Special Risks Manager (lvl 19/20)
Apply NowCompany: Export Development Canada
Location: Ottawa, ON K1A 0A5
Description:
Application deadline: May 1, 2025
Join the EDC Team!
At EDC, we support Canadian businesses to succeed globally. We provide the financial tools and expertise they need to explore new markets, reduce risks, all towards the goal of making Canada and the world better through trade. #LI-Hybrid
Position: Special Risks Manager (lvl 19/20)
Employment Type: Permanent
Compensation Details :
Location:
About EDC:
At Export Development Canada (EDC), we empower Canadian businesses to succeed globally. As a financial Crown corporation, we offer innovative financial solutions and expert insights to help businesses explore new markets, mitigate risks, and achieve growth.
Why Join EDC?
Team Overview:
Export Development Canada's Special Risks Team is responsible for managing all recovery and rehabilitation efforts on distressed and impaired loans in EDC's Corporate and Canada Account portfolios. The team's responsibilities include working with distressed companies to find solutions that drive the best outcomes for both EDC and its customers, including negotiating debt restructurings (through CCAA/Chapter 11 or out-of-court agreements), and seeking recovery on loans through bankruptcy and similar proceedings or through asset sales, liquidations, etc.
The Special Risks Team works closely with EDC's loan origination teams to share learnings and experience on distressed files, enabling the business teams to adapt their underwriting and portfolio management strategies.
This role will give you an opportunity to apply your knowledge of financing to play an important role in helping manage distressed borrowers, and to work with Canadian and international companies to help them navigate through challenging market conditions.
Reporting to the Director of Special Risks, the successful candidate, depending on the knowledge and expertise of the individual, will be responsible for managing a portfolio of distressed loans (which could range from small commercial domestic loans to large international structured credit facilities), negotiating changes to lending terms and conditions, developing documentation, making credit recommendations and obtaining all required approvals, and managing loans through insolvency proceedings, as required, in collaboration with legal counsel and/or external advisors.
We are looking for a motivated and seasoned professional who is keen to take on a new challenge and enhance their professional experience, gain a deep knowledge of how risk mitigants in loan structures play out in a workout scenario, and sharpen their skills in strategic thinking and complex negotiations.
What you will be doing:
What we are looking for:
What will make you stand out:
Eligibility:
EDC is dedicated to Fair Employment Practices. Applicants must be Canadian citizens or hold valid permanent residency cards at the time of application. Preference will be given to candidates who are legally able to work in Canada (Canadian Citizens or Permanent Residents). Candidates must also meet the government security screening requirements.
This position is open to individuals who meet all the essential criteria outlined above and submit their applications by the closing date. Ready to make a difference? This is your chance to join a dynamic, growing team and leave your mark on our organization, development finance, and the world. Apply today!
Want to learn more about EDC? Check our website here https://www.edc.ca
EDC's Commitment to Employment Equity
Ex port Development Canada (EDC) is dedicated to fostering employment equity and building a diverse workforce. We are committed to creating a safe and inclusive environment that respects people from all cultures, backgrounds, and abilities. At EDC, we nurture a culture of inclusion and belonging where everyone has equal opportunity to grow, develop, succeed, and be their truest selves.
We actively encourage applications from women, Indigenous peoples, visible minorities, persons with disabilities, and members of the 2SLGBTQI+ community.
Should you require any accommodation during the recruitment and selection process, please let our Recruitment team know
Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at EDC; however, only those candidates who are selected for an interview will be contacted.
Join the EDC Team!
At EDC, we support Canadian businesses to succeed globally. We provide the financial tools and expertise they need to explore new markets, reduce risks, all towards the goal of making Canada and the world better through trade. #LI-Hybrid
Position: Special Risks Manager (lvl 19/20)
Employment Type: Permanent
Compensation Details :
- Special Risks (Loans) 19 : Salaries typically range from $109,810 to $146,413 annually, based on qualifications and experiences, plus a performance-based incentive.
- Special Risks (Loans) 20 : Salaries typically range from $127,380 to $169,838 annually, based on qualifications and experiences, plus a performance-based incentive.
Location:
- Export Development Canada operates in a hybrid work environment, currently requiring employees to work in the office 2 days per week. (subject to change)
- This role can be performed from EDC's headquarters in Ottawa or from one of our Community Hubs located in Toronto, or Montreal.
- Relocation assistance is available for candidates who meet the eligibility criteria.
About EDC:
At Export Development Canada (EDC), we empower Canadian businesses to succeed globally. As a financial Crown corporation, we offer innovative financial solutions and expert insights to help businesses explore new markets, mitigate risks, and achieve growth.
Why Join EDC?
- Collaborate with a diverse, experienced team - Work alongside talented professionals who bring a wealth of knowledge and expertise to drive success.
- Thrive in a supportive, teamwork-driven environment - Flourish in a workplace where collaboration and mutual support are paramount.
- Impact global communities through sustainable growth in emerging markets - Make a meaningful difference by fostering sustainable development in key regions around the world.
- Recognized as one of Canada's Top 100 Employers, Best Diversity Employers, and a Top 100 Family-Friendly Employers - Join a company that is celebrated for its commitment to excellence, diversity, and work-life balance.
- Enjoy a comprehensive Total Rewards package:
- Flexible benefits - Our program lets you choose coverage that suits your unique needs, including Medical, Dental, Life, and more. Plus, we offer additional Flex credits to tailor your plan even further.
- Defined Contribution Pension Plan - Secure your future with our generous matching program that helps you save for retirement.
- Competitive vacation program - Enjoy a work-life balance with our competitive vacation program, starting with 4 weeks of vacation and 2 floater days each year for permanent employees.
- Comprehensive wellness programs - Stay healthy and happy with access to wellness initiatives, mental health support, and fitness programs.
- Professional Development - Advance your career with our support for growth and development through conferences, language training, and educational opportunities.
Team Overview:
Export Development Canada's Special Risks Team is responsible for managing all recovery and rehabilitation efforts on distressed and impaired loans in EDC's Corporate and Canada Account portfolios. The team's responsibilities include working with distressed companies to find solutions that drive the best outcomes for both EDC and its customers, including negotiating debt restructurings (through CCAA/Chapter 11 or out-of-court agreements), and seeking recovery on loans through bankruptcy and similar proceedings or through asset sales, liquidations, etc.
The Special Risks Team works closely with EDC's loan origination teams to share learnings and experience on distressed files, enabling the business teams to adapt their underwriting and portfolio management strategies.
This role will give you an opportunity to apply your knowledge of financing to play an important role in helping manage distressed borrowers, and to work with Canadian and international companies to help them navigate through challenging market conditions.
Reporting to the Director of Special Risks, the successful candidate, depending on the knowledge and expertise of the individual, will be responsible for managing a portfolio of distressed loans (which could range from small commercial domestic loans to large international structured credit facilities), negotiating changes to lending terms and conditions, developing documentation, making credit recommendations and obtaining all required approvals, and managing loans through insolvency proceedings, as required, in collaboration with legal counsel and/or external advisors.
We are looking for a motivated and seasoned professional who is keen to take on a new challenge and enhance their professional experience, gain a deep knowledge of how risk mitigants in loan structures play out in a workout scenario, and sharpen their skills in strategic thinking and complex negotiations.
What you will be doing:
- Thoroughly understand all aspects of EDC's lending programs, including EDC's market position, risk appetite and related loan documentation.
- Support/lead (as appropriate relative to file complexity) all aspects of restructuring and transaction management, loss mitigation assessments and recommendations, and internal communications.
- Responsible for managing communications with borrowers, bankers, lawyers, receivers, trustees and advisors.
- Deliver difficult messages and work to build consensus externally and internally.
- Resolve issues that may arise with internal or external counterparties.
- Where applicable, act as a resource, coach or mentor for colleagues with less experience.
- Support the team with corporate initiatives or projects involving process improvements, governance, risk management practices, teambuilding and knowledge sharing.
What we are looking for:
- Completion of an MBA or other post-graduate education in related disciplines, CPA or CFA.
- Special Risks (Loans) 19: Minimum five years of experience in a special risks function or in commercial/corporate lending, structured or project financing, with demonstrated experience in negotiations, structuring, loan documentation, and security and credit analysis.
- Special Risks (Loans) 20: Candidates with significant expertise in these areas and in-depth experience in complex structures will be considered for Level 20.
What will make you stand out:
- Strong preference for bilingualism (English & French)
- CFA designation
- Spanish language skills or advance knowledge of other key international trading market languages
Eligibility:
EDC is dedicated to Fair Employment Practices. Applicants must be Canadian citizens or hold valid permanent residency cards at the time of application. Preference will be given to candidates who are legally able to work in Canada (Canadian Citizens or Permanent Residents). Candidates must also meet the government security screening requirements.
This position is open to individuals who meet all the essential criteria outlined above and submit their applications by the closing date. Ready to make a difference? This is your chance to join a dynamic, growing team and leave your mark on our organization, development finance, and the world. Apply today!
Want to learn more about EDC? Check our website here https://www.edc.ca
EDC's Commitment to Employment Equity
Ex port Development Canada (EDC) is dedicated to fostering employment equity and building a diverse workforce. We are committed to creating a safe and inclusive environment that respects people from all cultures, backgrounds, and abilities. At EDC, we nurture a culture of inclusion and belonging where everyone has equal opportunity to grow, develop, succeed, and be their truest selves.
We actively encourage applications from women, Indigenous peoples, visible minorities, persons with disabilities, and members of the 2SLGBTQI+ community.
Should you require any accommodation during the recruitment and selection process, please let our Recruitment team know
Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at EDC; however, only those candidates who are selected for an interview will be contacted.