Risk Management Analyst
Risk Management Analyst
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Job Description
Why DUCA
Were a vibrant exciting credit union that lives its profits with a purpose philosophy in every financial transaction product interest rate and community initiative we offer. Founded in 1954 DUCA has grown from a single branch credit union in Toronto to 19 branches across Southern Ontario with over 85000 Members we are proud to serve.
We exist to help People Businesses and Communities Do More Be More and Achieve More.
DUCA () is the fastest organically growing large Credit Union in Canada distinguished for the following:
- Positive un-big bank like service experience delivered through Member-facing staff in branch on the phone (Member-Connect) and via our Mobile mortgage specialists Wealth Management advisors and Commercial and Business Banking Account Managers.
- Competitive rates.
- Personalized financial solutions guidance and service with the lowest possible fees for both Personal and Business Members.
- Profit sharing among Members.
- Multiple ways to bankonline mobile app phone/full-service Member Connect Contact Centre and of course in-branchDUCA is accessible 24/7
- A community philosophy of profits with a purpose culminating in the creation of the DUCA Impact Lab () a charitable foundation committed to helping the credit challenged and underbanked. This led to DUCAs designation as a B-Corp certified organization the first ever credit union to receive this global recognition.
A career with one of Canadas fastest growing credit unions means youll find endless opportunities to make a difference with your unique abilities and perspectives. Our people live their purpose while helping others Do more Be more and Achieve more with their money and their lives. At DUCA youll be part of a vibrant and collaborative team where youll be supported to excel and make an impact no matter what role you play.
Risk Management Analyst
DUCA is looking for a Risk Management Analystto join our growing team!
Job Purpose & Summary
Reporting to either the Director or Senior Manager Commercial Credit the Risk Management Analyst supports DUCAs risk management program related to the Commercial Lending portfolio. This position provides commercial credit adjudication support quality assurance analysis portfolio monitoring reporting and project coordination. The Risk Management Analyst will review deals received from the Commercial Lending team conduct analysis and make recommendations on whether the deal is within DUCAs risk guidelines.
Key Accountabilities & Duties
- Assist in the end-to-end adjudication process for new credits and annual reviews in accordance with DUCA credit policy and guidelines
- Review due diligence documents (e.g. appraisals environmental reports lease agreements industry reports etc.) financial spreadsheets risk rating financial models and conduct sensitivity analysis
- Approve annual reviews and amendment requests as per delegated lending authority currently up to $3MM
- Use sound credit judgment to assess analyze and present well-written recommendations for adjudication on new deals and annual reviews
- Check and review commitment letters and construction draw requests
- Undertake quality assurance reviews on the commercial credit portfolio track audit action items and coordinate with key stakeholders (lenders funding team analysts adjudication team)
- Prepare reports and presentation for DUCAs Management Credit Committee leadership team and Board of Directors as needed
- Coordinate various initiatives and projects for the Commercial Credit team
Occupational Experience & Education Requirements
- Undergraduate degree in Business Finance or a related field
- Post-graduate degree or other related designation (CFA FRM CA etc.) considered an asset
- 1-3 years work experience in commercial or real estate lending or a related field
- Previous experience with financial statement analysis
Knowledge Skills & Attributes
- Proficient with Microsoft Excel Word and PowerPoint
- Knowledge of different commercial lending products and sound lending practices
- Knowledge of the commercial real estate sector considered an asset
- Ability to analyze financial statements and perform meaningful financial analysis
- Ability to articulate complex problems into succinct analysis
- Strong interpersonal and collaboration skills
- Demonstrated critical thinking and problem-solving skills
- Strong attention to detail
- Excellent written and verbal communication skills
- Client-focused mindset and drive to do what is best for our Members
Working Conditions
Normal office environment
Department:Commercial Credit
Primary Location:Corporate Office - 5255 Yonge Street North York M2N 6P4
Employment Status:Full-Time
Hours per Week:38
Salary:The annual salary range for this position starts at$64023. Actual annual base salaries will vary depending on relevant job-related factors such as experience knowledge skills qualifications and education/training. Depending on the position DUCAs total compensation package may include incentive compensation tied to company and individual performance or other benefits.
Number of Vacancies:1
DUCA is committed to employment equity and encourages applications from all qualified candidates. Recruitment related accommodations will be provided upon request.
Qualified applicants are encouraged to submit their application.Applications must include a resume.
We thank all applicants but only those considered for an interview will be contacted.
Required Experience:
IC
Employment Type
Full Time
