Job Description

At , we strive to build value for the people who choose us every day: our people, our clients and our investors. We do this by holding true to the values that guide us. We put people first and build relationships with intention. We seek out and embrace new ideas, knowing that better is always possible. We believe that how we do things is as important as what we do. And we harness the power of inclusion. Our culture is who we are and how we show up - as individuals and as a team - to accomplish our strategy.

Location: Edmonton, Toronto, Calgary or Vancouver.

Canadian Western Bank (CWB) is the only full-service bank in Canada with a strategic focus to meet the unique financial needs of businesses and their owners. Our teams take a relationship-based approach to deliver a uniquely proactive client experience through highly personalized service, specialized expertise, customized solutions, and faster response times. We provide full-service business and personal banking, nation-wide specialized financing in targeted industries, comprehensive wealth management offerings, and trust services.

Our highly engaged teams operate within a client-centric, collaborative, and change-ready culture, with a core focus to achieve our vision to become the best full-service bank for business owners in Canada as we continue to transform our capabilities, united as one.

The opportunity

We are currently seeking a Senior AVP & Team Lead to lead the Commercial Special Asset Management Unit team. This leader will report directly to the Vice President, Special Asset Management Unit and be responsible for direct management of the largest and most complex unsatisfactory files, adjudication of large commercial files managed and underwritten by the team of direct reports and providing support and file direction to the team on an individual basis as well as at a portfolio level. The successful incumbent will provide strategic file leadership and direction, coaching, oversight, and guidance in managing through identified commercial high-risk accounts and borrowings across Canadian Western Bank. The role will lead an experienced team of professionals who manage the highly sensitive nature of these relationships and the intricate credit administration and monitor and control requirements in addition to deep engagement with 3rd party service providers. This individual will act as a critical partner in managing commercial, high-risk borrowing by minimizing Canadian Western Bank\xe2\x80\x99s overall risk, with a focus towards the rehabilitation of the commercial clients lending relationship.

Areas of focus

Risk Mitigation

Responsible for the overall day-to-day management (of assigned accounts), adjudication (of team managed accounts) and strategic management direction (including restructure and recovery) of high-risk portfolio to achieve an acceptable level of risk or to maximize recovery of capital.

High degree of oversight through the team on watch and impaired commercial loans. Also provides lower-level oversight and direction to Branch Lenders as required on Watch list accounts.

Responsible for identifying deteriorating situations within the high-risk commercial portfolio that can result in material risk/losses to the organization.

Relationship Management

Navigate and guide staff through complex and highly sensitive commercial client relationships, with a focus on retention and rehabilitation, balancing the risk and interests of the organization.

Maintain expert knowledge of commercial clients and prospects, market, competition, and economic factors, in conjunction with a robust understanding of key business issues and trends.

Identify and respond to changes in the business environment, establishing strategic action plans to address commercial client\xe2\x80\x99s issues and priorities.

Reporting

Responsible for transparent reporting requirements on the high-risk commercial portfolio, that meets internal and regulatory controls.

Accountable for internal reporting requirements and activity on day-to-day management of high-risk commercial portfolio.

Accountable for completing the adjudication and review of underwriting (RAS), Watch List or Impaired Reports for commercial accounts under team management, providing authorizations / recommendations including fulsome action plans for review and approval.

Leadership

Deliver effective hiring, talent development, performance management and reward processes and programs across areas of responsibility that positively affect attraction, motivation, engagement, and retention of best-in-class talent.

Provide responsive, positive, and constructive leadership coaching, mentorship and direction to direct and indirect reports.

Qualifications & competencies

Undergraduate degree in commerce, finance or accounting disciplines, including a degree / designation (MBA, CFA, CBV, CPA) or commensurate experience required.

Minimum of ten (10) years relationship management background in large (Commercial, Real Estate and Equipment Finance) including syndications, including two (2) years direct experience managing problem accounts and work-out situations.

Minimum five (5) years of credit adjudication (Commercial, Real Estate and Equipment Finance) with a focus on higher dollar value transactions ($10MM +).

Minimum five (5) years of senior management / leadership (large team management).

Working knowledge of Moody\xe2\x80\x99s Financial Analyst with strong computer skills including working knowledge of Excel, Word, T24, WAVE and Adobe Forms.

Exceptional skills in client engagement and retention, with a best for clients focus.

Strong organizational, analytical, negotiation and mediation skills.

Expert level experience with financial statement analysis and accounting software programs.

Understanding of legal issues around insolvency, BIA and CCAA.

Proven coaching and leadership skills.

Why work with us?

Your success is our obsession.

If you are obsessed with client success \xe2\x80\x93 we will surround you with a strong foundation of care, support, autonomy & know-how to make it happen. Learning, development, coaching, mentorship, & opportunities for growth & innovation. Challenging work matched with recognition & rewards. Pay for performance incentives and all the vital benefits to take care of you and your loved ones because your whole wellness matters - physical, mental, financial, & spiritual! We live for today, and plan for tomorrow. Your investments grow with us with our RSP & ESP programs. And being an owner brings a differentiated level of motivation, engagement, empowerment & reward \xe2\x80\x93with CWB, every employee can be an owner. Need another reason?

Recognized as one of 50 Best Workplaces in Canada by Great Places to Work 2023

Winners of Canada\xe2\x80\x99s Most Admired Corporate Culture 2023

Values. Culture. People. Growth. Opportunity.

#LI-RL1

As an equitable employer, CWB Financial Group is committed to providing a safe and where a diverse workforce thrives. You are welcomed and encouraged to bring your whole self to work. Dignity, respect and equality are non-negotiables. If you require during any part of the recruitment or selection process, please reach out.

Closing Date:

• Position closes at 12:01am on the close date identified below. 01/30/2024

Canadian Western Bank