Senior Securitization Analyst Jobs

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 370,000 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 5 million members. Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our EQ Bank platform ( eqbank.ca ) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists.
The Work
The 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 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 Parts Of Your Role Would Be To

• Interact with other departments and external stakeholders
• The main activities of this position will be focused around the administration, accounting, reporting, and financial analysis of the Bank’s securitization activities.
• 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.
• 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
• Support compliance interactions with government agencies and external auditors, including reviews, audits and other communications
• Identify opportunities for process improvement and assist in the implementation of recommended changes
• Key contributor to the financial statement close process through the preparation of monthly accounting schedules
• Prepare monthly investor reporting such as CMHC 2840’s and payments to the Central Payor and Transfer Agent (CPTA)
• Assist in the preparation of month-over-month variance analysis in financial results and program profitability
• Accounting for the issue and settlement of new NHA MBS pools.
• Respond to accounting inquiries, providing ad hoc analysis for use in management decisions
• Support new securitization initiatives by working closely with Capital Markets and other relevant stakeholders

Internal Interactions May Include But Are Not Limited To

• Capital Markets
• Financial Reporting
• IT, BA and Project Management
• Prime Single Family and Commercial Lending
• Compliance and Internal Audit
• Accounting group
• Financial Operations
• Treasury

External Interactions May Include But Are Not Limited To

• External auditors
• Computershare
• Strategic partners and service providers
• CMHC
• CDS

Let’s Talk About You!

• Strong organizational skills with the ability to prioritize multiple tasks, competing priorities and meet tight deadlines within a fast-paced environment
• Excellent verbal and written communication skills, with the ability to communicate clearly and concisely
• Outstanding interpersonal skills with ability to build solid relationships with other members of Finance department, business unit representatives, and internal and external stakeholders
• Experience with the execution of complex financial reporting requirements, preferably securitization related
• Formal Education
• Experience in process development and controls management
• Proficient computer skills (advanced Microsoft Excel, Access, Word, and accounting systems)
• Independent thinker and self-starter who will be able to work independently and exercise good professional judgment
• Experience in the mortgage industry and securitization preferred
• Specific Attributes
• Possesses strong analytical abilities and very detailed oriented
• Related Experience
• University/College undergraduate degree in Business Administration/Commerce; Accounting focus preferred
• Pursuing professional designation in Accounting (CPA)
• The ability to work independently and engage across the organization
• Experience with data management and reporting systems
• Strong technical aptitude, with an understanding of cash flow modeling
• A minimum of 3 -5 years of experience in accounting or financial reporting at a financial institution
• Ability to identify and drive process improvements, maintaining a strict control environment
• Knowledge of/experience with CMHC sponsored NHA MBS and CMB securitization programs would be an asset

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, personal days and even a moving day
🖥 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
The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.
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!