Risk Manager II - Real Estate Secured Lending (US)

TD Bank•Portland, ME

36d

About The Position

Retail Credit Risk Management independently oversees credit risk in the U.S. Retail lending portfolios. Core responsibilities include Risk Appetite and limit setting, review and approval of underwriting strategies, credit policy governance, portfolio monitoring and analytics, loss forecasting challenge, and collections and recovery strategy oversight. The Risk Manager II manages the creation, implementation and validation of various risk segmentation strategies including, but not limited to: adjudication, exposure management, risk segmentation, and financial return optimization. The Risk Manager II provides critical information, interpretative, and detailed analysis, and deploys critical credit risk rational strategies that ensures the decisions are made within the TD risk appetite and adhere to all governmental requirements and guidelines. The Risk Manager II investigates, creates, implements and validates various risk segmentation strategies and policies using complex data including cohort time series analysis of PCL, Marketing Investments, Decision Expense, Risk Adjusted Revenue, Risk Adjusted Margin, NPV, ROE, etc. with the limited guidance from the manager. Depth & Scope: Performs functions noted for Risk Manager I Generally an expert at the enterprise or group business level Acts as the primary regulatory interface on risk issues and requirements for a key business segment of the Bank and assesses and provides direction for existing and new regulations Interfaces with teams beyond risk in a cross-functional manner Represents business on corporate initiatives and identifies key risks and implications and provides direction in complex situations Additional Information: Provides a comprehensive and diverse range of risk management expertise to business leaders. Leads and supports the implementation of appropriate risk frameworks and related risk management activities to mitigate enterprise and/or business-wide risk exposures for Mortgage and Home Equity Lending. Provides oversight, commentary, and recommendations based on overall strategy and industry standard methodologies. Represent RCRM on RESL related projects.

Requirements

Bachelor's degree required; Graduate degree preferred or progressive work experience in addition to experience below
10+ years' experience required
Proficient PC skills in MS Office and a variety of PC-based analytical and reporting software packages
Experience with the use of Relational Databases and the process of Extract Transform Load (ETL) using common languages such as SQL or SAS
Working knowledge of SAS Enterprise Miner, FICO Model Builder or Angoss Knowledge Seeker
Strong analytical and problem solving skills are required to interpret data and draw conclusions
Flexibility to adapt to rapidly changing requirements
Extremely strong attention to detail with ability to manage a range of tasks and prioritize
Proven ability to develop and maintain productive business/peer relationships
Superb written and verbal communication skills
Experienced in developing and presenting recommendations to Senior Management

Nice To Haves

This position will provide oversight support across both the Mortgage and Home Equity portfolio, this position will be a subject matter expert in the Real Estate Secured lending business and expected to provide insights and analysis for oversight, challenge and support of the business.
Mortgage and Home Equity experience with both first and second line experience preferred.
Experience in Credit Risk Management and credit policy development and strategy reviews and approvals.
Strong quantitative mathematical and statistical skills to provide technical support for Credit Risk analysis.

Responsibilities

Manages the creation, implementation and validation of various risk segmentation strategies including, but not limited to: adjudication, exposure management, risk segmentation, and financial return optimization.
Provides critical information, interpretative, and detailed analysis, and deploys critical credit risk rational strategies that ensures the decisions are made within the TD risk appetite and adhere to all governmental requirements and guidelines.
Investigates, creates, implements and validates various risk segmentation strategies and policies using complex data including cohort time series analysis of PCL, Marketing Investments, Decision Expense, Risk Adjusted Revenue, Risk Adjusted Margin, NPV, ROE, etc. with the limited guidance from the manager.
Acts as the primary regulatory interface on risk issues and requirements for a key business segment of the Bank and assesses and provides direction for existing and new regulations
Interfaces with teams beyond risk in a cross-functional manner
Represents business on corporate initiatives and identifies key risks and implications and provides direction in complex situations
Provides a comprehensive and diverse range of risk management expertise to business leaders.
Leads and supports the implementation of appropriate risk frameworks and related risk management activities to mitigate enterprise and/or business-wide risk exposures for Mortgage and Home Equity Lending.
Provides oversight, commentary, and recommendations based on overall strategy and industry standard methodologies.
Represent RCRM on RESL related projects.