Credit Risk Analyst

1 week ago

Mississauga, Ontario, Canada Community Trust Company Full time

Monday, May 27, 2024

Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure.

We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about our mission and each other. Your team members will help you conquer challenges, push boundaries and discover what you are truly capable of.

This is a place where you can explore, discover and learn with continuous growth. As a diverse and inclusive place to work, there are flexible working arrangements so you can unleash your creativity and curiosity with no limits. If you share the same sense of infinite possibility, come shape your future at Questrade.

We're looking for our next Credit Risk Analyst. Could it be you?

Community Trust Company (CTC) is a member of the Questrade Group of Companies (QFG), which currently includes Questrade Inc., QuestEnterprise, Questrade Wealth Management Inc., CTC, Thinknsure Ltd., and Zolo Ventures Ltd.

What's in it for you as an employee of QFG?

  • Health & wellbeing resources and programs
  • Paid vacation, personal, and sick days for work-life balance
  • Competitive compensation and benefits packages
  • Hybrid and flexible work arrangements
  • Career growth and development opportunities
  • Opportunities to contribute to community causes
  • Work with diverse team members in an inclusive and collaborative environment

What's it like working as a Credit Risk Analyst at C ommunity Trust Company?

Reporting to the Manager, Credit Risk Management, the Credit Risk Analyst will participate in all aspects of conducting a Quality Control (QC) program for residential mortgages. The CRA will confirm loans are underwritten in a manner that is consistent with the Company's Credit Risk appetite as set out in the policies and procedures and related best business practices. The CRA will conduct reviews on defaulted loans and make recommendations if questionable lending decisions are evident. The successful candidate will have full knowledge of OSFI Guidelines B-20 and proven abilities at the expert level in data analytical skills enabling them to identify emerging key risk indicators in funded loans. The Analyst will develop and maintain a constructive relationship with the Residential Lending department to foster an environment of support and guidance while providing independent reporting as to the quality of the loans advanced.

In this role, responsibilities include but are not limited to:

Residential Mortgage Quality Control (QC) Reviews and Reporting

  • Complete post funding QC reviews of residential loans in accordance with written QC procedures.
  • Complete early payment default reviews as required from time to time.
  • Provide written QC results to the Business Unit and Senior Management on a monthly basis.
  • Evaluate loan data at the portfolio level to select loans to review from a risk-based approach. Confirm that file remediation resulting from QC reviews is completed as required.
  • Recommend revisions to QC protocols as required.
  • Track all policy exceptions.
  • Provide business unit with ongoing guidance in adhering to written procedures.
  • Document/update procedures in the Independent Credit Procedure Manual.
  • Manage the Mortgage Broker monitoring and DNU reports.

Best Business Practices

  • Develop a comprehensive understanding of CTC lending policies and regulatory requirements.
  • Assist in developing training tools and resources for the residential underwriting teams.
  • Recommend policy and procedure changes in keeping with best business practices in a regulatory environment.
  • Follow AML procedures on all files with an emphasis on "Know Your Client" rules.
  • Actively adhere to all AML/ATF and KYC regulatory requirements.
  • Proactively identify actual and potential violations of any internal policies and procedures.
  • Adhere to compliance and operational risk controls in accordance with company's policies and procedures.

So are YOU our next Credit Risk Analyst ? You are if you...

  • Minimum 5+ years' experience in an Alt A mortgage lending environment
  • Quality Control experience is an asset
  • Strong demonstrated analytical and logical thinking
  • Thorough knowledge of residential mortgage underwriting practices including Guideline B20, income documentation standards and supporting operational processes
  • Experience in risk management including portfolio monitoring and reporting
  • Strong working knowledge of KYC and AML/ATF required
  • Experience in report preparation and presentation using G Suite and Microsoft office applications
  • Ability to multitask and to work under pressure
  • Exceptional interpersonal skills
  • Excellent written and verbal communication skills
  • Strong organizational and time management skills
  • Exceptional attention to detail.

Sounds like you? Click below to apply

#L1-EP1

At Questrade Financial Group of Companies, with multiple office locations around the world, we are committed to fostering a diverse, inclusive and accessible work environment. This is an environment where individuals are treated with dignity and respect. Here, the unique skills and experience you bring will be valued. You will be supported and motivated, so that you can harness your unlimited potential. Our team reflects the diversity of the communities we serve and operate in. Having a collaborative and diverse team helps us push boundaries to bring the future of fintech into existence—not only for the benefit of our customers, but for those who build their career with us.

Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment/selection process, please let us know and we will work with you to meet your needs.

  • 2350 Matheson Blvd E, Mississauga, ON L4W 5G9, Canada
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