Sr Credit Risk Analyst ERM

Job title:

Sr Credit Risk Analyst ERM

Company

Canada Life

Job description

Permanent Full Time–A unique opportunity in Financial Risk Management to apply your credit expertise and strong communication skills to develop guidance and risk advice for senior stakeholders.The Financial Risk Management team provides independent advice to senior management and the Board of Directors, and helps to support the oversight of market, credit and liquidity risks, and investment strategies across our group of companies. Our team is fast-growing and dynamic, enabling you to draw upon a diverse range of knowledge, experience and skills. We will continually encourage you to develop and excel in all areas of your role.Under the supervision of the AVP, Credit Adjudication, you will provide oversight of commercial mortgages by independently reviewing ratings, improving review processes, and working closely with investment teams to ensure that potential risks of investments are properly identified, mitigated and managed.What you will doYou will play a key role in supporting the development and management of the Company’s enterprise-wide framework for credit risk with the following deliverables:

• Regularly review and independently assess the creditworthiness of existing commercial mortgages, including detailed review of supporting documentation (rating models, investment summaries, market reports and other material)
• Evaluate the risk rating of proposed new commercial mortgages to assess whether the current assessment is appropriate and accurate, and the mortgages are suitable investments
• Detailed review of supporting documentation including rating models, investment summaries, market reports and other material
• Discuss and resolve any differences in opinion with Mortgage Investment team
• Improve the independent oversight activities of the adjudication team as a whole (e.g. assist with streamlining reporting) by enhancing effectiveness and efficiency and using industry best practices
• Proactively monitor changes in macroeconomics and the global commercial real estate market, including trends, industry practice, legal and other regulatory issues that pertain to credit risk management and governance, in order to ensure that risks are properly identified, monitored and managed
• Assist the AVP, Credit adjudication with thematic reviews on real estate to manage risks related to industry trends
• Work with other areas of Financial Risk function team to support ongoing review and development of mortgage risk rating models and reporting, as well as on other activities performed by the team
• Collaborate across the organization and through internal partnerships to ensure that potential risks of investments are properly identified and mitigated

What you will bring

• An undergraduate/graduate degree in business, finance or economics and/or a professional designation such as the CFA
• 7+ years experience in credit/investment review, preferably at a bank, insurer, or rating agency
• Knowledge of the credit risk rating process and experience with commercial mortgage lending
• Creative and strategic thinking with proven analytical and problem-solving skills to identify meaningful solutions
• Experience in the understanding of finance and accounting principles
• Knowledge and interest in financial risk management and investments
• Superior analytical, problem-solving, interpersonal, and communication skills (including ability to simplify technical issues)
• Participates effectively in cross-functional and cross-regional teams
• Proven ability to develop strong relationships with both internal and external stakeholders

• Technically proficient in Microsoft Office suite

What’s in it for you?

• Rapidly develop your problem solving, relationship-building and communication skills
• Work on challenging and innovative projects in a dynamic, collaborative and fast-growing team

Given the size and scope of our organization, we have the flexibility for this position to be located in the following office locations: Toronto, Winnipeg–The base salary for this position is between $74,500 – $137,900 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.Be your best at Canada Life- Apply today!Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.You can be your best here. You’re part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations.We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact [email protected].Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted.#LI-HybridRequisition ID: 865Category: Corporate FunctionsLocation:Canada, ONDate: Apr 22, 2024If you are not finding suitable opportunities now, please click below to join our talent community!

Expected salary

$74500 – 137900 per year

Location

Canada

Job date

Wed, 24 Apr 2024 04:36:34 GMT

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