Analyst, Specialized Finance Job at Equitable Bank – in Toronto, ON

Canada’s Challenger Bank™

Equitable Group Inc. trades on the Toronto Stock Exchange (TSX: EQB and EQB.PR.C) and serves a growing number of Canadians through Equitable Bank, Canada’s Challenger Bank™. Equitable Bank has grown to become the country’s eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich people’s lives. Founded over 50 years ago, Equitable Bank provides diversified personal and commercial banking and through its EQ Bank platform has been named #1 Bank in Canada on the Forbes World’s Best Banks 2021 list. EQ Bank provides state-of-the-art digital banking services, like the Savings Plus Account that reimagines banking by offering an everyday high interest rate, plus the flexibility of a chequing account, as well as a wide range of smart banking solutions for Canadians, like fast international money transfers, US dollar accounts and a suite of registered products.

Level 4/8

Purpose of the Job

While adhering to established compliance and control requirements, the Analyst, Specialized Finance will be responsible for portfolio administration and writing credit risk analyses while assisting with the development, structuring and overall management of the Bank’s specialized commercial lending platform. The key focus will be placed on real estate and non-real estate secured operating lines of credit, equipment financing, portfolio acquisitions, “lend-to-lender” financing and other new opportunities across a diverse range of industries. Along with the other Analyst, the incumbent will assist in obtaining buy-in from Management on new deals, structures and asset classes. The analyst will also perform and learn financial analysis, modeling and valuation, co-ordinate and collaborate with internal teams to perform diligence activities and prepare presentation materials as required.

The Analyst will need to ensure that key policies, controls and processes are followed such that all relevant Bank stakeholders are involved with, and apprised of, new deal flow, operational requirements, and funding/reconciliation mechanics. Without limitation, Corporate Development, Accounting, Treasury, Finance, Payments, Commercial Funding and Credit will need to be actively engaged to ensure smooth loan fulfillment while minimizing operational and credit risk. The Analyst will complete ongoing portfolio management including, but not limited to, monthly, quarterly, and annual reporting requirements, in order to effectively manage exposure and prudently monitor risk associated with new and existing investments.

Main Activities

Portfolio monitoring and stakeholder management (65%)

  • Prepare reports for Management and ultimately monitor funded specialized finance deals including analysis of borrowing base and margin requirements, covenants, operating line usage, portfolio amortization and key risks
  • Develop familiarity with internal systems and gather relevant data from various internal sources
  • Monitor and maintain control mechanisms and standardized reporting documents which prudently monitor risk
  • Ensure internal Bank stakeholders are appropriately consulted during deal origination and thereafter to ensure amicable and cohesive relationships
  • Stay current on recent events and share findings with related Bank parties as necessary

Credit risk analysis (30%)

  • Prepare credit risk analyses on large transactions (typically $25.0 million+), primarily annual reviews
  • Perform and learn financial analysis, modeling and valuation
  • Prepare presentation materials as required
  • Support the development of business cases for new opportunities – manage the communication of findings and support on follow-up
  • Use and learn quantitative methods (e.g., Excel models) to develop insights that support decision making
  • Ensure compliance with the Bank’s established AML policies, lending guidelines and procedures
  • Ensure all lending criteria and outstanding documentation/conditions have been satisfied on all transactions, while being processed in a timely and efficient manner to deliver superior customer service

Business development and research (5%)

  • Along with the Director, Specialized Finance, participate in the development of new relationships and referral sources with the aim of identifying new and profitable lending opportunities
  • Contribute to the brainstorming, structuring and problem solving process for new lending opportunities including market research to support business unit and enterprise strategy
  • Scan various sources (e.g., news releases, journals, industry publications, etc.) to identify, track and monitor market, competitive and regulatory trends
  • Perform interviews with internal and external parties to gather information and develop insights

Knowledge/Skill Requirements

Post-secondary education (diploma/degree) in Business Commerce or related field

1-3 years’ experience in commercial and/or corporate lending. Experience in both real estate and specialized lending is considered an asset.

Strong business acumen

Excellent financial, analytical, and problem solving skills

Excellent oral and written communication skills as well as attention to detail

Proficient in using MS Office (Excel, Access, Power Point)

Proven ability to thrive in a constantly changing environment and to perform well in a high volume, high intensity environment

Ability to handle multiple competing priorities

CFA is 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

Education reimbursement program

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

Equitable Bank is an equal opportunity employer and encourages applications from all qualified candidates. Accommodations are available on request for candidates taking part in all aspects of the selection process. 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.

About the Company

Company: Equitable Bank –

Company Location:  Toronto, ON

Estimated Salary:

About Equitable Bank -