Credit Analyst, Risk Management

Exchange Bank of Canada (EBC) is a Schedule 1 bank based in Toronto, Canada.

Discover the opportunity to join an international, dynamic, and responsible bank that fosters the development of all its employees. Every day, we empower employees to achieve more. As we are a new bank in Canada, each employee is given a unique experience and great opportunities for a career growth.

As a specialist in wholesale foreign exchange services, EBC provides a wide range of foreign currency exchange and international payment services to financial institutions and corporations tailored to streamline processes and delivered with unparalleled customer service.

Our Value Statement: We help our clients identify and create foreign exchange solutions, delivering a best practices approach through unparalleled customer service and integrated technology to create significant financial and operational efficiencies.

Our Values:

• Customer First - We earn the right to be our clients’ first
• Integrity - We hold ourselves to the highest standard to build trust.
• Innovative - We find new methods to deliver change and advance technology to the industry.
• Collaborative - We always win as a team.
• Passionate - We are driven to be the best in class.

Exchange Bank of Canada is seeking an enthusiastic and driven Credit Analyst (Risk Management) to join their Risk Team!

Role Description: The Credit Analyst - Risk Management will support the Senior Risk Manager to execute and embed the Risk Management Framework in EBC and its parent company Currency Exchange International (CXI). The primary area of focus is credit risk, including that related to the Spot and Forward product(s), but market, liquidity and non-financial/operational risks are part of this risk oversight role as well.

Essential Functions:

Credit Risk: 80% [CXI & EBC]

• Effectively perform role as a Business Partner in advising, educating and responding to needs related to Credit risk arising in the lines of business.
• Review customer files as needed to ensure quality, consistency and compliance with CXIs and the Bank’s credit policy.
• Prepare (ad hoc and regular) reports, summaries and opinions on new, renewal and existing accounts for the Management Risk Committee meetings.
• Ensure that all credit files are complete; identify any document deficiencies.
• Responsibility for CXIs and the Bank’s credit policies and procedures; identification of exceptions to policy, and ensuring such are appropriately documented, approved and reported to the CRO.
• Report to the Chief Risk Officer (or others as applicable including members of the Management Risk Committee) findings and reports that may have an adverse effect on a counterparty’s ability to meet obligations.
• Train members of the Risk Department.
• Complete a thorough, in-depth analysis of new credit requests, credit change requests, renewals and annual relationship reviews. Has the power of independent action, autonomy, and discretion in matters of risk rating and/or limit changes when analysis merits, and provide approval for those requests that are within the applicable Delegated Authority
• Deliver meaningful, detailed credit analysis on a per-client and portfolio-level basis while providing efficient and timely service.

Market, Liquidity and Non-Financial Risks: 10%

• Assist with (or in some cases lead) exercises to review and assess risks and controls for new and existing business activities, units, and/or products (RCSA)
• Review and contribute to the development/enhancement of Governance documents and procedures/controls for various risk types.
• Identify, assess, measure, control and report on various risk types.

TMS Management: 10% [CXI]

• Maintain the list of manual over-rides, exceptions and variance from Policies.
• Administer and audit credit limits on systems used (TMS/Integral, etc.) to ensure data accuracy and integrity of controls.
• Daily monitoring of margin account balances for clients actively serviced by the Forward product(s) and reconciliation with the client-facing FX trading platform(s),
• E. g. Integral

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with notice.

Competencies:

• Strong Analytical Skills;
• Strong Oral/Written Communication;
• Attention to Detail;
• Time Management
• Relationship Management
• Decisiveness;
• Technological Proficiency (specifically with advanced Microsoft Excel skills);
• Adaptability and Quick Learning;

Required Education and Experience:

• The ability to speak French is preferred (not required)
• Well-versed with legal, compliance and market risk related issues
• Undergraduate degree in Business, Statistics, Accounting or Finance, and expressed interest in pursuing specialty designation (e.g. FRM, CFA) or postgraduate Business Administration degree
• Ability to analyze financial metrics including cash flows, leverage, collateral and customer strength
• 1 year of experience in credit adjudication

Benefits:

• RRSP - Company matches up to 5%
• Paid Sick/Personal Time Off
• Paid Vacation Time Off
• Commuter Reimbursement - EBC will pay the toll, bus or metro cost in and out of work
• Holiday Pay - Paid day off for 11 designated holidays throughout the year
• Health/Dental/Vision Basic Life, AD/D, and Short/Long-Term Disability

Please attach your resume for submission.