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    AVP, Special Asset Management - Toronto, Canada - CWB Financial Group

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    Full time
    Description

    At , we strive to build value for the people who choose us every day: our people, our clients and our investors. We do this by:

  • Putting people first and building relationships with intention
  • Seeking out and embracing new ideas
  • Believing that how we do things is as important as what we do
  • Location | Edmonton, AB, Calgary, AB, Vancouver, BC, Toronto, ON,

    Put a new on your banking career

    We're different from the big banks in we engage our employees - caring, responsive, and armed with an obsession for growing talent. Our reputation is powered by a people first culture that ensures our employees be and feel heard, promotes inclusivity and diverse viewpoints, and inspires collaboration and innovation.

    The Opportunity

    Are you looking for an opportunity to demonstrate your creativity and experience in commercial lending? Look no further

    Our Special Asset Management Unit (SAMU) team is searching for an AVP, Commercial, SAMU that will conduct the due diligence of sensitive and critical high-risk commercial portfolio files.

    We are on the hunt for an individual with in depth knowledge of underwriting, credit and financial analysis skills. This role will be a critical partner, managing commercial, high risk borrowing by minimizing Canadian Western Bank's overall risk, with a focus towards the rehabilitation of the commercial client lending relationship.

    What you will be responsible for

    Client experience. Business growth. Credit management. Risk mitigation

    Relationship Management

  • Navigate complex, highly sensitive and confidential commercial client accounts, with a focus on restructuring, retention, rehabilitation, and balancing the risk and interests of the organization
  • Maintain expert knowledge of commercial clients and prospects, market, competition, and economic factors, in conjunction with a robust understanding of key business issues and trends
  • Develop client relationships under stressful conditions, must be comfortable with frank and direct discussions with borrowers while maintaining client engagement.
  • Identify and respond to changes in the business environment, establishing action plans to address commercial client's issues and priorities
  • Leverage established skills in high-risk commercial account restructuring, providing lending creative solutions to meet client needs, utilizing internal partnerships wherever possible
  • Navigate and excel in negotiating with large company CEO / CFO / Executive levels in complex interactions. Also, comfortable dealing with senior syndicate partners with the ability to negotiate at the most senior of levels.
  • Develop and execute a relationship strategy for high-risk commercial clients, identifying the key issues surrounding the relationship and implementation of the strategy

  • Risk Mitigation

  • Responsible for the overall day to day management of high-risk commercial accounts and the restructuring of loans to an acceptable level of risk or to maximize recovery of capital
  • Review complex and sensitive commercial loans, perform oversight of watch loans, provide assistance and coach to Lenders as required
  • Responsible for identifying deteriorating situations within the assigned high risk commercial portfolio that can result in material risk/losses to the organization
  • Responsible for all identified commercial high-risk files, removing from 1st line origination with the desire to rehabilitate file and transition back to 1st line
  • Work with internal resources and external vendors in maximizing repayment under realization, collection, and liquidation, where rehabilitation of a commercial file is not possible
  • Act as a resident expert and provide a deep understanding of the insolvency environment and process, including comfort in dealing with insolvency professionals at the most senior levels
  • What you bring

    Education & Experience

  • Undergraduate degree in commerce, finance, or accounting discipline
  • Seven (7) to ten (10) years strong lending and relationship management background in large financing including syndicated transactions (Commercial, Real Estate and Equipment Finance)
  • Three (3) to five (5) years of credit adjudication
  • Proven professional network in the syndication and/or insolvency market definite asset
  • Corporate lending and syndication experience is an asset
  • Personal Competencies

  • Proven coaching and leadership skills
  • High level experience with financial statement analysis and modeling as well accounting software programs
  • Ability to build effective relationships with various stakeholders and parties
  • Above average technical skills including working high level knowledge of Excel, Word, and Adobe Forms
  • Strong organizational, analytical, critical thinking, negotiation, mediation skills
  • Sound problem solving skills and judgement
  • Strong interpersonal and communication skills, both verbal and written
  • Excellent risk analysis and assessment abilities
  • Ability to work through sophisticated situations and yield solutions
  • Why work with us?

    Your success is our obsession And our award-winning culture & benefits back it up.
    Proudly recognized by Great Place to Work in 2023 as one of Canada's top 50 Best Workplaces & recipient of Waterstone Human Capital's Most Admired Corporate Culture 2023.

    . We offer an award-winning benefits package that includes:

  • Hybrid work environments
  • Everyday flexibility
  • Generous company-funded health coverage
  • Health care spending account
  • A flexible wellness program
  • generous time-away options to unplug, rest & recover
  • We commit to our employees' development and help them reach their professional goals with:

  • Organization wide coaching services
  • Mentorship
  • Education support & training programs
  • Inclusion is a journey requiring practice & experience to result in a powerful outcome. Your perspective matters & voice will be heard. Find community within the CWB family in our employee represented groups.

    #LI-BS1

    IND-BS

    As an equitable employer, CWB Financial Group is committed to providing a safe and where a diverse workforce thrives. You are welcomed and encouraged to bring your whole self to work. Dignity, respect and equality are non-negotiables. If you require during any part of the recruitment or selection process, please reach out.

    Closing Date:

    Position closes at 12:01am on the close date identified below.

    05/8/2024

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