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Assistant Vice President, Credit Risk Management

IG Wealth Management

IG Wealth Management

Toronto, ON, Canada · Montreal, QC, Canada · Toronto, ON, Canada
Posted on Oct 30, 2024

Division: IG Insurance Mortgage & Banking

Location: Montreal, Toronto or Winnipeg

IGM Financial Inc. is one of Canada's leading diversified wealth and asset management companies with approximately $271 billion in total assets under managements. The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals. Its activities are carried out principally through IG Wealth Management and Mackenzie Investments.

Under IGM Financial's unique business model based on leading brands and multi-channel distribution strategy, we’re IG Wealth Management. For over 90 years of business, we have grown to become one of the largest most respected companies in Canada. We are a leader in providing the best advice, experience and outcomes for our clients, personalized throughout their lifetime.

At IG Wealth Management, our vision is to inspire financial confidence.

This is your opportunity to build a career with a leading organization where you can learn, grow and thrive both professionally and personally. We are proud to be recognized as one of Canada’s Top Employers by Mediacorp Canada Inc. for empowering our employees with the tools to thrive while working remotely, while also providing resources to ensure physical and mental wellness were put front and center.

You will join a team that believes our success starts with the success of our clients, while working together as a team to realize our greatest potential. You will join a team that strives towards excellence while developing and sharing skills and knowledge. You can make a difference for our clients, the world around us and be part of a team that cares. We are dedicated to offering a hybrid work environment when applicable.

IG Wealth Management is a diverse workplace committed to doing business inclusively - this starts with having a representative workforce! We encourage applications from all qualified candidates that represent the diversity present across Canada – including racialized persons, women, Indigenous persons, persons with disabilities, 2SLGBTQIA+ community, gender diverse and neurodiverse individuals, as well as all who may contribute to the further diversification of ideas.

We are currently looking for an Assistant Vice-President, Mortgage Credit and Risk and Portfolio Management to join our Mortgage department.


On a national level, the Assistant Vice-President is a key member of the leadership team responsible for managing our $10B residential mortgage business. This individual will lead a team responsible for maintaining lending guidelines and risk policies, reporting on and managing portfolio quality, monitoring regulatory changes and macro-economic trends in the industry, and overseeing audit and quality control processes.


Responsibilities

  • Oversite of an effective risk framework governing our mortgage business and key partner relationships.

  • Monitor and report on portfolio risk and trends.

  • Ensure lending guidelines and risk management strategies are updated to reflect regulatory, macro-economic, and strategic changes.

  • Oversee quality assurance and audit processes (internal and 3rd party).

  • Provide solutions-oriented underwriting solutions for complex cases and higher-level approvals.

  • Support credit loss forecasting (budget, expected loss, and stress tests).

  • Work closely with the executive leadership team on strategies to enhance the overall mortgage business.

Experience and Skills

  • 10+ years of experience leading a team of residential mortgage risk professionals. National scope.

  • In depth knowledge of big 5 bank risk practices & lending guidelines, and mortgage regulation (i.e. OSFI B20, Department of Finance).

  • Expert level of knowledge on all aspects of residential mortgage lending, Including in-depth knowledge of business financials for business owners.

  • Post-secondary education in a relevant business discipline.

  • Collaborative leadership style and great team player.

  • Highly proficient PC skills and use of current technology.

  • Experience with automated lending models.

  • Experience with other personal lending guidelines would be an asset.

  • Bilingual English/French is preferred.

Please visit our career page by clicking on the following link: https://www.ig.ca/en/careers

We thank all applicants for their interest in IG Wealth Management; however only those candidates selected for an interview will be contacted.

IG Wealth Management is an accessible employer committed to providing a barrier free recruitment experience. If you require an accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs.

Please apply by November 18, 2024.

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