- Health & wellbeing resources and programs
- Paid vacation, personal, and sick days for work-life balance
- Competitive compensation and benefits packages
- Hybrid and flexible work arrangements
- Career growth and development opportunities
- Opportunities to contribute to community causes
- Work with diverse team members in an inclusive and collaborative environment
- Develop new credit policy and procedures for retail lending products.
- Manage and update mortgage RMUP to enhance and support business objectives with a strong focus on meeting credit risk appetite.
- Working with Products to incorporate nuanced criteria in credit policy.
- Address various aspects of credit risks in the policy.
- Work with the other members of the Credit Risk team to develop data driven rationale in support of policy updates.
- Establish robust performance measures(KPIs and KRIs), track and report to senior management.
- Conduct basic analysis on portfolio performance, as required using Power BI tool.
- Prepare senior management presentations and lead key committee forum(s).
- Work with Second Line or Third Line of Defence on various aspects including internal audits and regulator audits
- Say up-to-date on current and upcoming regulatory guidelines impacting credit risk management
- Making recommendations and initiating the process to update relevant policies and procedures to proactively address upcoming changes to regulations.
- Bachelor degree or higher.
- 7+ years in credit risk management in retail banking.
- 5+ years in Mortgages.
- Thorough understanding of B-20 guidelines.
- Deep understanding of both Alternate and Prime mortgage marketplace and associated credit practices
- Experience with credit policy development.
- Well versed with different consumer lending products and associated underwriting practices.
- Full understanding of OSFI expectation of Income reasonability for underwriting purposes across all lending products.
- Past experience in dealing with OSFI Q&As and audits will be preferred.
- Experience working with internal ratings-based approach to credit risk assessment and decisioning
- Experience understanding and translating credit decisioning criteria into policy
- Ability to frame analytical questions and prepare analysis using a self serve tool e.g., Power BI
Senior Manager, Credit Policy - Toronto, Canada - Community Trust
Description
Senior Manager, Credit Policy
5700 Yonge St, Toronto, ON M2N 5M9, Canada Req #2526 Friday, March 15, 2024 Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure. We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about our mission and each other. Your team members will help you conquer challenges, push boundaries and discover what you are truly capable of. This is a place where you can explore, discover and learn with continuous growth. As a diverse and inclusive place to work, there are flexible working arrangements so you can unleash your creativity and curiosity with no limits. If you share the same sense of infinite possibility, come shape your future at Questrade.We're looking for our next Senior Manager, Credit Policy. Could it be you?
Community Trust Company (CTC) is a member of the Questrade Group of Companies (QFG), which currently includes Questrade Inc., QuestEnterprise, Questrade Wealth Management Inc., CTC, Thinknsure Ltd., and Zolo Ventures Ltd.
What's in it for you as an employee of QFG?
What's it like working as a Senior Manager, Credit Policy at Community Trust Company?
The Senior Manager, Credit Policy will be responsible for developing and managing credit policies for consumer lending products e.g., mortgages, credit cards. The role will require understanding of different lending products, credit risk controls, regulatory requirements and operational nitty-gritty. The mandate will be to develop, manage, maintain, and update credit policies across different retail lending products.
There will be special emphasis on managing and updating mortgage RMUP ensuring full compliance with OSFI B-20 guidelines. This will require thorough understanding of the mortgage underwriting principles encompassing 5Cs of credit. The role will require putting special emphasis on geographic risk associated with mortgage underwriting. In addition, the role will require working with Mortgage Advisors/Officers and Underwriting to provide guidance and capture feedback for future policy enhancements. The role will require proactive enhancements of policy to support growth.
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In this role, responsibilities include but are not limited to:
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