Director, Asset Management (1878)
ATB Financial, Canada
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: REQ1878
Location: Calgary or Edmonton
Apply by: May 20, 2021
Paygrade: N-OTH
Leader Name: VP, Risk Advisory amp; Management
The Director, Asset Management (RAM) leads and coaches a team who manages the impaired non-consumer loan lt;$2MM portfolio. The Director and the Asset Management team member’s partner with stakeholders to provide support and seek timely resolution in high-risk credit situations. Using simple, effective and creative practices this team seeks to help our client’s while keeping losses within expectations.
Specific Accountabilities:
- Mentor and coach a team located throughout Alberta (offices in Calgary and Edmonton) including recruitment, individual performance management, career development and employee engagement.
- Be a driver of a positive teammate experience through developing a culture of empowerment, knowledge and accountability.
- Daily demonstration of living and promoting ATB’s ID.
- Review existing processes and approaches to file management to improve efficiencies and effectiveness of the team, while remaining within ATB’s expectation of the client experience.
- Develop and execute recovery strategies on business and agricultural credit files referred from ATB Business, ensuring files are managed in a timely fashion and at the same time maximizing recoveries to minimize losses for ATB.
- Ensure all policies and processes are adhered to in the management of the impaired assigned files (ie. initial impairment process, recovery process, disposition processes, etc) and all steps are documented
- Review, approve or recommend recovery strategies submitted by Account Managers on files exceeding their level of authority.
- Attend meetings with Account Managers, clients, receivers, solicitors and agents to negotiate repayment arrangements or realization through forbearance, receivership, bankruptcy or seizure.
- Establish Specific Loan Loss Provisions for individually significant accounts.
- Represent ATB through management of external relationships with solicitors, receivers and agents.
- Manage and strengthen internal relationships with other departments such as Business, Finance, Risk Management, Credit and Portfolio Management.
- Perform ongoing monitoring of assigned portfolio, including maintenance of regularly scheduled reporting to Risk Appetite Group.
- Review all quarterly summaries on accounts to ensure action plans are proactive and realistic giving consideration to economic climate, industry risks, aging, etc.
- Coordinate the annual review and update of policies, business rules, business guidelines and processes as they relate to Asset Management.
- Other projects as determined by the Vice President, Risk Advisory amp; Management.
Requirements
- Minimum five years of commercial, business and agricultural lending experience.
- Knowledge and experience in managing problems loans, insolvency, bankruptcy, civil enforcement and litigation is required.
- Effective negotiating and problem solving skills.
- Proven leadership and coaching skills.
- Excellent verbal and written communication and presentation skills.
- Experience in the management of Watchlist exposures (i.e. high risk, non-impaired loans) is an asset.
- Completion of Business degree or equivalent related experience; CFA or MBA would be an asset.
- Ability to effectively establish relationships with both internal amp; external clients and agents in the professional community.
At ATB, we know that highly talented people can readily transfer their skills. If you believe your skills and experience are transferable, please consider putting your name in the running.
Online applications are preferred. Please let us know if you require any accommodations.
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