Securitization Analyst

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 Securitization Analyst, Strategic Financial Management, is responsible to provide effective leadership, expertise and a comprehensive service offering to the Canadian credit union system. This position is responsible for supporting credit union client securitization activities. Securitization activities are of high value and contribute significantly to enhance credit union liquidity and profitability levels, thereby enhancing the fee for service revenue for the Bank. 

Support the Successful, Accurate and Timely Completion of Credit Union Client Securitization Transactions – 70%

• Strong understanding of the Canadian structured finance environment, specifically the CMHC sponsored securitization programs (MBS & CMB). 
• 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: Mortgage Securitization Software, CRM Platform, MS Office Suite, Internal and External Data Sharing Portals, Mortgage Data Validation Platform, Program Administrator Portals and Asset Reporting Centers, and Electronic Document Signing Platforms.  

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. 

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!

• Completion of a post-secondary education program in the financial field is required. 
• Advanced knowledge of the Microsoft Office Suite, primarily excel, outlook and Teams.  
• Sound knowledge of securitization principles and industry practices. 
• Deep knowledge of financial products and principles within the structured finance industry. 
• Sophisticated knowledge of the financial services industry and the co-operative system. 
• Strong 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.  
• Strong understanding 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.  
• Advanced organizational skills to keep client data, processes and internal tasks maintained in a timely manner (ex. Adhering to CMHC tight deadlines).   
• Working toward professional designation program (e.g. CFA, CPA).  
• 3+ years of experience in a technical role in the financial industry.  An equivalent combination of education and experience will be considered. 

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!