Manager, Wholesale Credit Risk recruitment
The responsibilities of the Manager Wholesale Credit Risk is to provide leadership and direction for the Bank in relation to Wholesale Credit Risk. The position will require performing credit analysis on the issuers of potential and existing securities in the bank’s investment portfolio, administering the local and global risk measurement/management systems, ensuring compliance with the Bank’s policies and procedures, and providing comprehensive reporting to local, Head Office and regulatory bodies to highlight credit risk assumed on the Wholesale portfolio.
Responsibilities:
• Lead person on all Wholesale Credit related issues including preparation and maintenance of credit applications for Head Office and local approval as well as perform annual reviews of all existing wholesale credit facilities
• Responsible under Head Office Delegated Authorities for the approval of wholesale credit limit requests for structured product investments
• Responsible for overseeing the monthly wholesale credit risk monitoring and reporting. Including Derivatives Report and Securities Portfolio Report), monthly Finance-Risk reconciliation, and quarterly Starpro Problem Loan Management reporting for restructured assets
• Responsible for monitoring and maintenance of credit limits and exposure utilization. Working with Treasury and various Head Office areas to ensure that any exceptions are resolved in a timely and satisfactory manner
• Development, enhancement and maintenance of credit risk databases
• Responsible for overseeing the update of the DBRS issuer database used for monitoring the credit ratings of all investment portfolio issuers
• Liaison between Wholesale Credit and other groups of the bank i.e. Finance and Treasury regarding credit limit requests well as any other ad-hoc credit related requests
• Develop and maintain credit policies, including the annual review and update to the Board of Directors
• Continuous enhancement of credit risk procedures, monitoring and reporting to achieve best practices
• Participate in the development of proposals to provide greater diversity and depth to the products available for investment opportunities with the requirement of assurance that all risk metrics are identified and proper process analysis is performed. Presentation of the new product proposal to the Local Credit Risk Committee and Head Office to achieve appropriate approvals
• Participate and manage different projects with Head Office and locally
Qualifications:
• 5 to 10 years’ experience in credit risk functions
• 1 - 2 years’ experience in managing staff
• Strong working knowledge of structured financial products, derivatives, and commercial lending
• Strong analytical and statistical skills
• Ability to stay organized and focused
• Ability to work accurately and autonomously within tight deadlines
• Business related postgraduate degree, MBA/CFA is preferred
• Must be Canadian citizen or permanent resident and legally able to work in Canada
Contact Information:
Should your skills and experience match the requirements of this position, please forward your resume to Jennifer Reece at Thorek/Scott and Partners.
APPLY TO: jreece@thorekscott.com
All inquiries and applications will be held in strict confidence.
We regret that only qualified candidates will be contacted.
If you're not interested but know someone who is, please help out a current or former colleague by reffering them.