Senior Securitization Analyst
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Job Location:
Monthly Salary:
Posted on:
2 days ago
Vacancies:
1 Vacancy
Job Summary
Join a Challenger
Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.
How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.
Our company continues to grow and today we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$125 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
The Senior Securitization Analyst Strategic Financial Management is responsible to provide effective leadership expertise and a comprehensive service offering to the Canadian credit union addition the Senior Analyst will also provide specialized expertise in regards to securitization best-practices support in the area of securitization to internal stakeholders to optimize funding and liquidity and maintain Issuer status by acting as a key liaison to CMHC.
This position is responsible for supporting the client securitization activities as well as corporate securitization activities. Securitization activities are of high value and contribute significantly to enhance both corporate and credit union liquidity and profitability levels thereby enhancing the fee for service revenue for Concentra Bank.
The core parts of your role would be to:
- Main Activities:
- 1. Support the successful accurate and timely completion of corporate and client securitization transactions 35%
- Develop an understanding of the Canadian structured finance environment specifically the CMHC sponsored securitization programs (MBS & CMB).
- Work closely with credit union partners providing expert advice towards maximizing their value in CMHCs securitization programs in a way which is aligned with their hedging strategies multi-family origination and CMB participation.
- Build foster and recognize business relationships within the department the division the company as well as external credit union clients and intermediary partners (ex. CMB swap counterparties).
- Focus on client interaction and deal with external parties to meet delivery expectations.
- Perform analysis of aggregated data including investigation through financial model analysis and creation to ensure effective strategies within the department.
- Develop and enhance internal applications in response to the evolving internal and external client needs as well as CMHC requirements (CMHC Advices; change in program policies).
- Identify implement and maintain technologies used to aggregate balance and distribute corporate and client data:
- Work closely with Capital Markets on planning of monthly MBS/CMB issuances to support the area of securitization to internal stakeholders to optimize funding and liquidity.
- Monitor support and communicate monthly issuances. Working closely with Capital Markets and other relevant stakeholders to coordinate with swap counterparties for settlement and PRA management purposes.
- Apply for Portfolio Bulk Insurance if applicable work internally and with originators to gather loan level information and ensure the submission is approved successfully and loans are securitized within the given CMHC policy timeline to remain compliant within the CMHC Purpose Test.
- Complete and submit CMHC Quarterly reporting.
- Submit quarterly Allocation Requests (MBS) and monthly CMB Allocation Requests.
- Generate and upload annual CMHC SPR reporting working with multiple originators internal stakeholders and external auditors.
- Field and complete ad-hoc CMHC audit requests.
- Seek approval from CMHC for any liquidation requests from originators for multi-family loans.
- Troubleshooting of mortgage securitization system software and other internal enterprise systems.
- Providing ad hoc analysis for use in management decisions.
- Working in connection with the Residential Loan Operations team researching enhancing and implementing market-value processes for derivatives and financial instruments; specifically related to CMHC sponsored securitization specific transactions.
- Incorporating growth and compliance monitoring with analysis of the expected outcomes of strategic actions.
- Anticipating and incorporating client needs.
- Ensuring reports are accurate and are professional in appearance / formatting.
- Building furthering and recognizing business relationships within the department the division the company external clients and partners.
- Providing feedback and recommendations to management and clients on efficiencies and effectiveness.
- Ensuring superior client service to credit union partners focusing on collaboration with them as their business continues to evolve and change. Working with management to implement opportunities for growth and change.
- Maintaining knowledge of financial market and industry best practices.
o mortgage securitization software
o CRM platform
o MS Office Suite
o internal and external data sharing portals
o mortgage data validation platform
o program administrator portals and asset reporting centers
o electronic document signing platforms.
2. Manage the implementation of Concentras securitization program and maintain Issuer status by acting as a key liaison to CMHC: - 35%
3. Create and deliver support solutions and financial reporting 15%
4. Contribute to the professional image of corporate and client securitization activities 15%
Lets Talk About You!
- Advanced knowledge of the Microsoft Office Suite primarily excel outlook and Teams.
- Extensive experience with NHA MBS and CMB securitization programs. Experience in each of back middle and front office roles would be a significant advantage.
- Working knowledge of financial products and principles within the structured finance industry.
- Sophisticated knowledge of the financial services industry and the co-operative system.
- Working knowledge of Bank products services corporate and business unit strategies.
- Familiar with banking system technologies.
- Familiar with the Canadian mortgage-market landscape Bank of Canada indexes and market rate changes.
- Working knowledge of database development and management.
- Comprehensive financial analysis and modeling skills.
- Working knowledge of the regulatory environment that impacts Concentra Bank the credit union industry and the financial services industry.
- Communication and presentation skills to effectively explain technical processes and strategies to external partners and internal audiences.
- Strong attention to detail.
- Excellent analytical and critical thinking skills.
- Proven ability to function independently and proactive in using internal and external resources to achieve results.
- Advanced organizational skills to keep client data processes and internal tasks maintained in a timely manner (ex. Adhering to CMHC tight deadlines).
- Completion of a post-secondary education program in the financial field complemented with enrollment in a professional designation program (e.g. CFA CPA) would be highly valuable.
- 5 years of experience in a technical role in the financial industry. An equivalent combination of education and experience will be considered.
Job Complexities/Thinking Challenges:
- Most of the learning will be on the job limited formal training will be provided. Therefore prior experience will be a critical factor allowing the incumbent to quickly settle into the role.
- Makes decisions that impact credit union clients.
- Collaborate with cross functional teams to deliver on products and solutions for credit union clients.
- Most deliverables are time-sensitive the incumbent will need to effectively prioritize assignments projects and multi-task within restricted time constraints.
- Job Specific competencies:
o Client Service Orientation
o Conceptual Thinking
o Problem Solving and Judgement
o Initiative
o Information Seeker
o Concern for Order Quality and Compliance
o Listening understanding & responding
o Teamwork & cooperation
What we offer For full-time permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Annual professional development allowance and a comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
Senior IC
Key Skills
- Splunk
- IDS
- Microsoft Access
- SQL
- Cybersecurity
- Intelligence Experience
- Malware Analysis
- Tableau
- Analysis Skills
- SAS
- Data Analysis Skills
- Analytics
About Company
At Equitable Bank, we specialize in providing branchless financial services that meet the unique needs of all Canadians. Our range of mortgages, savings accounts and investment options are designed to offer the right solutions to match any unique circumstance.
