The Credit Risk Services team are the go-to experts in providing timely, counterparty risk-ratings and covenant management services. The group delivers high-quality expertise to our trusted partners across various business lines, through a standardized and consistent approach, enabling EDC’s risk-based decision-making process.
The Financial Standards Manager (FSM) position supports EDC’s credit risk assessment processes by ensuring the integrity and consistency of the classification and interpretation of quantitative and qualitative data related to risk counterparties, in order to provide an independent credit risk assessment and ultimately, a Probability of Default (PD) rating. In addition, a FSM assists in the design of credit risk assessment solutions, contributing to the proper assessment of credit and operational risks at origination and post-commitment.
The FSM conducts all operational activities independently and handles a high volume of files with varying degrees of complexity, adhering to standardized processes while maintaining effectiveness and efficiency. He or she acts as a corporate resource in the areas of accounting, financial analysis, credit risk rating methodologies and Probability of Default (PD) ratings while employing industry specific knowledge to the credit risk assessment tools.
- Responsible for generating credit risk ratings (PDs) for various business lines.
- Responsible for adhering to and maintaining Internal Rating Based principles & guidelines, industry best practices, and established internal processes/standards for credit surveillance.
- Researches and reviews external best practices, regulatory requirements, and the organization's risk appetite.
- Participates in the development of scoring, rating and decision models for transactional and portfolio management teams to use in credit granting decision making.
- Researches and interprets new accounting standards/guidelines to assess potential impacts on the assessment of the counterparty’s financial statements.
- Conducts appropriate due diligence through review and assessment of counterparty information to form an independent view the qualitative factors affecting counterparty creditworthiness.
- Provides complex financial analysis to support decision making.
- Develops, reviews, implements and monitors credit risk standards, policies and procedures, with a focus on continuous improvement.
- Promotes the proper usage of business rules, definitions, standards and applications relating to the risk rating process and ensures that credit reference guides, business rules, definitions and standards are documented and accessible to users.
- Ensures the integrity and consistency of quantitative and qualitative data and provides related credit risk assessment, review, monitoring and rating services.
- Acts as a corporate resource in the interpretation and classification of quantitative and qualitative factors and contributes to the development and implementation of methodologies to promote standard business rules in order to better identify and assess credit risk.
- Explains difficult/complex issues and, in a manner that fosters mutual respect, uses tact and diplomacy to persuade others to adopt a point of view.
- Undergraduate Degree in Business Administration, Accounting, Finance, Commerce or other relevant discipline
- Professional designation such as CPA or CFA (currently enrolled in program or completed)
- Minimum 5 years’ experience in business, accounting, financial analysis or related experience
- Working knowledge of credit risk management principles and practices
- Working knowledge of Spanish and/or Portuguese
- Bilingual in both official languages (French and English)
- Experience in the financial sector
- Strong written and verbal communication skills
- Ability to interpret and explain complex quantitative and qualitative financial analysis in clear and concise manner
- Working knowledge of GAAP/IFRS and accounting and financial analysis principles and practices
- Level 3: $74,200 - $111,400, plus performance-based incentive