Avp Commercial Credit

Why FirstOntario?
Competitive compensation packages
Top-tier health and wellness benefits, including comprehensive benefits packages, a yearly health spending account and personal spending account
Enhanced mental health benefits through SunLife and TELUS Health
Exclusive banking benefits
Up to $1000 per year towards professional development
Pension Plan
Flex-work environment
Company-wide Employee Volunteer program (Blue Wave Program)
Employee and Family Assistance Program
Job OverviewThe Associate Vice President (AVP), Commercial Credit is responsible to lead the Commercial Credit team within FirstOntario, ensuring the group meets its mandate of providing effective credit risk adjudication, control and oversight of the commercial and small business lending portfolio. The team delivers professional credit adjudication support across all commercial and small business lending products.
The AVP, Commercial Credit is responsible for provision of outstanding service in commercial credit activities and supporting development of new and innovative approaches to credit management.
Role
Review, recommend, and approve credit applications within your approval authority
Lead the Commercial Credit adjudication team, ensuring each team member is meeting their individual accountabilities and objectives with a high level of accuracy, professionalism, and efficiency
Ensure the team is meeting its established commitments and service level standards to internal and external partners for loan adjudication to support FirstOntario's growth strategy in commercial and small business lending
Ensure commercial and small business lending decisions approved by yourself and the team are within FirstOntario's risk appetite and Credit Risk Management Framework
Regularly coach and provide feedback to your team members to enable them to have confidence in what they do and help them grow
Ensure risks control within the commercial credit process are executed accurately and in compliance with regulatory and internal requirements
Monitor and assess portfolio performance against established key risk indicators
Support the team in reviewing and approving commitment letters, renewal documentation, pre-funding documentation and loan fundings within established credit procedures
Support the ongoing enhancement of credit policy and process improvement, to ensure operating efficiency, while maintaining effective risk control
Facilitate recommendations and presentation of credit files at the Management Credit Committee and Board, when required by policy
Maintain expert-level knowledge of FirstOntario's lending products, parameters, credit procedures, systems and tools
Establish effective working relationships with internal business partners and leaders across the organization and external business contacts to support the team's objectives
Maintain knowledge of industry developments and trends, economic conditions in an effort to support our continued evolution as a commercial lender, as we expand and grow our commercial lending business
Assist with development of new technologies, process improvements and innovations to ensure FirstOntario is well positioned to deliver services that improve member experience and profitability while protecting member assets
Manage resources to meet department budget, business plans, and service level agreements, monitoring variances and taking action to ensure targets are met
Ensure the team adheres to all audit, compliance, and internal control requirements
Communicate clearly, respectfully, and effectively to your team and across the organization
Impart your expert knowledge on staff and colleagues to help them stay on top of the evolving business environment
Participate actively in personal professional development, and the development of your team
Perform other duties as required
Required Skills
Post-secondary degree or diploma in business, economics, or a related discipline;
an equivalent combination of education and experience will also be considered
Minimum 10-15 years of commercial lending experience, including experience in relationship management, credit risk underwriting and adjudication
Have 5-10 years of commercial real estate lending experience and 5-10 years of non-real estate lending experience (commercial and small business) to support the future growth of FirstOntario
Have 5-10 years of experience managing high-performing teams, with demonstrated ability to engage, lead, coach and develop a team of people to deliver excellent service
Expertise in commercial credit products, procedures and services including in-branch, online, mobile, teleservice and other channels by utilizing your extensive experience within the financial services industry
Strong negotiating skills, ability to exercise sound judgement and make informed credit decisions under pressure
Strong analytical and problem-solving skills in handling complex credit issues and be resourceful in ways to find innovative solutions
Possess an innate ability to be detail-oriented, use good judgment and ensure the accuracy of numerical data and cost-effective use of company budget dollars
Ability to manage multiple priorities and strict deadlines
Flexible and adaptable to changing priorities and able to lead in difficult and challenging situations and deal with uncertainty
Forward-thinking and strategic approach, ensuring to stay ahead of market changes and best practices within the industry
Highly proficientusingacomputerparticularlyMSOfficeandcreditadjudication software
Collaborative team player willing to support colleagues as needed
Responsive and service-oriented, with a commitment to supporting all internal and external partners
Excellent interpersonal skills with strong verbal and written communication and presentation abilities
Be aware of and mitigate enterprise risk factors and ensure compliance with applicable regulations, legislation and FirstOntario policies and procedures
Be willing to work flexible hours to accommodate business need ,networking ,and community involvement
This is a hybrid role. This posting is for an existing vacancy.
Salary Range: $145,982 to $182,478 annually.
Compensation for this role reflects a combination of skills, experience, and internal equity. Those whose experience more closely aligns the role's requirements may be placed higher within the salary range. You will learn more about FirstOntario Credit Union's total rewards package during the interview process.
Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know.
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