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Job Location drjobs

Toronto - Canada

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

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 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 DUCA 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.

Credit Assurance Analyst

DUCA is looking for aCredit Assurance Analystto join our growing team!

Job Purpose & Summary

The Credit Assurance Analyst supports the Retail & Commercial Credit Management Team. This position is responsible for analyzing Retail and Commercial Lending files to ensure compliance to the underwriting and documentation standards as per DUCAs policies and procedures.

The Credit Assurance Analyst implements audit strategies and conducts audits of DUCA and external business partner retail and commercial credit files. This position also reviews prepares and cleanses credit files in preparation of regulatory internal and mortgage insurers annual audits.

The Analyst acts as a second line of defense for DUCA by reviewing retail commercial and small business lending including mortgages unsecured loans/lines auto-loans specialized lending files term loans and lines of credits.

Key Accountabilities & Duties

  • Review all required documentation for accuracy and legitimacy mitigating DUCAs risks related to anti-money laundering (AML) and anti-terrorist financing (ATF).
  • Works independently and makes quick decisions with respect to data elements and the various analysis to be taken.
  • Conduct post-funding delinquency and decline reviews.
  • Review sample files for mortgage pool purchases as directed.
  • Implement quarterly Provincial Property Security Agreement reviews for Small Business Banking and Specialized Lending files.
  • Enhanced Due Diligence reviews to be implemented when required.
  • Conduct employment verification independently or through external partner portal.
  • Perform follow-up reviews to determine appropriate actions are taken on reported findings and that desired results are achieved.
  • Ensure that exceptions if any are identified and escalated as per policy.
  • Stay abreast of DUCA policies guidelines and lending products to support recommendations or decisions related to credit files.
  • Updates and retrieves data for reporting purposes.
  • Ensure that all reviews are inputted accurately in review database.
  • Stays current on regulatory developments related to Credit Risk.
  • Provide regular feedback regarding credit and risk performance and discrepancies and find solutions to identify defects.
  • Provide appropriate recommendations regarding credit trends and/or issues.
  • Work with the sales teams internal and external stakeholders to comply with regulatory and risk requirements.
  • Inform relevant parties on any identified gaps and recommend corrective actions.
  • Assist in preparing for internal audits and regulatory reviews.
  • Deliver effective credit risk analysis to aid in the development and implementation of policies strategies scorecards monitoring and guidance for DUCAs Credit portfolios.
  • Collaborate with credit adjudication and credit operations to validate and refine credit process controls.

Occupational Experience & Education Requirements

  • Post-secondary degree in a business-related field.
  • Minimum of 5 years mortgage experience including exposure to both conforming and non-conforming mortgage products.
  • Knowledge Unsecured Small Business Banking and Specialized lending products.
  • Recent experience in a fulfillment conventional underwriting or quality assurance or control position within the banking industry.
  • Knowledge of mortgage default insurers lending programs and requirements.
  • Keeping up with the latest mortgage industry knowledge B20 B21 and Anti-Money Laundering Legislations and market trends.
  • Current working knowledge of all consumer loan policies and procedures as well as credit scoring risk scores and monitoring systems.

Knowledge Skills & Attributes

  • Strong understanding of real estate secured lending unsecured lending auto-loans commercial lending documentation review.
  • Knowledge of all conventional and government underwriting guidelines for Credit Unions
  • Strong knowledge and understanding of credit underwriting administration and monitoring practices.
  • Negotiation analytical and problem-solving skills to be able to identify trends patterns and anomalies in retail and commercial lending underwriting practices.
  • Ability to work on the Loan Origination System or strong aptitude to learn new systems
  • Accuracy and attention to detail and time management skills
  • Excellent investigation skills
  • Exceptional attention to detail and solid multi-tasking skills
  • Excellent time management skills
  • Ability to follow AML & ATF practices
  • Ability to succeed under pressure and work in team
  • Strong written and verbal communication skills
  • Ability to build relationships at all levels
  • Strong proficiency with MS Office software
  • Results Oriented

Working Conditions

Normal office environment

Department:Retail 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

Company Industry

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