Vice President, Special Accounts Management Unit Jobs in Toronto, Canada at Equitable Bank
Title: Vice President, Special Accounts Management Unit
Company: Equitable Bank
Location: Toronto, Canada
Category:
Strategic Leadership & Governance
Lead the overall direction, priorities, and strategic execution of SAMU nationwide, ensuring alignment with the Bank’s credit risk appetite, policies, and regulatory expectations.
Develop and execute proactive monitoring, workout, restructuring, and enforcement strategies to mitigate risk, reduce losses, and enhance recoveries.
Serve as the senior decision‑maker on complex workout situations, enforcement actions, restructurings, insolvency processes, and borrower negotiations.
Provide strategic recommendations to the SVP and Executive Leadership on distressed portfolio trends, systemic risks, and opportunities for portfolio optimization.
Portfolio Oversight & Risk Management
Oversee all high risk and nonperforming commercial loans, ensuring accurate risk ratings, timely action plans, and disciplined execution of workout strategies.
Review and approve complex credit submissions, including restructures, forbearance agreements, settlements, enforcement actions, and impairment assessments.
Ensure compliance with internal policies, legal requirements, insolvency legislation, and expectations from regulatory bodies.
Monitor Watchlist/Arrears reports and ensure timely escalation of deteriorating accounts.
Operational Excellence & Reporting
Lead preparation of reporting packages for Executive Committees, Board presentations, audits, regulators, and risk management functions.
Oversee monthly, quarterly, and annual reporting of arrears, recoveries, impairments, and enforcement activity.
Strengthen and streamline SAMU processes, controls, documentation standards, and governance frameworks.
Internal & External Relationship Management
Serve as the primary executive liaison for external law firms, insolvency professionals, receivers, appraisers, brokers, and other third party experts.
Partner with Credit Risk and Commercial Lending teams to support early stage intervention, risk identification, and credit deterioration mitigation.
Collaborate with Legal Services to assess enforcement pathways, legal remedies, and strategic case direction.
Represent the Bank at industry events related to distressed asset management and insolvency.
Leadership & Talent Development
Mentor, develop, train and lead a team managing higher risk and distressed credits while fostering a culture of accountability, analytical rigor, and collaboration.
Identify and nurture high potential talent and ensure development plans support succession and team capability growth.
Promote a culture of inclusiveness, integrity, disciplined execution, and continuous improvement.
Let’s Talk About You!
15+ years of progressive experience in commercial lending, with a minimum of 8–10 years in Special Loans, distressed debt management, or workout environments.
Post‑secondary degree in finance, business, law, accounting, economics, or related field; CPA, CIRP, LLM or equivalent designations an asset.
Extensive experience in workout strategies, distressed loan management, forbearance, restructuring, enforcement, litigation, and collateral liquidation.
Advanced understanding of insolvency legislation, foreclosure processes, commercial real estate markets, and secured lending practices across Canada.
Strong financial acumen including credit analysis, financial statement interpretation, cash‑flow modeling, collateral valuation, impairment analysis, and recovery forecasting.
Proven track record leading high performing teams in complex credit environments.
Exceptional negotiation, communication, and stakeholder management skills, including experience negotiating with borrowers, third parties, guarantors, and legal counsel.
Strong ability to operate under pressure and make sound, time sensitive decisions using professional judgment and limited information.
Proficiency with MS Office and credit/loan management systems.
What we offer [For full-time permanent roles] Competitive discretionary bonus Market leading RRSP match program Medical, dental, vision, life, and disability benefits Employee Share Purchase Plan Maternity/Parental top-up while you care for your little one Generous vacation policy and personal days Virtual events to connect with your fellow colleagues Professional development and comprehensive Career Development program A fulfilling opportunity to join one of the top Fin Techs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON
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