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Senior Manager Special Accounts
Laurentian Bank
Montreal, CAN
Full Time
Manager
Hybrid
2 weeks ago
Risk AssessmentRemediation StrategyFinancial AnalysisLegal Documentation ReviewCredit MonitoringStakeholder Communication
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Risk AssessmentRemediation StrategyFinancial Analysis
About the Role
Laurentian Bank is seeking a Senior Manager Special Accounts to assess risk, develop remediation strategies, and manage complex problematic situations for files under management. You will analyze financial and legal documentation, monitor accounts, and engage external professionals.
Key Skills for This Role
Risk AssessmentRemediation StrategyFinancial AnalysisLegal Documentation ReviewCredit MonitoringStakeholder Communication
Responsibilities
- Assess risk and develop and implement remediation strategies for the files under management
- Diagnose complex problematic situations and intervene to implement necessary corrective measures to reduce risk for the Bank
- Analyze financial and legal documentation and ensure it aligns with established strategies and complies with authorizations
- Authorize and/or obtain authorization for strategies and remediation plans within delegated authority limits
- Submit recommendations to higher authorization levels for files that exceed delegated authority
- Monitor files under management to maintain their quality
- Ensure proper monitoring of operating credits and other forms of financing, and oversee daily operations of these accounts
- Engage external professionals as required (e.g., lawyers, consultants, trustees, brokers)
- Maintain effective communications and negotiate agreement terms with various stakeholders
- Direct, when appropriate, the orderly liquidation of client assets
- Prepare and submit claims to organizations that provided guarantees or loan insurance
- Act as an expert advisor to senior management on decisions requiring restructuring expertise
Requirements
- University education in an appropriate field
- Six to 10 years of experience
Full Job Posting
Responsibilities
- Assess risk and develop and implement remediation strategies for the files under management.
- Diagnose complex problematic situations and intervene to implement the necessary corrective measures to reduce risk for the Bank.
- Analyze financial and legal documentation and ensure it aligns with established strategies, complies with existing authorizations, and that collateral is valid and enforceable.
- Authorize and/or obtain authorization, within delegated authority limits, for strategies and remediation plans, irregularities, annual reviews, and required amendments.
- Submit recommendations to higher authorization levels for files that exceed delegated authority.
- Monitor files under management to maintain their quality.
- Ensure proper monitoring of operating credits and other forms of financing, and oversee the daily operations of these accounts.
- Engage external professionals as required (e.g., lawyers, consultants, trustees, brokers).
- Maintain effective communications and negotiate agreement terms with various stakeholders.
- Occasionally guide clients to refinance with another financial institution in order to repay the Bank.
- Direct, when appropriate, the orderly liquidation of client assets.
- Perform duties in compliance with applicable legislation and the Bank’s policies, programs, and procedures.
Qualifications
- University education in an appropriate field and six to 10 years of experience.
What Laurentian Bank Has To Offer You
- The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.
- Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance based bonuses.
- Work model: We prioritize a hybrid work model based on business needs.
- Stock purchase plan: Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
- Time off: In addition to paid vacation, we provide floating days and leave options. Plus, a paid day off to celebrate your birthday.
- Health and wellness: Access to healthcare professionals, Employee and Family Assistance Program (EFAP), and a Stress Management and Well Being Program.
- Group insurance and pension: Competitive insurance program and a defined contribution pension plan.
- Financial benefits: Employee only offers on a wide range of products and services.
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