Senior Retail Credit Risk Officer

Senior Retail Credit Risk Officer is responsible for independently assessing retail credit quality, underwriting practices, and policy compliance across the organization through ongoing post-funding reviews of retail loans, lines of credit, and mortgages. This role serves as a key second-line oversight function within Risk Management, helping to identify emerging risks, evaluate adherence to internal policies and regulatory requirements, and support the consistent application of sound lending practices across all business channels. By completing detailed credit assessments on a representative sample of retail credit advanced each month, the Officer provides objective insight into portfolio quality, exception management, documentation standards, and decision accuracy. The incumbent protects the organization from credit losses by identifying control weaknesses, policy gaps, and process inconsistencies, and recommending practical actions to strengthen underwriting quality and mitigate risk. The role acts as a subject matter resource to lending personnel and management, provides reporting and trend analysis to senior leadership, and contributes to continuous improvement of retail credit policies, procedures, training, and risk practices. Requires sound judgment, analytical capability, regulatory awareness, and clear, constructive communication in support of prudent growth and effective risk governance. Major responsibilities include: providing expert guidance across the organization, recommending actions to mitigate risk on individual files and watchlist accounts, recommending enhancements to lending policies/procedures, recommending training/tools to strengthen compliance, completing detailed credit assessments on a minimum of 10% of disbursed retail loans/lines of credit/mortgages, following up on issues with third-party underwriters and branch personnel, providing reporting to senior management, staying current with regulatory trends affecting Alterna’s retail credit activities, participating in meetings to resolve issues, guiding staff on credit policy/processes, promoting teamwork, maintaining safety/health compliance, supporting special credit-related projects, and performing other duties as assigned.