Analyst

VersaBank
CA - Ontario - London
January 16, 2025
Financial

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.A.
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.Primary Responsibilities include:
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.Maintain detailed records and follow-up to resolve any deficiencies noted.Monitor exposures within each Seller's program to ensure compliance.Ensure funding and/or credit packages are complete.You will need to multi-task, manage competing priorities, and follow up with audit findings and recommendations as required to ensure duties are completed on time.
This position will appeal to someone who thrives in a team-based, fast-paced environment, is highly organized, manages their time effectively and possesses superior analytical skills.Qualifications:
Business degree or related post-secondary education and/or relevant work experience.3 years' experience in a similar or related role.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.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.What we offer:
A positive team-based work atmosphere that promotes collaboration.Hybrid work environment.Competitive compensation package including base salary, an incentive award and pension supplement program.An outstanding benefit program.Tuition refund program.Fitness club membership.We thank you for taking the time to apply.
Please be advised that only those applicants selected for an interview will be contacted.

Read the full job description and apply online on the recuiter's web-site

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