Senior Securitization Analyst
EQ Bank
IT
Toronto, ON, Canada
Posted on Jan 12, 2025
Join a Challenger
Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.
We are a big (and growing!) family. Overall we serve more than 670,000 people 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 $125 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 Work
The Senior Securitization Analyst will be responsible for assisting with the effective and efficient administration and reporting of the Bank’s securitization programs. Responsibilities will include, but not limited to, assisting with the execution of new securitization issuances and ongoing administration, preparing monthly investor reports, accounting, and financial analysis. This role requires the individual to possess well-developed interpersonal and communication skills. The role will require comprehensive skills to interpret and analyze financial data.
The Senior Securitization Analyst will work closely with internal and external stakeholders including the Bank’s Accounting group, Capital Markets, Admin, Funding and Treasury departments, CMHC, Computershare, strategic business partners, third party service providers, and the Bank’s external auditors. Strong organization and multi-tasking skills are a must. The individual should be able to work independently, take initiative, and have good attention to detail.
The Core Responsibilities!
- The main activities of this position will be focused on the administration, accounting, reporting, and financial analysis of the Bank’s securitization activities.
- Accounting for the issue and settlement of new NHA MBS pools.
- Prepare monthly investor reporting such as CMHC 2840’s and payments to the Central Payor and Transfer Agent (CPTA).
- Develop an understanding of and adhere to the Bank’s policies and procedures as it relates to compliance with CMHC’s NHA MBS and CMB Guidelines.
- Develop an understanding of securitization profit calculations and accounting. Follow established accounting practices to ensure that the financial and operating reports accurately reflect the condition of the securitization business in accordance with accounting standards.
- Key contributor to the financial statement close process through the preparation of monthly accounting schedules.
- Assist in the preparation of month-over-month variance analysis in financial results and program profitability.
- Support compliance interactions with government agencies and external auditors, including reviews, audits and other communications.
Let's Talk About You!
- University/College undergraduate degree in Business Administration/Commerce; Accounting focus preferred.
- Pursuing professional designation in Accounting (CPA).
- A minimum of 3 -5 years of experience in accounting or financial reporting at a financial institution.
- Knowledge of/experience with CMHC sponsored NHA MBS and CMB securitization programs would be an asset.
- Strong technical aptitude, with an understanding of cash flow modeling.
- The ability to work independently and engage across the organization.
- Experience with the execution of complex financial reporting requirements, preferably securitization related.
- Experience in the mortgage industry and securitization preferred.
- Experience with data management and reporting systems.
- Experience in process development and controls management.
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 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!