Manager, Loan Review (RESL)

Join to apply for the Manager, Loan Review (RESL) role at Fairstone Bank . Under the direction of the Director, Loan Review, the primary purpose of the Loan Review Manager (RESL) is to lead a team in completing independent, objective reviews of credit transactions against the Company’s credit risk policies and guidelines. The incumbent is responsible for overseeing the structured, objective, and independent review of the Company’s credit transactions as selected by the Director, Loan Review or delegate.

Credit transactions include all Fairstone lending products including residential mortgage lending (RESL), direct lending (secured and unsecured), automotive, and credit cards. In addition, the Manager, Loan Review (RESL) will provide leadership in making recommendations on training needs and modifications to lending guidelines and processes to reflect a best-in-class operation.

Responsibilities

Oversee the independent review of assigned credit files to objectively evaluate :

• the quality of the credit decision
• adherence to the company’s underwriting policies, guidelines, and standards, including insurer requirements
• integrity of file documentation and data inputs
• Ensure the team adheres to applicable compliance obligations, including Privacy, Anti-Money Laundering / Anti‑Terrorist Financing, and internal Anti‑Fraud Policy requirements.
• Ensure observations are accurate, defensible, and results are documented in the database.
• Present monthly Loan Review preliminary and final results through reports and debriefs with Underwriting VPs, Directors and Managers within agreed timeline.
• Identify and refer suspicious files to Corporate Compliance as appropriate.
• Lead and manage a team of loan review analysts, providing guidance, support and performance feedback.
• Foster a collaborative and high‑performance team environment.
• Provide feedback on rebuttals on Loan Reviews and support the Director, Loan Review in the annual B20 attestation process.
• Collaboratively support the preparation and issuance of reporting relating to the review results for stakeholders.
• Recommend changes to policy, standards, guidelines and operational procedures to promote consistency and effectiveness of decisions.
• Identify systemic risks and opportunities to enhance underwriting standards to reflect sound practice.
• Proactively support Credit Risk’s mandate by identifying opportunities to improve the risk discipline in underwriting credit applications and promoting a strong risk culture within the Company.

Qualifications

Expected salary range is $93,000 to $103,000 per year.

This posting is for an existing vacancy within our organization.

Artificial intelligence may be used in parts of the recruitment process.

WE ARE PROUD TO BE RECOGNIZED AS Great Place to Work® Canada for 2025 and Montreal's Top Employers 2025 by Canada’s Top 100 Employers!

Learn more : https : / / www.fairstone.ca / en / about / canadian-lender

Follow us on LinkedIn : https : / / www.linkedin.com / company / fairstone / mycompany /

If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.

Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.

Time Type : Full time

Job Type : Permanent

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