Special Risks Associate - Loan Guarantees Job

EDC is Canada’s export credit agency, offering information, knowledge and innovative commercial solutions to help Canadian exporters and investors expand their international business. We take on risk so Canadian businesses can take on the world.

When you join our team, you’ll be helping Canadian companies bring their vision, passion and innovation to the global marketplace. Your knowledge and expertise will support more than 25,000 Canadian companies and their customers in as many as 200 markets worldwide. You’ll work shoulder-to-shoulder with the best and brightest in an inclusive, collaborative environment that fosters professional development and success. And you’ll know that you’re making a difference every day—for companies, for Canada and for the people you work with.

Year after year, EDC has been recognized as a Top 100 and Top Family-Friendly Employer.    #LI-Hybrid

Team & Job Overview

The Export Development Canada (EDC) Special Risks Team is responsible for managing all recovery efforts on impaired loans and guarantees in EDC's Corporate and Canada Account lending portfolios. The team’s responsibilities include the management of out-of-court workouts, bankruptcies, restructurings, and asset liquidations. The team is regularly consulted by EDC’s various financing teams.  

Reporting to the Director of Special Risks – Loan Guarantees, he/she will primarily be focused on the management of claims under our EDC’s guarantee programs, in particular the Export Guarantee Program (EGP), Trade Expansion Lending Program (TELP), and Business Credit Availability Program (BCAP) and will also provide support on a consultative basis to EDC’s guarantee team(s).  We are looking for a motivated and seasoned professional with experience in lending and/or special loans.

Discipline Summary 

• Works with the team to manage a portfolio of guarantees on distressed loans.
• Works with financial institutions to facilitate claim evaluations, approvals and rejections, instructs and/or approves actions by the banks with respect to actions taken on distressed obligors and assets, including changes to lending terms and conditions, documentation, and insolvency proceedings, as required. 
• Makes credit recommendations and obtains all required approvals. 

Key Responsibilities 

• Thoroughly understand all aspects of EDC’s guarantee programs, including EDC’s market position, risk appetite and related documentation.
• Working independently, leads or participates in all aspects of transaction management and loss mitigation assessments and recommendations.
• Makes recommendations to mitigate loss while balancing mandate and relationship considerations.
• Responsible for communication and managing relationships as appropriate with financial institutions, obligors, bankers, lawyers, receivers, and trustees.
• Explains difficult or sensitive information and works to build consensus.
• Resolves issues arising with internal or external counterparties.

Screening Criteria

• Bachelor of Commerce in Business, Finance or Accounting  (or equivalent education/experience) 
• Minimum of 1-2 years of recent experience in commercial/corporate lending, structured and project financing, or managing special risks transactions
• Knowledge of commercial lending practices, common financing structures, and security
• Strong credit analysis, risk assessment and negotiation skills
• Bilingualism (English & French)

Salary Range 

• Associate: $75,700 - $113,600, plus performance-based incentive