At a Glance
- Tasks: Lead credit risk management and provide insights for informed decision-making.
- Company: Join Shinhan Bank Canada, a leader in financial services.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity to grow in a dynamic and ethical workplace.
- Why this job: Make a real impact on credit risk practices and enhance your career.
- Qualifications: Bachelor’s degree in finance or related field; 5-10 years of experience preferred.
The predicted salary is between 74531 - 91093 $ per year.
As an independent officer of the second line of defense from the Risk Management department, Manager – Credit Risk will report to Director, Credit Risk with regards to Shinhan Bank Canada’s Credit Risk Management function and other ancillary credit risk management functions within the organization. S/he will act as a champion and challenger, guiding business partners/first line of defense in implementing credit risk management practices and supporting the Risk Management Department’s overall mandate.
Key Responsibilities & Accountabilities
- Support the CRO and Risk Management Committee (RMC) with actionable insights to make informed, risk-based decisions.
- Analyze case specific data and information to provide risk-related insights and recommendations for new loans originated by the Bank; also for specific cases within assigned portfolio.
- Assist junior team members within RMD to learn QA review process.
- Highlight significant information including variances in financial performance, trends, gaps for the assigned portfolio and escalate as required.
- Conduct Quality Assurance Review of the assigned portfolio in a satisfactory manner as per the Bank’s guidelines.
- Conduct Loan Review of the assigned portfolio in a satisfactory manner as per the Loan Policies of the Bank.
- Monitor the portfolio on an ongoing basis in addition to annual reviews & quality assurance checks.
- Present findings and analysis results to the Director and the CRO as needed and as applicable as per policies.
- Prepare specific and ad-hoc portfolio reports for senior management & other stakeholders from time to time, including Stress test exercise for ICAAP and for RMC update on a regular basis.
- Track and execute remediation plan for identified gaps in the loan portfolio.
- Share feedback for process & policy improvement based on ground level observations.
- Keep working files up to date and current at all times.
- Ensure follow up with first line of defense and closure of key items/observations in a timely manner.
- Deal with internal & external auditors and arrange case specific data, information, folders in a time bound and quality manner.
- Address auditor’s and examiner’s queries & observations in a satisfactory manner.
- Ensure adherence to the Bank policies and regulatory guidelines such as B-20 for the assigned RESL portfolio.
- Identify and escalate gaps in overall compliance (of the assigned portfolio) with the policies & guidelines and suggest remediation plan for such gaps.
- Strive to enhance risk culture with first line of defense through healthy inter-personal discussions.
- Prepare, suggest, assist and develop relevant training material for first line of defense of the Bank as required.
- Support interpretation of internal and external policies and regulatory requirements relevant to the analytics mandate.
- Assist in performing risk analytics and modeling, including developing scenarios and assumptions.
- Assist in reviewing and validating the internal rating models and risk components including, PD, LGD and internal credit ratings.
- Monitor and review effectiveness of problematic loan management and remedial plans.
- Challenge any gap of the Bank’s process and procedures from regulatory requirement.
Job Requirements
Education Requirements: Bachelor’s degree in accounting, finance, or risk management-related required.
Work Experience Requirements:
- 5-10 years of experience in financial service industry is considered an asset.
- In-depth knowledge of Canadian lending practices, laws and regulations (e.g. OSFI B-20).
- Working experience in credit risk management in underwriting process, with knowledge of accounting principles and financial statements analysis.
- Strong research and communication skills.
- Ability to effectively communicate with loan officers, branch managers, senior management, committee members, and regulators regarding presenting new findings and responding to questions.
- Strong integrity in all areas such as adherence to policies and regulations, maintaining utmost ethical and legal standards, and upholding confidentiality and privacy of findings in all situations.
- Demonstrate ability to prioritize and handle multiple projects while remaining flexible to unpredictable changes to schedule and deadlines.
- CPA designation or FRM or in pursuit of any equivalent designation would be considered an asset.
Knowledge & Skills
- Knowledge of Administration processes, practices and procedures.
- Risk, compliance and audit mindset.
- Local market knowledge.
- Knowledge of Policy Development processes.
- Project management.
- Specialized subject matter expertise and knowledge.
Manager, Risk Management (Credit Risk) in Toronto employer: Shinhan Bank Canada
As a leading financial institution, we pride ourselves on fostering a dynamic work environment that prioritizes employee growth and collaboration. Our commitment to professional development is evident through comprehensive training programs and leadership opportunities, ensuring that our team members thrive in their roles. Located in a vibrant community, we offer competitive benefits and a culture that values innovation and teamwork, making us an exceptional employer for those seeking a meaningful career in credit analysis and adjudication.
