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About the Role

The Senior Manager, Credit Risk, supports the Director, Credit Risk Management, and other Senior Management with respect to the management of all aspects of credit risk across the Bank. This role is responsible for assisting in the development of credit risk strategies and leading the second line oversight of various loan portfolios to maintain high quality lending strategies and implement risk mitigation strategies.

Responsibilities

Lead the Commercial Credit review process in line with relevant policies and procedures to assess underwriting soundness and adherence.
Review and adjudicate or recommend credits for CSV Loans, ensuring alignment with Company lending requirements.
Provide recommendations for enhancements to CSV policies and procedures to maintain a robust credit framework.
Recommend modifications to credit policies for Commercial, BFC, and CSV loan products to manage risk within the Bank’s risk appetite.
Manage the Decision Quality Review (DQR) process for oversight of deals approved at other delegated authorities.
Lead the oversight of credit functions across business lines to ensure credit policy adherence.
Provide ad-hoc reports on credit risk to Senior Management.
Assist in managing the process and risk management aspects of new credit product development.
Provide input for the development and maintenance of programs supporting a comprehensive compliance regime.
Support QA Commercial credit and operational quality reviews to determine AIRB guideline adherence for risk ratings.
Support Corporate Development with Risk input into new market and product initiatives, conduct feasibility studies, and develop business cases.
Provide Risk input into the development of financial models to validate Credit Risk Assessment of new initiatives.
Ensure proposed initiatives fit within the business risk appetite and that operational risks are well controlled.
Lead the credit risk file review process for second line oversight of BFC financing activities.
Provide insight and recommendations for the development and enhancement of BFC credit policies and procedures.
Provide feedback regarding Risk input and oversight into the creation and maintenance of Internal Ratings Based Risk Rating systems.
Continuously review relevant policies and procedures across business units and recommend adaptations to support AIRB processes.

Requirements

Minimum of 10 years of lending experience with expertise in commercial banking, retail lending, real estate lending, asset-based lending, or portfolio management.
Demonstrated leadership skills and strategic thinking.
Strong knowledge of Compliance laws and regulations.
Proven ability to thrive in a constantly changing, high-volume, high-intensity environment.
Proven ability to inspire a team to work toward goals and objectives.
Highly developed verbal and written communication skills, with the ability to communicate clearly to Senior Management.
Deep understanding of real estate/commercial/asset-based underwriting and valuation techniques, 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.
Must successfully complete a criminal background check and credit check.

Skills

Credit Risk Management
Credit Risk Strategies
Loan Portfolio Oversight
Risk Mitigation
Commercial Credit Review
Underwriting Parameters
AIRB Requirements
Cash Surrender Value (CSV) Credit Facilities
Lending Requirements
Regulatory Requirements
Bennington Financial Corporation (BFC) Oversight
Credit Risk Team Management
Risk Rating Assignments
Decision Quality Review (DQR)
Compliance Regime
Operational Quality Reviews
New Market and Product Initiatives
Feasibility Studies
Business Case Development
Financial Models
Risk Appetite
Operational Risks
Internal Ratings Based Risk Rating Systems (AIRB)

Location

Toronto, ON

Work Type

Hybrid
Full-time

Experience Level

Senior Manager
10+ years of lending experience

Education Level

Post-secondary education (diploma/degree), preferably in business or finance
CFA
MBA
Accounting designation

Benefits

Competitive discretionary bonus
Market leading RRSP match program
Medical, dental, vision, life, and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up
Generous vacation policy and personal days
Virtual events
Professional development and comprehensive Career Development program

About the Company

EQ is remaking banking so every Canadian gets ahead, every day.
EQ offers a wide variety of financial services from banking and lending, to trust and credit union solutions.
EQ has been challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences since 1970.
EQB Inc. is the parent company of Equitable Bank, Canada's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank™.
EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.

Equal Opportunity

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported.
We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives.
We provide a barrier‑free recruitment process and work environment.
If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.
As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team.