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Manager, Portfolio Risk Management


    • Position: Manager, Portfolio Risk Management
    • Position type: Full time
    • Location: Toronto
    • Date posted: 2022-11-04
    • Department: Credit & Risk Management
    • Reporting to: Vice President, Risk Management

    About WealthONE

    Wealth One Bank of Canada is a federally chartered Schedule I Bank and is regulated by the Office of the Superintendent of Financial Institutions (OSFI). Opened in 2016, WealthONE specializes in borrowing solutions suitable for self-employed persons, investors with multiple properties, high net worth individuals, newcomers to Canada and those who have foreign income. Our founders are committed to building a bank to provide a tailored suite of financial products and solutions designed to specifically satisfy the needs of customers in the Chinese Canadian community, as well as all Canadians who share similar financial needs. WealthONE is an equal opportunity employer committed to creating an inclusive environment where all team members and clients feel like they belong.

    Job Description

    In this newly created role, the successful candidate will collaborate with business partners and vendors to enhance the portfolio risk management function of the Bank. The position is responsible for providing effective credit lending portfolio risk management across all areas of the Bank. The Manager, Credit Portfolio Risk Management will work closely with the Director, Risk Management and the Chief Risk Officer (“CRO”) to ensure that portfolio risk management activities are defined, documented, and monitored in accordance with all regulations.

    Key Responsibilities 

    • Identify, assess, measure, and report the key credit portfolio risks;
    • Assist with maintaining and managing credit risk appetite frameworks including supporting credit risk management policies, processes and limits;
    • Monitor the nature, composition and quality of the loan portfolios against portfolio risk limits;
    • Identify patterns, trends or systemic issues within the Bank’s lending portfolios that may impact portfolio risk;
    • Develop and utilize effective credit risk management tools including but not limited to Credit Risk Rating Systems, risk database and stress testing; 
    • Assist the CRO with preparing periodic portfolio risk reporting to ensure a comprehensive and accurate view of the Bank’s credit risk profile;
    • On a monthly basis, conduct Annual Reviews for identified retail lending loans;
    • Ensure that periodic credit quality reviews be held on individual loans and on portfolio level according to related loan review procedures;
    • Work closely with other risk personnel and other departments to strengthen all aspects of portfolio risk management;
    • Develop and cultivate professional, positive relationships with our key internal and external partners.
    • Maintain knowledge, ensure awareness of and compliance with all aspects of applicable legislation and Bank’s policies.

    Occupational Experience & Education Requirements

    • Bachelor's degree in Finance, Economics, Accounting or Business preferred.
    • Minimum of 5 years of credit lending and/or credit risk management experience.
    • Previous experience in a bank environment is preferred.
    • Previous experience in a start-up environment is an asset.
    • Superior relationship building and interpersonal skills including working directly with members of the executive team.
    • Ability to influence and work across the organization, including indirect management as required.
    • Places strong value on a team environment and shares knowledge freely to support others.
    • Excellent communication skills, written and oral.
    • Highly organized, able to prioritize and manage multiple tasks and ability to work under time pressures and deadlines.
    • Ability to work independently and with a high level of professionalism, tact and integrity due to the sensitive nature of information.
    • Excellent time management skills.
    • Good working knowledge of Microsoft Office suite.
    • Project management skills / experience is an asset.

    Who You Are

    • You put our clients and partners first. You engage with purpose, sound judgement, and professionalism to find the right solutions. You go the extra mile because it’s the right thing to do.
    • You’re passionate about people. You like to build relationships and trust through respect, accountability, and authenticity.
    • You are an industry professional with an Undergraduate degree or technical certificate. As a professional, you have over 3 years of relevant analytical work experience, sound knowledge of the financial industry, risk processes and methodologies, and excellent analytical, judgement and decision-making skills.
    • You have what it takes and are energized by a fast-paced, dynamic working environment where teamwork is key to success.
    • You know that attention to detail and discretion when dealing with confidential and sensitive information matters.
    • As a creative problem solver, you know how to analyze data to better understand potential risks, concerns, and outcomes of decisions.

    What WealthONE Offers

    At WealthONE, our people are our greatest asset. You’ll become part of a diverse and growing team that acknowledges everyone’s unique talents to do what’s right for the client, and to do it well. As part of our team, you will:

    • Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and at home.
    • Connect: Work in a place that fosters creativity and collaboration.
    • Develop: Apply your skills and grow your career in a young, fast-growing environment.
    • Prosper: Share in our collective success with a competitive salary, incentive pay, banking and health benefits program.

    What You Need to Know

    • WealthONE is an equal opportunity employer committed to creating an inclusive environment where all team members and clients feel like they belong.
    • You need to be legally eligible to work in Canada. While we are based in Toronto, due to COVID-19 this role can be conducted from any location at present. Our preference is for the incumbent to be Toronto based as some work in the Toronto office will be required.
    • This is a regular full-time role.

    How to Apply

    Please provide your resume and cover letter to stating Manager, Portfolio Risk Management in the subject line. Or click the button below to apply online.

    We thank all interested applicants, however, only those under consideration will be contacted.

    Apply Now