Manager, Risk Management (Credit Risk)

Shinhan Bank Canada; Toronto; On-site; CAD 120,000 - 190,000; Full time

Job summary

Shinhan Bank Canada seeks an experienced Manager – Credit Risk in Toronto to lead risk analytics, QA reviews, and portfolio oversight within Risk Management. This role supports the CRO/ RMC with actionable insights for risk-based decisions and ensures adherence to regulatory guidelines including OSFI B-20.

The position requires 5–10 years in financial services, strong communication and analytical skills, and CPA/FRM assets are welcomed.

Qualifications

• In-depth knowledge of Canadian lending practices, laws and regulations (e.g. OSFI B-20).
• Working experience in credit risk management in underwriting process, with knowledge of accounting principles and financial statements analysis.
• Strong research and communication skills.
• Ability to effectively communicate with loan officers, branch managers, senior management, committee members, and regulators with regards to presenting new findings and responding questions.
• Strong integrity in all areas such as adherence to policies and regulations, maintaining utmost ethical and legal standards, and upholding confidentiality and privacy of findings in all situations.
• Demonstrate ability to prioritize and handle multiple projects while remaining flexible to unpredictable changes to schedule and deadlines
• CPA designation or FRM or in pursuit of any equivalent designation would be considered an asset

Responsibilities

• Support the CRO and Risk Management Committee with actionable insights to inform risk-based decisions.
• Analyze case-specific data to provide risk-related insights and recommendations for new loans.
• Assist junior team members with QA review processes.
• Highlight significant variances, trends and gaps in the portfolio and escalate as needed.
• Conduct Quality Assurance Review of the portfolio per Bank guidelines.
• Conduct Loan Review per Bank policies for the assigned portfolio.
• Monitor portfolio on an ongoing basis and during annual reviews and QA checks.
• Present findings to Director and CRO as needed and per policies.
• Prepare portfolio reports for senior management and stakeholders, including stress tests for ICAAP and RMC updates.
• Track and execute remediation plans for identified gaps in the loan portfolio.
• Provide feedback for process and policy improvements based on ground observations.
• Maintain up-to-date working files and ensure timely follow-up with the first line of defense.
• Coordinate with internal and external auditors to provide data timely and accurately.
• Address auditors’ and examiners’ queries satisfactorily and ensure policy adherence.
• Identify and escalate gaps in compliance with policies and guidelines and propose remediation.

Skills

Risk mindset

Communication

Project management

Local market knowledge

Policy development

Regulatory knowledge

Quality assurance

Education

Bachelor’s degree in accounting, finance, or risk management-related

Job description

As an independent officer of the second line of defense from the Risk Management department, Manager – Credit Risk will report to Director, Credit Risk with regards to Shinhan Bank Canada’s Credit Risk Management function and other ancillary credit risk management functions within the organization. S/he will act as a champion and challenger, guiding business partners/first line of defense in implementing credit risk management practices and supporting the Risk Management Department’s overall mandate.

Key Responsibilities & Accountabilities

• Support the CRO and Risk Management Committee (RMC) with actionable insights to make informed, risk-based decisions
• Analyzes case specific data and information to provide risk-related insights and recommendations for new loan originated by the Bank; also for specific cases within assigned portfolio;
• Assists junior team members within RMD to learn QA review process
• Highlights significant information including variances in financial performance, trends, gaps for the assigned portfolio and escalates as required
• Conducts Quality Assurance Review of the assigned portfolio in a satisfactory manner as per the Bank’s guidelines
• Conducts Loan Review of the assigned portfolio in a satisfactory manner as per the Loan Policies of the Bank
• Monitors the portfolio on ongoing basis in addition to annual reviews & quality assurance checks
• Presents findings and analysis results to the Director and the CRO as needed and as applicable as per policies
• Prepares specific and ad-hoc portfolio reports for the senior management & other stakeholders from time to time, including Stress test exercise for ICAAP and for RMC update on regular basis
• Tracks and executes remediation plan for identified gaps in the loan portfolio
• Shares feedback for process & policy improvement based on ground level observations
• Keeps working files up to date and current at all times
• Ensures follow up with first line of defense and closure of key items/observations in a timely manner
• Deals with internal & external auditors and to arrange case specific data, information, folders in time bound and quality manner
• Addresses auditor’s and examiner’s queries & observations in a satisfactory manner
• Ensures adherence to the Bank policies and regulatory guidelines such as B-20 for the assigned RESL portfolio
• Identifies and escalates gaps in overall compliance (of the assigned portfolio) with the policies & guidelines and suggests remediation plan for such gaps
• Strives to enhance risk culture with first line of defense through healthy inter-personal discussions
• Prepares, suggests, assists and develops relevant training material for first line of defense of the Bank as required
• Supports interpretation of internal and external policies and regulatory requirements relevant to the analytics mandate
• Assists in performing risk analytics and modeling, including developing scenarios and assumptions
• Assists in reviewing and validating the internal rating models and risk components including, PD, LGD and internal credit ratings
• Monitor and review effectiveness of problematic loan management and remedial plans
• Make a challenge for any gap of the Bank’s process and procedures from regulatory requirement

Job Requirements

Education Requirements: Bachelor’s degree in accounting, finance, or risk management-related required

Work Experience Requirements: 5-10 years of experiences in financial service industry is considered an asset

• In-depth knowledge of Canadian lending practices, laws and regulations (e.g. OSFI B-20)
• Working experience in credit risk management in underwriting process, with knowledge of accounting principles and financial statements analysis
• Strong research and communication skills
• Ability to effectively communicate with loan officers, branch managers, senior management, committee members, and regulators with regards to presenting new findings and responding questions
• Strong integrity in all areas such as adherence to policies and regulations, maintaining utmost ethical and legal standards, and upholding confidentiality and privacy of findings in all situations
• Demonstrate ability to prioritize and handle multiple projects while remain flexible to unpredictable changes to schedule and deadlines
• CPA designation or FRM or in pursuit of any equivalent designation, would be considered an asset

Knowledge & Skills

• Knowledge of Administration processes, practices and procedures
• Risk, compliance and audit mindset
• Local market knowledge
• Knowledge of Policy Development processes
• Project management
• Specialized subject matter expertise and knowledge