Manager, RESL Risk Credit Policy (1910)

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Hours:

Line of Business:

Pay Details:

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Department Overview

Retail Risk Management (RRM) is responsible for the development and execution of risk strategies and initiatives that will achieve a high level of credit quality, while supporting business growth and profitability targets.
Further, our department is responsible for providing oversight and effective challenge to manage the risk of our credit portfolios within the stated risk appetite, including but not limited to activities associated with the credit application process, adjudication, documentation, funding, maintenance, and collections.

The Real Estate Secured Lending (RESL) Credit Policy Group within RRM provides oversight of credit policy for the RESL business, through the assessment and challenge of credit policy submissions / proposals. Our team is responsible for managing the 2nd line review and approval process for proposed changes to RESL credit policies to ensure robust risk reviews are completed by the business, policy changes are in line with Risk Appetite and compliant with all regulatory and insurer policies as applicable. The Manager, Credit Policy reports to the Senior Manager, Credit Policy and is primarily responsible for assessing, challenging and providing insights and recommendations on policy submissions and other related initiatives. Our team works closely with the RESL Product Group as well as other business partners – such as the Credit Centres, Testing teams, Customer Assistance and other RRM teams on policy initiatives, regulatory reviews and special projects / deep dives.

Job Description

• Support the Senior Manager, Credit Policy in evaluating RESL credit policy reviews/requests, including conducting research and analysis, providing effective challenge and clearly articulating recommendations on credit policy decisions

• Work with business product partners in reviewing policy concepts and consulting on credit policy submissions in conjunction with business objectives and with consideration of TD/RESL's risk appetite

• Collaborate / manage stakeholder relationships, and ensure timely / transparent feedback throughout the policy submission process

• Communicate policy changes, updates and requests for additional information to business partners in a timely manner

• Assess new / emerging portfolio risks and recommend modifications to existing policies as required

• Assist with the deployment of retail credit policy, process and procedural change for optimal efficiency and customer experience

• Assist in tracking and managing compliance with policy renewals / approval conditions, and ensuring appropriate levels of sign-off are obtained prior to implementation of changes

• Assist in regulatory (OSFI) reviews, consultations and special requests, as well as related action items / remediation as required

• Assist in the preparation and presentation of material for senior management and other stakeholders as required

• Represent RRM as a subject matter expert on key projects that impact credit policies / practices and in monthly business update meetings

• The successful candidate will work in a fast-paced and results-oriented environment and will be part of a learning culture where ongoing development is encouraged

Job Requirements

• 5+ years professional experience in any of the following areas: Credit Risk Management, Operational Risk Management, Personal Banking Product Management, Credit Quality Testing, Credit Adjudication/Underwriting

• Strong business acumen, financial acumen and analytical skill-set - ability to think critically, identify themes and trends through data analysis, and summarize key issues / risks

• Ability to distill insights and stakeholder feedback into prudent / balanced business recommendations

• Strong time management skills, with the ability to work well under tight time constraints and manage various deliverables simultaneously

• Ability to deal with ambiguity and changing priorities in a fast-paced environment

• Excellent verbal and written communication skills with strong ability to negotiate and influence

• Proven track record of building / fostering relationships and working with numerous stakeholders at various levels

• Proven self-starter with the ability to work independently

• Understanding of retail lending credit products, policies and processes - RESL experience is a strong asset

• Expertise in using analytical software tools (SAS, SQL, Excel), data analysis and reporting techniques would be considered an asset

Education

• Undergraduate or Post Graduate degree in Business/Commerce or Business Administration would be an asset

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing – and so will you.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development
If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we're committed to helping you identify opportunities that support your goals.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process
We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you!

Language Requirement (Quebec only):