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 intermediaries that allow them to excel in their core businesses.

We are currently looking to add 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 to manage 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 the consumer and commercial lending space. This role will work closely with the VP, Credit ensuring 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 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 Chief Credit Officer 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 and President and CEO as well as committees for approval if necessary.
- Provide constructive input as to changes being considered in policy regarding concentration levels (i.e. Large Exposure Policy, Asset Concentration Policy, Industry Limit Policy).

**Reporting**:

- Assist VP, Credit and Chief Credit Officer with the preparation and presentation of materials for Risk Oversight Committee meetings, primarily, all necessary reporting regarding the POS business unit as well as the completion of the Loan Portfolio Tracking Report.
- Develop and maintain a reporting structure with Vice President, Credit and the Chief Credit Officer to keep the senior management abreast of trends and risks in the POS business unit.
- Assist with departmental reporting and compliance requirements.

**What you’ll need to be successful in this role**:

- 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 would be considered asset.
- Experience in financial statement, credit and collateral analysis across various debt asset classes.
- Demonstrated expertise in credit and financial risk analysis as well as a 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 focused 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 supported by 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.

Application Procedure:
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

    5 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

    5 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

    1 week 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

    1 week 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

    1 week 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

    1 week 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

    1 week 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...

  • VersaBank | Assistant Vice President, Credit

    11 hours 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 Risk Management

    1 week 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, 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...

  • Vice President, People and Culture

    3 days ago

    London, Canada Fanshawe College Full time

    First Section **Posting Number** - 40599**Requisition Title** - Vice President, People and Culture**Internal Posting Closing Date** **External Closing Date** **Open Until Filled** - Yes**Campus Location** - London**Department** - Office of the President (PRO)**Employment Group** - Admin**Pay Details** **Hours of Work per Week** - 37.5**Summary** -...

  • Vice-president

    5 days ago

    London, Canada Perrett Laver Full time

    **Join us to empower people and improve lives** Luminate is a global foundation working to ensure that everyone - especially those who are underrepresented - has the information, rights, and power to influence the decisions that shape society. Luminate’s work focuses on enabling people to fully participate in civic and political life, to safely challenge...

  • 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....

  • 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...

  • Avp Credit

    2 weeks 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...

  • Vice President, Residential and Commercial Leasing

    7 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...

  • 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...

  • Strategic Credit Risk Manager

    1 week 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...

  • 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...