Job Description

Job Category: Credit Services
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We are currently seeking a Credit Risk Manager II, Commercial Credit to join our team.
The Credit Manager II, Commercial Credit assists the Senior Manager, Commercial Credit in managing First West's portfolio of larger and more complex commercial credit facilities and the credit risk associated with the granting of such facilities, within established controls. Responsibilities include: administers the margining of commercial lines of credit to ensure that the appropriate risk controls, guidelines, lending practices, terms and conditions are applied; adjudicates large and complex commercial credit applications including construction financing; advises and guides commercial banking team members on the viability of proposed credit facilities; performs the key tasks of reviewing and renewing commercial credit facilities in the credit union's portfolio and manages the credit risk associated with the annual review and renewal process. Additional responsibilities include: acting as a member of the regional credit committee, completing internal audits and reporting and providing coverage relief in the absence of the Sr. Manager, Commercial Credit.
Here's what would be included as a part of your typical day * Credit Adjudication: Adjudicates complex commercial credit applications (including larger construction financing) referred by commercial and business account managers within authorized lending limits and/or provides recommendations on credit applications exceeding authorized lending limits; ensures all loans are in line with applicable controls and guidelines and any risk to the credit union is mitigated. Provides advice and guidance to Commercial Banking team and management on the viability of applications and associated risk; interprets lending policy and procedures; recommends alternative approaches to minimize risk. Provides mentoring and guidance to the commercial credit team to build knowledge and skills.

• Risk Management: Assists the Senior Manager, Commercial Credit in managing First West's commercial credit portfolio by monitoring lending activities and ensuring that quality controls, risk mitigation practices; and policies and procedures are in place and are being applied consistently and effectively.
• Annual Reviews: Completes annual reviews and renews credit facilities in the commercial credit portfolio; identifies areas of potential risk and initiates action to mitigate potential losses within established controls, identifies quality deficiencies and/or areas of risk and recommends mitigation and follow-up action; ensures that all associated periodic reporting is accurate and up to date.
• Margins: Monitors margins applied on commercial lines of credit and ensures that the appropriate guidelines, lending practices, and terms and conditions are applied; identifies areas of potential risk and initiates action to mitigate potential losses within established controls, identifies quality deficits and recommends mitigation and follow-up action. Performs key administrative tasks to ensure adequate level of monitoring and performance of the LOC margining platform.
• Credit Pricing: Monitors and reports on use of pricing guidelines on all commercial credit products subject to an annual review or renewal within the commercial portfolio; looks for ways to improve both interest and non-interest income and to ensure pricing is adjusted for risk and is consistent with credit union policy. Performs key administrative tasks to ensure adequate level of monitoring and performance of the credit loans origination system.
• Auditing & Reporting: Completes internal file quality assurance audits for loans approved within the limits of commercial banking hubs. Completes various internal credit reports for senior management as required.

Required Skills, Experience & Qualifications

• Bachelor's degree required
• 7 years' experience in commercial lending with two years in an adjudication function with assigned lending limits required
• Proven ability analyzing complex financial statements and non-financial credit risk analysis required
• Demonstrated knowledge of relevant legislation and statutory requirements related to commercial credit adjudication required
• Proven abilities in construction-financing credit risk analysis required
• Excellent relationship building skills with the ability to communicate both verbally and in writing with a wide variety of people
• Ability to exercise sound judgement and apply an analytical approach to problem solving or decision making
• Effective time management skills with ability to prioritize work and multi-task
• Strong negotiating skills
• Proficient with computer software applications e.g. Microsoft Office
• Familiar with loans origination programs
• Displays an understanding of risk and risk ownership by being able to demonstrate adherence to policies and procedures.

About Us:
What's in it for you:
First, we strive to make our team members feel genuinely rewarded. You'll have:

• Mental health coverage and resources
• Customizable health benefits, as well as topped-up parental leave
• Performance-based compensation, employee banking advantages and group RRSP matching
• Vacation time and flexible work arrangements to support your lifestyle

We are committed to providing a fair, equitable, and competitive rewards package that reflects the value an individual brings to our organization. The compensation mentioned in this job posting should serve as a guide. The total cash compensation earned may vary based on a variety of factors including bonuses and/or incentives, an individual's skills and experience, and may correlate with performance in the role.
We also provide and encourage opportunities for our employees to make a meaningful impact. After all, as a credit union we're powered by giving back-in big ways and through small gestures. That's why we offer employees paid time off to volunteer, partner with thousands of local charities, build long-lasting relationships that help our members get ahead and commit to environmental, social and governance (ESG) practices.
By joining our team, you'll be able to elevate your potential. Wherever your own purpose leads, we're here to support you with award-winning in-house training programs, access to LinkedIn Learning, and reimbursement for external courses to help you get ahead.
Take the next step in your career as part of our team. Apply for this opportunity!
Candidates, please note: if you are being considered for this role, you will be required to complete a background check, such as employment verification, credit check and criminal record check.
Diversity, Equity, Inclusion & Belonging
At First West Credit Union, we embrace diversity regardless of gender identity or expression, sexual orientation, religion, race, ethnicity, age, diverse ability, and any aspect that makes someone unique. Inclusion is woven through our organization, from our employee-led network groups, hiring practices and education programs that address barriers and continually grow our equitable, diverse and inclusive culture.
We encourage people who are from equity-deserving groups to apply for a career with us, including women or non-binary people, persons with diverse abilities, Black, Indigenous Peoples, People of Colour and members of 2SLGBTQIA+ communities.
If an accommodation would help you during the process of applying or interviewing for a career with us, please let us know how we can assist you, whether it's preparing materials in an alternate format, booking an accessible meeting room or other arrangement.
Your individuality is welcome here.
About Us
We're a financial cooperative that does things differently. We provide time-tested advice that helps our members feel optimistic about their future, and we offer comprehensive banking solutions that enable people to confidently reach their goals. With the financial strength and extended branch network of a large financial institution, we maintain local connections to our communities and take a unique grassroots approach to service. Our more than 250,000 members and approximately 1,250 employees operate from 45 branches throughout the province of BC, under the Envision Financial, Valley First, Island Savings and Enderby & District Financial brands. Visit firstwestcu.ca for more information on First West Credit Union.
Please know we appreciate your interest in us but only candidates selected for an interview will be contacted.