Director, Credit

Company Profile

Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 850 people in our Toronto headquarters and branches across the country.

Building on the demonstrated strength of our core residential and commercial mortgage lending business, the Company and its affiliates also offer complementary lending services and competitive deposit investment products.

Our culture has been shaped by the passion and integrity of our people. Home Trust is a private company.

Position Overview

As a critical part of the lending process, while promoting a strong credit risk culture, this position is responsible for exercising sound judgement in the timely adjudication of designated higher risk transactions including large loans;

all defined lending exceptions and non-conforming loans for the Residential Mortgage and Retail Lending businesses. A leadership role that provides on-going effective challenge and professional feedback to the first line of defence to ensure adherence with HTC’s risk appetite and credit standards.

This position ensures compliance with all aspects of Home Trust Company’s credit policies, guidelines and procedures per delegated credit authority and applicable regulatory requirements (i.

e. OSFI Guideline B-20). This position will work closely with the lines of business and Enterprise Risk Management to contribute to the identification of issues or trends, as well as solutions, which could impact overall credit performance, operations and file quality.

Position Responsibilities

Risk Management & Compliance, in adhering to applicable compliance obligations, including Privacy, Anti-Money Laundering / Anti-Terrorist Financing and internal Anti-Fraud Policy requirements, must remain the over-arching focus in carrying out one’s responsibilities as outlined below :

• Operating within delegated credit authority, exercise sound judgement to provide thorough and timely approvals, recommendations or declines on files requiring exception approval or other designated higher risk transactions.
• Provide appropriate levels of direction, coaching, support and follow-up on files under adjudication and review to the Business.

Use expert Credit judgement to help identify / propose solutions for the Business on individual transactions. Provide on-going feedback to the Chief Credit Officer regarding underwriting practices and identify opportunities or provide recommendations to adjust Policies, Guidelines or processes.

Provide input in the development of Underwriting and Credit Risk training programs. Maintain and update Credit procedures documents.

Complete fulsome rationale / notes for credit decisions on individual files and accurately record data points to link into departmental reporting.

Where required, complete departmental reports to the Credit Committee and provide ad hoc analysis on adjudication results and workflow management.

Related Experience

Tier 1 level (higher delegated authority) :

• 15+ years related experience in financial services lending and / or credit risk with residential mortgage and consumer lending
• Sound knowledge of regulatory environment within financial services industry, particularly Guideline B-20
• Several years of proven expertise in credit adjudication, specifically at an Alt-A lender
• Experience in generating reports and conducting analysis
• Experience in reading and analyzing business financial statements
• Experience in Small Business or Commercial lending / adjudication
• Experience in conducting, reviewing or assessing mortgage
• appraisals
• Experience in managing and mentoring a group or department

Tier 2 level (lower delegated authority than Tier 1) :

• 10+ years related experience in financial services lending and / or credit risk with residential mortgage and consumer lending
• Sound knowledge of regulatory environment within financial services industry particularly Guideline B-20
• Experience in credit adjudication preferably with an Alt A lender
• Experience in reading business financial statements

Acknowledgement

All employees of Home Trust Company must comply with all applicable Home Trust Company, and specific Line of Business policies, standards, guidelines and controls.

Additionally, all employees are obligated to become familiar with Home’s risk management framework and understand the operational risk management requirements within their specific business.

Employees are also expected to understand and comply with the Company’s Code of Business Conduct & Ethics Policy at all times and escalate any issues or concerns through various reporting channels (i.

e. Ombudsman, Compliance Hotline, Whistleblower Policy, etc).

Home Trust is committed to fair and accessible employment practices and we are committed to providing accommodations for persons with disabilities.

If you require accommodations in order to apply for any job opportunities, or require this posting in an additional format, please contact us at humanresources@hometrust.

ca or 416-360-4663. If you are contacted by Home Trust regarding a job opportunity or testing and require accommodation in any stage of the recruitment process, please use the above contact information.

We will work with all applicants to determine appropriate accommodation for individual accessibility needs.