Fixed Term Contract: Senior Credit Manager, Real Estate (ATH 4823)

TD Bank

1d•Onsite

About The Position

This is a Fixed Term Contract position for a Senior Credit Manager, Real Estate, located in Vancouver, British Columbia, Canada. The role involves assessing the financial position of special loans, preparing recommendations for credit restructuring, and developing unique restructuring options. The position requires authorizing legal actions for recovering classified loans, negotiating settlements, and interacting with internal and external contacts to acquire industry knowledge. The Senior Credit Manager may also provide oversight and coaching to less senior staff, work closely with business origination on risk aspects of new transactions, and oversee the preparation of risk ratings. Daily monitoring of financial and industry information is crucial, along with continuously reviewing internal borrower risk ratings. The role also involves providing effective challenge to product partners to ensure decisions align with Risk Appetite. The Senior Credit Manager is recognized as a top-level expert within the company, providing advisory services to executives and business segment leaders, and integrating enterprise strategy into program design and policy formulation. This role requires innovative thinking to develop new solutions and impacts the technical or functional direction and resource allocation of parts of the enterprise. The Senior Credit Manager will engage stakeholders, provide expert advice, influence change, and lead problem resolution for complex project/program requirements.

Requirements

Undergraduate degree or technical certificate and/or 10+ years relevant experience
Fixed Term Duration - 4 months

Responsibilities

Assess financial position of special loans through cash flow projection, asset valuation, credit histories and other financial measures
Prepare recommendations for credit restructuring, additional assets where the loan may be recoverable and returned to acceptable status
Develop unique restructuring options to suit the circumstances of the account
Authorize any legal actions necessary in recovering classified loans and monitor the resolution of such actions
Where necessary take steps to recover assets or negotiate settlement to minimize the losses to the Bank
Interact primarily with internal/external contacts including account managers, economists and research analysts and trade associations to acquire relevant industry knowledge
May provide oversight/overview and coaching to less senior staff within Risk Management
Work closely with business origination on risk aspects of new transactions under consideration and provides direction and guidance to ensure the deal structure adequately mitigates key risk concerns
Oversee and prepare risk ratings in a timely manner to identify and evaluate the major risks and recommend appropriate internal borrower risk ratings to meet business needs and CDIC/OSFI requirements
Actively follow business and financial performance through daily monitoring of financial and industry information.
Continuously review internal borrower risk ratings for assigned borrowers
May provide effective challenge to the product partners to ensure all decisions are within Risk Appetite
Adhere to enterprise frameworks or methodologies that relate to activities for our business area
Ensure respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities
Consistently exercise discretion in managing correspondence, information and all matters of confidentiality; escalate issues where appropriate
Ensure business operations are in compliance with applicable internal and external requirements ( e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
Participate in cross-functional / enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations
Conduct internal and external research projects; support the development/ delivery of presentations / communications to management or broader audience
Conduct meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices
Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exists
Lead / facilitate and/or implement actions / remediation plans to address performance / risk /governance issues
Actively manage relationships within and across various business lines, corporate and/or control functions and ensure alignment with enterprise and/or regulatory requirements
Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite
Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues/ points of interest
Provide thought leadership and/ or industry knowledge for own area of expertise in own area and participate in knowledge transfer within the team and business unit
Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques
Participate in personal performance management and development activities, including cross training within own team
Keep others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
Contribute to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.
Lead, motivate and develop relationships with internal and external business partners / stakeholders to develop productive working relationships.
Contribute to a fair, positive and equitable environment that supports a diverse workforce
Act as a brand ambassador for your business area/function and the bank, both internally and/or externally