Analyst, Commercial Lending

VersaBank; London; On-site; CAD 70,000 - 90,000; Full time

Benefits offered by this job

Competitive compensation package

Pension supplement program

Tuition refund program

Fitness club membership

Job summary

VersaBank in London, Ontario, is seeking an Analyst to join the Investment, Risk & Control team for a full-time, in-office role. You will support pre-funding risk analysis, legal documentation review, and audit and portfolio management, collaborating with VP IRC and account managers to ensure compliance and effective risk controls.

The role emphasizes due diligence, documentation accuracy, and cross-functional coordination to manage risk across the bank’s loan and lease portfolio.

Qualifications

• Business degree or related post-secondary education.
• Foundational risk concepts.
• Experience with US and CAD securitization and leasing is an asset.
• Advanced computer skills, especially Microsoft Office, and ability to learn new systems.
• Self-starter with strong time-management and multitasking abilities.
• Excellent critical thinking.
• Strong interpersonal and business communication skills.
• Meticulous attention to detail.
• Sound judgment and independent problem-solving.

Responsibilities

• Audit tranches for compliance with approved legal and security content and parameters for each Assignor.
• Follow procedures for Assignor audits, including deficiency tracking.
• Participate in the funding audit cycle to ensure portfolio compliance.
• Prepare funding packages with all documents signed and dated.
• Identify and flag contracts or transactions not meeting program eligibility.
• Communicate audit findings clearly with risk context.
• Maintain records of tranche due diligence findings and decisions.
• Monitor exposures to ensure compliance with requirements.
• Ensure funding packages are complete, signed off, and submitted for same-day value.
• Assist with improving audit process efficiencies.
• Provide support to reporting and credit teams as needed.

Skills

Critical thinking

Time management

Interpersonal skills

Attention to detail

Problem solving

Education

Business degree or related post-secondary education

Tools

Microsoft Office

Job description

VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $5.8 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses.

VersaBank’s Common Shares trade on the Toronto Stock Exchange ("TSX") and Nasdaq under the symbol VBNK. Our head office is in London, Ontario, with various offices located across Canada. For more information on VersaBank, visit www.versabank.com.

We are looking for an Analyst to join the Investment, Risk & Control (IRC) team. This is a full‑time in‑office role based in London, Ontario.

As an Analyst, you will directly support the stability and growth of the Bank’s high‑performing product offerings while focusing on pre‑funding risk analysis, legal documentation review, transaction processing, and audit and portfolio management. Your insights relating to financial statements, commercial credits and collateral analysis will help guide key decisions on lease and loan transactions. Additionally, your ability to conduct comprehensive due diligence will be central to identifying and mitigating risk across the Bank’s portfolio.

This is a collaborative role, as you will work closely with the VP, IRC, VP, Structured Finance, Account Managers, and Assignors to ensure appropriate standards and compliance protocols are met.

Primary Responsibilities

• Audit tranches for compliance with approved legal and security content and structural parameters for each Assignor.
• Follow documented procedures for Assignor audits, which includes identification and follow-up protocols for deficiencies or issues.
• Participate in the funding audit cycle, with an emphasis on ensuring that Assignor Portfolios are in compliance with approved policies and parameters.
• Prepare funding packages while ensuring that all documents have been obtained (e.g., purchase summaries and waivers), are signed and dated as required.
• Identify and flag contracts or transactions that do not meet the eligibility requirements of the program.
• Communicate audit findings clearly while ensuring that responses adequately identify the risks and/or issues.
• Maintain detailed records of tranche due diligence findings and decisions.
• Monitor exposures within each Assignor's program to ensure compliance with MPSA requirements.
• Ensure funding packages are complete, signed off, and submitted in a timely manner to ensure same-day value of wire transfers.
• Assist with improving efficiencies in the audit process of each Assignor.
• Provide support to the reporting and credit teams as needed.

Qualifications

• Business degree or related post‑secondary education, and/or relevant work experience.
• Basic understanding of financial services and foundational risk concepts.
• Experience and understanding of US and CAD securitization and leasing would be an asset.
• Advanced computer skills, particularly Microsoft Office products, and the ability to learn new systems.
• Self‑starter with strong time‑management skills and the ability to multi‑task.
• Excellent critical thinking skills.
• Strong interpersonal and business communication skills.
• Meticulous attention to detail.
• Sound judgment with the ability to independently problem‑solve.

Benefits

• A positive team‑based work atmosphere that promotes collaboration and career advancement.
• Competitive compensation package including base salary, an incentive award and pension supplement program.
• An outstanding benefit program.
• Tuition refund program.
• Fitness club membership.

Equal Employment Opportunity

At VersaBank, we are committed to fostering a diverse, inclusive, and equitable workplace. We encourage applications from individuals of all backgrounds, including persons with disabilities, Indigenous persons, members of visible minorities, women, LGBTQ+ individuals, and other underrepresented groups. We believe that diverse perspectives strengthen our organization, and we strive to create an environment where everyone has an equal opportunity to succeed. We also encourage candidates with different abilities, relevant alternative expertise, or experience who can perform the essential and critical functions of the job, with or without support. If accommodations are required, we are dedicated to providing the necessary support to ensure full participation. VersaBank is an equal opportunity employer and complies with all applicable accessibility laws and regulations.