Risk Management Analyst

4 days ago


London, Ontario, Canada VersaBank Full time
About the Role

VersaBank is a Schedule 1 Chartered Bank operating in Canada and the US, 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 the majority of its lending products electronically.

Key Responsibilities
  • Receivable Purchase Program Funding Audit: Participate in the funding audit cycle with particular emphasis on credit and documentation review ensuring adherence to approved policies and parameters.
  • Contract Review and Escalation: Identify and flag contracts included in a purchase request that do not meet the eligibility requirements of the program and escalate issues to the respective parties.
  • Audit Findings and Recommendations: Provide clear and concise summaries of audit findings and recommendations to senior staff within the IRC group.
  • Record Keeping and Follow-up: Maintain detailed records and follow-up to resolve any deficiencies noted.
  • Exposure Monitoring: Monitor exposures within each Seller's program to ensure compliance.
  • Funding and Credit Packages: Ensure funding and/or credit packages are complete.
Requirements
  • Education and Experience: Business degree or related post-secondary education and/or relevant work experience. 3 years' experience in a similar or related role.
  • Skills and Knowledge: Experience and understanding of US and CAD securitization and leasing would be an asset. Advanced computer skills, particularly Microsoft Excel, and ability to learn new systems.
  • Personal Qualities: Self-starter with strong attention to detail, time management skills and ability to multi-task. Excellent critical thinking skills. Strong interpersonal and business communications skills. Meticulous attention to detail and sound judgement to independently problem solve.
About VersaBank
  • Company Culture: A positive team-based work atmosphere that promotes collaboration and asking questions.
  • Work Environment: Current hybrid work environment.
  • Benefits: Competitive compensation package including base salary, an incentive award and pension supplement program. Outstanding benefit program. Tuition refund program. Fitness club membership.


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