning methodology
  • Knowledge of group systems, including CARM, ClientVision, HORIS, Global Links and GRPT
  • Knowledge of CMB policies and procedures as per CMB FIM
  • Wide personal connections within the group and outside the group (chambers of commerce and other associations
  • Bachelor’s Degree in Finance, accounting or related fields

 

Details

Account Manager, Commercial Banking - Eastern Ontario

Posted:October 26, 2018

 

A Tier One Canadian Bank is seeking Commercial Account Managers, with a natural talent for sales and portfolio management, to join their organization in the Ottawa-Kingston corridor. The primary focus of this role will be to proactively build and maintain an existing portfolio of clients within a specific industry sector.  Your responsibility will be to grow and deepen existing and new relationships through the delivery of specialized industry expertise and whose specialized and proactive approach aligns sales, products, risk policy and market strategies to deliver a broad range of solutions specific to the clients’ needs. This is an opportunity to work in a dynamic, collaborative, progressive, and high-performing team, with excellent career growth prospects.  Proven business development and client retention skills are key.

Responsibilities:

Experience and Qualifications:

Compensation:

For more information or to apply to this position, please contact:

Stephanie D. Williams
Director, Executive Search
Collins Recruitment Group 

20 Toronto Street, Suite 420
Toronto, Ontario M5C 2B8
Phone: (416) 945-6601 Ext 231
Toll free: (855) 945-6601
Email: swilliams@collinsrecruit.com
Web: www.collinsrecruit.com

Details

Regional Sales Manager

Posted:February 4, 2019

 

Our client, a US Equipment Financing company expanding within Canada, is seeking an experienced sales professional to promote mid-ticket non-prime equipment leasing solutions. Transactions include working capital loans and lease financing within the fleet transportation, construction, and waste management industries. The focus of business development efforts is on the end-user as opposed to vendor.

Home office based position.

Incumbent must have ability to travel throughout the assigned territory.

Responsibilities:

Requirements:

To apply for this position, please contact:

Stephanie Williams
Director
Collins Recruitment Group
Phone: (416) 945-6601 ext. 231
Email: swilliams@collinsrecruit.com

All enquiries and applications will be held in strict confidence

Details

Intermediate Staff Accountant

Posted:September 14, 2018

 

Our client, a well established public accounting firm downtown Toronto has an immediate need for a recent CPA designated Intermediate Staff Accountant

Responsibilities include:

Details

Senior Staff Accountant

Posted:September 14, 2018

 

Our client, a well established public accounting firm downtown Toronto has an immediate need for a CPA designated Senior Staff Accountant


Responsibilities include:

Details

Senior Manager, Capital Markets DFE Product Control

Posted:September 14, 2018

 

The Daily Financial Estimates (DFE) Product Control Team is accountable for the integrity and timeliness of gross revenue for management records and reporting; namely Profit and Loss (P&L) reconciliation and decomposition to trader’s Same Day Estimates (SDE).  This Team Lead role reports to the Director of the DFE Product Control Team within the accounting center of excellent “COE” where you will be the People Manager of 5 Equity Markets and Equity Derivative DFE analysts.

How You’ll Succeed

Who You Are

Details