03 Feb
Desjardins
Toronto
As the Director, National Accounts Credit Granting Ontario, Atlantic, Western (OAW) regions for Capital Markets and Large Businesses in National Account Financing, your role involves analyzing, evaluating, authorizing, and making recommendations for complex financing requests for large, high-profile customers (medium-sized businesses). You will operate within the delegation limits granted, ensuring a healthy and prudent risk management approach. This position reports directly to the Managing Director, Credit Granting OAW.
The Director plays a key role in overseeing the credit adjudication of National Account transactions within the Bank’s Commercial Financial Services Market. Operating within their delegated lending authority,
the Director ensures that adjudication responsibilities are met with a focus on maintaining the risk profile, aligning with business objectives, optimizing operational effectiveness, and enhancing the overall client experience.
As a senior member of the team, you will provide coaching and mentorship to teammates, share best practices, and act as the primary contact for any credit escalations. You will serve as an advisor to the front line and work closely with them. This role balances the achievement of business objectives with the risk of loss to clients and shareholders. It ensures adherence to corporate policies to maintain risk exposure within the Bank’s stated risk appetite and operates within a legal framework and other regulatory requirements.
You will suggest improvements in risk management and contribute to the implementation and compliance with current credit policies. Your knowledge of the business area and interpersonal savvy are essential.
This role requires a strong understanding of financial analysis, market trends,
and risk assessment to make sound credit decisions while ensuring compliance with internal policies and regulatory standards.
More specifically, you will be required to:
- Maintain a balance between Desjardins' risk appetite, client needs, and business line requirements. Prepare and present recommendations for major files to the Desjardins Group Credit Committee.
- Handle and support the front line with highly complex files involving commitments ranging from $10 million to $150 million, considering all risk variables. Hold a personal approval limit of up to $30 million and act as a recommender and the second signatory.
- Proactively identify potential risks associated with new or existing credit applications. Take immediate steps to mitigate financial risk while supporting national accounts.
- Ensure all credit decisions align with internal credit policies and industry standards. Recommend adjustments to policies based on frontline feedback and evolving market conditions.
- Develop and maintain strong relationships with key national account customers to ensure smooth communication regarding credit terms and decisions.
- Assist in resolving any credit-related disputes or concerns, collaborating with internal teams and clients to reach timely, effective solutions.
- Serve as a resource for professionals in the division and network, particularly for negotiating files with higher risk, greater complexity, or special problems.
- Provide added value to internal client groups in terms of market information, risk appetite for certain types of transactions, and analysis quality.
What we offer*
- Competitive salary and annual bonus
- 4 weeks of flexible vacation starting in the first year
- Defined benefit pension plan that provides predictable, stable income throughout retirement
- Group insurance including telemedicine.
- Reimbursement of health and wellness expenses and telework equipment
* Advantages apply based on eligibility criteria.
What you bring to the table
- Education : Bachelor's degree in a related field such as administration, accounting, or finance.
- Experience : Minimum of 10 years in national accounts or large-scale corporate lending. Other combinations of qualifications and experience may be considered.
- Expertise :
- In-depth knowledge of credit decisions, balancing financial risk and business needs.
- Advanced understanding of credit analysis, risk management, and loan evaluation processes.
- Experience managing credit for large national accounts or multi-regional businesses.
- Familiarity with banking syndicate financing.
Collaboration : Proven experience working closely with business partners.
Business and Organizational Skills: Strong business, planning, and organizational skills with the ability to manage multiple priorities.
Self-Motivation and Proactivity: Self-motivated, proactive, and able to work independently while supporting team goals.
Communication and Collaboration: Excellent communication and collaboration skills
Language Proficiency : Expert proficiency in English, essential for duties, work tools, and interactions with English-speaking partners, members, and clients.
Competencies: Customer focus; Interpersonal Savvy; Communicates effectively; Collaborates; Adaptability, Financial Acumen, Plans & Aligns, Resourcefulness
At Desjardins, we believe in equity, diversity, and inclusion.
We're committed to welcoming, respecting, and valuing people for who they are as individuals, learning from their differences, embracing their uniqueness, and providing a positive workplace for all. At Desjardins, we have zero tolerance for discrimination of any kind. We believe our teams should reflect the diversity of the members, clients, and communities we serve.
If there's something we can do to help make the recruitment process or the job you're applying for more accessible, let us know. We can provide accommodations at any stage in the recruitment process. Just ask!
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