Canadian Western Bank
Job title:
AVP, Special Asset Management
Company
Canadian Western Bank
Job description
At , we strive to build value for the people who choose us every day: our people, our clients and our investors. We do this by:Putting people first and building relationships with intentionSeeking out and embracing new ideasBelieving that how we do things is as important as what we doLocation | Edmonton, ABPut a new spin on your banking careerThe overwhelming majority of our employees say CWB is a Great Place to Work®We’re different from the big banks in the way we engage our employees – caring, responsive, and armed with an obsession for growing talent. Our reputation is powered by a people first culture that ensures our employees be and feel heard, promotes inclusivity and diverse viewpoints, and inspires collaboration and innovation.Our employees love CWB. You’ll love it here too.The OpportunityAre you looking for an opportunity to demonstrate your creativity and experience in commercial lending? Look no further!Our Special Asset Management Unit (SAMU) team is searching for an AVP, Commercial, SAMU that will conduct the due diligence of sensitive and critical high-risk commercial portfolio files.We are on the hunt for an individual with in depth knowledge of underwriting, credit and financial analysis skills. This role will be a critical partner, managing commercial, high risk borrowing by minimizing Canadian Western Bank’s overall risk, with a focus towards the rehabilitation of the commercial client lending relationship.What you will be responsible forClient experience. Business growth. Credit management. Risk mitigationRelationship ManagementNavigate complex, highly sensitive and confidential commercial client accounts, with a focus on restructuring, retention, rehabilitation, and balancing the risk and interests of the organizationMaintain expert knowledge of commercial clients and prospects, market, competition, and economic factors, in conjunction with a robust understanding of key business issues and trendsDevelop client relationships under stressful conditions, must be comfortable with frank and direct discussions with borrowers while maintaining client engagement.Identify and respond to changes in the business environment, establishing action plans to address commercial client’s issues and prioritiesLeverage established skills in high-risk commercial account restructuring, providing lending creative solutions to meet client needs, utilizing internal partnerships wherever possibleNavigate and excel in negotiating with large company CEO / CFO / Executive levels in complex interactions. Also, comfortable dealing with senior syndicate partners with the ability to negotiate at the most senior of levels.Develop and execute a relationship strategy for high-risk commercial clients, identifying the key issues surrounding the relationship and implementation of the strategyRisk MitigationResponsible for the overall day to day management of high-risk commercial accounts and the restructuring of loans to an acceptable level of risk or to maximize recovery of capitalReview complex and sensitive commercial loans, perform oversight of watch loans, provide assistance and coach to Lenders as requiredResponsible for identifying deteriorating situations within the assigned high risk commercial portfolio that can result in material risk/losses to the organizationResponsible for all identified commercial high-risk files, removing from 1st line origination with the desire to rehabilitate file and transition back to 1st lineWork with internal resources and external vendors in maximizing repayment under realization, collection, and liquidation, where rehabilitation of a commercial file is not possibleAct as a resident expert and provide a deep understanding of the insolvency environment and process, including comfort in dealing with insolvency professionals at the most senior levelsWhat you bringEducation & ExperienceUndergraduate degree in commerce, finance, or accounting disciplineSeven (7) to ten (10) years strong lending and relationship management background in large financing including syndicated transactions (Commercial, Real Estate and Equipment Finance)Three (3) to five (5) years of credit adjudicationProven professional network in the syndication and/or insolvency market definite assetCorporate lending and syndication experience is an assetPersonal CompetenciesProven coaching and leadership skillsHigh level experience with financial statement analysis and modeling as well accounting software programsAbility to build effective relationships with various stakeholders and partiesAbove average technical skills including working high level knowledge of Excel, Word, and Adobe FormsStrong organizational, analytical, critical thinking, negotiation, mediation skillsSound problem solving skills and judgementStrong interpersonal and communication skills, both verbal and writtenExcellent risk analysis and assessment abilitiesAbility to work through sophisticated situations and yield solutionsWhy work with us?Your success is our obsession! And our award-winning culture & benefits back it up.
Proudly recognized by Great Place to Work® in 2023 as one of Canada’s top 50 Best Workplaces & recipient of Waterstone Human Capital’s Most Admired Corporate Culture 2023.Wellness matters. We offer an award-winning benefits package that includes:Hybrid work environmentsEveryday flexibilityGenerous company-funded health coverageHealth care spending accountA flexible wellness programgenerous time-away options to unplug, rest & recoverCareer development. We commit to our employees’ development and help them reach their professional goals with:Organization wide coaching servicesMentorshipEducation support & training programsBring your whole self to work. Inclusion is a journey requiring practice & experience to result in a powerful outcome. Your perspective matters & voice will be heard. Find community within the CWB family in our employee represented groups.#LI-BS1IND-BSAs an equitable employer, CWB Financial Group is committed to providing a safe and where a diverse workforce thrives. You are welcomed and encouraged to bring your whole self to work. Dignity, respect and equality are non-negotiables. If you require during any part of the recruitment or selection process, please reach out.Closing Date:
- Position closes at 12:01am on the close date identified below. 04/22/2024
Expected salary
Location
Edmonton, AB
Job date
Wed, 03 Apr 2024 02:30:05 GMT
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