Credit Risk Manager

La Banque HomeEquity

Banque canadienne à charte de l’annexe I, la Banque HomeEquity est le plus important fournisseur d’hypothèques inversées au pays et son portefeuille de prêts est en croissance. Étant la seule institution financière à se consacrer uniquement aux propriétaires de 55 ans et plus, la Banque HomeEquity a à cœur d’aider les propriétaires canadiens à vivre leur retraite comme ils le souhaitent. Nous tenons cette promesse tous les jours grâce à nos solutions d’hypothèque inversée, dont notre produit phare, l’Hypothèque inversée CHIP^MC.

Nos valeurs, notre passion

À la Banque HomeEquity, ce sont nos valeurs qui orientent et inspirent nos actions auprès de nos clients, de nos partenaires et entre nous.

Nous sommes d’ardents défenseurs au service de nos clients.

Nous avons le courage d’agir et de faire ce qui est juste.

Nous formons une équipe, nous avons une même vision.

Nous voyons loin et nous sommes en constante évolution.

POSITION SUMMARY:

The role will support the execution of HomeEquity Credit Risk Management Program with a focus on policy and process including portfolio credit risk management and default/loss management principles.  expanding the entire credit lifecycle. As a second line of defense role, it will lead an independent challenge program with respect to the end-to-end adherence to Bank policies and procedures. Will ensure regulatory compliance with regards to OSFI and other applicable regulations and guidance. 

MAJOR ELEMENTS OF THE ROLE:

Support in the execution and continuous improvement of the Bank’s Credit Risk Management program. 

• Contribute to the development, review, and update to the Bank’s mortgage underwriting policy (RMUP) and guidelines (RMUG)
• Assist in the design and implementation of policies, procedures and standards related to portfolio risk management and default / loss management.
• Conduct independent challenge over the Bank’s credit underwriting to ensure mortgage approvals and quality controls are aligned with the Bank’s risk appetite and OSFI B-20 principles. This extends to independent 2^nd line work with respect to challenge of default and loss management.
• Perform critical review/challenge on credit escalations/ underwriting policy exceptions to make well reasoned recommendations for management consideration and approval.  Ability to review credit files to recommend alternative ways/mitigants to enable approval of files that should otherwise be declined. 
• Assist in the preparation of regular credit metrics reporting, highlighting portfolio composition and performance for key internal and external audiences as may be required.
• Contribute to the development of proactive portfolio management strategies to support the Bank’s overall risk appetite.
• Provide active and direct support to resolve outstanding audit and regulatory issues and respond to ad hoc Senior Management and regulatory requests. 
• Maintain open and positive dialogue with business units and leaders to provide solutions to credit files.
• Keep up-to-date with risk management best practices, risk policy, and macroeconomic factors that impact the Canadian real estate market.
• Contribute to Risk Management Department projects and initiatives, as needed. 

SKILLS AND EXPERIENCE REQUIRED:

Qualifications

• Post secondary education with 7+ years of experience in retail Credit Risk Management encompassing the credit life-cycle, together with a solid knowledge of retail products, particularly mortgages. 
• Strong experience in credit risk policy design and independent challenge roles including executing risk-based monitoring and testing programs. 
• Strong background in designing and implementing credit risk reporting for Management and Board. 
• Deep, applied knowledge of OSFI B-20, B-15 and other relevant regulatory framework/ Guidance.
• Possess broad mortgage underwriting expertise and must be able to conduct enhanced due diligence reviews on credit escalations/policy exceptions.
• Highly Proficient with MS Office applications (Word, Excel, PowerPoint).
• Hands on experience with Data Visualization and Analytics tools (Looker, Tableau, Power BI, etc.)
• Broader knowledge of the mortgage industry in Canada and industry best practices in Credit Risk.
• Excellent communication skills with ability to positively engage with business partners and external stakeholders

Attributes

• Well-developed analytical, problem solving, research, and control testing/ audit skills. 
• Well-rounded experience of the retail credit life-cycle
• Effective organizational and time management skills with the ability to manage multiple and changing priorities with minimal supervision. 
• Excellent verbal and written communication skills, including experience in preparing and presenting reports and presentations to various levels of management. 
• Must be pro-active, self-motivated and a self-starter. 
• A positive attitude, a desire to learn, and a willingness to persevere to get work done, either independently or as part of a team. 
• Strong attention to detail and accuracy. 

Working Conditions Unique to Job:

• Hybrid office environment