Assistant Vice President, Speciassistant Vice President, Special Accounts – Across Western Canada Al Accounts – Across Western Canada

We are banking at another level.

Choosing BDC as your employer means working in a healthy, inclusive, and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently, to fuel the success of Canadian entrepreneurs.

Choosing BDC as your employer also means:

• Flexible and competitive benefits, including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions, a Defined Benefit Pension Plan, a $750 wellness and health care spending account, to name a few
• In addition to paid vacation each year, five personal days, sick days as necessary, and our offices are closed from December 25 to January 1
• A hybrid work model that truly balances work and personal life
• Opportunities for learning, training and development, and much more...

POSITION OVERVIEW

The Assistant Vice President (AVP) of Special Accounts is responsible for managing and overseeing the Special Accounts portfolio for their respective region. This role involves developing and managing the Special Accounts team members, as well as maintaining the quality of the Special Accounts loan portfolio for their region.

The AVP will be responsible for ensuring that team members exercise sound judgment and adhere to good governance practices by complying with established business rules, guidelines, and procedures. Additionally, the role involves providing high-quality customer care to support entrepreneurs and developing strategies to enhance account performance and/or minimize the bank's losses.

CHALLENGES TO BE MET

• Contribute to the profitability of BDC by minimizing losses and assessing risk arising from BDCs special accounts through sound management practices. Work with the Regional Directors, to identify the best course of action that will provide BDC with highest potential of recovery for BDC while minimizing reputational risk.
• Authorize, recommend or decline loans, disbursements, amendments and account administration while ensuring the highest caliber of rehabilitation, realization or liquidation best practices that, satisfy both BDC and the borrower, within established guidelines.
• Participate actively in determining loan structures, terms, conditions, pricing, fees to restructure financing in a way that is consistent with sound risk management practices.
• Participate in recommending changes to the policies, procedures, guides and business rules that relate to Special Accounts, and provide support to employees in their interpretation and application.
• Work collaboratively with various internal stakeholders including, Operations, Finance, Legal and Risk in order to enhance visibility of Special Accounts, increase their understanding of what can be done to assist mutual clients and closely monitor the relationship.
• Communicate BDCs values, mission and overall strategic objectives and strategies to team members.
• Coach, guide and develop Regional Directors and Account Managers in all aspects of credit risk management and provide input to performance assessments by being vigilant in recognizing their strengths and weaknesses and participating in identifying training and development solutions for them
• Ensure increase productivity and efficiency by overseeing the development of performance indicators and types of reports required to track progress of portfolio
• Develop and maintain relationships with various professional networks, financial communities, suppliers, and counterparts in other organizations in order to remain abreast of legislative developments, emerging trends, and their relevance to BDCs needs

WHAT WE ARE LOOKING FOR

• Undergraduate degree in finance or business administration.
• At least 10-15 years of relevant experience in finance and commerce (professional or business services firms) or in business financing (financial institution).
• Minimum of 7-10 of experience in management.
• Experience in restructuring/insolvency or credit risk management position is an asset.
• Professional designation (CPA CA, CGA, CMA or CIRP) and/or masters degree is an asset.
• Ability to quickly identify the business context and key issues, supported by strong risk management skills.
• Excellent judgment and creative problem-solving skills, including negotiation and conflict resolution skills.
• Strong interpersonal and communication skills; ability to effectively obtain information and communicate issues
• Solid leadership skills and ability to manage a regional team across multiple provinces. Broad understanding of human resources and business processes and risks associated with them.
• Ability to manage, train and coach a team of highly specialized professionals.
• Ability to work independently.
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