SENIOR MANAGER, UNDERWRITING – CREDIT RISK MANAGEMENT

BDC; Kitchener; Hybrid; CAD 120,000 - 160,000; Full time

Job summary

BDC, the bank dedicated to Canadian entrepreneurs, seeks a Senior Manager, Underwriting – Credit Risk Management to lead due diligence, risk analysis, and loan proposal authorization for complex files. You will develop well-supported proposals reflecting our credit standards and guide risk-aware decisions across industries and regions.

At BDC, you contribute to prudent portfolio growth while benefiting from an inclusive environment, learning opportunities, and a strong collaboration culture.

Qualifications

• Bachelor’s degree in commerce, business administration, accounting, or related field.
• CPA or CFA designation considered a strong asset.
• Bilingual English/French an asset.

Responsibilities

• Underwrite and authorize well-structured loan proposals for moderate to high complexity.
• Determine credit terms, pricing, repayment structures, and covenants.
• Review loan documents and negotiate structures with internal partners.
• Support compliance matters and risk mitigation through due diligence.
• Develop practical solutions meeting client and BDC needs with sound judgment.
• Foster collaboration with business centre colleagues to apply credit policies.
• Stay current on credit policy changes and emerging regulatory trends.
• Provide coaching and knowledge sharing within the team.

Skills

Credit analysis

Loan adjudication

Commercial lending

Communication skills

Team mentoring

Strategic thinking

Education

Bachelor’s degree in commerce or related field

Job description

We Are Banking At Another Level.

We Are Banking At Another Level.

Choosing BDC as your employer means working in a healthy, inclusive, and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently, to fuel the success of Canadian entrepreneurs.

Choosing BDC As Your Employer Also Means

• Flexible and competitive benefits, including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions, a Defined Benefit Pension Plan, a $750 wellness and health care spending account, to name a few
• In addition to paid vacation each year, five personal days, sick days as necessary, and our offices are closed from December 25 to January 1
• A hybrid work model that truly balances work and personal life
• Opportunities for learning, training and development, and much more...

Explore the BDC Way in our Culture Book

This role offers an opportunity to apply strong analytical skills, seasoned credit judgment, and commercial lending experience in support of Canadian entrepreneurs. You will prepare and authorize well-supported loan proposals for businesses across a range of industries and regions, contributing to prudent credit decision-making and responsible portfolio growth. If you are looking to join an organization that invests in your development, values diverse perspectives, and supports meaningful work, we invite you to be part of our committed team.

Position Overview

At BDC, the only bank dedicated exclusively to Canadian entrepreneurs, your work will help advance the growth and long-term success of small and medium-sized businesses across the country.

As Senior Manager, Underwriting – Credit Risk Management, you will be accountable for credit due diligence, risk analysis, and the authorization of loan proposals of moderate to high complexity. You will develop well-supported proposals that reflect BDC’s credit risk standards and align with established policies and procedures. At BDC, you can be yourself at work in an inclusive environment where expertise, collaboration, and meaningful impact are recognized and valued.

CHALLENGES TO BE MET

• Underwrite and authorize comprehensive, well-structured loan proposals for moderate to high complexity credit files, ranging from $350,000 to $1.5 million, through detailed financial analysis, appropriate investigation, and thorough due diligence.
• Determine appropriate credit terms, pricing, repayment structures, and covenants while applying disciplined credit analysis, balanced risk assessment, and effective account management practices.
• Review loan documentation and, when required, negotiate transaction structures with internal partners, including account managers and business centre management, to ensure alignment with BDC policies and procedures.
• Support the resolution of compliance matters and material changes that arise during transaction negotiation and structuring, ensuring appropriate risk mitigation and timely decision-making.
• Develop practical, well-suited solutions that meet the needs of both the client and BDC by applying sound judgment, creativity, and strong problem-solving skills.
• Build and maintain trusted working relationships with business centre colleagues and internal partners to foster collaboration, support shared objectives, and promote consistent application of credit policies.
• Stay current on changes to credit policies, procedures, and processes, as well as emerging credit and regulatory trends that may affect BDC.
• Provide coaching to new employees, act as a mentor, and actively support knowledge sharing within the team and with internal partners.

What We Are Looking For

• Bachelor’s degree in commerce, business administration, accounting, or a related field.
• CPA or CFA designation considered a strong asset.
• Bilingualism in English and French considered a strong asset.
• Minimum of five (5) years of relevant experience in credit analysis, loan adjudication, commercial lending, or a related financial services role.
• Experience coaching, mentoring, or guiding colleagues in a team environment.
• Demonstrated ability to analyze, structure, and assess commercial financing transactions.
• Strong credit judgment and a solid understanding of credit risk policies, practices, and governance expectations.
• Knowledge of BDC products, services, policies, processes, and procedures, or the ability to quickly develop this knowledge.
• Excellent communication skills, with the ability to interact, influence, and negotiate effectively with internal partners and, when required, with clients.
• Strong organizational skills and the ability to manage competing priorities while meeting critical deadlines in a high-volume environment.
• Solid business acumen and a strong understanding of the realities and dynamics of small and medium-sized enterprises.
• Collaborative team player who works effectively across multidisciplinary teams and contributes to a strong partnership culture.

Proudly one of Canada’s Top 100 Employers and one of Canada’s Best Diversity Employers, we are committed to fostering a diverse, equitable, inclusive and accessible environment where all employees can thrive and feel empowered to bring their whole selves to work. If you require an accommodation to complete your application, please do not hesitate to contact us at [e-mail].

While we appreciate all applications, we advise that only the candidates selected to participate in the recruitment process will be contacted.