Credit Manager, Business Banking and Specialized Lending

Credit Manager, Business Banking and Specialized Lending

DUCA is looking for a Credit Manager, Business Banking and Specialized Lending to join our growing team!

The Credit Manager, Business Banking (also known as Small Business Banking in the financial services industry) and Specialized Lending is accountable for adjudicating small business Member loans and high net worth Member loans secured by investments and insurance through sound credit granting principles. Credit decisions will be kept within the parameters of DUCA’s risk appetite and tolerances, and comply with DUCA’s policies, procedures, and guidelines.

By developing strong relationships with both the Business Banking and Specialized Lending Teams (“Lending Team”) and external partners, this position ensures Member satisfaction and supports the healthy and sustainable growth of DUCA’s Business Banking and Specialized Lending loan portfolio.

As a senior credit professional, this position is involved in monitoring market conditions and any regulatory changes that require changes to credit policies, procedures, and guidelines related to Business Banking and Specialized Lending.

• Review and adjudicate credit applications and transactions within assigned credit limits in a timely manner
• Provide independent, objective reviews and approvals to credit applications and other matters which have been agreed to and/or recommended by the Lending Team
• Review all loan applications and reviews prior to submission to senior management, to ensure the completion of due diligence and adherence to DUCA’s policies and guidelines
• Provide decisions and approvals on adjudicated credit transactions/applications and communicate effectively with Management to ensure rationale and decision is clearly understood
• Review commitment letters and draw requests to ensure credit terms and conditions are respected
• Write succinct credit memos or credit announcements to communicate credit perspective and rationale for new credits and credit extensions
• Communicate with the Lending Team about specific credit applications and transactions to seek further information and modifications, if needed; discuss appropriate structuring for the deal and criteria required for approval; ensure that all information is credible, accurate, and relevant, including analysis and evaluation of the technical aspects (e.g., financial analysis, credit terms, structure, and collateral)
• Respond to and resolve escalated issues raised by the Lending Team
• Support DUCA’s Lending Team to ensure Member satisfaction
• Support the healthy and sustainable growth of a profitable Business Banking and Specialized Lending loan portfolio by ensuring the credit granting provided is within DUCA’s prescribed asset quality standards
• Provide support, when needed, to review and adjudicate commercial credit requests including new credit requests and annual reviews for approval at the appropriate lending authority
• Assess the impact of regulatory changes to existing policies, procedures and guidelines; monitor market conditions and make recommendations for enhancements to existing / creation of new policies, procedures and guidelines
• Provide support in strategic projects, policy and process improvements initiatives related to Business Banking and Specialized Lending
• Provide additional coverage for Specialized Lending credit reviews, adjudication and other matters related to investment lending

• Bachelor’s Degree in business or a related field; or equivalent work experience with small businesses and / or high net worth lending within the financial industry
• Pursing or having a CFA/CGA/MBA is considered an asset
• Minimum 4-6 years Business Banking and / or high net worth lending underwriting / adjudicating experience is required
• Minimum 4 years knowledge of financial statement analysis
• Financial Statement analysis experience

• Sound credit judgement with demonstrated ability to understand the risk return trade-off and come up with well thought‑out solutions to mitigate credit risk
• Ability to articulate complex credit…