Credit specialist Jobs in Scarborough, ON

Toronto Corporate Office located at 3280 Bloor St W, Etobicoke, ON M8X 2X3, CAN.

At Meridian, our aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.

Responsibilities

• Manage relationships and partner with Members and insolvency professionals. Provide excellent service and be always professional in challenging scenarios.
• Develop and implement strategies to return high‑risk loans to performing, wherever possible, and minimize credit losses in situations where there has been a business failure.
• Manage Business Banking lending portfolios within Watch List and Loan Loss Provision benchmarks.
• Understand and keep track of market and regulatory changes and developments and incorporate into Member credit recovery strategy.
• Take action to protect Meridian against legal action and report / partner with Corporate legal on ongoing litigation matters.
• Assist with overall regulatory compliance by having responsibility for completion of monthly reporting as required under Board Credit Management policy.
• Maintain Watch List summary reporting, inclusive of action plans and key dates, in an effort to reduce exposure and provide regular disclosure.
• Provide effective stewardship to the Commercial Credit lending portfolio, contributing to regular monthly reviews of portfolio credit quality through established measures. Proactive risk management and accuracy of Credit Agreement / Forbearance Agreement preparation.
• Enhance the profile of the Commercial Credit team through the organization through open communication, highlighting the role of Commercial Credit in contributing to the credit risk management function, in support of a differentiated brand and contributing to Meridian’s overall sustainable profitability.
• Create efficiency in the credit approval process through streamlined applications, refined processes and by leveraging enhanced automation in monitoring borrower default risk.
• Foster a culture of shared, proactive risk management with Delivery partners.
• Work in partnership with Finance to review and agree Loan Loss Provision Reporting on a monthly basis.
• Work in partnership with external auditors to verify and validate Loan Loss Provision for Impaired Members to support PWC’s efforts in approving Meridian’s Audited Financial Statements.
• Build strong relationships and partner with specialist legal, accountants and Trustees (Receivership Accountancy firms) to implement insolvency strategy, tactics and execution in a timely manner.
• Achieve at minimum “Satisfactory” audit results on external and internal audit reviews and act on audit recommendations for enhancements.

Knowledge, Skills, Abilities

Salary Range

CAD $95,000 to $140,000 annually. Compensation for this role is based on a combination of skills, experience, and internal equity. Candidates with stronger alignment to the role’s requirements may be placed higher within the range. Your recruiter will share more information about our total rewards package during the hiring process.

Remote Work Policy

Meridian has a remote work policy that allows flexibility for employees to work remotely but also requires regular time in the office for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is very important to us.

What’s in it for you?

Build the Future of Banking with Us

At Meridian, we’re not just adapting to the future—we’re shaping it. We see talent as a catalyst for sustainable growth , community impact , and future‑readiness . As the financial landscape evolves, we’re looking for team members who bring :

Who we are

Meridian is Ontario’s largest credit union, and second largest in Canada, helping to grow the lives of our more than 380,000 Members. Meridian has more than 80 years of banking history and is 100% owned by its members. With 87 retail branches and 15 Business Banking Centers across Ontario and $32B in assets under management, Meridian offers a full range of financial products and services to its retail, business banking and wealth members. With over 2200 employees and corporate offices located in Toronto and St. Catharines, Meridian has a track record of creating and delivering innovative new offerings and is committed to investing in the communities that we serve. Our plan is to build on our momentum as we deliver on our purpose—helping our members achieve their best life.

Meridian is committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve.

Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability.

Please note that due to the volume of applications, only those under consideration will be contacted for an interview.

Thank you for your interest in Meridian Credit Union.

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