Job Description

Description :

Working at Vancity you'll be a part of a values led organization on a to change our world for the better. You'll also be joining an organization that puts people first and is continually looking for ways to promote our employee's well-being. This shows up in many ways, including:

• Generous vacation days (starting at 4 weeks).
• A defined benefit pension (you may have to ask around what they are as they are pretty uncommon these days) with generous employer contributions.
• Up to $2,400 towards self-directed professional development each year
• Flexible work schedules available.
• Remote work arrangements (The position can be fully or partially remote, with flexibility to work from home or office).

Commercial Real Estate Expert, Income Producing Property and Development Project Analysis, Impact Lending, Loan Structuring, Credit Risk Management, Portfolio Management, Regulatory Compliance ...do you know who does this kind of work?

If this is a description of what you do or want to be doing more of, take a look at this Senior Risk Manager opportunity! Our Community Real Estate (CRE) Credit team is growing, and we are looking for a seasoned professional who's up for a new challenge.

The role:

• Provide credit risk management for CRE's portfolio of conventional and impact commercial real estate loans, ensuring they reflect Vancity's strategic goals and address current market conditions.
• Work closely with CRE and their lending partners, provide best advice and credit risk management on new lending opportunities, loan approval requests, renewals, annual reviews, amendments, and high-risk loan monitoring, to ensure established quality and service standards are met.

• Mitigate risk by ensuring loans are approved in accordance with Vancity Lending Policy, and CRE Policies and Procedures, funded and managed in accordance with approval terms.
• Build effective working relationships with internal and external partners.
• Identify process improvements supporting continuous improvement of CRE lending practice, policies and procedures.

A typical day would involve:

• Working closely with a small team of commercial real estate lending professionals, your week begins with the Credit, Administration and Production meeting to review a pipeline of current opportunities in BC, sharing relevant updates for the department and organization, and current market information.
• Supporting the Production team by working one on one with account managers, reviewing new lending opportunities, assisting with account management, loan structure and analysis, review of conditions precedent, to ensure risk appetite, policies and procedures are adhered to.
• Supporting the Administration team with subject matter expertise in loan administration including funding, documentation and the core banking system.
• Opportunity to work with Vancity's subsidiary Vancity Community Investment Bank providing credit risk management and adjudication for CRE's AB and ON portfolio.
• Participating in department and corporate initiatives and strategies, helping build operational excellence.

You are:

• Analytical and Problem Solver - You analyze complex commercial real estate property and mortgage applications, renewals, amendments, annual reviews, initial fundings, and progress draws within authorized lending limits, to achieve strategic goals and maintain portfolio quality and profitability.
• Creative and Strategist - You mitigate risk with creative solutions. You implement timely and effective resolutions for deteriorating or delinquent accounts, monitor loan quality and mitigate potential loss.
• A Subject Matter Expertise - You provide subject matter expertise to CRE, internal and external partners and stakeholders. You stay on top of current and relevant trends in the commercial real estate industry by utilizing internal and external connections.
• Passionate - about being a financial force for change and believe that finance can have a positive impact in the world.

You have:

• An undergraduate degree, ideally a Bachelor of Commerce with a major in Urban Land Economics.
• Minimum 10 years experience financing and/or appraising commercial real estate investment properties and commercial and multi-family development projects.
• Experience structuring complex loan structures with multiple partners, financing a variety of property types including affordable housing, environmentally sustainable buildings, social purpose real estate, and market income producing properties.
• Experience reviewing and assessing a variety of documents including appraisals, lease agreements, building condition reports, environmental reports, corporate and personal financial statements, project development budgets, quantity surveyor reports, agreements for purchase and sale and loan security documents.
• Working knowledge of anti-money laundering and terrorist financing due diligence to ensure CRE's portfolio remains compliant with the PCMLTFA.
• Demonstrated ability working with advanced MS Office Suite, primarily focused in Excel, Word, Outlook, Skype, SharePoint, and PowerPoint.

Bonus points, if you have:

• Experience working with T24 core banking platform.

The team:

In this role, you will report into the Director, Community Real Estate Credit and work together with CRE located at Vancity' s Head Office.

The position can be fully or partially remote, with flexibility to work from home or office.

Posting Deadline: Until filled.

About Vancity:

• When you join Vancity as an employee and a member, you join a movement that believes that when we use money for what's right, we truly are a financial force for change.
• Our

is to redefine wealth--and we are doing so by using the tools of finance to prioritize the wellbeing of our members and our communities by tackling the climate crisis and we are proving every day that sustainable is profitable. * We are the largest private-sector
in Canada and have been consistently recognized as one of the . Come join our team of 2,600 diverse individuals and access competitive , all while knowing you are apart of a greater movement. * Start your Vancity career journey with us even if you're new to financial services! We provide in-house paid training to gain general financial knowledge, and to learn about our products & services. We encourage opportunities to learn & develop to prepare you for career success, which in turn continuously impresses how we serve our membership.

• Vancity is committed to a diverse workplace and values Integrity, Innovation, Responsibility and

. While we review all applicants, we will be prioritizing applicants who self-identify as Indigenous peoples (First Nations, Inuit, and Metis), Members of visible minorities, and Persons with disabilities. * To learn more about Vancity, please visit
.