Director, Credit Authorization

at  EDC

OVERVIEW

Are you ready to advance your career while impacting change in emerging markets?
We are looking for a Director to lead our Credit Authorization Team.
Welcome to FinDev Canada, Canada’s development financial institution! We are looking for talented professionals to join our growing organization. At FinDev Canada, we are guided by our mandate and the opportunity to positively impact climate and nature action, gender equality and market development. We drive sustainable development by working with and through the private sector.
This is your opportunity to join a growing, dynamic team and leave your mark on our organization, on development finance, and on the world at large.
Location: FinDev Canada headquarters is in downtown Montreal. For the right candidate, Ottawa or Toronto will be considered, with the flexibility to work under a hybrid model (home/office).
Team: Credit Authorization (as part of the Risk Management Group)
Reports to: Chief Risk Officer
Employment Type: Permanent
Salary: $144,156 to $192,208 annually + performance-based incentive

• Team Leadership & Management: Lead and guide the Credit Authorization Team, ensuring alignment with FinDev Canada’s mandate. You’ll be responsible for hiring, motivating, training, and developing a high-performing team.
• Risk Analysis & Surveillance: Lead deep dives into risk assessments prepared by various parties, ensuring thorough credit surveillance and precise risk quantification for each transaction.
• Independent Review & Authorization: Take charge of reviewing, assessing, and authorizing complex transaction proposals. Balance credit risks, policy issues, and commercial needs across diverse product lines.
• Valuation & Risk Mitigation: Provide expert opinions on the valuation and quality of risk mitigants and security structures, with a keen understanding of the unique characteristics of FinDev Canada’s product lines and industrial sectors.
• Transaction Summaries & Recommendations: Oversee the creation of independent, critical transaction authorization summaries and recommendations. Your expertise will drive informed decision-making processes that align with our strategic goals.
• Risk Management Expertise: Share your extensive knowledge of risk management and credit structuring with your team and business partners. Guide them on deal structures, credit risk acceptability, policy interpretation, and the authorization process, fostering a culture of excellence and innovation.
• Decision-Making: Operate within defined authority parameters to make independent authorization decisions, considering both financial and non-financial transaction risks. Your decisions will be instrumental in steering our organization towards sustainable growth.
• Guideline Development: Contribute to the creation and refinement of underwriting guidelines by providing expert insights and recommendations. Your input will help shape the future of our credit practices, ensuring they remain robust and forward-thinking.