Credit Risk Oversight Officer

The Credit Risk Oversight Officer is an independent Second Line of Defense role within the Enterprise Risk Management (ERM) department.

Reporting to the Enterprise Risk Strategist and Reporting Manager, the Credit Risk Oversight Officer is responsible for providing robust oversight of the Bank’s credit risk management practices.

This position works closely with the First Line Credit Risk Team to ensure credit risk management is aligned with the Bank’s risk appetite, leading practices, and regulatory expectations.

The role collaborates with Financial Risk Oversight (liquidity and market risk) and maintains a clear distinction from the Independent Loan Review function, as it will focus on broader credit risk governance.

The Credit Risk Oversight Officer plays a critical part in the ongoing development and maturity of credit risk oversight, supporting the bank’s strategic objectives and safeguarding its financial stability.
Duties and Responsibilities

Credit Risk Governance


* Develop and implement a comprehensive Second Line of Defense Credit Risk oversight program, aligned with regulatory expectations and industry leading practice, tailored to the Bank’s size, complexity, and scope. 


* Advise and integrate the Enterprise Risk Management Framework into credit risk activities, ensuring consistency and coordination with internal Policies.


* Monitor adherence to credit risk appetite and limits and alignment with enterprise-wide strategy. 


* Partner with senior management in reviewing Credit Risk Management comprehensively including but not limited to credit approval, credit policy, portfolio monitoring and analytics, special assets management, conducting risk assessments, and advising on risk framework and oversight.

Portfolio-Level Credit Risk Oversight


* Ensure appropriate identification, measurement, monitoring, and reporting of credit risk exposures across all lending portfolios, ensuring alignment with the Bank’s ERM Policy, Risk Appetite, credit-related governance documents, and the risk taxonomy.


* Monitor and assess credit risk metrics, key risk indicators, and key performance indicators for inclusion in ERM and First Line business unit reporting.


* Identify emerging trends and risks at the portfolio level.

Stay current on industry trends affecting credit risk management and escalate emerging risks as appropriate.

Review and Challenge


* Support execution of bottom-up risk assessments to analyze, measure, and aggregate credit risks, including assessment of the Bank’s risk management practices, techniques and controls.

This includes active engagement in the Risk and Control Self-Assessment (RCSA) process and ongoing maintenance of the risk and control library for credit risk.


* Independently evaluate the adequacy of credit risk governance practices, portfolio management, policies, underwriting standards/criteria, and reporting and analytics.

This also involves assisting and evaluati...