Credit Manager

NBC; Montreal; On-site; CAD 80,000 - 120,000; Full time

Job summary

A leading company is seeking a Credit Manager for its Wealth Management division in Montreal. This role involves managing a team, overseeing credit control processes, and ensuring compliance with regulatory reporting. Candidates must possess relevant degrees and a strong understanding of financial products. The position offers competitive compensation along with various employee benefits.

Benefits

Health and wellness programs

Employee Share Ownership Plan

Employee and Family Assistance Program

Preferential banking services

Opportunities for community involvement

Virtual sleep clinic

Qualifications

• Experience managing credit risks and leading a professional team.
• Solid understanding of financial products and derivatives strategies.
• Ability to work under pressure with strong negotiation skills.

Responsibilities

• Manage credit control of delinquent accounts through monitoring.
• Develop and coach team members to meet departmental goals.
• Communicate with business lines to resolve client account issues.

Skills

Critical Thinking

Emotional Intelligence

Risk Management

Stress Management

Client-focused Decision Making

Education

Bachelor's degree in relevant field

Canadian Securities Course (CSC)

Conduct & Practices Handbook Course (CPH)

Derivatives Fundamentals and Options Licensing Course (DFOL)

Tools

Microsoft Excel

Microsoft Access

Job description

The Credit Risk Management team within Wealth Management is currently seeking a Credit Manager. The mission of this sector is to protect the firm's capital and minimize the business credit risk related to client transactions, volatility, and concentration while ensuring compliance with our credit policy, rules relating to transaction settlements, and managing any prevailing market conditions.

As the Manager of the Credit team, you will be responsible for managing the resources of the area to mitigate risks to some of the Wealth Management lines of business (NBF, NBIN, NBDB, and WM1859) due to delinquent accounts and market movements.

Your role :

• Manage a team of professionals to ensure effective credit control of delinquent accounts throughout the monitoring process of client accounts.
• Develop, manage, and coach resources to accomplish departmental objectives.
• Supervise and train employees.
• Oversee sellouts and account violations.
• Review and coordinate monthly capital requirements for regulatory reporting, including support for financial, internal, and regulatory audits.
• Provide reporting to senior management and other relevant information to communicate credit or risk-related issues for decision-making.
• Communicate with different business lines to resolve client account issues as they occur.
• Implement operational strategies and tools to maximize sector efficiency and reduce financial risk.
• Approve funds out and exception requests for significant amounts following client portfolio analysis.
• Participate in various business line committees.

Prerequisites :

• Bachelor's degree related to the sector of activity with at least one year of relevant experience OR a University Certificate (1st cycle) with three years of relevant experience.
• Completion of courses: Canadian Securities Course (CSC), Conduct & Practices Handbook Course (CPH), and Derivatives Fundamentals and Options Licensing Course (DFOL).
• Mastery of CIRO Series 5000 rules.
• Knowledge of derivatives strategies, especially options, and associated risks.
• Excellent knowledge of financial products.
• Proficiency in Microsoft Office tools, especially Excel and Access.
• Ability to work under pressure and strong negotiation skills.
• Commitment to excellent customer service.

Desired skills :

• Basic knowledge of portfolio management.

Note: Fluency in the required language is necessary to collaborate effectively with colleagues outside Quebec.

Skills :

Critical Thinking, Diversity & Inclusion, Emotional Intelligence, Problem Solving, Risk Management, Stress Management, Client-focused Decision Making, Learning Agility, Partner Development, Resiliency, Strategy Execution, Managerial Courage

In addition to competitive compensation, upon hiring, you’ll be eligible for a wide range of flexible benefits to promote your wellbeing and that of your family, including:

• Health and wellness programs
• Employee Share Ownership Plan
• Employee and Family Assistance Program
• Preferential banking services
• Opportunities for community involvement
• Virtual sleep clinic

Our dynamic work environment and collaboration tools foster a positive employee experience. We value employee feedback through surveys and ongoing communication.

We're putting people first

As a human-scale bank, we stand out for courage, entrepreneurial spirit, and passion for people. Our mission is to positively impact lives. Our core values of partnership, agility, and empowerment, along with inclusivity, guide us. We are committed to accessibility and provide accommodations during our recruitment process. We welcome all candidates! What can you bring to our team?