Manager, CMHC, Portfolio Management

at  EQ Bank Equitable Bank

JOIN A CHALLENGER

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.
We are a big (and growing!) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada’s Challenger Bank™, and have been around for more than 50 years. Equitable Bank’s wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people’s lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World’s Best Banks list since 2021.

THE CORE PARTS OF YOUR ROLE WOULD BE TO:

• Establish and oversee procedures to ensure all aspects of CMHC Portfolio Management including Renewals, Assumptions, and Ad Hoc requests are thoroughly assessed and within the bank’s risk appetite, Commercial Credit Policy and the General Investment and Lending Policy.
• Reviewing and approving all aspects of CMHC Portfolio Management submitted by commercial mortgage underwriters (including Renewals, Assumptions, and Ad Hoc requests within delegated limits and adjudicating the risk rating assessment for each file.
• Provide guidance and assistance to external partners in formulating and implementing processes and procedures to gather required documents and information.
• Develop, implement, and maintain productive working relationship with external partners through prompt, professional and effective communication.
• Deliver excellent in customer service by effectively managing commitments to a variety of partners, senior management, and other internal departments.
• Ensure appropriate strategies are in place to deal with problem loans in order to minimize the risk of loss for the Bank.
• Proactively managing and monitoring upcoming maturities to make sure proper resource are available to handle the influx of renewals, extensions, and payouts.
• Oversee ongoing, timely completion of reporting to support senior management and regulatory requirements (including maturities, renewal, loan extensions, Ad-Hoc, and the Quarterly Servicing Audit of CMHC loans files.)
• Assisting with the recruitment and hiring of new staff
• Providing ongoing training and guidance to staff members. This will include regular staff meetings, and one-on-one discussion with individual staff members.
• Motivate and support the professional growth of the team, including creation and execution of development plans, where appropriate.

WHAT WE OFFER [FOR FULL-TIME PERMANENT ROLES]

\uD83D\uDCB0 Competitive discretionary bonus
✨ Market leading RRSP match program
\uD83E\uDE7A Medical, dental, vision, life, and disability benefits
\uD83D\uDCDD Employee Share Purchase Plan
\uD83D\uDC76\uD83C\uDFFD Maternity/Parental top-up while you care for your little one
\uD83C\uDFDD Generous vacation policy, personal days and even a moving day
\uD83D\uDDA5 Virtual events to connect with your fellow colleagues
\uD83C\uDF93 Annual professional development allowance and a comprehensive Career Development program
\uD83D\uDC9B A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We can’t wait to get to know you