As an independent officer of the second line of defense from the Risk Management department, Manager – Credit Risk will report to Director, Credit Risk with regards to Shinhan Bank Canada’s Credit Risk Management function and other ancillary credit risk management functions within the organization. S/he will act as a champion and challenger, guiding business partners/first line of defense in implementing credit risk management practices and supporting the Risk Management Department’s overall mandate.

Key Responsibilities & Accountabilities

Support the CRO and Risk Management Committee (RMC) with actionable insights to make informed, risk-based decisions

Analyzes case specific data and information to provide risk-related insights and recommendations for new loan originated by the Bank; also for specific cases within assigned portfolio;

Assists junior team members within RMD to learn QA review process

Highlights significant information including variances in financial performance, trends, gaps for the assigned portfolio and escalates as required

Conducts Quality Assurance Review of the assigned portfolio in a satisfactory manner as per the Bank’s guidelines

Conducts Loan Review of the assigned portfolio in a satisfactory manner as per the Loan Policies of the Bank

Monitors the portfolio on ongoing basis in addition to annual reviews & quality assurance checks

Presents findings and analysis results to the Director and the CRO as needed and as applicable as per policies

Prepares specific and ad-hoc portfolio reports for the senior management & other stakeholders from time to time, including Stress test exercise for ICAAP and for RMC update on regular basis





Tracks and executes remediation plan for identified gaps in the loan portfolio

Shares feedback for process & policy improvement based on ground level observations

Keeps working files up to date and current at all times

Ensures follow up with first line of defense and closure of key items/observations in a timely manner

Deals with internal & external auditors and to arrange case specific data, information, folders in time bound and quality manner

Addresses auditor’s and examiner’s queries & observations in a satisfactory manner

Ensures adherence to the Bank policies and regulatory guidelines such as B-20 for the assigned RESL portfolio

Identifies and escalates gaps in overall compliance (of the assigned portfolio) with the policies & guidelines and suggests remediation plan for such gaps

Strives to enhance risk culture with first line of defense through healthy inter-personal discussions

Prepares, suggests, assists and develops relevant training material for first line of defense of the Bank as required

Supports interpretation of internal and external policies and regulatory requirements relevant to the analytics mandate

Assists in performing risk analytics and modeling, including developing scenarios and assumptions

Assists in reviewing and validating the internal rating models and risk components including, PD,



LGD and internal credit ratings

Monitor and review effectiveness of problematic loan management and remedial plans

Make a challenge for any gap of the Bank’s process and procedures from regulatory requirement

Job Requirements

Education Requirements

Bachelor’s degree in accounting, finance, or risk management-related required

Work Experience Requirements

5-10 years of experiences in financial service industry is considered an asset

In-depth knowledge of Canadian lending practices, laws and regulations (e.g. OSFI B-20)

Working experience in credit risk management in underwriting process, with knowledge of accounting principles and financial statements analysis

Strong research and communication skills

Ability to effectively communicate with loan officers, branch managers, senior management, committee members, and regulators with regards to presenting current findings and responding questions

Strong integrity in all areas such as adherence to policies and regulations, maintaining utmost ethical and legal standards, and upholding confidentiality and privacy of findings in all situations

Demonstrate ability to prioritize and handle multiple projects while remain flexible to unpredictable changes to schedule and deadlines

CPA designation or FRM or in pursuit of any equivalent designation, would be considered an asset

Knowledge & Skills

Knowledge of Administration processes, practices and procedures

Risk, compliance and audit mindset

Local market knowledge

Knowledge of Policy Development processes

Project management

Specialized subject matter expertise and knowledge

📌 Manager, Risk Management (Credit Risk) (Toronto)
🏢 Shinhan Bank Canada
📍 Toronto