Company:
Stafflink
Location: Toronto
Closing Date: 13-10-2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Job Description Our banking client is currently seeking a permanent Vice President, Credit Portfolio Risk to join their growing team. The ideal candidate will have experience overseeing the financial risk management function, with a primary focus on portfolio management. This is a hybrid position that offers a competitive rate and opportunities for growth and development. RESPONSIBILITIES: Lead and manage the financial risk management function - credit risk with a particular emphasis on portfolio management. Develop and implement risk management policies, procedures, and frameworks in alignment with regulatory requirements and industry best practices. Perform portfolio deep dives and analysis & assessment of risk exposures along with, identifying emerging risks and opportunities. Collaborate closely with senior management, business units, and other stakeholders to optimize risk-return trade-offs and support strategic decision-making. Participate in annual risk appetite refresh specifically with regards to establishing, back testing and calibrating Credit & portfolio Metrics, Limits and KRIs Ensure the timely and accurate reporting of risk metrics, key risk indicators (KRIs), and risk appetite metrics to senior management and relevant committees. Lead the development and implementation of stress testing, scenario analysis, and sensitivity testing frameworks to assess the resilience of the bank's portfolios under various economic scenarios. Support planning, new product development, Credit Portfolio Committee and risk management meetings. Network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends and credit products. Stay abreast of market developments, regulatory changes, and industry trends impacting financial risk management, providing insights and recommendations to senior leadership. QUALIFICATIONS: Minimum of 8-10 years’ experience in risk management or related areas, including banking, finance, regulatory, compliance, strategy or consulting. Postgraduate degree in business, finance, or other related subjects Knowledge of risk management programs Knowledge of advanced understanding of credit markets and risk analysis to create models, risk ratings, loss estimates and risk management strategies Strong analytical and communication skills
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