Careers

Credit Analyst, IRC


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Location: London, ON

VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $2.6 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that raises deposits through a network of brokers located across Canada and invests these deposits in loans, leases, commercial mortgages, residential development mortgages, and debt of corporations.

VersaBank’s Common Shares trade on the Toronto Stock Exchange (“TSX”) and Nasdaq under the symbol VBNK. Our Series 1 Preferred Shares trade on the TSX under the symbol VBNK.PR.A. Our head office is located in London, Ontario but we operate from various offices located across Canada. For more information on VersaBank, please visit our website at www.versabank.com.

As a member of the Investment Risk & Control (IRC) team, you will play an important role in the risk management of the Bank’s Point-of-Sale Financing division, the fastest growing product offering of the Bank. In this role, you will be expected to utilize your analytical skills and adjudication experience in ensuring that submitted loans and leases meet the Bank’s accepted seller credit policies. Upon completion of each review you will provide clear and concise summaries of your findings and recommendations to senior management within the IRC group. You will also engage your multi-tasking abilities by managing competing priorities and following up with audit findings and recommendations as required. Ultimately, this position will appeal to someone that is highly organized, manages their time effectively and possesses superior analytical skills.

The ideal candidate has a minimum of 3 years’ experience in consumer and/or commercial lending. Prior experience with private securitization programs or syndicated transactions is an asset. You have a business degree or post-secondary education in a related field or equivalent work experience. Strong computer skills, particularly using Microsoft Office products, exceptional time management and attention to detail are essential.

We offer a friendly and positive work environment, a very competitive compensation package, an outstanding benefit package, as well as paid professional membership fees and a tuition refund program. We also offer excellent career advancement opportunities, as well as an information, positive work environment. We also have a fitness club reimbursement program, an attractive incentive award program as well as stock options.

If working for a non-traditional bank with an entrepreneurial flair appeals to you, we encourage you to apply in confidence with your resume and cover letter to [email protected] as soon as possible.

Please be advised that only those applicants selected for an interview will be contacted.