Senior Credit Risk Specialist – Atlantic Central

Atlantic Central is the trade association for credit unions in Atlantic Canada. We provide a range of services, leadership and advocacy at the provincial, regional and national levels. Collectively, the 45 credit unions we support are entrusted to manage $10 billion in mortgages, loans and deposits on behalf of more than 300,000 Atlantic Canadians. As a subsidiary of Atlantic Central, League Savings and Mortgage is a federally regulated provider of wholesale banking services to credit unions, with assets under administration in excess of $2 billion. Our cooperative values drive our culture and how we do our business.

League Savings is evolving its business model and is expanding into new markets and expected to experience significant growth over the next several years. We are currently accepting applications for the position of Senior Credit Risk Specialist to be responsible for providing overall leadership to establishing the credit risk management framework and setting appropriate standards for credit risk. The incumbent will monitor, analyze and report on credit risk and portfolio quality, and recommend changes to credit policies (including credit risk appetite) and underwriting procedures. The incumbent will also oversee portfolio quality and compliance with all forms of regulation, industry concentration and to develop and maintain credit risk policies to optimize risk within the company’s credit risk appetite.

THE POSITION:
Reporting to the Chief Risk Officer, the Senior Credit Risk Specialist is responsible for:

  • Ensuring the strategic direction for credit risk management practices is within the risk tolerances and growth objectives to optimize risk, including: identifying, developing, maintaining, amending and communicating credit risk policies, procedures and processes, including risk rating models required to effectively manage enterprise credit exposure within the company’s credit risk appetite;  implementing strategy for the development of practices to improve the efficiency and effectiveness of the business unit credit risk processes to optimize the growth and return opportunities available within company risk tolerances; participating in the assessment of new business line opportunities to provide analysis of credit risk factors and recommending structure required to maintain the company’s credit risk standards; conducting industry reviews and recommending industry concentration limits as it applies to the credit performance and quality of the portfolio; performing credit portfolio stress testing to ensure capacity to withstand unforeseen specific events.
  • Ensuring appropriate management of the loan portfolio and adequacy of specific loan loss provisioning, including: monitoring the effectiveness of lending process by conducting post approval reviews and adjusting processes and recommending changes to policies; overseeing, monitoring and reporting on the quality of the credit portfolio; providing guidance in the management of problem loans and recommending strategies to reduce risk of loss and determine appropriate work out strategy; assessing specific loss anticipated on impaired accounts; approving loan, mortgage and lease write-offs; reviewing of business unit reporting on status of credit quality, performance of the portfolio and adherence to policy; complying with standards established by OSFI and other regulators.
  • Planning, performing, documenting and communicating results of quality assurance reviews for approved agents and suppliers to evaluate their performance with respect to compliance with the company’s underwriting standards, contractual obligations and regulatory requirements, including OSFI’s B-10 and B-20 guidelines.
  • Providing performance reporting and recommendations on the condition of the credit portfolio and the portfolio strategy, including: reviewing and providing assessments on portfolio quality, trends, diversification, concentration and adherence to regulatory/ internal credit risk policies;  assessing large exposures and specific industry concentrations from a credit risk perspective; conducting assessments of credit adjudication processes, lending programs, and loan structuring and providing general and specific comments; providing performance reporting on the credit portfolio with recommendations and strategy; reporting on the status and management of the monitored and non-productive loans and leases and providing an assessment of the appropriateness of specific reserves in place.
  • Completing other duties or projects as assigned.

TRAVEL AND EVENING AND WEEKEND WORK:
This position requires occasional travel and occasional evening and weekend work.

THE PERSON:
The ideal candidate for this position will have successfully completed a Bachelor’s degree in finance, business administration, or commerce, plus have 6-9 years’ senior level experience in credit risk management, policy development, and credit analysis. The incumbent will also have 10 years’ credit experience with proven skills in commercial lending, real estate lending, leasing, residential mortgage lending, retail credit, loan recovery and bankruptcy/insolvency processes.

The successful candidate will have the following skill set:

  • Strong communication skills (oral, written, presentation)
  • Strong interpersonal skills
  • Demonstrated advanced knowledge and experience with all aspects of credit including; commercial term loans, operating loans, corporate loans, commercial real estate loans, commercial leases and residential mortgages and retail credit
  • Demonstrated comprehensive understanding of enterprise wide strategic credit policy development
  • Proven comprehensive ability to perform the detailed financial analysis required as part of the credit risk assessment process
  • Demonstrated advanced knowledge of industry lending practices and regulatory requirements.
  • Demonstrated advanced knowledge and experience in management of loan workouts, loan recovery, distressed asset valuations and bankruptcy/insolvency regulations and processes
  • Proven comprehensive ability to plan, develop, prioritize and implement plans and strategies
  • Demonstrated proficiency in the use of Microsoft Office applications (Excel, Word, PowerPoint)
  • Proven ability to work independently or collaboratively as part of a team
  • Proven ability to effectively work with diverse stakeholder groups and to interact with all levels of management and staff
  • Proven influencing skills and ability

COMPETENCY REQUIREMENTS:
The successful candidate will also demonstrate strong abilities in the following competencies:

  • Building Relationships and Partnerships
  • Change Leadership
  • Listening, Understanding and Responding
  • Results Orientation
  • Team Leadership
  • Developing Others
  • Strategic Orientation

COMPENSATION:
This is a permanent full-time position and is rated a Salary Level CU-9 ($82,306 – $96,830).  Atlantic Central offers a competitive benefits package as well as the opportunity to participate in the Performance Sharing Incentive Plan.

Applications will close on January 31, 2020.

Interested candidates should forward their résumé, including salary expectations, in confidence, to:

Human Resources Department
Atlantic Central
6074 Lady Hammond Road
Halifax, NS   B3K 2R7

Email: humanresources@aclsm.ca
(When sending applications by e-mail, please send in MS Word format)