Specialist

Office of the Superintendent of Financial Institutions Canada•Vancouver, BC

1d•CA$124,500 - CA$160,800•Hybrid

About The Position

The Specialist, Credit Risk Division, is part of team accountable for the supervision and regulation of the risk, and risk management practices, of federally regulated banks. This role involves conducting credit risk surveillance and analytics to identify emerging risk trends, delivering briefings and advice on risk mitigation programs to executive-level stakeholders, conducting examinations of bank lending activities and presenting compelling recommendations to senior officers, and contributing to the development and implementation of national and international standards pertaining to credit risk management.

Requirements

A degree or diploma from a recognized post-secondary institution with specialization in business, commerce, economics, finance, accounting or other relevant field.
Recent and significant (3 years within the last 5 years) experience in wholesale credit activities, involving corporate, institutional, or specialized lending, within the financial services industry.
Experience in one of the following: Credit adjudication, Transaction structuring, Credit risk management function (such as, portfolio analytics, risk rating methodologies, policy development), Assessment of credit risk management practices in an internal audit, quality assurance, or similar function.
Knowledge of wholesale credit risk drivers and risk management practices.
Knowledge of current and/or emerging wholesale credit related issues or trends.
Knowledge of complex wholesale credit products and non-bank financial institution market.
Critical thinking
Results orientation
Collaboration
Ability to communicate effectively in writing.
Ability to communicate effectively verbally.
Ability and willingness to work overtime.
Ability and willingness to travel internationally and/or domestically when required.
The ability to work remotely from home within Canada with access to the Internet in one’s residence is a condition of employment.
English Essential

Nice To Haves

A relevant recognized professional designation.
A relevant graduate degree from a recognized post-secondary institution.
Recent and significant (3 years within the last 5 years) experience in wholesale credit activities, involving corporate, institutional, or specialized lending, within the financial services industry, including experience in two or more of the following: Credit adjudication, Transaction structuring, Credit risk management function (such as, portfolio analytics, risk rating methodologies, policy development), Assessment of credit risk management practices in an internal audit, quality assurance, or similar function.
Experience communicating results from quantitative and qualitative analysis, both verbally and in writing to a senior audience.
Experience leading complex or sensitive, multidisciplinary projects.
Knowledge of IFRS 9 allowance for credit loss (ACL) methodologies and credit risk capital assessment, including stress testing techniques.
Knowledge of credit risk models and their application within lending activities.
Knowledge of commercial lending practices.

Responsibilities

Conducting credit risk surveillance and analytics to identify emerging risk trends.
Delivering briefings and advice on risk mitigation programs to executive-level stakeholders.
Conducting examinations of bank lending activities and presenting compelling recommendations to senior officers.
Contributing to the development and implementation of national and international standards pertaining to credit risk management.