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
Start Date: As soon as possible
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.
- 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.