Manager, Credit Risk Management

Manulife - Oakville, ON (30+ days ago)

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Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations.

Job Description

Manulife's Credit Risk Department is committed to supporting Manulife Bank in all credit risk management aspects.

Responsibilities of the Department include regulatory and senior management reporting, the setting of loan loss reserves, independent loan review and the development and enforcement of credit policies. The Department also collaborates with and serves as the Bank’s primary contact and resource for Manulife Credit Risk Management. As well, the Department leads credit traffic, adjudicates credit subject to prescribed delegated lending authority limits and serves as a credit-related resource to a number of Bank departments.

We are currently seeking a Manager, Credit Risk Management who will report to the Director, Commercial Credit Risk Management, while taking on the primary responsibility to approve or decline credit applications, in accordance with delegated lending limits and the company’s established credit risk appetite and tolerances. In this role, you will provide appropriate and realistic recommendations, along with developing action plans outlining corrective actions to be taken to mitigate risk and exposure. The Credit Manager is responsible for ensuring compliance with credit policies and practices.

Exercise discretionary lending limits as delegated to approve credit risk ratings and decision credit applications.
Review and analyze commercial loan and mortgage applications, together with supporting documentation, to ensure compliance with the company’s policies, guidelines and regulatory requirements.
Ensure the analysis is independent, accurate, thorough and recommendations address issues and exceptions that mitigate the company’s risk and exposure.
Maintain the quality of the credit portfolio under your jurisdiction to ensure the portfolio performs within the company’s established risk appetite and applicable regulatory requirements.
Minimize loan losses by performing sound credit analysis and adjudication.

Shared Responsibilities:
Collaborate and act as a liaison between the various business partners to further success of the risk partnership. Suggest changes to the structuring of transactions to strengthen the company’s position in case of default. Provide advice and guidance to colleagues on credit risk issues.
Support the internal and external audit process as directed by the Director, Commercial Credit Risk Management and liaison as appropriate with various stakeholders, partners and regulators.
Ensure satisfactory audits from internal and external sources.
Prepare credit proposals above delegated lending limits for approval by the appropriate individual, committee or Board of Directors.

Minimum 5+ years of forward-thinking credit risk, underwriting and adjudication experience within commercial lending, including an emphasis on commercial real estate.
University degree in Business or Finance.
Bilingual preferred (French & English).

If you are ready to unleash your potential, it’s time to start your career with Manulife/John Hancock.

About Manulife
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of December 31, 2018, we had over $1.1 trillion (US$794 billion) in assets under management and administration, and in the previous 12 months we made $29.0 billion in payments to our customers.

Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

Manulife is committed to supporting a culture of diversity and accessibility across the organization. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request an accommodation. Information received regarding the accommodation needs of applicants will be addressed confidentially.