Manager, Risk Management (Credit Risk)

As an independent officer of the second line of defense from the Risk Management department, Manager – Credit Risk will report to Director, Credit Risk with regards to Shinhan Bank Canada’s Credit Risk Management function and other ancillary credit risk management functions within the organization. S/he will act as a champion and challenger, guiding business partners/first line of defense in implementing credit risk management practices and supporting the Risk Management Department’s overall mandate.Key Responsibilities & Accountabilities
Support the CRO and Risk Management Committee (RMC) with actionable insights to make informed, risk-based decisionsAnalyzes case specific data and information to provide risk-related insights and recommendations for new loan originated by the Bank;
also for specific caseswithin assigned portfolio;
Assists junior team members within RMD to learn QA review processHighlights significant information including variances in financial performance, trends, gaps for the assigned portfolio and escalates as requiredConducts Quality Assurance Review of the assigned portfolio in a satisfactory manner as per the Bank’s guidelinesConducts Loan Review of the assigned portfolio in a satisfactory manner as per the Loan Policies of the BankMonitors the portfolio on ongoing basis in addition to annual reviews & quality assurance checksPresents findings and analysis results to the Director and the CRO as needed and as applicable as per policiesPrepares specific and ad-hoc portfolio reports for the senior management & other stakeholders from time to time, including Stress test exercise for ICAAP and for RMC update on regular basisTracks and executes remediation plan for identified gaps in the loan portfolioShares feedback for process & policy improvement based on ground level observationsKeeps working files up to date and current at all timesEnsures follow up with first line of defense and closure of key items/observations in a timely mannerDeals with internal & external auditors and to arrange case specific data, information, folders in time bound and quality mannerAddresses auditor’s and examiner’s queries & observations in a satisfactory mannerEnsures adherence to the Bank policies and regulatory guidelines such as B-20 for the assigned RESL portfolioIdentifies and escalates gaps in overall compliance (of the assigned portfolio) with the policies & guidelines and suggests remediation plan for such gapsStrives to enhance risk culture with first line of defense through healthy inter-personal discussionsPrepares, suggests, assists and develops relevant training material for first line of defense of the Bank as requiredSupports interpretation of internal and external policies and regulatory requirements relevant to the analytics mandateAssists in performing risk analytics and modeling, including developing scenarios and assumptionsAssists in reviewing and validating the internal rating models and risk components including, PD, LGD and internal credit ratingsMonitor and review effectiveness of problematic loan management and remedial plansMake a challenge for any gap of the Bank’s process and procedures from regulatory requirementJob Requirements
Education Requirements:
Bachelor’s degree in accounting, finance, or risk management-related requiredWork Experience Requirements:
5-10 years of experiences in financial service industry is considered an assetIn-depth knowledge of Canadian lending practices, laws and regulations (e.G. OSFI B-20)Working experience in credit risk management in underwriting process, with knowledge of accounting principles and financial statements analysisStrong research and communication skillsAbility to effectively communicate with loan officers, branch managers, senior management, committee members, and regulators with regards to presenting new findings and responding questionsStrong integrity in all areas such as adherence to policies and regulations, maintaining utmost ethical and legal standards, and upholding confidentiality and privacy of findings in all situationsDemonstrate ability to prioritize and handle multiple projects while remain flexible to unpredictable changes to schedule and deadlinesCPA designation or FRM or in pursuit of any equivalent designation, would be considered an assetKnowledge & Skills
Knowledge of Administration processes, practices and proceduresRisk, compliance and audit mindsetLocal market knowledgeKnowledge of Policy Development processesProject managementSpecialized subject matter expertise and knowledge
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