Senior Credit Manager, Real Estate (ATH 4823)

TD•Vancouver, BC

3d•CA$59 - CA$83•Onsite

About The Position

This role is responsible for assessing the financial position of special loans through cash flow projection, asset valuation, credit histories, and other financial measures. The Senior Credit Manager will prepare recommendations for credit restructuring, identify opportunities for additional assets to recover loans, and develop unique restructuring options. They will authorize legal actions for recovering classified loans, monitor their resolution, and take steps to recover assets or negotiate settlements to minimize losses. The role involves interacting with internal and external contacts to acquire industry knowledge, potentially providing oversight and coaching to less senior staff, and working closely with business origination on the risk aspects of new transactions. Additionally, the Senior Credit Manager will oversee and prepare risk ratings, monitor business and financial performance, and provide effective challenge to product partners to ensure decisions align with Risk Appetite. This position requires adherence to enterprise frameworks, ensuring programs and policies are managed effectively, and maintaining compliance with internal and external requirements. The role also involves conducting research, supporting presentations, analyzing functional or enterprise-level data, and implementing process improvements. Relationship management within and across business lines is crucial, as is staying abreast of emerging issues and regulatory requirements. A culture of risk management and control is to be maintained.

Requirements

Undergraduate degree or technical certificate and/or 10+ years relevant experience.

Nice To Haves

Recognized as top level expert within the company and requires significant in-depth and/or breadth of expertise in a complex field and knowledge of broader related areas.
Senior specialist providing advisory services to executives, business segment leaders and governs the requirements for own work.
Integrates knowledge of the enterprise function’s or business segment’s overarching strategy in leading program design, policy formulation or operating standards within one or more areas of expertise.
Anticipates emerging business trends and regulatory/risk issues as a basis for recommending large-scale product, technical, functional or operations improvements.
Serves as a source of expert advice to senior management in field of specialty; may lead team(s) of related specialists/experts.
Advises on execution strategy and leads the development and deployment of functional programs or initiatives within their own field or across multiple specialties.
Solves unique and ambiguous problems with broad impact; typically oversees standards, controls and operating methods that have significant financial and operational impact within the context of their own field.
Requires innovative thinking to develop new solutions.
Impacts the technical or functional direction and resource allocation of part of an enterprise function or business segment.
Works within general policies and industry guidelines.
Engages stakeholders to take action; serves as a source of expert advice, influences change; frames information in a broader organizational context.
Provides leadership guidance, makes recommendations and collaborates with business to ensure solutions meets the business needs on a complex project or program.
Identifies and leads problem resolution for project/program complex requirements related issues at all levels.
Generally reports to an executive.

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.