Credit Risk Manager

Position Description

MANDATE

Reporting to the Director, Credit Risk Management, the Credit Risk Manager will participate in all aspects of conducting a Quality Control (QC) program for residential mortgages. The primary goal of the QC program is to confirm that the loans are underwritten in a manner that is consistent with the policies and procedures approved by the VPMO and the Board of Directors. The CRM is responsible for identifying loans that are not written in compliance with OSFI Guideline B20 and related best business practices. The successful candidate will have proven abilities at the expert level in data analytical skills, enabling them to identify emerging key risk indicators in funded loans. The Credit Risk Manager will develop and maintain a constructive relationship with the Residential Lending department to foster an environment of support and guidance while providing independent reporting as to the quality of the loans advanced.

ACCOUNTABILITIES

Residential Mortgage Quality Control Reviews and Reporting
  • Complete monthly post funding QC reviews of residential loans funded and renewed in preceding month in accordance with written QC procedures.
  • Provide written results of the QC to the Credit Managers, underwriters, mortgage officers and lending Managers on a monthly basis.
  • Evaluate loan data at the portfolio level to select loans to review from a risk-based approach.
  • Confirm accuracy of data inputs including loan types and security codes.
  • Oversee file remediation as required resulting from QC reviews
  • Recommend revisions to QC protocols as required
  • Assist in completing Bulk Purchase and Bulk sales QC reviews
  • Track all policy exceptions
  • Provide underwriters with ongoing guidance as to best practice approach in adhering to written procedures
  • Document/update procedures in the Independent Credit Procedure Manual.
Service provider monitoring
  • Maintain the Approved Service Providers Lists, Residential Lending for Mortgage Brokers and for Appraisers.
  • Manage the SP monitoring and DNU reports.
  • Conduct monitoring on providers names to the above lists
Best Business Practices
  • Develop a comprehensive understanding of CTC lending policies and regulatory requirements.
  • Assist in developing and delivering training tools and resources for the residential underwriting teams.
  • Recommend policy and procedure changes in keeping with best business practices in a regulatory environment.
  • Follow AML procedures on all files with an emphasis on “Know Your Client” rules.
  • Actively adhere to all AML/ATF and KYC regulatory requirements
  • Pro-actively identify actual and potential violations of, any internal policies and procedures. Conducts appropriate inquiries and investigations in relation to any such situation and ensures that corrective actions and/or risk mitigation actions are implemented in a timely manner or escalated appropriately.
  • Adhere to compliance and operational risk controls in accordance with company’s policies and procedures.

Qualifications Required

  • Minimum 5+ years’ experience in a Quality Control capacity within a residential mortgage lending environment
  • Strong demonstrated analytical and logical thinking
  • Thorough knowledge of residential mortgage underwriting practices including Guideline B20, income documentation standards and supporting operational processes
  • Experience in risk management including portfolio monitoring and reporting
  • Strong working knowledge of KYC and AML/ATF required
  • Experience in report preparation and presentation using G Suite and Microsoft office applications
  • Ability to multitask and to work under pressure
  • Exceptional interpersonal skills
  • Excellent written and verbal communication skills
  • Strong organizational and time management skills
  • Exceptional attention to detail.

How to Apply

We invite you to apply easily through your LinkedIn account by clicking the link below:

To apply via email, please send you resume and cover letter here.

Community Trust Company welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.