Senior Risk Manager, Credit Risk
League Savings and Mortgage
Halifax, NS | Moncton, NB | Ottawa, ON | Saint John, NB
Job Details:
Benefits:
League Savings and Mortgage is currently accepting applications for Senior Risk Manager, Credit Risk.
We are:
League Savings and Mortgage (LSM) Company provides tailored financial solutions designed to meet the unique needs of our customers. Backed by a dedicated team of financial professionals, we ensure every solution aligns with our customers' personal and business goals. With nearly six decades of experience and a legacy of success, League Savings remains a trusted partner-delivering competitive solutions and results that count.
What we offer:
- Flexibility and balance, working from home.
- Working with a dynamic, knowledgeable and community-focused team.
- This is a permanent full-time position with an annual salary range of $121,513 to $142,957
- Competitive performance-based incentives.
- Competitive benefit package including a Flexible Health and Dental Plan.
- Group Savings for Retirement Options up to 8% of base earnings with TFSA option. Matching GSRP contribution by the Company.
- Generous paid time off including Me Time, Vacation, Sick Days, and Volunteer days.
- Tuition reimbursement, training, and personal development.
- Perks such as reduced rates on employee loans/mortgages, plus wellness and social committees.
If your values align with ours, consider joining our team as our Senior Risk Manager, Credit Risk.
This dynamic role acts as the representative for Risk Management department with a focus on commercial lending portfolio quality and oversight. Working closely with the Director, Credit Risk, they are responsible for loan adjudication, loan monitoring and coaching to ensure loan origination, account management and portfolio monitoring comply with LSM's Commercial Lending Criteria & Procedures and all relevant Executive and Board Policies.
With the flexibility of working from home, responsibilities include:
1. Adjudicating new commercial loan applications, amendments and annual reviews within delegated lending authority. Recommending to Executive Management Credit Committee as required based on loan amount and or total connection.
2. Providing support and training to the Commercial Lending team. This will include activities such as coaching on acceptable underwriting and loan structures, assisting the Commercial Lending team with risk ratings, advising on overrides if appropriate. Provide coaching on watch list accounts, reviewing and signing off on watch list recommendations, action plans and expected credit loss.
3. Tracking and monitoring the status of:
- Annual reviews for the Commercial Lending portfolio
o Involves monitoring of progress, setting targets, ensuring overdue reviews stay within the acceptable limit; periodic review and update template documents
- Mortgage maturities and renewals
o Tracks pending maturities working with the Commercial Lending Analyst and Administrator to ensure appropriate review and approvals are in place to facilitate timely renewals
- Delinquency and Watch List Accounts
o Monitors daily and weekly 'NSF' returned payments and delinquencies, following up with the Account Manager to ensure timely and effective action plans
o Attends monthly and quarterly update meetings, responsible for follow up with analysts to ensure timely completion of reporting and action items with a focus on minimizing loss
4. Leading the annual review and update of the Commercial Lending Criteria and Procedures Guide
- Keeps track of proposed amendments between review periods, completes annual updates and provides notice of changes and training to Commercial Lending and AC Lending Services as appropriate
5. Attending Executive Management Credit Committee and Management Credit Committee meetings, assist with review of credit committee minutes
6.Assisting with monthly and quarterly research and market monitoring, identifying current economic conditions and emerging risks relevant to the commercial and retail lending industry
7. Assisting with the periodic stress testing scenarios for the lending portfolios
8. Reviewing and analyzing portfolio analytics
- Works closely with Finance and Administration to prepare and analyze the monthly commercial portfolio analysis
9. Maintaining and developing template documents to support consistency and accuracy in underwriting and account management practices
- Works closely with Commercial Lending to build on and maintain templates required for consistent approach to account management
- Creates, incorporates periodic reviews, and liaises with in-house legal for the preparation of external template documents (ie Offer of Finance templates for Commercial Lending products)
- Creates and incorporates periodic review of a watch list report template to provide monthly and quarterly updates; and provide a process for submitting recommendations
10. Completes other projects and duties as assigned.
The Senior Risk Manager, Credit Risk will have successfully completed a Bachelor's degree in commerce (Major in Urban Land Economics considered an asset), plus have 9 or more years of related experience, or an equivalent combination of education, training and experience. Professional designation or working toward one (e.g., FRM, CRM, CPA, CFA, or CAMS) considered an asset.
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