Financial Services Manager - Ottawa, Canada - EDC

EDC

Verified Company

Ottawa, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Posting Date:
Mar 8, 2024, 8:13:52 AM

Primary Location:
Ontario-Ottawa

Job Type:
Contract

Schedule:
Full-time

EDC is Canada's export credit agency, offering information, knowledge, and innovative commercial solutions to help Canadian exporters and investors expand their international business.

We take on risk so Canadian businesses can take on the world.

When you join our team, you'll be helping Canadian companies bring their vision, passion, and innovation to the global marketplace.

Your knowledge and expertise will support more than 25,000 Canadian companies and their customers in as many as 200 markets worldwide.

You'll work shoulder-to-shoulder with the best and brightest in an inclusive, collaborative environment that fosters professional development and success.

And you'll know that you're making a difference every day—for companies, for Canada and for the people you work with.

Year after year, EDC has been recognized as a Top 100 and Top Family-Friendly Employer. #LI-Hybrid

Team & Job Overview

Discipline Summary

Provides insurance to Canadian banks against foreign bank credit risk as it relates to activities in the trade finance space;
Assesses risk and structures standard and nonstandard transactions;
Undertakes credit and/or financial analyses and identifies and evaluates a wide range of credit and noncredit risks, mitigants and the suitability of customers and counter parties, ensuring alignment with EDC guidelines, standards and risk appetite;
Establishes appropriate transaction pricing, terms and conditions;
Provides ongoing customer service throughout the transaction process that meet the needs of Canadian financial institutions while balancing the Corporation's requirements;
Conducts annual surveillance reviews on all rated banks;
Monitors key marketspecific risk events and recommends pricing and risk appetite adjustments as appropriate, on an ongoing basis;
Works with business development teams and other stakeholders to identify, develop and respond to new business opportunities;
Participates in continuous improvement and product initiatives.

Key Responsibilities

Displays strong underwriting expertise in customizing, structuring, and in the formulation of appropriate policy coverage which is reflective of risk;
Manages standard and nonstandard transactions within a geographic portfolio of foreign bank counterparties in support of both Insurance and Financing business teams as well as credit assessments on foreign banks for FinDev transactions;
Recommends and approves policy underwriting transactions within policies, guidelines and assigned delegation of authority;
Recommends pricing exceptions and formulates pricing strategies;
Contributes ideas to new product development, enhancements, and process improvements;
Assesses risk, structures and delivers of "out of the box" solutions including tailored pricing based on internal references and model, industry knowledge and relevant capital market benchmarks (i.e. bond spreads, credit default swaps, credit ratings);
Screens complex and unique opportunities and determines eligibility for consideration of various products and designs solutions;
Promotes innovation and actively leads initiatives to introduce new underwriting approaches and contributes ideas to new product development, enhancements, and process improvement initiatives.

Screening Criteria

Completed an Undergraduate Degree in Business Administration, Finance, Accounting, or in a related field
Minimum of 2 years (level 15) or 5 years (level 16) of experience in insurance underwriting or in financial services
Working/advanced knowledge of insurance underwriting principles and practices

Assets

Bilingual in both official languages (French and English)
Read and communicate in Spanish
Strong excel skills
MBA and CA, CFA, CMA or CGA designation
Solid knowledge of international business practices and international trade

Salary Range
Salaries are based on qualifications and experience and typically range from:

Level 15: $62,336
$83,11
Level 16: $71,063
$94,752

Location

Export Development Canada is a hybrid work environment.
This role may be performed from EDC's headquarters in Ottawa, or from community hubs in Toronto or Montreal.

EDC's Commitment to Employment Equity
**How to apply