Senior Securitization Analyst job opportunity at Equitable Bank.



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Equitable Bank Senior Securitization Analyst
Experience: Highly Experienced
Pattern: hybrid
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Salary:
Status:

CB - Strategic Financial Management,CB - Strategic Financial Management

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degreeBachelor's (B.Sc.)
loacation Regina, Canada
loacation Regina....Canada

Join a ChallengerBeing a traditional bank just isn’t 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 you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.Our company continues to grow, and today we serve more than 780,000 customers across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $138 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. The WorkThe Senior Securitization Analyst, Strategic Financial Management, is responsible to provide effective leadership, expertise and a comprehensive service offering to the Canadian credit union system. In 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.\nThe 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 CMHC’s 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: 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 Concentra’s securitization program and maintain Issuer status by acting as a key liaison to CMHC: - 35%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.3. Create and deliver support solutions and financial reporting – 15%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.4. Contribute to the professional image of corporate and client securitization activities – 15%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.Let's 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\nWhat 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????  Professional development and 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 everyone’s diverse experiences and perspectives. In 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 beyond. All 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 can’t wait to get to know you! 

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