Senior Advisor, Credit Risk Oversight

iA Financial Group (Industrial Alliance); Toronto; Hybrid; CAD 120,000 - 150,000; Full time

Benefits offered by this job

Flexible group insurance

Competitive pension plan

Share purchase plan

Vacation plan, wellness days, and dev/

Telemedicine

Employee and family assistance program

Ergonomic furniture program

Performance bonus

Discounts on iA products

Job summary

iA Financial Group in Canada is seeking a Senior Advisor, Credit Risk Oversight to help develop, implement, and maintain the credit risk management framework, including underwriting and adjudication oversight.

You will collaborate with stakeholders across the organization, prepare quarterly risk reports for senior management and the Board, and contribute to PD, LGD, and EAD modelling and stress testing.

Qualifications

• Bachelor’s degree in Finance, Economics, or related field.
• Master’s degree or CFA/FRM would be an asset.
• 8+ years of recent experience in credit risk.
• Experience with credit adjudication on loan portfolios.
• Strong analytical and problem-solving skills.
• Ability to influence senior management and exercise sound judgment.
• Strong communication, interpersonal, and report-writing skills.
• IFRS 9 knowledge is an asset.
• Advanced English; intermediate French language proficiency.

Responsibilities

• Develop and update credit risk policies and guidelines to ensure regulatory compliance and industry best practices.
• Oversee credit underwriting and adjudication processes by measuring, monitoring, and reporting iA’s credit risk exposures.
• Ensure interpretation and application of credit risk policies and guidelines.
• Assess credit applications and structures from lending units and provide recommendations to senior management.
• Develop and monitor lending activities using out-of-order, impaired, and watch list credits, escalating as needed.
• Help minimize credit loss through sound lending practices and early identification of deteriorating credit situations.
• Prepare quarterly financial risk reports for senior management and the Board of Directors.
• Develop and maintain organizational financial risk indicators and limits.
• Contribute to PD, LGD, and EAD modelling, Internal Capital Model, ORSA, and stress testing.

Skills

Analytical skills

Problem-solving

Communication

Influence senior management

Report-writing

English proficiency

French proficiency (intermediate)

Education

Bachelor’s degree in Finance, Economics, or Business Administration

Master’s degree or CFA/FRM (asset)

Job description

Build the future with us

Are you driven by credit risk oversight and the opportunity to help ensure that risk exposure is identified, measured, monitored, and controlled in accordance with regulatory requirements and internal policies? As a Senior Advisor, Credit Risk Oversight, you will play a key role in developing, implementing, and maintaining the credit risk management framework, including the oversight of credit underwriting and adjudication processes.

Description

Are you driven by credit risk oversight and the opportunity to help ensure that risk exposure is identified, measured, monitored, and controlled in accordance with regulatory requirements and internal policies? As a Senior Advisor, Credit Risk Oversight, you will play a key role in developing, implementing, and maintaining the credit risk management framework, including the oversight of credit underwriting and adjudication processes. This is a great opportunity to leverage your expertise in credit risk, analytics, reporting, and risk quantification while collaborating with stakeholders across the organization. This position reports to the Director, Financial Risk Oversight, and is part of the Group Risk Management and Compliance team.

What You'll Accomplish With Us

As a Senior Advisor, Credit Risk Oversight, you will be at the heart of our mission. Your main responsibilities will include:

• Develop and update credit risk policies and guidelines to ensure compliance with regulatory requirements and industry best practices.
• Oversee credit underwriting and adjudication processes by measuring, monitoring, and reporting iA’s credit risk exposures.
• Ensure the accurate interpretation and application of credit risk policies and guidelines.
• Assess credit applications and structures from lending units and provide recommendations to senior management.
• Develop and monitor lending activities using out-of-order, impaired, and watch list credits, and **escalate as needed**.
• Help minimize credit loss experience through sound lending practices, implementation of policies and guidelines, and early identification of deteriorating credit situations.
• Prepare quarterly financial risk reports for senior management and the Board of Directors.
• Develop and maintain organizational financial risk indicators and limits.
• Contribute to credit risk quantification initiatives, including PD, LGD and EAD models, the Internal Capital Model process, ORSA process and Stress Testing Program.

Contribute to credit risk quantification initiatives, including PD, LGD and EAD models, the Internal Capital Model process, ORSA process and Stress Testing Program.

What Could Accelerate Your Success In This Role

• Holds a bachelor’s degree in Finance, Economics, Business Administration, or a related field.
• Has a master’s degree or professional certification such as CFA or FRM, which would be considered an asset.
• Has a minimum of 8 years of recent experience in credit risk.
• Has experience with credit adjudication on loan portfolios.
• Demonstrates exceptional analytical and problem-solving skills.
• Demonstrates the ability to influence senior management and exercise sound judgment.
• Has strong communication, interpersonal, and report-writing skills.
• Has sound knowledge of IFRS 9 and its application, which would be considered an asset.
• Level of advanced English language proficiency required, as the incumbent will be required to communicate daily with English-speaking clients and partners across Canada through email and telephone conversations.
• Intermediate French language proficiency required.

Why you'll love working with us

• A work environment where learning and development are combined with a shared pursuit of excellence.
• Artificial intelligence in everyone’s hands, helping increase personal efficiency and support organizational growth.
• A healthy, safe, equitable, and inclusive environment where potential can be expressed and developed freely.
• The opportunity to work in a hybrid work environment, with 2 days required in the office, supported by flexibility and access to inspiring and innovative workspaces.

Competitive Benefits

• Flexible group insurance.
• Competitive pension plan.
• Share purchase plan.
• Vacation plan, wellness days, and personal development days.
• Telemedicine.
• Employee and family assistance program.
• Ergonomic furniture program.
• Performance bonus.
• Discounts on iA products and more.

The typical hiring range for this position is between CAD 120 000$ and $150 000$; the base salary may vary depending on knowledge, skills, years of experience, and internal equity. In addition to base compensation, this role may be eligible for a corporate bonus program and a comprehensive benefits package, including group insurance, a retirement savings plan, flexible time off, and wellness programs.