At EQ, we’re remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast,

we offer
a wide variety of financial services from banking and lending, to trust and credit union solutions. We’ve been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences. If you’re driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big chance. The Senior Manager, Credit Risk, reports to the Director, Credit Risk Management, and supports the Director, Credit Risk Management, and other Senior Management with respect to the management of all aspects credit risk across the Bank. The Senior Manager, Credit Risk, will also be responsible for assisting in the development of credit risk strategies and leading the second line oversight of various loan portfolios with the objective of maintaining high quality lending strategies and the implementation of risk mitigation strategies. The Senior Manager, Credit Risk, will lead the Commercial Credit review oversight process in order to ensure that underwriting parameters are being followed appropriately in line with the Bank’s policies and AIRB requirements. Another key aspect of the role is involvement in the approval and/or recommendation of Cash Surrender Value (CSV) credit facilities to ensure that the criteria falls within the Company’s lending and regulatory requirements. The role is also responsible for leading second line credit risk oversight of the Bennington Financial Corporation (BFC) division. The position is also accountable for managing the Credit Risk Team and key relationships, both internal and external, that have credit related responsibilities or impacts. Credit:



Lead the Commercial Credit review process in line with the relevant policies and procedures in order to assess the soundness of underwriting procedures and processes, and determine if they are being followed. This includes a specific focus on risk rating assignments in order to ensure they are conducted in accordance with the Bank’s rating policies. Review and adjudicate (or recommend if transactions exceed delegated authorities) credits for CSV Loans, ensuring that the request falls within the Company’s lending requirements and guidelines. Provide recommendations to the development or enhancements to CSV policies and procedures in order to ensure the creation of and ongoing maintenance of a robust credit framework to support the CSV product suite. Provide ongoing recommendations and feedback to ensure the Company maintains adequate credit policies and procedures (with a specific focus on Commercial, BFC and CSV loan products) within the Bank’s risk appetite; recommend modifications to these policies as required to manage risk within prevailing economic conditions. Manage the Decision Quality Review (DQR) process to provide the CEO and CRO oversight on deals approved at other delegated authorities. Responsible for identifying themes based on credit or economic metrics. Responsible for follow-up and resolution with Credit.



Lead the oversight of the management of the credit functions across the business lines to ensure that credit policies are adhered to in the organization. Provide ad-hoc reports to the Senior Director, Credit Risk Management, or Senior Management as related to credit risk across the organization. Assist in managing the process and risk management aspects of the development of new credit products. Quality Assurance: Provide input in terms of the development and maintenance of programs that support a comprehensive and effective compliance regime with regard to legislation, regulations and internal policies applicable to Commercial Credit. Provide support on QA Commercial credit and operational quality reviews to determine whether or not AIRB guidelines are being followed for risk ratings as appropriate.. Where applicable, work with the Director, Credit Risk Management, to support Corporate Development and provide Risk input into the exploration of new market and product initiatives, conduct operational and financial feasibility studies and develop thorough business cases for new business opportunities. Contribute to the review and approval process with Senior Leadership and Board of Directors. With Risk Capital & Analytics, provide Risk input into the development of financial models to help validate Credit Risk Assessment of new initiatives, consider organizational impact and returns on regulatory and economic capital. Work with Corporate Development and other key stakeholders to ensure proposed initiatives fit within risk appetite of the business and that operational risks and other risks of any initiatives are well controlled. Lead the credit risk file review process to provide second line oversight of BFC financing activities. Review and summarize f

📌 Senior Risk Manager (Toronto)
🏢 EQ Bank | Canada's Challenger Bank
📍 Toronto