Vice President, Credit Risk - Residential Mortgages

Your Partners in Recruitment! Thorek/Scott and Partners (TSP) has been connecting accomplished organizations with talented individuals for almost four decades. At TSP, our track record of successfully completing challenging searches across the professional spectrum has earned us an exceptional reputation at the forefront of the recruitment industry. Our Canadian and International clients include: global banks and non-bank financial institutions, private equity and investment funds, professional service firms, and entrepreneurial businesses in a variety of industries. We value the human connection and distinguish ourselves through an unwavering dedication to understanding the goals and motivations of our clients and candidates alike. This open role is currently being featured by Thorek/Scott and Partners! We highlight a variety of open roles every week. If you save this position to apply to later, it may appear closed when you revisit it. For a full list of all open positions, please visit www.thorekscott.com. Position Overview Our client is an established Canadian private residential mortgage lender focused on serving the alternative and near-prime (“B”) mortgage market. With a portfolio of ~$1B+, the firm provides flexible mortgage solutions to borrowers who fall outside traditional bank lending criteria, while maintaining disciplined risk management and strong portfolio performance. Currently, the organization is seeking a strategic and commercially minded Vice President, Credit Risk to lead credit adjudication, portfolio risk oversight, and underwriting operations across their residential mortgage platform - especially as they expand into prime lending alongside their successful B program. Reporting to the executive leadership team, this individual will play a critical role in balancing growth objectives with prudent risk management while helping scale a high-performing underwriting platform. The successful candidate will bring deep expertise in Canadian residential mortgage lending, strong knowledge of the B lending landscape, and a proven ability to lead underwriting teams in a fast-paced environment. This is an exciting opportunity to join a growing and entrepreneurial lender at a pivotal stage of expansion in a role that will have meaningful influence over credit strategy, portfolio quality, and operational scalability while partnering directly with senior leadership to drive long-term success. Role Responsibilities • Lead and oversee the underwriting and credit risk functions for the residential mortgage portfolio. • Establish and maintain underwriting guidelines, lending policies, and credit adjudication frameworks for B mortgage products. • Develop and execute underwriting strategies aligned with the company’s growth objectives, funding requirements, and risk appetite as it relates to their emerging prime business. • Build, mentor, and manage a high-performing underwriting and risk team focused on accountability, responsiveness, and sound credit judgment. • Oversee exception management and ensure appropriate governance around policy deviations. • Evaluate and monitor portfolio quality, delinquency trends, concentration risks, and overall credit performance. • Collaborate with technology and operations teams to improve underwriting systems, automation, and reporting capabilities. • Ensure compliance with applicable Canadian mortgage lending regulations, investor requirements, and internal governance standards. • Prepare portfolio and risk reporting for executive leadership, lenders, and board-level stakeholders. • Foster a culture of disciplined decision-making, operational excellence, and continuous improvement. • Partner closely with executive leadership, sales, capital markets, and servicing teams to support scalable and profitable growth. Desired Qualifications • 10+ years of progressive experience in Canadian residential mortgage underwriting and credit risk management. • Significant experience within alternative, monoline, private, or Schedule I/II mortgage lending environments with strong exposure to B lending. • Proven leadership experience managing underwriting and risk teams in a growth-oriented lending platform. • Strong knowledge of Canadian mortgage regulations, underwriting best practices, and market dynamics. • Expertise/Interest in supporting the growth of a prime platform alongside the established B program and asset. • Experience working with warehouse lenders, institutional investors, or securitization structures is considered an asset. • Seasoned and entrepreneurial builder mindset with the ability to operate effectively in a fast-growth environment. Please note that at present, legal eligibility to work in Canada is a prerequisite for this role. This open role is currently being featured by Thorek/Scott and Partners! We highlight a variety of open roles every week. If you save this position to apply to later, it may appear closed when you revisit it. For a full list of all open positions, please visit www.thorekscott.com .............................................................................................................................................................. We appreciate your interest in this role. In sharing your resume, you place your trust in us to treat you with integrity and respect and act in your best interests. All resumes will be held in the strictest of confidence. Those who most closely meet our client’s requirements will be contacted for an interview. Please pass this opportunity forward. We welcome all referrals should someone in your network benefit from this opportunity.

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