Director, Credit - Auto Equipment & Finance

Title: Director, Credit - Auto Equipment & Finance 

Company: Coast Capital Savings Auto Equipment Financing

Location: BC, AB or ON

Job Type: Full Time 

myWork Options: In-person, Remote, Hybrid

Coast Capital – Building Better Futures Together

What’s the job?

The Director, Credit – Auto Equipment Finance (AEF) assures safe and sound lending and prudent risk management in Coast Capital Savings Auto & Equipment Finance's (AEF) lending activities. The Director develops, enhances and implements effective credit risk management practices and frameworks including governance, policy, procedures and reporting to identify, measure, monitor and manage credit risk and to support sustainable growth within established risk appetite. The incumbent maintains a strategic view of the loan portfolio, ensuring that the overall risk is diversified and within Coast Capital and Auto Equipment Finance risk tolerance levels. The Director leads and develops a team of credit adjudicators to manage asset quality in line with risk appetite.

What you’ll do:

• Coordinate, create, and/or execute action and remediation plans as they pertain to credit risk management from internal sources - risk assessments, internal audit -- and external sources - regulators, auditors, and other third party reviewers.
• Work in close coordination with portfolio reporting team to enhance credit and counterparty portfolio measurement, monitoring, and reporting (internal reporting, as well as ad hoc analyses and data call as required by Risk Management, Chief Risk Officer, regulators, and auditors).
• Proactively promote a strong credit risk management culture across AEF aligned with the Three Lines of Defence, through execution of credit risk management tools and training programs.
• Lead the Credit Risk Management teams in the development and execution of their respective risk and control assessments, and maturity plans.
• Through coaching and mentoring, create a learning environment where staff are focused on providing a high standard of service while adhering to risk management policies, guidelines, and procedures.
• Develop talent and plan for succession within AEF credit risk team.
• Create efficient, responsive and scalable credit risk management processes. Demonstrate leadership in addressing potential obstacles by building support and acceptance of new approaches. Ensure that changes are implemented and result in efficiencies and added value.
• Accountable for developing own and other’s performance through building a personal brand of accessibility, listening and positively influencing others to achieve results.
• Foster an effective team culture whereby there is a commitment towards engagement built upon our values, mission and purpose.
• Pursue ongoing professional development, remaining current on industry, market, economic and risk management trends.
• Provide oversight on mitigation strategies and monitor the execution of action and remediation plans to enhance risk management capabilities in the first line of defence and within the Credit Risk Management function.
• Develop strong relationships with business lines, including support and assistance with all credit related risk issues, loan submission and review, including problems loans, when required.
• Collaborate with sales leadership and provide effective risk management leadership to new business development ideas and proposed business cases.
• Oversee the development and maintenance of a register of all material processes and controls, including identification of material inherent risks, key controls, and issues with Credit Risk Management function.
• Continually monitor portfolio credit risks against defined performance tolerances, and first line of defense’s response to breaches of tolerances.
• Identify, escalate, recommend and support resolution of material credit and counterparty risk issues to the VP, Risk Management in a timely manner.
• Assist in the mapping of annual business plans and operating budgets.

Who are we looking for?

• You have a Bachelor's Degree or a diploma requiring 3 - 4 years of full-time study. University degree in Finance, Accounting, Business Administration, Commerce, or equivalent, or a professional designation in Banking (FICB), Credit (FCI) or Accounting (CPA), or equivalent combination of education and experience.
• Master's level accreditation (MBA or CFA) is strongly preferred. Formal training in change management, facilitation, negotiation, and communication are considerable assets.
• Expert knowledge of commercial credit analysis, policies, negotiation, security and legal procedures, including an advanced knowledge of regulatory and statutory provisions related to equipment financing.
• Advanced proficiency in MS Office Suite.
• Advanced knowledge of generally accepted accounting principles and financial statement analysis.
• Advanced knowledge of local and provincial economies and trends in a variety of industries.
• Advanced understanding of appraisal methods and lending processes and documentation.
• High impact business writing skills for policies and procedures.
• Skilled in change management.
• Detail-oriented with high standards and expectations of self and others.
• Able to effectively motivate, coach and mentor others.
• Excellent communication skills, both written and oral, for internal and external audiences.
• Demonstrated negotiating skills and creative thinking in lending, problem solving and employee relations.
• Ability to research, make independent decisions, and develop and assess options effectively.

At Coast Capital, we value diversity, equity and inclusion. We’re not all the same and we like it that way. We don’t just accept differences - we celebrate, support, and we thrive on them for the benefit of our employees, our members, and our community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills. We believe, the more inclusive we are, the better our work will be.