Manager, Commercial Credit Risk

As a locally based financial institution, Cambrian Credit Union is known for working within our community. Everything we do at Cambrian is guided by our five simple values: Integrity and Honesty; Member Focused; Competitive; Community Involvement; Innovative Spirit.

Cambrian Credit Union is seeking a Manager, Commercial Credit Risk to join our Commercial Credit Risk Team.

A member of the Risk Management team, the Manager, Commercial Credit Risk has strong financial acumen and uses it to support both Commercial Banking and Commercial Credit Risk. The Commercial Credit Risk Manager provides support in the overall management of commercial credit risk and administration through the comprehensive analysis of commercial credit, implementation of policies and practices to mitigate risk and ensure compliant commercial lending practices. Additionally, for transactions under a dollar threshold, the Commercial Credit Risk Manager will adjudicate credit applications. Support for Commercial Credit Risk will include various administrative functions to ensure adherence to Cambrian's audit and compliance standards and will assist with tasks and projects as necessary including participating in the oversight of the commercial credit portfolio.

In the role of Manager, Commercial Credit Risk, you will:

• Supervise and lead the Credit Analyst team, providing ongoing development and performance management, including timely training and skill development, managing and addressing performance issues, completing performance reviews, and ongoing coaching.
• Apply sound credit adjudication knowledge and technical acumen within the risk parameters established by Cambrian Credit Union Executive and Board of Directors, as outlined in Loan Policy Manual and other Board and Audit Committee directives, and within limits established by the Board and Central Credit Committee - while meeting service level agreements.
• Seek ways to improve commercial credit processes through continuous review and development of commercial procedures.
• Provide management with recommendations for revisions to policy and/or procedures as needed or required.
• Assist in monitoring the Commercial portfolio to ensure compliance with loan policy and procedures.
• Provide input as needed in the structuring of new deals and/or workout situations. Be aligned to the business development objectives of the organization within the parameters of an established risk management philosophy and framework.
• Assist with syndication opportunity evaluation and underwriting.
• Accountable for remaining current with commercial credit industry trends, rules, regulations, products and strategies.
• Assist and support the Vice-President, Credit Risk & Syndications as deemed necessary or required.

Your Education & Experience:

• Undergraduate degree in Accounting, Finance, and/or equivalent.
• Minimum five years of commercial credit experience within the Canadian financial services industry.
• Previous leadership experience considered an asset.
• Previous experience in the credit union industry, considered an asset.
• Experience in commercial credit; particularly in the areas of risk analysis, credit structuring and monitoring.
• Proficient in PC applications of Outlook, Word & Excel.
• Innovative thinker, open to new ideas, processes and applications.
• Ability to work well in an environment with multiple and often changing priorities.

Our Environment & Total Compensation

Cambrian offers a work environment where teamwork and creative thinking are valued. In addition, we offer continuing professional development and a competitive total compensation package including:

• A hybrid work environment with the use of advanced technology
• Extended health and dental benefit options, up to 80% employer-paid premiums dependent on which coverage level chosen
• Defined Contribution Pension Plan - matched at 6%
• Short Term Disability, Life Insurance, Long Term Disability, AD&D insurance and EAP
• Paid sick days, Paid emergency Absent days
• Customized training, career development planning, and structured onboarding
• Staff Banking Benefits - Employee interest rates on Credit Union personal loans, lines of credit, mortgages and credit cards
• Annual Performance appraisals and merit increase reviews

Cambrian Values

The Manager, Commercial Credit Riskconsistently displays Cambrian's core values as follows:

• Integrity & Honesty: Motivates, promotes and sets a high standard for integrity and honesty. Adapts own leadership practices to encourage diversity, and ensures that all perspectives are considered. Ensures others behave in a way that aligns with appropriate corporate policies and organizational values.
• Member Focused: Sets a high standard for a member-focused culture. Recommends products, services or solutions that address the member's current and future needs. Encourages others to find new and better ways to meet the member's needs.
• Community Involvement: Sets a high standard for participating in organizational and community events. Seeks out opportunities to get involved in the community, and takes a leadership role in community events.
• Competitive: Motivates, promotes and sets a high standard for meeting goals and achieving objectives. Uses enthusiasm and commitment to strategic goals to motivate and guide others to achieve results. Monitors performance against mutually agreed-upon standards. Has a strong sense of urgency about getting work done and attaining goals.
• Innovative Spirit: Sets a high standard for change and innovation. Engages staff and stakeholders to assess their needs and concerns, throughout the change process to generate commitment. Helps others respond constructively to change. Takes specific and sustained action to ensure the successful implementation of a change

How to apply:

Please submit your application online (https://www.cambrian.mb.ca/careers) by April 25, 2025. Your resume and cover letter must clearly illustrate how you meet these qualifications.

Cambrian Credit Union would like to thank all applicants for their interest, however, only those selected for an interview will be contacted.

Note: Cambrian Credit Union is an equal-opportunity employer. We welcome and encourage applications from individuals with diverse backgrounds, abilities, and experiences. Accommodations are available on request for candidates taking part in all aspects of the selection process.