Manager, Credit Policy

Canada Guaranty; Toronto; On-site; CAD 80,000 - 110,000; Full time

Job summary

An established industry player is seeking a Manager for Credit Policy to enhance mortgage insurance portfolio management through effective analytics and policy execution. This pivotal role requires a blend of strong risk management experience and excellent communication skills, ensuring compliance with regulatory requirements while fostering strategic relationships with lender partners. The ideal candidate will thrive in a dynamic environment, driving innovation and contributing to the organization's growth. Join a company recognized for its supportive culture and commitment to employee development, where your contributions will be valued and impactful.

Benefits

Health and Dental Coverage

Flexible Work Options

Company-Matched Retirement Programs

Friendly and Inclusive Culture

Qualifications

• 5+ years of experience in Risk Management or Underwriting Management.
• Extensive knowledge of mortgage lending and insurance industry.

Responsibilities

• Manage internal credit policies and underwriting guidelines.
• Develop strategic relationships with lender partners.
• Evaluate credit risk policies and procedures.

Skills

Risk Management

Underwriting Management

Analytical Skills

Mortgage Lending

Communication Skills

Education

College Diploma

University Degree

Graduate Level Education

Job description

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Director, Human Resources at Canada Guaranty

Who We Are

Canada Guaranty is a privately held Canadian mortgage insurer, established in 2010 following the acquisition of AIG United Guaranty Mortgage Insurance Company Canada by the Ontario Teachers’ Pension Plan and National Mortgage Guaranty Holdings Inc.

As a proudly Canadian company, we are committed to service excellence and helping Canadians achieve successful, long-term homeownership. Our mortgage solutions help protect lenders and investors from losses related to borrower default and foreclosure while ensuring Canadians are provided with greater access to affordable and sustainable homeownership.

Canada Guaranty’s performance-driven culture thrives on accountability, collaboration, and supportive teamwork. If you’re a dedicated team player with a strong track record of excellence, we can’t wait to hear from you!

About The Opportunity

The Risk Management team at Canada Guaranty is responsible for guiding the prudent growth and evolution of the mortgage insurance portfolio through the effective use of analytics, credit policy and an enterprise risk framework.

Reporting to the Senior Manager, Credit Policy, the Manager, Credit Policy will be responsible for guiding the prudent growth and evolution of the mortgage insurance portfolio through the effective use of policy and underwriting execution. This position will be responsible for the evaluation and development of credit risk policies and procedures.

The role will encompass identifying current and emerging trends and associated risks. The successful candidate will be innovative and creative with excellent written and verbal communication skills, and a thorough understanding of mortgage lending. This is a business-critical position with high visibility and regular contact with senior and executive management in all areas of the organization.

In This Role, You Will

• Manage a comprehensive set of internal credit policies, external underwriting guidelines, and insurance products that represent reasonable risk to the organization while meeting the needs of our customers
• Develop and maintain strong strategic relationships with lender partners to effectively manage credit policy discussions and related requests
• Develop strong strategic relationships with counterparts throughout Canada Guaranty to understand the scope and implications of new products, guidelines, programs, policies and procedures
• Act as the primary support person for the Sales, Underwriting and Operations teams for risk requests with the ability to prioritize these requests from various departments
• Manage the lender onboarding process, ensuring compliance with regulatory requirements
• Maintain a keen awareness of industry and market trends related to Canada Guaranty’s management of credit policies and an in-depth knowledge of the organization’s portfolio dynamics
  
  

Essential Qualifications

• At least 5 years of experience in Risk Management, Portfolio Risk Management or Underwriting Management
• College Diploma or University degree
• Extensive knowledge of mortgage lending and the mortgage insurance industry, with an emphasis on underwriting/risk policy
• Demonstrated ability to synthesize information and present clearly and concisely at the Executive level
• Familiarity with mortgage policies, products, systems, risk rules, and models
• Proven ability to successfully manage multiple projects and priorities and meet deadlines.
• Exemplary analytical skills with attention to detail
  
  

Preferred Qualifications

• Bilingualism in French and English would be a major asset
• Graduate level education
  
  

What We Offer You

Canada Guaranty is proudly recognized by Great Place to Work as one of the Best Workplaces in Financial Services & Insurance (2024), Best Workplaces in Ontario (2024), and Best Workplaces with the Most Trusted Executive Teams (2025). Join us and see why!

We offer a comprehensive total rewards package, including competitive compensation, company-matched retirement programs, health and dental coverage, flexible work options, and a friendly, inclusive, and supportive culture.

Accommodation Notice

Canada Guaranty is committed to fostering an equitable, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we serve and work alongside. Candidates may request accommodation at any point during the interview process.

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Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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