Credit Manager

Banque Nationale du Canada; Montreal; On-site; CAD 80,000 - 120,000; Full time

Job summary

The Credit Risk Management team at a leading bank is seeking a Credit Manager to oversee credit control and mitigate risks in Wealth Management. The role involves managing a team, ensuring compliance with credit policies, and providing strategic insights to senior management. Candidates should possess a relevant degree and experience in the financial sector, along with strong analytical and leadership skills.

Benefits

Health and wellness programs

Employee share ownership

Assistance programs

Community involvement opportunities

Qualifications

• Bachelor's degree related to the sector and one year of relevant experience.
• Mastery of CIRO series 5000 rules.
• Excellent understanding of financial products.

Responsibilities

• Manage a team to ensure effective credit control of delinquent accounts.
• Provide reports to senior management on credit and risk issues.
• Implement operational strategies and tools to improve efficiency.

Skills

Critical Thinking

Problem Solving

Risk Management

Client-focused Decision Making

Emotional Intelligence

Education

Bachelor's degree related to the sector

University certificate with three years of experience

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 business credit risk related to client transactions, volatility, and concentration, while ensuring compliance with credit policies and transaction settlement rules, and managing prevailing market conditions.

As the Manager of the Credit team, you will manage resources to mitigate risks to Wealth Management lines of business (NBF, NBIN, NBDB, WM1859) caused by delinquent accounts and market movements.

Your role:

1. Manage a team to ensure effective credit control of delinquent accounts and monitor client accounts.
2. Develop, manage, and coach team members to meet departmental objectives.
3. Supervise and train employees.
4. Oversee sellouts and account violations.
5. Coordinate monthly capital requirements for regulatory reporting and support audits.
6. Provide reports to senior management on credit and risk issues.
7. Communicate with business lines to resolve client account issues.
8. Implement operational strategies and tools to improve efficiency and reduce risks.
9. Approve funds out and exception requests for significant amounts after client portfolio analysis.
10. Participate in business line committees.

Prerequisites:

• Bachelor's degree related to the sector and one year of relevant experience, or a university certificate with three years of experience.
• Completed courses: CSC, CPH, DFOL.
• Mastery of CIRO series 5000 rules.
• Knowledge of derivatives strategies, especially options.
• Excellent understanding of financial products.
• Proficiency in Microsoft Office, especially Excel and Access.
• Ability to work under pressure and strong negotiation skills.
• Excellent customer service skills.

Desired skill:

• Basic knowledge of portfolio management.

Languages:

Proficiency in relevant languages is required for collaboration outside Quebec.

Skills

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

We offer competitive compensation and a wide range of flexible benefits, including health and wellness programs, employee share ownership, assistance programs, banking services, community involvement opportunities, and more.

Our work environment is dynamic, fostering collaboration and employee feedback. We are committed to accessibility and inclusivity, welcoming all candidates and providing accommodations as needed.

Why work at National Bank?

For career development opportunities

Opportunities for growth include training, mentoring, internal career days, and leadership discussions.

For an inclusive environment

We celebrate diversity and welcome all candidates. Join us to live your ambitions!