Director of Credit

We invite you to lead a team where you can feel good about the work you do and the positive impact you will have in the communities we serve in the Shuswap region.
We believe in fostering a work environment that is the perfect blend of friendliness, support, and professionalism, not to mention fun!

As the Director, Credit you will provide strategic leadership on all credit-related matters, including adjudication, concentration risk management, portfolio monitoring, and policy compliance.
Overseeing credit approval, administration, and review processes, the Director ensures loan decisions support portfolio quality, profitability, and sustainable growth.
Additionally, the role evaluates and approves SASCU's most complex credit applications, balancing risk management with business objectives.

What you'll do:

• Provide strategic oversight of SASCU's credit activities, advising the executive on corporate strategies and contributing to policy and program development.
  
• Ensure credit and collections administration aligns with risk appetite, regulations, and policies, addressing deficiencies and implementing preventative measures.
  
• Monitor the performance of lending and collections portfolio, analysing emerging credit risks and stress testing scenarios, and reporting to the Associate Vice President, Risk & Credit.
  
• Oversee credit risk by reviewing applications, managing approvals within limits, and mitigating potential losses from delinquency and overdrafts.
  
• Ensure adherence to underwriting policies, regulatory requirements, and risk tolerance thresholds while monitoring loan portfolio performance and deterioration of credit quality.
  
• Provide subject matter expertise as a voting member of the Asset-Liability Committee (ALCO) and the Management Credit Committee.
  
• Oversee the credit adjudication and collections department, including structure, staffing, and resource allocation.
  
• Drive performance management, talent development, and succession planning.
  
• Ensure staff across SASCU receive required training on personal and commercial credit.
  
• Coach and support direct reports, providing guidance on operational and service matters.
  
• Build internal and external relationships to support credit operations and business growth.
  

What you'll bring:

• Bachelor's degree in Finance, Business Administration, or a related field.
  
• 8-9 years of progressive experience in retail and commercial banking with a minimum of 8 years of experience in complex lending, adjudication, and collections.
  
• Ability to manage, coach, motivate, and develop employees to ensure high productivity.
  
• In-depth understanding of credit adjudication principles, policies, and practices; a proven record of responsible adjudication.
  
• Advanced knowledge of retail and commercial lending products, services, and regulatory requirements, including a detailed understanding of revenue streams.
  

You're perfect for this role if you:

• Have strong problem-solving skills, with the ability to manage complexity, multiple tasks, and priorities for maximum success.
  
• Display confidence in decision-making, suggesting solutions consistent with SASCU values, goals, and strategic direction.
  
• Possess excellent verbal and written communication skills.
  
• Can foster an atmosphere of trust and camaraderie across all levels within SASCU.
  
• Demonstrate time management skills, including ability to effectively prioritize and delegate.
  
• Maintain an awareness of the external economic environment.
  

We invest in our employees by offering:

• A competitive base salary ($136,800 - $171,000 per year) plus corporate incentive pay, and a pension plan with SASCU matching all funds.
  
• Comprehensive group benefits coverage including extended health and dental care, travel insurance, and life insurance, and an Employee and Family Assistance Program.
  
• Flexible spending account for additional health and personal wellness activities and expenses.
  
• Flexible work arrangements and paid time off including vacation, medical/care time, personal days, and paid community volunteering.
  
• Opportunities for career growth, financial assistance for training and development, and rewards and recognition.
  
• Additional benefits including waived or reduced banking fees and reduced rates on personal loans and mortgages.
  

This full-time position is an excellent opportunity for a community-minded individual to further their career within a successful and growing organization.
If this sounds like you, let us know!

Our Commitment to Diversity and Inclusion:

SASCU is an equal opportunity employer committed to supporting Diversity and Inclusion.
We recruit and select applicants for employment based solely on their qualifications, training, and experience as they relate to the position, with emphasis on selecting the best-qualified person for the job.
We support an inclusive environment where employees feel empowered to share their experiences, ideas, and perspectives.

A bit about SASCU:

SASCU Financial Group offers a broad range of personal and business financial services through SASCU Credit Union and its three lines of business:
SASCU Insurance, SASCU Wealth, and Commercial banking.
SASCU Credit Union branches are in Sicamous and Sorrento, plus two in Salmon Arm.
Established in 1946, SASCU has more than 20,000 members, 165 staff, and $1 billion in assets.
Learn more at

The successful candidate will be required to meet fidelity bonding requirements, including completion of references, a criminal record check, and credit check.