Analyst, Commercial

1 month ago

Old Toronto, Canada RFA group Full time
Analyst, Commercial & Construction Real Estate (ERM) - RFA Bank of Canada

Tuesday, April 2, 2024

RFA’s residential mortgage lending business is operated by RFA Mortgage Corporation and RFA Bank of Canada, a federally regulated Schedule I Bank. RFA Mortgage Corporation specializes in Prime lending (Insured, Insurable, Uninsurable), while RFA Bank of Canada is a balance sheet based Alternative mortgage lender (Alt-A and B lending). Combined, RFA offers mortgage brokers a one-stop shop with our full suite of competitive Prime and Alternative mortgages.
RFA’s strategic vision is to be a long-term leader in the residential lending segment by offering a value proposition beyond just rate and compensation. Through building a competitive broker experience and solutions-oriented product suite, RFA’s goal is to be recognized and recommended by our mortgage broker partners, mortgagors, and other strategic partners, for our financing solutions and broker/client experience.

The Opportunity
The Analyst, Commercial and Construction Real Estate Risk is responsible for supporting the Vice President in ensuring that the organization, its Senior Management and Board have full insight into the portfolio, credit, policy, guideline performance and adherence.
The candidate will directly assist the Vice President in the portfolio management, decisioning, risk monitoring and management of a developed portfolio of borrowers in the Commercial and Construction segment for the Bank.

Core Responsibilities

  • Assists with the portfolio review of the Bank’s Commercial and Construction lending risk assessment supporting the 2nd Line’s independent and robust challenge.
  • Helps Monitor, Track, Identify and Report on key risk measures for the portfolio, loan performance, policy management and regulatory initiatives.
  • Participate in the development, expansion of the Bank’s governance programs, risk initiatives and analysis in support of Bank’s Risk Appetite Framework.
  • Assist the Vice President in conducting credit reviews on an ad hoc basis or as part of regular credit submissions, updates from the 1st line.
  • Gather, synthesize, report and present external market and industry toward advancing risk assessment, ECL, policy, and guideline development.
  • Contribute to and track action items and target dates to address internal audit and external audit findings, risks arising from business or other changes, risk events, and emerging risks.
  • Performs verification, challenge of policies, guidelines and procedures aimed at improving key risk management and measurement business assumptions.
  • Perform review of Credit Quality of underwriting, adherence to Policies and Procedures, Guidelines, Watchlist and Pre-Watchlist reporting and Risk Appetite Framework etc.
  • Conduct financial assessments of borrowers, partners, industry, and economic events.
  • Assist in maintaining, updating, or revising other risk-related policies and guidelines (Credit Risk Framework, RAF, ECL policy, etc.).
  • Support in preparing quarterly Risk Reports for Senior Management/Board reporting. Assists in the development and maintenance of the frameworks for Stress Testing, Model Risk Management and end user computing controls and conducts as needed, related lifecycle activities (e.g., risk assessments, business impact analysis, etc.).
  • Perform periodic assessments to validate policy and guideline compliance on an ongoing basis to ensure that proper controls are in place and risks are appropriately mitigated.
  • Demonstrates high level of technical and professional knowledge.
  • Maintains awareness of current developments and emerging issues potentially affecting the Bank’s risk profile, shares knowledge of current trends and provides thought leadership.
  • Fosters a culture of collaboration, integrity, compliance, and internal control throughout the Bank.
  • Provides subject matter expertise to Business and Functional Units on the interpretation and application of ERM’s risk framework development and implementation and assists in developing and conducting related training.
  • Effectively discharges other duties and responsibilities as may be assigned from time to time by the Vice President.

Regulatory & Compliance

  • Complete all regulatory and compliance and risk management training.
  • Comply with requirements as set by the Compliance function and external regulatory bodies.
  • Act in accordance with the company’s Board-approved risk appetite and tolerance for risk.

What you can bring to RFA:

  • 3-5 years of relevant Banking experience in any one or all of the following areas: Commercial Credit; Commercial Real Estate; Portfolio Monitoring and Management, Risk adjudication; portfolio management.
  • Preference will be given to applicants with Commercial Credit and Commercial Real Estate lending.
  • Bachelor’s degree in business, finance, economics, engineering, or other related fields
  • Credit Training or Certifications such as MBA or CFA considered an asset.
  • Overall knowledge and understanding of Bank lending policies and practices, including risk appetite framework and regulatory requirements related to the Bank’s activities.
  • Familiarity with regulatory requirements in Banking sector related to market and interest rate risk, liquidity risk, credit risk, capital management, and balance sheet management and funding.

Benefits of Working at RFA:

  • Vision Care
  • RRSP Match
  • Vacation & Personal Days
  • Hybrid working environment

Are you the Right Candidate?

  • Detailed analytical skills and the ability to independently generate risk-based reporting for monitoring oversight (including quantitative skills and an ability to understand and validate models)
  • Proficient with Microsoft Office (Word, Excel, PowerPoint) including macros.
  • Strong knowledge of OSFI regulation on capital, liquidity, stress testing, model risk, recovery plan, and other relevant regulatory guidance Strong interpersonal and communication skills, both written and verbal
  • Willing to learn new skills and expand knowledge base by demonstrating initiative through taking on new tasks.
  • Strong organizational and project management skills with the ability to prioritize, balance conflicting tasks, and manage internal and external stakeholders.
  • All-round abilities, and a demonstrated willingness and enthusiasm to be a team-player, and to embrace the challenge of working in a lean and fast-paced environment in a growing organization.
  • An ability to effectively manage interpersonal relations across functions and entities in conflicting and competing environments.
  • Strong negotiation, presentation, and facilitation skills.
  • An ability to confidently and competently act as a change agent


Accessibility
Accommodation is available upon request for applicants and employees with disabilities. If you are contacted for a job opportunity, please advise us of any accommodations needed to ensure you have access to a fair and equitable process. Any information received relating to accommodation will be addressed confidentially.

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