Join Home Trust as a Senior Manager, Default Recovery, reporting to VP Default Recovery & Accounts Receivable, and be part of our talented and growing team! About the role: Senior Manager, Default Recovery is an expert in mortgage enforcement and leads the end-to-end recovery strategy for delinquent and non-performing residential and small commercial nationwide mortgage portfolio. This role is responsible for maximizing recoveries, reducing losses, and ensuring all recovery activities comply with regulatory and internal policies. The position oversees internal teams of the end-to-end recovery process, including legal enforcement, asset disposal and portfolio management and external partners while driving data-informed decisions and continuous process improvements. RESPONSIBILITIES Management & Leadership • Developing and implementing recovery strategies, and providing reporting to senior leadership • Oversee external partners such as solicitors, property managers, real estate agents, and appraisers, related costs and SLA's as applicable • Lead, coach and manage recovery teams to achieve performance targets • Oversee the instructing solicitors and managing legal remedies according to provincial laws • Executing strategies for the sale of security(property) and recovery of debt against personal covenants • Manage litigation, bankruptcy and settlement processes where applicable • Champion technical and process enhancements, working with key stakeholders both internal and external • Promote a culture of compliance, accountability, and customer-centric recovery Risk & Compliance • Acts in accordance with Fairstone Bank's core values, Code of Conduct & all internal policies & standards • Engages in the highest standard of business conduct and ethics • Ensure and incorporate regulatory & Compliance requirements into existing business processes & activities • Identifies opportunities to mitigate potential risk and to strengthen compliance activities for Fairstone Bank and it's stakeholders, in daily operational activities • Collaborate with risk, legal, finance and Operations to align recovery strategies with business objectives Reporting & Assessment • Monitor portfolio performance, analyze recovery trends, and implement optimization initiatives • Meet or exceed monthly, quarterly and yearly target for cured files and loss reduction • Prepare and deliver performance reports to senior leadership to display results for impaired loans, including provisions, forecasts, trends, early warning indicators and KPI/KRI's What we're looking for: • University degree in finance, Business Administration, Economics or a related field of business or discipline • Additional relevant accreditation(s), certification(s) are a strong asset • 8 -12 years of experience in Residential and Commercial Mortgage lending, collections, recovery, credit risk or related financial services roles • Proven leadership experience managing teams and external vendors • Strong understanding of debt recovery regulations, legal processes and compliance requirements • High level of expertise in Mortgage Administration and Servicing • Demonstrated ability to use data and analytics to drive decision making • Experience with recovery systems, collection platforms and performance metrics • Strategic thinking and problem-solving • Strong leadership and team development skills • Excellent communication and stakeholder management • High attention to detail and risk awareness • Well-developed negotiation, influencing skills • Ability to prioritize and quickly adhere to market trends and other changes that impact valuations and potential loss exposure What you'll love about working here: • Award-Winning Culture: We're proud to be recognized as a Great Place to Work Canada 2025 and one of Montreal's Top Employers 2025 by Canada's Top 100 Employers. • Work-Life Balance: Enjoy flexibility with our hybrid work model designed to support your lifestyle. • Time to Recharge: Generous vacation based on your role, statutory holidays, plus 6 wellness days to prioritize your well-being. • Compensation Package: Competitive base salary plus an annual incentive bonus tied to performance. • Comprehensive Benefits: Robust health and dental coverage through Manulife, as well as virtual healthcare through Dialogue. • Future-Ready Savings: Group Retirement Savings Plan with up to 7% employer match. • Exclusive Perks: Discounts from top retailers via WorkPerks, plus location-based perks like gym memberships and Toronto Bike Share. • On-Site Fitness: Gym access at our London and Montreal offices. • Continuous Growth: Education Assistance Program and Fairstone Academy for training and skill development. • Family Support: Parental leave top-up program to help you during life's big moments. • Community Impact: One paid volunteer day to give back to causes that matter to you. What you can expect - pay & process: • Expected base salary range is $100,000 - $120,000 per year, plus the opportunity to earn an annual incentive bonus tied to performance. • This posting is for an existing vacancy within our organization. • Artificial intelligence may be used in parts of the recruitment process. • All candidates considered for hire must successfully pass a criminal background check, credit check, and validation of their work experience to qualify for hire. If what you read excites you, we'd like to hear from you! Please submit your application and we'll contact you if you become selected for first stages of the interview process. Learn more: https://www.fairstone.ca/en/about/canadian-lender Follow us on LinkedIn: https://www.linkedin.com/company/fairstone/mycompany/ If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application. Time Type: Full time Job Type: Permanent