Senior Credit Risk Manager

at  EDC

Posting Date: Jan 30, 2025, 10:22:06 AM
Primary Location: Ontario-Ottawa
Job Type: Permanent
Schedule: Full-time
Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC offers financial products and knowledge to help Canadian businesses confidently enter new markets, reduce financial risk, and grow their business.
When you join our team, you’ll be helping Canadian businesses learn the endless possibilities that open to them through export and help bring their vision, passion, and innovation to the world. Your knowledge and expertise will support more than 25,000 Canadian businesses and their customers in as many as 200 markets worldwide. You’ll work amongst the best and brightest in an inclusive, collaborative environment that fosters professional development and success. And you’ll know that you’re making an impact every day – for businesses, for Canada and for the people you work with.
Are you ready to make an impact? Join EDC, recognized as a Top 100 and Top Family-Friendly Employer, as we take on the risk so Canadian businesses can take on the world. #LI-Hybrid

OVERVIEW

EDC is seeking a credit risk professional to join our Risk Management Office. The Risk Management Office (“RMO”) plays a central role in adjudicating, authorizing, and overseeing credit and financial risks within the Financing, Insurance, and Investments programs at EDC. Reporting to the Director, Risk Management Office, this position focuses primarily on EDC’s Financing program and offers an opportunity to a qualified individual with an aptitude for strong financial, credit and non-credit assessment, and portfolio analysis skills.
The RMO team has authority and oversight for over $55 billion in financing and investment exposures and over $65 billion in insurance and guarantee exposures. Through regular interaction with business teams and other stakeholders, the successful candidate will play an important role in upholding EDC’s risk management standards as well as its alignment to EDC’s risk appetite.

DISCIPLINE SUMMARY

• Provides independent review, assessment, and authorization of complex transaction proposals and asset management activities, with due regard to credit and other transaction risks, portfolio implications, EDC’s strategic priorities, policy issues, and commercial requirements across various product lines.
• Contributes to portfolio oversight, while ensuring the identification, monitoring and reporting of risks, as well as compliance of EDC’s risk management policies.

• Authorization decisions or recommendations for new transactions and asset management activities made with thorough consideration to credit risk, non-credit risks, policy compliance, EDC risk appetite and strategy.
• Independent challenge function performed objectively and tailored to the risk.
• Assess the risk analysis prepared by relevant parties with respect to transactions as well as ongoing credit surveillance and risk quantification activities.
• Opine on the quality of risk mitigants including an understanding of the unique characteristics of specific EDC product lines or industrial sectors.
• Work collaboratively with the line of business, RMO and other stakeholders/subject matter experts to deliver a high-quality service and outcomes.
• Deliver of timely responses within the earlier of customer deadlines or established SLAs.
• Actively seek out and lead the continuous improvement of RMO processes and of EDC’s risk management governance.
• Follow relevant Policies, Standards, Guidelines, Procedures, and Job Aids, established business processes and workflows.
• Monitor compliance of EDC’s risk management governance in the portfolio(s) covered and follow exception reporting procedures.
• Contribute and provide accurate reporting on activities as inputs for CRO/RMC/Board reporting.