Director, Credit %26 Equity Risk Management – FinDev Canada

Export Development Canada; Montreal; Hybrid; CAD 147,000 - 198,000; Full time

Job summary

A development financial institution in Montreal seeks a Director of Credit & Equity Risk Management to lead risk management strategies and foster a high-performing team. Candidates should have extensive experience in credit and equity risk management, excellent leadership skills, and bilingual proficiency in French and English. This role involves collaborating with diverse stakeholders and ensuring compliance with financial regulations while driving sustainable growth.

Benefits

Comprehensive rewards package

Impactful work in emerging markets

Collaborative culture

Qualifications

• Minimum 15 years of experience in credit and risk management.
• 5+ years leading teams in a financial institution.
• Advanced knowledge of capital risk management.

Responsibilities

• Lead the Credit & Equity Risk Management team.
• Conduct risk analysis and surveillance.
• Review and authorize complex transaction proposals.

Skills

Credit risk management

Equity risk management

Team leadership

Financial analysis

Bilingual in French and English

Education

Master’s Degree in Business Administration, Finance or Accounting

Tools

Risk management software

Job description

Overview

Are you ready to advance your career while impacting change in emerging markets?

We are looking for a Director, Credit & Equity Risk Management!

Welcome to FinDev Canada, Canada’s development financial institution! We are looking for talented professionals to join our growing organization. At FinDev Canada, we are guided by our mandate and the opportunity to positively impact climate and nature action, gender equality and market development. We drive sustainable development by working with and through the private sector.

This is your opportunity to join a growing, dynamic team and leave your mark on our organization, on development finance, and on the world at large.

Team: Credit & Equity Risk Management (as part of the Risk Management Group)

Employment Type: Permanent

Salary: Dir Credit Adjudication 21: Salaries typically range from $147,760 - $197,013 annually plus a performance-based incentive.

Location: FinDev Canada headquarters is in downtown Montreal. For the right candidate, Ottawa or Toronto will be considered, with the flexibility to work under a hybrid model (home/office).

Why You’ll Love Working Here

• Impactful Work - At FinDev Canada, we are committed to promoting sustainable and inclusive growth in emerging markets and developing economies. Your work here will make a real difference, contributing to meaningful projects that have a lasting impact on communities around the world.
• Your Colleagues - Join a diverse and talented team that brings a wealth of experience, knowledge, and passion to everything we do.
• Collaborative Culture - Collaboration is at the heart of our success. At FinDev Canada, we believe that working together not only enhances our business but also strengthens our ability to achieve our mission. Our culture is built on mutual support and teamwork, ensuring that we collectively drive our mandate and strategy forward.
• Perks and Benefits - Our Total Rewards offering goes beyond just a paycheck. We provide a comprehensive package designed to meet the diverse needs and life stages of our employees.

Position & Team Overview

The Credit & Equity Risk Management Team at FinDev Canada actively reviews transactions with a holistic approach to objectively challenge and opine on financial and non-financial risks, balancing client solutions with sound risk management principles.

As the Director of Credit & Equity Risk Management, reporting to the Chief Risk Officer (CRO), you will lead the development and oversight of credit & equity risk management strategies, policies, processes, and monitoring tools to ensure risks are effectively managed across all portfolios and aligned with the corporation’s risk appetite, regulatory requirements, and strategic objectives. This role also supports the second line oversight of market, liquidity, capital, and model risks. Strong technical skills are required for detailed review of complex transactions across all strategic sectors and markets, with the breadth of experience required to depict correlations, trends, concentrations, and emerging risks at the portfolio level.

In this role, you will build and lead a diverse team, fostering a culture of technical excellence and precision. Your strong business judgment, diplomatic skills, and ability to manage multiple demands will be key to your success. Your leadership will be instrumental in maintaining and developing excellent internal partner relationships, supporting the growth of FinDev Canada’s portfolio, and delivering timely and insightful advice to the business.

What You Will Be Doing

• Team Leadership & Management: Lead and guide the Credit & Equity Risk Management Team, ensuring alignment with FinDev Canada’s mandate. You’ll be responsible for hiring, motivating, training, and developing a high-performing team.
• Risk Analysis & Surveillance: Lead deep dives into risk assessments prepared by various parties, ensuring thorough credit surveillance and precise risk quantification for each transaction. Guide and help teams establish sound monitoring tools for portfolio oversight and early warning detections. Opine on risk ratings and equity valuations (outcomes, models, methodologies) to ensure accurate measurement of risks.
• Independent Review & Authorization: Take charge of reviewing, assessing, and authorizing complex transaction proposals. Balance credit/equity risks, policy requirements, and client needs across diverse sectors and markets. Review and opine on transaction terms & conditions within contractual agreements.
• Valuation & Risk Mitigation: Provide expert opinions on the valuation and quality of risk mitigants and security structures, with a keen understanding of the unique characteristics of FinDev Canada’s product lines and industrial sectors.
• Transaction Summaries & Recommendations: Provide and oversee the creation of independent authorization summaries and recommendations. Your expertise will drive informed decision-making processes that align with our strategic goals.
• Risk Management Expertise: Provide expert advice to your team and business partners. Guide them on deal structures, risk acceptability, policy interpretation, and the authorization process, fostering a culture of excellence and innovation.
• Decision-Making: Operate within defined authority parameters to make independent authorization decisions, considering both financial and non-financial transaction risks. Your decisions will be instrumental in steering our organization towards sustainable growth.
• Guideline Development: Contribute to the creation and refinement of underwriting guidelines by providing expert insights and recommendations. Your input will help shape the future of our financial risk management practices, ensuring they remain robust and forward-thinking.

What We Are Looking For

Must-haves

• Master’s Degree with a specialization in Business Administration, Finance, Accounting, or equivalent
• Minimum 15 years combined experience in credit, equity, and risk management functions in the context of emerging & developing markets across diverse sectors
• Minimum 5 or more years’ experience in leading teams (leadership roles)
• Advanced experience in a financial institution and deep product knowledge, including term loans, revolving loans, trade facilities, syndicated loans, equities, funds, bonds, grants, parallel loans and guarantees
• Advanced experience reading and interpreting financial statements with strong risk analysis and quantification skills, experience developing risk management policies and limits, experience overseeing a diverse transaction portfolio
• Advanced knowledge of capital risk management, risk models, stress testing, scenario analysis, and portfolio monitoring.
• Advanced knowledge of risk governance best practices based on 3LD principles, including committee structures, approval processes, delegations of authority, and escalation procedures
• Excellent networking and relationship management skills
• Excellent problem solving, people and conflict management, communication and presentation skills
• Bilingual in both official languages (French and English).

Nice-to-Haves

• Prior experience working specifically at a development finance institution (DFI) or a multilateral development bank (MDB)

Ready to take the next steps?

Apply now! Your application must clearly demonstrate how you meet all the requirements.

Want to learn more about FinDev Canada? Check out our website here: http://www.findevcanada.ca/

FinDev Canada’s Commitment to Employment Equity

FinDev Canada is committed to creating a safe and inclusive environment that respects people from all cultures, backgrounds and with a range of ability, and nurturing a culture of inclusion and belonging where everyone has equal opportunity to grow, develop, succeed and be their truest selves in an inclusive environment. We are committed to employment equity and actively encourage applications from women, Indigenous peoples, visible minorities, persons with disabilities, and members of the 2SLGBTQI+ community.

We thank all applicants' interest in a career at FinDev Canada; however, only those selected for an interview will be contacted. Please note that qualified candidates may be considered for similar roles at this same level within FinDev Canada.