Assistant Vice President, Credit

2 days ago

London ON, Canada VersaBank Full time

VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $4.3 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses.

VersaBank’s Common Shares trade on the Toronto Stock Exchange (“TSX”) and Nasdaq under the symbol VBNK. Our Series 1 Preferred Shares trade on the TSX under the symbol VBNK.PR.A. Our head office is in London, Ontario, with various offices located across Canada. For more information on VersaBank, please visit our website at

We are currently looking for an Assistant Vice President, Credit to our Credit Risk team. This is currently a hybrid role located in London, Ontario.

As the Assistant Vice President, Credit , you will be responsible for managing the day-to-day activities in the credit department with a focus on assessing and managing credit risk for the Point-of-Sale (POS) business unit, which provides structured finance solutions for consumer and commercial lending. This role will work closely with the Chief Credit Officer (CCO) to ensure that potential risks are identified, measured, mitigated, and reported as per regulatory requirements and internal protocols.

With strong analytical skills and strategic insights, this role will be a main contributor to the financial health and stability of the Bank.

Primary Responsibilities include:

Credit Underwriting and Funding Supervision

  • Provide constructive feedback to lenders on new lending opportunities.
  • Provide advice and/or observations on all credit submissions and related documentation, primarily from the standpoint of credit risk.
  • As second line of defense, challenge account management’s assumptions to ensure recommended credit structure adequately mitigates applicable risks.
  • Identify underlying areas of concern within the portfolio such as specific credit tiers, asset, industry etc., and provide analysis to objectively demonstrate the same.
  • Complete ad hoc excel modeling as needed to ensure identified risks are adequately mitigated.
  • Review funding submissions to ensure approved credit criteria are met and that required security is in place.

Credit Policies and Procedures

  • Assist the CCO with the ongoing and annual maintenance and amendments of the credit policies and the credit and portfolio management procedures by providing recommendations, preparing and presenting to CCO, President and CEO, and committees for approval if necessary.
  • Provide constructive input to changes in policy regarding concentration levels (i.E. Large Exposure Policy, Asset Concentration Policy, Industry Limit Policy).

Reporting

  • Assist the CCO with the preparation and presentation of materials for Risk Oversight Committee meetings, primarily, reporting regarding the POS business unit and Loan Portfolio Tracking.
  • Develop and maintain a reporting structure with the CCO to keep senior management abreast of trends and risks in the POS business unit.
  • Assist with departmental reporting and compliance requirements.

Qualifications:

  • Bachelor’s degree in business, Finance, Accounting, or related field or equivalent work experience.
  • 7+ years of experience with progressive responsibility in credit, risk management, and lending positions, with particular focus on leasing and consumer financing.
  • CFA or MBA considered an asset.
  • Strong working knowledge of Microsoft applications, with emphasis on using Excel and/or Power BI for data mining and modeling.
  • Experience in financial statement, credit and collateral analysis across various debt asset classes.
  • Demonstrated expertise in credit and financial risk analysis, and strong understanding of lease financing and documentation.
  • Advanced experience in lease vendor relationships and assignment agreements.
  • Understanding and experience with anti-money laundering and anti-terrorist financing legislation, regulations, and requirements.
  • Excellent communication skills, with the ability to develop concise summaries of complex analyses and data appropriate for various levels of consumption across the Bank.
  • Superior analytical and problem-solving skills, with the ability to prioritize and resolve issues as they arise.
  • Highly attention to detail and a drive to deliver high-quality results.
  • Ability to bring sound business judgement to decisions and evaluations.
  • Responsive to the needs of stakeholders, and an acute awareness of the impact of actions.

We offer excellent career advancement opportunities, an informal, positive work environment, and a very competitive compensation package that includes base salary, an outstanding benefit package, tuition refund program, pension supplement, fitness club membership and participation in an attractive incentive award program.

We thank you for taking the time to apply. Please be advised that only those applicants selected for an interview will be contacted.

  • Assistant Vice President, Credit

    7 months ago

    London, Canada VersaBank Full time

    VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $4.3 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial...

  • Assistant Vice President, Credit

    2 days ago

    London, ON, Canada VersaBank Full time

    VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $4.3 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial...

  • Assistant Vice President, Credit Risk Management

    2 days ago

    London, ON, Canada VersaBank Full time

    VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $4.3 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial...

  • Assistant Vice President, Credit

    3 days ago

    London, Canada VersaBank Full time

    VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $4.3 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial...

  • Assistant Vice President, Credit

    2 days ago

    London, Canada VersaBank Full time

    VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $4.3 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial...

  • Assistant Vice President, Credit

    3 days ago

    London, Canada VersaBank Full time

    VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $4.3 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial...

  • Assistant Vice President, Real Estate Lending

    2 months ago

    London, Canada VersaBank Full time

    **LOCATION: LONDON, ONTARIO** *** VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $4.3 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and...

  • Vice President, Credit

    8 months ago

    London, Canada Libro Credit Union Full time

    Career Opportunity Libro is growing - and Libro is hiring. Our expansion plans include a series of new hires across southwestern Ontario. Take a look. Who We Are Imagine working for an organization where every employee and customer is an Owner. No matter whether a customer Owner or employee Owner, everything we do at Libro is about helping people...

  • Regional Vice President

    1 month ago

    North Bay, ON, Canada Optimum General Insurance Full time

    Reporting to the Vice President Operations, the Regional Vice President is responsible for the development and servicing of a profitable regional book of business ensuring that results are delivered in full compliance with corporate objectives. Located in our North Bay office, the Regional Vice President is responsible for strengthening client...

  • Regional Vice President

    1 month ago

    North Bay, ON, Canada Optimum General Insurance Full time

    Reporting to the Vice President Operations, the Regional Vice President is responsible for the development and servicing of a profitable regional book of business ensuring that results are delivered in full compliance with corporate objectives. Located in our North Bay office, the Regional Vice President is responsible for strengthening client...

  • Vice President Commercial Properties

    4 months ago

    London, Canada BlueStone Properties Inc Full time

    Do you love commercial property management and negotiating leases? Are you looking for the opportunity to oversee a great team in a growing Certified Great Place to Work®? If so, come join the BlueStone, where we invest in our people and properties! We have been an industry leader in property management, construction, and development for three generations....

  • Avp Credit

    6 days ago

    London, Canada VersaBank Full time

    We are currently recruiting for a Full-Time Assistant Vice President, Credit to join our Credit Risk team in London, Ontario. Our head office is located in downtown London, ON, however VersaBank provides state-of-the-art technology to allow its employees to work remotely. This position is a hybrid position. This position will be responsible for managing...

  • Assistant Vice President, Continuing Studies

    7 months ago

    London, Canada Western University Full time

    **Classification & Regular Hours**: Hours per Week: 35 **About Western**: Western University is located on the traditional lands of the Anishinaabek, Haudenosaunee, Lunaapéewak and Chonnonton peoples, on lands connected with the London Township and Sombra Treaties of 1796 and the Dish with One Spoon Covenant Wampum. This land continues to be home to...

  • Vice President, Residential and Commercial Leasing

    6 months ago

    London, Canada Prime Management Group Full time

    Sifton Properties Limited stands out in Canada’s real estate landscape, consistently recognized as one of “Canada’s Best Managed Companies” and awarded one of “Canada’s 50 Best Employers.” Sifton understands and appreciates the uniqueness of every milestone in their customers' lives, which has inspired them to build better communities. Since...

  • Strategic Credit Risk Manager

    2 days ago

    London, Ontario, Canada VersaBank Full time

    VersaBank is a Schedule 1 Chartered Bank with over $4.3 billion in assets, striving for innovation and inclusivity.We are seeking an experienced Assistant Vice President, Credit to join our Credit Risk team.Job DescriptionThis role involves managing the day-to-day activities in the credit department, focusing on assessing and mitigating credit risk for the...

  • Market Vice President

    1 month ago

    Mississauga, ON, Canada Reimer Associates Inc. Full time

    Our client is a well recognized market leader as one of the top intermodal service providers in Canada. Due to continued tremendous growth, the organization is seeking a Vice President, Transportation Operations based in Mississauga, Ontario reporting to the Chief Operating Officer. Along with a minimum 10 year’s leadership experience within the...

  • Vice President

    2 months ago

    London, Canada John Aarts Group Ltd. Full time

    J-AAR is forging a future as a premier construction leader in Canada, rooted in the founding vision of John and Loralee Aarts in 1982 with a commitment to foster an environment where everyone can achieve their full potential, supported by the belief in others more than they believe in themselves. We empower our team members to unlock their full potential on...

  • Vice President, Children's Hospital

    3 months ago

    London, Canada Victoria Hospital Full time

    **Who We Are**: London Health Sciences Centre (LHSC) is a world-class academic health sciences centre located in the southwestern Ontario city of London. Children’s Hospital at London Health Sciences Centre (LHSC) provides tertiary paediatric care in Western Ontario and is one of only four such hospitals in the province. Founded in 1922, it acquired its...

  • Investment Banking Vice President

    2 days ago

    Toronto, ON, Canada Jefferies Full time

    About the Role: Jefferies is excited to have just opened up a new search for an Investment Banking Vice President to join our newly formed team in Toronto. After establishing our Toronto Investment Banking practice in 2023, the group has seen a tremendous amount of success and is positioned for continued growth in 2025. As a Vice President in the Toronto...

  • Vice President

    2 days ago

    Toronto, ON, Canada Jefferies Full time €315,000

    About the Role: Jefferies is excited to have just opened up a new search for an Investment Banking Vice President to join our newly formed team in Toronto. After establishing our Toronto Investment Banking practice in 2023, the group has seen a tremendous amount of success and is positioned for continued growth in 2025. As a Vice President in the Toronto...