Associate, Execution - National Client Group

National Bank of Canada; Vancouver; Hybrid; CAD 70,000 - 110,000; Full time

Benefits offered by this job

Health and wellness program

Flexible group insurance

Generous pension plan

Employee Share Ownership Plan

Employee and family assistance program

Preferential banking services

Involvement in community initiatives

Telemedicine service

Virtual sleep clinic

Job summary

National Bank of Canada is seeking an Associate, Execution in Western Canada. Based in Calgary or Vancouver, you will underwrite, manage a client portfolio and participate in transaction execution to deliver complex financing solutions to large private businesses, public corporations and PE-backed entities.

You’ll develop credit judgment, prepare underwriting materials, and work with senior team members in a hybrid setting with travel for client meetings.

Qualifications

• Bachelor's degree required in accounting, business, economics, finance or related field.
• 2–5 years in commercial banking, corporate banking or related fields.
• CFA/CPA/CBV progress is a strong asset.
• Experience in credit underwriting, financial modelling and credit submissions.

Responsibilities

• Underwrite and manage a portfolio of clients; perform annual reviews, covenant monitoring and risk ratings.
• Prepare credit analyses, financial models, borrower risk ratings and underwriting materials.
• Conduct detailed financial analysis, cash flow, capital structure reviews and risk evaluations.
• Present and defend credit recommendations to Credit Risk Management and stakeholders.
• Lead transaction structuring discussions and coordinate due diligence and close support.
• Collaborate with internal teams and external advisors to execute financing transactions.

Skills

Accountability

Client-focused

Communication

Emotional Intelligence

Learning Agility

Listening

Teamwork

Education

Bachelor's degree in accounting/business/economics/finance

Progress toward CFA/CPA/CBV asset

Tools

Excel

Copilot

Word

PowerPoint

Job description

A career as an Associate, Execution with the
National Client Group, Western Canada means joining a high-performing team
dedicated to delivering relevant and timely financial solutions that support
the growth of some of Canada's leading businesses. We are collaborative
professionals who work together to provide financing solutions to large private
companies, public corporations and private equity-backed businesses across a
broad range of industries.

Based in either Calgary, Alberta, or
Vancouver, British Columbia, and reporting to the Head of Credit Execution,
Western Canada, you will contribute to the management of a portfolio while
actively participating in credit underwriting, portfolio management and
transaction execution activities. You will further develop the technical
expertise and credit judgment required to manage increasingly complex financing
opportunities.

This position represents the first fully
accountable Credit Execution role within National Client Group, Western Canada
and provides the opportunity to further develop the underwriting, execution and
credit judgment skills required to progress into more senior positions.
Associates are responsible for preparing underwriting analysis and credit
recommendations, managing portfolio responsibilities, interacting with Credit
Risk Management and contributing to transaction structuring discussions
alongside senior team members while supporting the delivery of complex
financing solutions to clients.

Working hours are dictated by portfolio and
transaction demands under a hybrid work environment with both days in the
office and at home. Occasional travel for client and team meetings will be
required.

Your Job:

• Assume primary underwriting responsibility for an assigned
  portfolio of clients, including annual review completion, covenant
  monitoring, risk rating maintenance, portfolio quality assessments and
  identification of emerging credit risks.
• Support National Client Group, Western Canada team members
  (Execution and Relationship Management) in managing and growing a portfolio
  of relationships across both bilateral and syndicated lending mandates while
  supporting broader team initiatives.
• Independently prepare credit analysis, financial models,
  borrower risk ratings and underwriting materials for annual reviews,
  renewals, amendments and new lending opportunities.
• Perform detailed financial analysis, cash flow assessments,
  capital structure reviews and borrower performance evaluations to identify
  key risks, develop well-reasoned underwriting recommendations and prepare
  comprehensive credit submissions in support of new lending opportunities,
  amendments, annual reviews and other portfolio requests.
• Present and defend credit recommendations to Credit Risk
  Management while incorporating feedback into transaction structures and
  approval materials.
• Participate in transaction structuring discussions involving
  leverage, covenant design, collateral packages and other credit risk
  mitigation measures.
• Manage assigned transaction workstreams, including financial
  analysis, due diligence coordination, borrower risk assessments, internal
  approval materials, documentation review and closing support.
• Work closely with advisors, private equity sponsors, legal
  counsel and internal banking partners (including Loan Syndications, Debt
  Capital Markets, Equity Capital Markets, Treasury, Derivative Solutions
  and M&A) to execute financing transactions and complete required due
  diligence activities.
• Maintain ongoing dialogue with clients and internal
  stakeholders regarding financial reporting requirements, covenant
  compliance and portfolio monitoring matters.
• Work collaboratively with, and provide day-to-day guidance to,
  Analysts on financial analysis, portfolio monitoring activities and
  preparation of credit-related materials.
• Leverage Excel, Copilot and other productivity tools to improve
  analytical quality, underwriting efficiency and transaction execution processes.

Your Team:

National Client Group, Western Canada
serves some of Canada's largest and most sophisticated clients across a broad
range of industries. Our team distinguishes itself through its expertise in
complex financing transactions, strong client relationships and collaborative approach to delivering tailored banking solutions. The portfolio consists of large private businesses, small to medium-sized public companies and private equity-backed organizations operating across diversified industries and financing structures.

As an Associate, you will collaborate
closely with senior professionals while taking meaningful ownership of underwriting, portfolio management and transaction execution responsibilities. You will be part of a high-performance culture that values teamwork, continuous learning and professional development.

National Client Group is committed to supporting professional growth through a combination of formal training,
mentorship and hands-on experience. This position offers a clear pathway toward more senior roles while providing exposure to a broad range of commercial banking, financing and advisory activities. You will continue to develop the technical expertise and credit judgment required to manage increasingly complex transactions.

Basic Requirements:

• Hold a Bachelor's degree in accounting, business, economics,
  finance or a related field.
• 2 to 5 years of experience in commercial banking, corporate
  banking, leveraged finance, corporate finance, credit underwriting,
  financial advisory or a related field.
• Progress toward completion of, or completion of, professional designations such as CFA, CPA or CBV is considered a strong asset.
• Demonstrated experience performing credit underwriting,
  financial modeling, borrower risk assessments and preparation of credit submissions for corporate or upper mid-market clients.
• Strong understanding of financial statement analysis, cash flow lending, credit structuring and syndicated and bilateral financing transactions.
• Experience managing annual reviews, amendments, renewals and ongoing portfolio monitoring responsibilities.
• Ability to analyze complex information and formulate well-reasoned credit recommendations.
• Strong written communication skills with an ability to prepare clear, concise and well-reasoned credit submissions and recommendations.
• Demonstrated proficiency using Excel, Word, PowerPoint, Copilot and other productivity tools to support financial analysis, credit underwriting, portfolio management and transaction execution.
• Strong organizational skills with the ability to manage multiple priorities and deadlines in a fast-paced environment.
• Strong interpersonal and communication skills with an ability to establish credibility with internal stakeholders, clients and external advisors.

Languages

• English

Required skills

• Accountability
• Client-focused
• Communication
• Emotional Intelligence
• Learning Agility
• Listening
• Teamwork

Your benefits

In addition to competitive compensation, upon hiring you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family such as:

• Health and wellness program, including many options
• Flexible group insurance
• Generous pension plan
• Employee Share Ownership Plan
• Employee and family assistance program
• Preferential banking services
• Involvement in community initiatives
• Telemedicine service
• Virtual sleep clinic

We have an offer that keeps up with trends as well as your needs and those of your family.

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We value employees' ideas. Whether through our surveys or programs, regular feedback and ongoing communication are encouraged.

Making a bold move in a people-first environment

We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on people's lives. Our core values of partnership, agility, and empowerment inspire us, and inclusion is central to our commitments. We aim, wherever possible, to provide a barrier-free and accessible environment to all employees.

We strive to provide accessibility measures throughout the recruitment process within the limits of our available resources. If you require accommodations, feel free to let us know during our initial conversations. We welcome all candidates! What can you bring to our team?