AVP, Credit Risk & Loss Mitigation - Unsecured Lending, CPB

TD; Toronto; On-site; CAD 145,000 - 200,000; Full time

Job summary

A leading financial institution is seeking an Associate Vice President for Credit Risk & Loss Mitigation, focusing on unsecured lending. This executive role involves guiding teams, managing credit policies, and enhancing customer experiences while mitigating risk. Ideal candidates will possess a robust background in credit risk management and strong leadership skills to navigate complex challenges in the banking sector.

Benefits

Career development opportunities

Health and well-being benefits

Flexible work arrangements

Variable compensation

Mentorship programs

Qualifications

• Minimum 10+ years of experience in financial services focused on credit risk.
• Expertise in credit risk strategies and governance.
• Strong understanding of banking regulations and compliance.

Responsibilities

• Own the Credit Risk Policy and standards for the business.
• Manage credit risk throughout economic cycles and adapt strategies.
• Drive execution of adjudication strategies and portfolio management actions.

Skills

Credit risk assessment

Loan portfolio management

Loss mitigation

Data interpretation

Risk reporting

Education

Bachelor's degree in Business, Finance, or Economics

Master's degree or equivalent

Relevant certifications (FRM, CFA, CPA, CRM)

Job description

AVP, Credit Risk & Loss Mitigation - Unsecured Lending, CPB

Join to apply for the AVP, Credit Risk & Loss Mitigation - Unsecured Lending, CPB role at TD

AVP, Credit Risk & Loss Mitigation - Unsecured Lending, CPB

Join to apply for the AVP, Credit Risk & Loss Mitigation - Unsecured Lending, CPB role at TD

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This range is provided by TD. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Talent Acquisition Consultant and Brand Ambassador

Work Location:

Hours:

37.5

Line of Business:

Governance & Control

$145,000 - $200,000 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Associate Vice Presidents (AVPs) at TD Bank Group contribute to the overall reputation of TD. As executives, AVPs help to set the ethical, organizational and performance standard for the teams they lead and exemplify how an effective performance and development culture functions day to day. An AVP is expected to guide his/her team, collaborating as appropriate with TD partners, to deliver superior results in both the short and long term.

AVPs promote adherence to TDBG’s vision and purpose to be the better bank, and to enrich the lives of customers, communities and colleagues. As part of the general management of their function, AVPs are accountable to deliver against TD's five shared commitments:

• Think like a customer; provide legendary experiences and trusted advice
• Act like an owner; lead with integrity to drive business results and contribute to communities
• Execute with speed and impact; only take risks we can understand and manage
• Innovate with purpose; simplify the way we work
• Develop our colleagues; embrace diversity and respect one another

Job Description:

Reporting to the Vice President, Consumer and Business Cards, Product and Customer Engagement, Canadian Credit Cards, Canadian Personal Banking, the Associate Vice President, Credit Risk & Loss Mitigation - Unsecured Lending, Canadian Personal Banking is responsible to:

• Own the Credit Risk Policy, standards, and underwriter guidelines for the Cards and Personal Lending businesses – 1A function

• Manage credit risk through the economic cycle, including performance monitoring and adapting credit strategies and policies to the macroeconomic conditions

• Identify and drive execution of opportunities to improve adjudication strategies for acquisitions and credit line management to drive profitable business growth within risk appetite, improve customer experience, and manage credit losses

• Identify and drive execution of opportunities to improve portfolio management actions (authorizations, reissues, credit limit decreases, inactive exposure management etc.)

• Work with Retail Risk Management to propose and gain alignment for changes; draft Group Risk Management credit submission proposals to 2A credit risk team for approval

• Ensure a solid understanding of the Unsecured Lending businesses and associated channels to ensure credit decisions meet both the business objectives and are inline with the Bank's risk appetite

• Work closely with Journeys and platform teams to operationalize approved strategies and policy changes

• Own forecasting and management of manual underwriting volumes

• Oversee Fraud and Customer Assistance internal partnerships to ensure strategies are effective for the business

• Support the Cards Product Head and Executive journey Owners in planning and strategizing for business objectives

• Support Regulatory exams pertaining to credit risk

• Approve credit policy and strategy changes in conjunction with 2A Retail Risk Management team

• Balance growth against credit quality within our risk appetite in conjunction with product and channel teams

• Engage with relevant Journey and platform partners to drive and assist in delivery of relevant credit strategy projects

• Operate unsecured lending businesses within the bank’s risk appetite

Job Requirements:

• Bachelor's degree in Business, Finance, Economics or a related field; Masters degree or equivalent is preferred. Relevant certifications (FRM, CFA, CPA, CRM) are assets

• Minimum 10+ years of experience in experience in financial services, with a strong focus on credit risk, loan portfolio management or loss mitigation

• Subject matter expertise in credit risk assessment and strategy development with a Risk Adjusted Return lens

• Experience managing and growing lending product portfolios

• Proficiency in loss forecasting, provisioning methodologies, and risk segmentation

• Experience with early warning systems and portfolio risk analytics

• Strong data interpretation and risk reporting skills

• Ability to evaluate and enhance credit scoring models and risk appetite frameworks

• Deep understanding of banking regulations and experience working with internal audit, compliance, and external regulatory reviews

• Ability to drive policy development and credit risk governance

• Capable of influencing executive stakeholders and guiding risk appetite decisions

• Ability to navigate and influence within a matrixed organization.

• Extensive industry, external / internal, enterprise knowledge, recognizing and anticipating emerging trends and; identifying operational efficiencies and opportunities with other business management / enterprise areas

• Strong thought leadership with track record of driving results

• Proven ability in leveraging deep subject matter expertise to develop and deploy a vision and align others to that vision.

• Proven ability to manage and motivate a diverse group of professionals

• Strong people management skills with demonstrated experience in leading high performing teams

• Highly effective communicator who engages colleagues, business partners, external stakeholders, and employees

• Expert presentation and facilitation skills and expert interpersonal and leadership skills to facilitate working with senior management at all levels

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:

We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process

We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Management

• Industries

  Banking

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