Risk Management Specialist

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Location: London, ON

VersaBank is an entrepreneurial, rapidly expanding, Schedule 1 Chartered Bank with over $2.4 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 This position would be either in-office at our Fullarton Street, London, Ontario office or a hybrid of remote and in-office.

Reporting to the Chief Risk Officer, you will evaluate, develop and implement risk management frameworks, tools and solutions. You will work closely with the Chief Risk Officer to improve the second line of defense program to mitigate key financial risks to the Bank. The successful candidate will also identify potential new products and services and complete risk assessments along with the risk owners. You will also review risk information resources and monitor international financial industry events and communicate best practices to senior management. Additionally, you will play a key role in designing and building new tracking and reporting capabilities, as well as drafting and managing action plans developed through risk management processes. You will identify opportunities to improve the Bank’s annual Internal Capital Adequacy Assessment Process as well as the Bank’s Recovery Plan. Finally, the successful candidate will provide support for regulatory reviews and audits.

You have a Bachelor’s degree in Finance, Economics or a related field. A Master’s degree is an asset but not required. Certification as a Financial Risk Manager (FSM) or Chartered Financial Analyst (CFA) is a definite asset. You have at least 5 years of risk management experience, ideally in an OSFI-regulated financial institution. You also have industry knowledge in financial services, with experience in credit, liquidity and market risk management. You have advanced analytical, problem solving and project management skills with the ability to clearly communicate detailed information verbally and in writing. You are self-motivated and willing to ask probing questions and have knowledge of how to develop dynamic dashboards and other reporting that can be used by senior management to understand data and trends.

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 have a fitness club reimbursement program, an attractive incentive award program as well as stock options.

If working for a ‘non-traditional’, technology savvy 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.

We thank you for taking the time to submit an application. Please be advised that only those selected for an interview will be contacted.