Senior Manager Credit Risk Management

Join a Challenger
At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity.We can’t wait to get to know you!The Work
The Senior Manager, Credit Risk Management reports to the Senior Director, Credit Risk Management and supports Senior Management with respect to all aspects of credit risk management in the Bank. The Senior Manager will be responsible for assisting in the development and operationalization of credit risk strategies and will oversee all loan portfolios with the objective of maintaining high quality lending and risk mitigation strategies.Key aspects of the role are governance, strategic initiatives, and managing key internal relationships enterprise-wide to champion risk and credit culture at the Bank.The Core Responsibilities
Provide independent and effective challenge to credit policy and credit procedure changes, amendments, and work collaboratively on new developments as proposed by the Business LinesMonitor the loan portfolios for relevant trends, insights and provide ad-hoc credit risk reports to members of senior management and to support quarterly board reportingLiaise and maintain strong relationships with the credit functions across the business lines to ensure that credit policies are adhered to in the organizationMonitor exception frameworks in the business lines and expedite relevant trends and insightsSupport in managing responses to recommendations/requests from OSFI and Internal Audit to ensure they are timely and accurateSupport the Senior Director, Credit Risk Management and Quality Assurance leaders in ongoing and continuous improvement initiatives to generate operational efficienciesLead Quality Assurance initiative and ongoing reviews for Merchant acquiring business unitProvide effective challenge of changes to policy/procedures/processes proposed by the Retail business units and make recommendations to Senior Director, Credit Risk ManagementEnsure proposed products are in alignment with the bank’s credit risk appetite as articulated in credit policies and procedures and that satisfactory risk mitigation strategies have been discussed and documentedReview and recommend Credit Risk support of new initiatives to the Senior Director, Credit Risk ManagementLet’s Talk About You
Have a minimum of 5-8 years of lending experience with expertise in a combination of commercial banking, retail lending including Single Family mortgages, construction and commercial mortgages, and portfolio management/analytics experiencePost-secondary education (diploma/degree), preferably in business or finance with an MBA or accounting designationDemonstrated leadership skills and strategic thinkingProven ability to thrive in a constantly changing environment and to perform well in a high volume, high intensity environmentProven ability to inspire a team to work toward a set of goals and objectivesHighly developed verbal and written communication skills with the ability to communicate to Senior Management in a clear, concise and professional mannerStrong understanding of real estate/commercial/asset-based underwriting and valuation techniques, financial statement analysis, secured lending and factors affecting the mortgage marketStrong analytical and problem-solving skillsStrong organizational and time management skillsAbility to handle multiple competing priorities is a mustWhat we offer [For full-time permanent roles]
Competitive discretionary bonusMarket leading RRSP match programMedical, dental, vision, life, and disability benefitsEmployee Share Purchase PlanMaternity/Parental top-up while you care for your little oneGenerous vacation policy and personal daysVirtual events to connect with your fellow colleaguesProfessional development and comprehensive Career Development programA fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experienceThe incumbent will be working hybrid and in office time will be spent working from EQ Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.Equity, Diversity & Inclusion
EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.To learn more, visit eqb.Investorroom.Com and eqbank.Ca.
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