Director, Credit Risk

Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow, and today we serve more than 800,000 customers across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $142 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. 

Approve Commercial loan extensions, renewals, and annual reviews in accordance with Delegated Lending Authorities

Recommend for approval and escalate transactions and exceptions above the Director’s lending authorities as necessary to the Senior Director Credit Risk Management, the VP & Chief Credit Officer or the SVP & Chief Risk Officer.

Provide independent and effective challenge to credit policy and credit procedure changes, amendments, and work collaboratively on new developments as proposed by the Business Lines

Monitor the loan portfolios for relevant trends, insights and provide ad-hoc credit risk reports to members of senior management and to support quarterly board reporting

Liaise and maintain strong relationships with the credit functions across the business lines to ensure that credit policies are adhered to in the organization

Monitor exception frameworks in the business lines and escalate relevant trends and insights

Support the development of responses to recommendations/requests from OSFI and Internal Audit

Support the VP & CCO and Quality Assurance leaders in ongoing and continuous improvement initiatives to generate operational efficiencies

Support with credit risk input to the development and ongoing maintenance of the Advanced Internal Ratings Based Risk Rating systems

Ensure 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 documented

Support the Risk team by identifying elements and/or issues during product development that require ERM or Compliance oversight

Have a minimum of 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 experience

Post-secondary education (diploma/degree), preferably in business or finance with an MBA or accounting designation

Demonstrated leadership skills and strategic thinking

Proven ability to thrive in a constantly changing environment and to perform well in a high volume, high intensity environment

Proven ability to inspire a team to work toward a set of goals and objectives

Highly developed verbal and written communication skills with the ability to communicate to Senior Management, the Board of Directors in a clear, concise and professional manner

Deep understanding of real estate/commercial/asset-based underwriting and valuation techniques, determination and capitalization of NOI (Net operating Income)], financial statement analysis, secured lending and factors affecting the mortgage market

Strong analytical and problem-solving skills

Strong organizational and time management skills

Ability to handle multiple competing priorities is a must