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.
VersaBank's Common Shares trade on the Toronto Stock Exchange ('TSX') and Nasdaq under the symbol VBNK.
Our Series 1 Preferred Shares trade on the TSX under the symbol VBNK.PR.Our head office is in London, Ontario, with various offices located across Canada.
For more information on VersaBank, please visit our website at
We are looking for an Analyst to join the Investment Risk & Control (IRC) team.
This is currently a hybrid role, working out of our VersaBank Innovation Centre of Excellence (VICE) office in London, Ontario.
This role is expected to work in office Tuesday - Thursday.
As an Analyst, you will play a vital role in the risk management of the Bank's high-performing Point-of-Sale Financing division, the largest and fastest growing product offering of the Bank.
You will be responsible for credit risk analysis, documentation review, transaction processing, and auditing.
You will use your analytical skills to ensure findings meet the Bank's established eligibility criteria and risk appetite.
Participate in the Receivable Purchase Program funding audit cycle, with particular emphasis on credit and documentation review, ensuring adherence to approved policies and parameters.
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.
Provide clear and concise summaries of audit findings and recommendations to senior staff within the IRC group.
Monitor exposures within each Seller's program to ensure compliance.
Business degree or related post-secondary education and/or relevant work experience.
~Experience and understanding of US and CAD securitization and leasing is considered an asset.
~ Advanced computer skills, particularly Microsoft Excel, and ability to learn new systems.
~ Competitive compensation package including base salary, an incentive award and pension supplement program.
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