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Jobs at Meridian Credit Union Limited Talent Network
Retail Credit Compliance and Policy Specialist- Full Time
Job Description

Purpose of the Job:

Retail Credit is part of Meridian’s Risk Management function. The department is accountable for managing the overall credit risk within the Retail portfolio from all origination channels, providing prompt service on adjudication through recovery to all channel owners, and supporting key internal and external stakeholders on activities directly relating to the consumer credit environment.

As a Credit Compliance and Policy Specialist, you will partner with the Retail Credit Leadership team to ensure all policies and programs are aligned with Meridian and motusbank’s risk appetite and regulatory obligations. You will identify opportunities for policy enhancements, analyze regulatory changes and provide analysis to leadership on the potential impact of these changes. You will investigate and support new credit offers and strategies, and develop thorough and up to date market risk assessments that may impact credit granting. You will look for different ways to do business or improve on existing processes, and provide key partners with value-add services and support. With a growth mindset and a focus on innovation in the lending space, you will support the delivery of a  differentiated Member experience.  

Key Responsibilities:

  • Identify opportunities for lending enhancements and ensure all lending policies, procedures, processes and systems meet regulatory requirements, remain competitive within the industry and support Meridian’s growth plans, while prudently managing risk.
  • Conduct market research and provide input on position papers relative to proposed credit legislation and their impact on the organization.
  • Identify and monitor geographic market risks that may impact credit granting or policy, and continually provide Credit Management leadership with updates and recommendations to effectively manage those risks.
  • Manage all Retail Credit policy changes, from environmental scans and recommendations through to implementations and monitoring.
  • Support internal and external review engagements of the Credit function, including centralized file reviews, management of funding source reviews, regulatory examinations and third party reviews.
  • Build and maintain positive working relationships by effectively communicating and regularly sharing information, learnings, and knowledge with internal partners
  • Ensure all credit documentation, both internal and external, from support materials through security documentation, are accurate and up to date at all times.
  • Support vendor management activities with key external stakeholders within the Credit function, including loan systems, insurers, external audit, and valuation management.
  • Represent Credit Management in cross functional assignments to ensure appropriate controls and considerations are given prior to execution.

Knowledge, Skills and Experience:

  • College or University Degree in Business or Economics preferred.
  • 5+ years of experience in credit adjudication.
  • In depth knowledge and understanding of the Canadian lending space, with preference for OSFI and/or DICO experience.
  • Ability to present logical well drafted recommendations for presentation to all levels, leveraging data and analytics, both in written form and public speaking.
  • Strong organizational skills with the ability to multi-task and prioritize work in a fast paced environment.
  • Experience working on cross functional teams or projects. Technical acumen to support loan system management, testing and enhancements
  • Demonstrate innovative and creative approaches to solving difficult challenges and seizing opportunities.
  • Ability to exercise sound judgment and negotiate as required
  • Work well in a collaborative team environment.
  • Must be adaptable, detail oriented and organized.

Experience the Difference!

Thank you for your interest in Meridian Credit Union. Please note that due to the volume of applications, only those under consideration will be contacted for an interview.

Meridian is committed to providing accommodations for people with disabilities. Should you require an accommodation, we will partner with you to meet your needs.

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https://www.linkedin.com/company/meridian-credit-union/careers?trk=top_nav_careers



Job Requirements

 

Company Overview

Meridian is Ontario’s largest credit union, helping more than a quarter of a million Members grow their lives and businesses.

As a credit union, we are 100 percent owned by our Members. We work only for them, with profits returned to our Members in the form of the best products and services we can offer.

We get to know our Members so that we can proactively advise them on ways to save money, how to invest for the future and what financial solutions are in their best interest.


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