Senior Credit Risk Analyst

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:

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

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

Role Description: The Senior 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]

• Prepare (ad hoc and regular) reports, summaries and opinions on new, renewal and existing accounts for the Management Risk Committee meetings.
• Deliver meaningful, detailed credit analysis on a per-client and portfolio-level basis while providing efficient and timely service.
• 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.
• Review customer files as needed to ensure quality, consistency and compliance with CXIs and the Bank’s credit policy.
• 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.
• Effectively perform role as a Business Partner in advising, educating and responding to needs related to Credit risk arising in the lines of business.
• Ensure that all credit files are complete; identify any document deficiencies.
• 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

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)
• Identify, assess, measure, control and report on various risk types.
• Review and contribute to the development/enhancement of Governance documents and procedures/controls for various risk types.

TMS Management: 10% [CXI]

• 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
• Maintain the list of manual over-rides, exceptions and variance from Policies.

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:

1. Strong Analytical Skills;
2. Attention to Detail;
3. Relationship Management
4. Adaptability and Quick Learning;
5. Decisiveness;
6. Strong Oral/Written Communication;
7. Technological Proficiency (specifically with advanced Microsoft Excel skills);
8. Time Management

Required Education and Experience:

• The ability to speak French is preferred (not required)
• Ability to analyze financial metrics including cash flows, leverage, collateral and customer strength
• Well-versed with legal, compliance and market risk related issues
• Minimum of 5 years of experience in credit adjudication
• Undergraduate degree in Business, Statistics, Accounting or Finance, and expressed interest in pursuing specialty designation (e.g. FRM, CFA) or postgraduate Business Administration degree

Benefits:

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

Please attach your resume for submission.