Strategic Risk Management Associate
1 day ago
At VersaBank, we're pushing the boundaries of banking to provide innovative solutions for our customers and employees. As Canada's most innovative bank, we operate as a branchless financial institution with over $4.3 billion in assets and growing.
We're currently looking for an experienced Strategic Risk Management Associate to join our Credit Risk team. In this role, you'll be responsible for managing the day-to-day activities in the credit department with a focus on assessing and managing credit risk for our Point-of-Sale (POS) business unit.
Credit Underwriting and Funding Supervision
- Provide expert advice and observations on all credit submissions and related documentation, primarily from the standpoint of credit risk.
- 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 Chief Credit Officer (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 and Analysis
- 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.
Requirements
- 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.
- ~ Excellent communication skills, with the ability to develop concise summaries of complex analyses and data appropriate for various levels of consumption across the Bank.
- ~ Highly attention to detail and a drive to deliver high-quality results.
What We Offer
- A competitive salary range of $120,000 - $180,000 per year, depending on experience.
- An excellent benefit package including health, dental, and vision insurance.
- A tuition refund program to support your continuing education.
- A pension supplement to help you plan for your future.
- A fitness club membership to promote a healthy work-life balance.
- Participation in an attractive incentive award program to recognize and reward your achievements.
Why Join Us?
VersaBank is a dynamic and innovative organization that values its employees and provides opportunities for growth and development. Our commitment to diversity and inclusion creates a welcoming environment where everyone can thrive.
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