Credit Risk Analyst

We are currently seeking a Credit Risk Analyst to join our team.

The Credit Risk Analyst is responsible for the critical loan monitoring and credit risk management support of the overall Tru Cooperative Bank (Tru) commercial banking portfolio. The Analyst performs a variety of duties including completing foundational work, tracking and reporting of annual reviews; coordinating the receipt and analysis of the regular reporting information including the year-end financial statements; completing the monthly and quarterly margining worksheets; and conducting the regular Quality Assurance Audit. This position will regularly liaise with the commercial banking team, RCO and CLA.

Here’s what would be included as a part of your typical day

1. Risk Management: Completes foundational work to assist CBAs for annual reviews on commercial accounts > $500k and completes annual reviews on commercial accounts < $500k ensuring all terms and conditions are satisfied for all annual reviews. This includes follow up for outstanding items and solicits input from commercial banking unit staff for inclusion in the annual review. This role will be accountable to ensure the expiry ratio is at or below the corporate target as set out in the Commercial Lending Guidelines.
2. Loans Origination Process: Completes required paperwork for new credit applications\amendments, ensuring all supporting documentation is in place, attached to the application, and forwarded to the correct level for approval. Ensures required information from financial statements is entered into loans origination system. All the necessary searches are pulled, documented and saved.
3. Financial Analysis: Completes analysis of financial statements and identifies any potential issues or concerns. Researches industry reports and analyzes market data related to specific credit applications, as required.
4. Documentation Confirmation: Reviews existing loan and security documentation is in place, complete, accurate and stored in the applicable folders while in the member folder or Digital File Room. Obsolete information is to be removed and stored in accordance with the Tru Record Retention policy.
5. Credit Quality: Conducts and administers the quarterly Quality Assurance (“QA”) review process for commercial credit facilities as mandated in the credit union’s lending guidelines. Provides a comprehensive report on the audit results to the regional credit leads upon the completion of each audit cycle. Follows up on the completion of all action items recommended to rectify deficiencies identified during the audit of commercial credit facilities.
6. Security Monitoring: Administers and performs the ongoing margining function including gathering information from members, completing the security valuation, updating the lending value, and reporting out to the CBUs and RCO.
7. Reporting and Tracking: Ensures the necessary information and reports are updated, tracked and stored in a central location that is accessible to all the key stakeholders and end users.

Required Skills, Experience & Qualifications

• Diploma in a related discipline required; bachelor’s degree preferred
• 4 years’ related experience in portfolio management, loan administration, financial analysis, and customer service required
• Preferred experience:
  • Proven knowledge and skills in financial statement analysis
  • Foundational lending experience and credit risk management
  • Previous knowledge of commercial lending policies, procedures, products and services
  • Working knowledge of relevant legislation and statutory requirements influencing the granting and collection of commercial credit
• Self‐starter with ability to work independently and solve problems using common sense and sound judgment
• Strong attention to detail and a high degree of accuracy
• Strong work ethic and demonstrated resourcefulness in execution of daily activities
• High degree of digital literacy
• Advanced knowledge Microsoft Office Applications, specifically MS Excel and Word
• Demonstrated effective time management and organization skills with the ability to multi-task
• Proven effective communication skills both verbal and written
• Typing skill is essential with the ability to type at a minimum of 40 WPM
• Proven ability to plan, organize and prioritize workload
• Displays an understanding of risk and risk ownership by being able to demonstrate adherence to policies and procedures.

What’s in it for you:

First, we strive to make our team members feel genuinely rewarded. You’ll have:

• Mental health coverage and resources
• Customizable health benefits, as well as topped-up parental leave
• Performance-based compensation, employee banking advantages and group RRSP matching
• Vacation time and flexible work arrangements to support your lifestyle

We are committed to providing a fair, equitable, and competitive rewards package that reflects the value an individual brings to our organization. The compensation mentioned in this job posting should serve as a guide. The total cash compensation earned may vary based on a variety of factors including bonuses and/or incentives, an individual’s skills and experience, and may correlate with performance in the role.

We also provide and encourage opportunities for our employees to make a meaningful impact. After all, as a credit union we’re powered by giving back—in big ways and through small gestures. That's why we offer employees paid time off to volunteer, partner with thousands of local charities, build long-lasting relationships that help our members get ahead and commit to environmental, social and governance (ESG) practices.

By joining our team, you’ll be able to elevate your potential. Wherever your own purpose leads, we’re here to support you with award-winning in-house training programs, access to LinkedIn Learning, and reimbursement for external courses to help you get ahead.

Take the next step in your career as part of our team. Apply for this opportunity!

Candidates, please note: if you are being considered for this role, you will be required to complete a background check, such as employment verification, credit check and criminal record check.

Diversity, Equity, Inclusion & Belonging

At Tru Cooperative Bank, we embrace diversity regardless of gender identity or expression, sexual orientation, religion, race, ethnicity, age, diverse ability, and any aspect that makes someone unique. Inclusion is woven through our organization, from our employee-led network groups, hiring practices and education programs that address barriers and continually grow our equitable, diverse and inclusive culture.

We encourage people who are from equity-deserving groups to apply for a career with us, including women or non-binary people, persons with diverse abilities, Black, Indigenous Peoples, People of Colour and members of 2SLGBTQIA+ communities.

If an accommodation would help you during the process of applying or interviewing for a career with us, please let us know how we can assist you, whether it’s preparing materials in an alternate format, booking an accessible meeting room or other arrangement.

Your individuality is welcome here.

About Us

We’re a financial cooperative that does things differently. We provide time-tested advice that helps our members feel optimistic about their future, and we offer comprehensive banking solutions that enable people to confidently reach their goals. With the financial strength and extended branch network of a large financial institution, we maintain local connections to our communities and take a unique grassroots approach to service. Our more than 250,000 members and approximately 1,250 employees operate from 45 branches throughout the province of BC, under the Envision Financial, Valley First, Island Savings and Enderby & District Financial brands. Visit trucooperativebank.ca for more information on Tru Cooperative Bank.

Statement on AI Use:

In accordance with Ontario’s Employment Standards Act, we confirm that no artificial intelligence (AI) tools are used to screen, assess, or select applicants for this position. All applications are reviewed by our recruitment team.

Statement of Genuine Vacancy:

This posting represents a true and current vacancy within our organization. We are actively seeking to fill this role and welcome applications from qualified candidates.

Please know we appreciate your interest in us but only candidates selected for an interview will be contacted.