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Director, Business Credit Strategy (1721) Job in Canada
ATB Financial , Canada

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Experience
1 Year
Salary
0 - 0
Job Type
Job Shift
Job Category
Requires Traveling
No
Career Level
Telecommute
No
Qualification
Bachelor's Degree
Total Vacancies
1 Job
Posted on
Apr 13, 2021
Last Date
Jul 13, 2021
Location(s)

Job Description

Listening to Albertans. Going deeper to understand who they are and where they’re going. Translating the complex world of banking and investing into brilliantly simple solutions. Through all this, we believe we can create happiness. This is the ATB way.


Job Number: REQ1721

Location: Calgary or Edmonton (while role may work remotely, travel to either Calgary or Edmonton will be required)

Apply by: April 26, 2021

Paygrade: N-OTH

Leader Name: VP, Business amp; Corporate Credit


Reporting to the Vice President, Business amp; Corporate Credit, the Director, Business Credit Strategy will be responsible for the management and completion of complex issues, initiatives and projects (i.e. Single Name/Common Risk Exposure and determination; lending authorities for Business lenders, loan origination project) that relate to the Business Credit, Financial Markets, and Capital Markets area including the completion of white papers and the implementation of any resulting policies, processes and procedures.

They will be responsible for maintaining a current knowledge of the operations of the Credit Risk and Risk Advisory groups, the lending trends and best practices in the areas noted previously, non-lending trends that could impact these areas, and existing and developing regulatory guidance and board level policies.

This position will be the primary point person for all issues, initiatives and projects related to the areas noted above and will work with subject matter experts in the Credit Risk and Risk Advisory groups to evaluate various complex situations, develop a series of solutions to resolve and facilitate the implementation of the one selected by the leadership group.


Key Responsibilities:

  • Under the guidance of the Vice President, Business amp; Corporate Credit and Risk Advisory, this position will be responsible for dealing with complex issues, initiatives and projects relating to the Credit Risk and Risk Advisory areas. This role will be the primary project person for Business matters beyond $1mm. They will be tasked with the management of these areas including investigating and understanding the subject; completing internal and external research; developing and recommending options to resolve; implementing the option agreed upon; and modifying or developing any related policy or process documents. The individual will have the benefit of working with subject matter experts both within the Strategic Support Unit and the Area of Expertise, however will be largely expected to work independently and without material direction.
  • Subject matter expert on the why behind credit, the policy, guidelines and regulatory requirements that ATB operates under. The go to person for interpretation of policies and guidelines (including regulatory issues) therefore coaching and training/mentorship required.
  • Responsible for the timely review and updating of all Credit Risk and Risk Advisory related Operating Guides and board policies and frameworks, along with all internal Credit Risk and Risk Advisory processes. This will include the continued efficiency, effectiveness, market relevance, and customer first focus of each of these areas and making recommendations for their modification.
  • Expected to develop and maintain internal and external relationships to keep current with internal and external developments, trends, issues and initiatives. Key internal relationships will include associates in Credit Risk, Risk Advisory, Underwriting amp; Sales Support, Experience Office, and Business Adaptations groups.
  • Expected to take Credit Risk regulatory requirements and board policies and frameworks and translate them into easily articulated, effective and customer first policies and processes that can be readily understood and applied with confidence by lenders and adjudicators. OSFI, Basel, EUCB, and various U.S. regulators issue advisory and guidance documents. The challenge is these documents can be vague and provide little background as to the why and how it impacts Credit. It will be incumbent on this role to search out the why and develop an hypothesis and apply this to what ATB desires to do as an organization.
  • In conjunction with the Vice President, Business amp; Corporate Credit and Risk Advisory, the role will work to develop, maintain and measure Key Performance Indicators that speak to the effectiveness and customer first focus on the group.
  • Look for trends and opportunities to enhance the group’s performance, fully flushing out the options and making the appropriate recommendations for changes to the appropriate teams.
  • Utilize deep credit knowledge to perform global research to identify emerging trends, best practices, industry developments, and benchmarking data that will aid in the development and evolution of the Credit Risk and Risk Advisory groups and their continued effectiveness. The role will be expected to drive the research and development of policies and guidelines that could determine/change the structuring of credit deals once approved.

Requirements

  • A bachelor's degree in a related discipline (Accounting, Business, Finance) is required along with a life-long commitment to learning.
  • An in-depth knowledge and understanding of ATB Business lending policies and end to end processes.
  • Must be a seasoned lender with no less than 10 years experience in a Relationship/Account Management or comparable adjudication role.
  • In-depth knowledge and experience in the practical application of commodity, foreign exchange and interest rate derivatives as well as ISDA documentation
  • Familiarity with ASFI, OSFI and BASEL banking regulations, specifically credit related guidance, governance and best practices and the ability to grasp complex regulatory and other emerging concepts (i.e. ESG) governing or influencing the credit function, and interpret, understand and translate them into broader ATB policies, processes and specific lending requirements.
  • A good understanding of the why of lending, that is the five C’s of Credit, the use of covenants, why certain lending values/leverage/debt coverage ratios are applied, and how they influence risk.
  • A good understanding of the industries that ATB lends to. While the position is not expected to be an expert in each, they should understand the unique characteristics of most industries and how they influence our risk
  • While the individual is not expected to have a deep knowledge of digitization, information technology, machine learning or artificial intelligence, they should have a passion and interest in this area and the ability to envision how these can be deployed in the Credit Risk and Risk Advisory areas to maximize effectiveness.
  • Expert communication skills including written and verbal presentations.
  • Excellent interpersonal skills with strong ability to build and maintain relationships.
  • Ability to work independently without material direction to craft lending policies and program guidelines including thinking creatively and outside the norm, developing a formal roll-out strategy, communication program and training as appropriate..
  • Must be able to articulate complex subjects in a concise and easily understood manner and be both a good negotiator and listener.
  • Act as change management architect, able to drive and enable change

Benefits

Purpose. Growth. Advancement. Fun. Rewards learn about our perks and benefits.

A little about ATB:

We are Alberta’s largest, home grown financial institution and for the last 80+ years, we’ve transformed people’s understanding of what banking canand shouldmake possible. Today, 5,500+ ATB team members embrace a growth mindset in order to help bring ATB’s story to life, delivering happiness to our customers and team members alike. It’s why we’re also a highly sought after, award-winning employer. The best part is, we’re just getting started. Join us, and create happiness.

To learn more about atb, visit atb.com.

What happens next?

If you make the shortlist for this role, you will hear from us within 10 business days of the posting close date. We will also keep your application on file for future roles that you may wish to consider.

We are also an equal opportunity employer. Find out more about what to expect when applying.

If your application is shortlisted, we might ask you to participate in a digital interview.

Stay in touch!

ATB is happy to know you’re interested in a career with us! Follow us on LinkedIn, Facebook and Instagram to get the inside scoop on what our team is up to.

Job Specification

ATB Financial

Information Technology and Services - Calgary, Canada