Director, Structured Finance

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 a Director to join our Structured Finance and Point-of-Sale (POS) team. This is currently a hybrid role, working out of our VersaBank Innovation Centre of Excellence (VICE) office in London, Ontario three days a week.

As a Director for the Structured Finance team, you will provide portfolio management oversight for new and existing client relationships within our POS program. You will focus on the management and performance of assigned accounts, and be responsible for structure changes and implementation, reporting analysis, and credit application preparation.

If you are highly results-orientated and thrive in a small, dynamic team environment, we encourage you to apply!

Primary Responsibilities include:

• Establish and maintain strong relationships and service standards with new and existing clients.
• Meet or exceed net interest income and asset growth targets assigned annually.
• Recommend new and innovative structures to meet client needs and maintain credit quality.
• Ensure that new lending transactions that are delegated meet satisfactory underwriting standards.
• Ensure that assigned accounts are properly managed according to internal processes and policies.
• Work closely with Investment Risk & Control team to ensure audit deficiencies are rectified and the purchase process remains efficient.
• Work closely with senior team members and assist with their files as required.
• Make recommendations to policies and procedures where either market conditions warrant, or operational efficiencies can be realized without increasing business risk.

Qualifications:

• Post Secondary education in Finance, Business, or a related field.
• 5+ years prior banking experience.
• MBA, CGA or CFA required, or working towards.
• Strong working knowledge of MS Office suite, including advanced Excel skills.
• Excellent communication skills and highly detail-oriented.
• Motivation to deliver high-quality results.
• Superior analytical and problem-solving skills, with the ability to prioritize and quickly provide resolution.
• Ability to bring sound business judgement to decisions and evaluations.
• Strategic thinker with advanced negotiation skills.

What we offer:

• A positive team-based atmosphere.
• Hybrid work environment.
• Competitive compensation package including base salary, an incentive award program, and pension supplement.
• An outstanding benefit program.
• Tuition refund program.
• Fitness club membership.

We thank you for taking the time to apply. Please be advised that only applicants selected for an interview will be contacted.