Credit Manager

National Bank of Canada; Montreal; On-site; CAD 80,000 - 120,000; Full time

Job summary

A leading bank is seeking a Credit Manager to join its Credit Risk Management team within Wealth Management. This role involves managing credit risks associated with client transactions while ensuring regulatory compliance. The ideal candidate will have a strong educational background in finance and proven experience in credit management, with excellent knowledge of financial products and negotiation skills.

Benefits

Health and wellness program

Flexible group insurance

Generous pension plan

Employee Share Ownership Plan

Employee and Family Assistance Program

Preferential banking services

Opportunities for community involvement

Telemedicine service

Virtual sleep clinic

Qualifications

• Prerequisites include a Bachelor's degree or equivalent experience and completion of specific courses related to Canadian securities.
• Mastery of CIRO series 5000 rules and familiarity with derivative strategies are essential.
• Experience in a financial environment is required.

Responsibilities

• Manage a team for effective credit control and oversee delinquent accounts.
• Optimize operational strategies to reduce financial risk and ensure compliance.
• Communicate with business lines to resolve client account situations.

Skills

Excellent knowledge of financial products

Negotiation skills

Customer service

Ability to work under pressure

Education

Bachelor's degree related to the sector

University Certificate 1st cycle

Tools

Microsoft Office

Job description

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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 to manage the resources of the area to mitigate the 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 our client accounts.
• Develop/manage/coach resources to accomplish departmental objectives.
• Supervise and train employees.
• Oversee sellouts and account violations.
• Review and co-ordinate monthly capital requirements for Regulatory reporting. This includes providing support for all financial, internal and Regulatory audits.
• Provide reporting to senior management as well as any other information/reporting that enhances communication of credit or risk related issues for information or to be used when taking a decision.
• Communicate with different business lines to resolve client account situations as they occur.
• Implement new operational strategies and tools to maximize the efficiency of the sector and to reduce financial risk
• Approve funds out and /or exception requests for significant amounts following the analysis of the client's portfolio.
• Participate in different business line committees

Prerequisites:

• Bachelor's degree related to the sector of activity and one year of relevant experience OR University Certificate 1st cycle and three years of relevant experience
• Have completed the following courses: Canadian Securities Course (CSC), Conduct & Practices Handbook Course (CPH) and Derivatives Fundamentals and Options Licensing Course (DFOL)
• Master the CIRO series 5000 rules
• Familiar with the strategies and risk related to derivatives strategies, more specifically options
• Excellent knowledge of financial products
• Knowledge of Microsoft Office tools, specifically Excel and Access
• Able to work under pressure and negotiation skills
• Be able to offer excellent customer service

Desired skill:

• Have a basic knowledge of portfolio management

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 to manage the resources of the area to mitigate the 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 our client accounts.
• Develop/manage/coach resources to accomplish departmental objectives.
• Supervise and train employees.
• Oversee sellouts and account violations.
• Review and co-ordinate monthly capital requirements for Regulatory reporting. This includes providing support for all financial, internal and Regulatory audits.
• Provide reporting to senior management as well as any other information/reporting that enhances communication of credit or risk related issues for information or to be used when taking a decision.
• Communicate with different business lines to resolve client account situations as they occur.
• Implement new operational strategies and tools to maximize the efficiency of the sector and to reduce financial risk
• Approve funds out and /or exception requests for significant amounts following the analysis of the client's portfolio.
• Participate in different business line committees

Prerequisites:

• Bachelor's degree related to the sector of activity and one year of relevant experience OR University Certificate 1st cycle and three years of relevant experience
• Have completed the following courses: Canadian Securities Course (CSC), Conduct & Practices Handbook Course (CPH) and Derivatives Fundamentals and Options Licensing Course (DFOL)
• IRO/RRO licencing preferred
• Master the CIRO series 5000 rules
• Familiar with the strategies and risk related to derivatives strategies, more specifically options
• Excellent knowledge of financial products
• Knowledge of Microsoft Office tools, specifically Excel and Access
• Able to work under pressure and negotiation skills
• Be able to offer excellent customer service

Desired skill:

• Have a basic knowledge of portfolio management

Your benefits

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

* Health and wellness program, including many options
* Flexible group insurance
* Generous pension plan
* Employee Share Ownership Plan
* Employee and Family Assistance Program
* Preferential banking services
* Opportunities to get involved in community initiatives
* Telemedicine service
* Virtual sleep clinic

These are a few of the benefits available to you. We have an offer that keeps up with trends as well as your needs and those of your family.

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We actively listen to employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication is encouraged.

We're putting people first
We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on peoples' lives. Our core values of partnership, agility, and empowerment inspire us,and inclusivity is central to our commitments. We offer a barrier-free workplace that is accessible to all employees.

We want our recruitment process to be fully accessible. If you require accommodation, feel free to let us know during your first conversations with us. We welcome all candidates! What can you bring to our team?

Come live your ambitions with us!

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

• Industries

  Banking

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