Manager, Credit Policy
Apply NowCompany: Canada Guaranty Mortgage Insurance Company
Location: Toronto, ON M4E 3Y1
Description:
Who We Are
Canada Guaranty is a privately held Canadian mortgage insurer, established in 2010 following the acquisition of AIG United Guaranty Mortgage Insurance Company Canada by the Ontario Teachers' Pension Plan and National Mortgage Guaranty Holdings Inc.
As a proudly Canadian company, we are committed to service excellence and helping Canadians achieve successful, long-term homeownership. Our mortgage solutions help protect lenders and investors from losses related to borrower default and foreclosure while ensuring Canadians are provided with greater access to affordable and sustainable homeownership.
Canada Guaranty's performance-driven culture thrives on accountability, collaboration, and supportive teamwork. If you're a dedicated team player with a strong track record of excellence, we can't wait to hear from you!
About The Opportunity
The Risk Management team at Canada Guaranty is responsible for guiding the prudent growth and evolution of the mortgage insurance portfolio through the effective use of analytics, credit policy and an enterprise risk framework.
Reporting to the Senior Manager, Credit Policy, the Manager, Credit Policy will be responsible for guiding the prudent growth and evolution of the mortgage insurance portfolio through the effective use of policy and underwriting execution. This position will be responsible for the evaluation and development of credit risk policies and procedures.
The role will encompass identifying current and emerging trends and associated risks. The successful candidate will be innovative and creative with excellent written and verbal communication skills, and a thorough understanding of mortgage lending. This is a business-critical position with high visibility and regular contact with senior and executive management in all areas of the organization.
In this role, you will:
Essential Qualifications
Preferred Qualifications
What We Offer You
Canada Guaranty is proudly recognized by Great Place to Work as one of the Best Workplaces in Financial Services & Insurance (2024), Best Workplaces in Ontario (2024), and Best Workplaces with the Most Trusted Executive Teams (2025). Join us and see why!
We offer a comprehensive total rewards package, including competitive compensation, company-matched retirement programs, health and dental coverage, flexible work options, and a friendly, inclusive, and supportive culture.
Accommodation Notice
Canada Guaranty is committed to fostering an equitable, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we serve and work alongside. Candidates may request accommodation at any point during the interview process.
#LI-Hybrid / #LI-PRO
Canada Guaranty is a privately held Canadian mortgage insurer, established in 2010 following the acquisition of AIG United Guaranty Mortgage Insurance Company Canada by the Ontario Teachers' Pension Plan and National Mortgage Guaranty Holdings Inc.
As a proudly Canadian company, we are committed to service excellence and helping Canadians achieve successful, long-term homeownership. Our mortgage solutions help protect lenders and investors from losses related to borrower default and foreclosure while ensuring Canadians are provided with greater access to affordable and sustainable homeownership.
Canada Guaranty's performance-driven culture thrives on accountability, collaboration, and supportive teamwork. If you're a dedicated team player with a strong track record of excellence, we can't wait to hear from you!
About The Opportunity
The Risk Management team at Canada Guaranty is responsible for guiding the prudent growth and evolution of the mortgage insurance portfolio through the effective use of analytics, credit policy and an enterprise risk framework.
Reporting to the Senior Manager, Credit Policy, the Manager, Credit Policy will be responsible for guiding the prudent growth and evolution of the mortgage insurance portfolio through the effective use of policy and underwriting execution. This position will be responsible for the evaluation and development of credit risk policies and procedures.
The role will encompass identifying current and emerging trends and associated risks. The successful candidate will be innovative and creative with excellent written and verbal communication skills, and a thorough understanding of mortgage lending. This is a business-critical position with high visibility and regular contact with senior and executive management in all areas of the organization.
In this role, you will:
- Manage a comprehensive set of internal credit policies, external underwriting guidelines, and insurance products that represent reasonable risk to the organization while meeting the needs of our customers
- Develop and maintain strong strategic relationships with lender partners to effectively manage credit policy discussions and related requests
- Develop strong strategic relationships with counterparts throughout Canada Guaranty to understand the scope and implications of new products, guidelines, programs, policies and procedures
- Act as the primary support person for the Sales, Underwriting and Operations teams for risk requests with the ability to prioritize these requests from various departments
- Manage the lender onboarding process, ensuring compliance with regulatory requirements
- Maintain a keen awareness of industry and market trends related to Canada Guaranty's management of credit policies and an in-depth knowledge of the organization's portfolio dynamics
Essential Qualifications
- At least 5 years of experience in Risk Management, Portfolio Risk Management or Underwriting Management
- College Diploma or University degree
- Extensive knowledge of mortgage lending and the mortgage insurance industry, with an emphasis on underwriting/risk policy
- Demonstrated ability to synthesize information and present clearly and concisely at the Executive level
- Familiarity with mortgage policies, products, systems, risk rules, and models
- Proven ability to successfully manage multiple projects and priorities and meet deadlines.
- Exemplary analytical skills with attention to detail
Preferred Qualifications
- Bilingualism in French and English would be a major asset
- Graduate level education
What We Offer You
Canada Guaranty is proudly recognized by Great Place to Work as one of the Best Workplaces in Financial Services & Insurance (2024), Best Workplaces in Ontario (2024), and Best Workplaces with the Most Trusted Executive Teams (2025). Join us and see why!
We offer a comprehensive total rewards package, including competitive compensation, company-matched retirement programs, health and dental coverage, flexible work options, and a friendly, inclusive, and supportive culture.
Accommodation Notice
Canada Guaranty is committed to fostering an equitable, accessible environment where all employees feel valued and supported. We are committed to building a workforce that is representative of the communities we serve and work alongside. Candidates may request accommodation at any point during the interview process.
#LI-Hybrid / #LI-PRO