Risk Management Analyst

DUCA Financial Services Credit Union Ltd.; Toronto; On-site; CAD 64,000 - 80,000; Full time

Job summary

Join a leading credit union as a Risk Management Analyst, providing support to the Commercial Lending portfolio. In this role, you'll perform credit adjudication, oversee quality assurance, and help evaluate financial documentation to manage risk effectively. DUCA offers a collaborative environment and opportunities for professional growth.

Qualifications

• 1-3 years' work experience in commercial or real estate lending.
• Experience with financial statement analysis is essential.

Responsibilities

• Assist in end-to-end adjudication process for credits.
• Review due diligence documents and conduct financial analysis.
• Prepare reports for management and coordinate projects.

Skills

Financial statement analysis

Interpersonal skills

Critical thinking

Attention to detail

Problem-solving skills

Client-focused mindset

Education

Undergraduate degree in Business, Finance or related field

Post-graduate degree or related designation (CFA, FRM, CA)

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Job description

We’re a vibrant, exciting credit union that lives its "profits with a purpose" philosophy in every financial transaction, product, interest rate, and community initiative we offer. Founded in 1954, DUCA has grown from a single branch credit union in Toronto to 19 branches across Southern Ontario with over 85,000 Members we are proud to serve.

We exist to help People, Businesses and Communities Do More, Be More, and Achieve More .

DUCA () is the fastest organically growing large Credit Union in Canada distinguished for the following :

• Positive, un-big bank like service experience delivered through Member-facing staff in branch, on the phone (Member-Connect) and via our Mobile mortgage specialists, Wealth Management advisors and Commercial and Business Banking Account Managers.
• Competitive rates.
• Personalized financial solutions, guidance, and service with the lowest possible fees for both Personal and Business Members.
• Profit sharing among Members.
• Multiple ways to bank—online, mobile app, phone / full-service Member Connect Contact Centre, and, of course, in-branch—DUCA is accessible 24 / 7
• A community philosophy of “profits with a purpose” culminating in the creation of the DUCA Impact Lab (), a charitable foundation committed to helping the credit challenged and underbanked. This led to DUCA's designation as a B-Corp certified organization, the first ever credit union to receive this global recognition.

A career with one of Canada’s fastest growing credit unions means you’ll find endless opportunities to make a difference with your unique abilities and perspectives. Our people live their purpose while helping others Do more, Be more and Achieve more with their money and their lives. At DUCA, you’ll be part of a vibrant and collaborative team where you’ll be supported to excel and make an impact, no matter what role you play.

DUCA is looking for a Risk Management Analyst to join our growing team!

Job Purpose & Summary

Reporting to either the Director or Senior Manager, Commercial Credit, the Risk Management Analyst supports DUCA’s risk management program related to the Commercial Lending portfolio. This position provides commercial credit adjudication support, quality assurance analysis, portfolio monitoring, reporting, and project coordination. The Risk Management Analyst will review deals received from the Commercial Lending team, conduct analysis, and make recommendations on whether the deal is within DUCA’s risk guidelines.

Key Accountabilities & Duties

• Assist in the end-to-end adjudication process for new credits and annual reviews in accordance with DUCA credit policy and guidelines
• Review due diligence documents (e.g. appraisals, environmental reports, lease agreements, industry reports etc.), financial spreadsheets, risk rating, financial models and conduct sensitivity analysis
• Approve annual reviews and amendment requests as per delegated lending authority, currently up to $3MM
• Use sound credit judgment to assess, analyze, and present well-written recommendations for adjudication on new deals and annual reviews
• Check and review commitment letters and construction draw requests
• Undertake quality assurance reviews on the commercial credit portfolio, track audit action items, and coordinate with key stakeholders (lenders, funding team, analysts, adjudication team)
• Prepare reports and presentation for DUCA’s Management Credit Committee, leadership team, and Board of Directors as needed
• Coordinate various initiatives and projects for the Commercial Credit team

Occupational Experience & Education Requirements

• Undergraduate degree in Business, Finance, or a related field
• Post-graduate degree or other related designation (CFA, FRM, CA etc.) considered an asset
• 1-3 years’ work experience in commercial or real estate lending, or a related field
• Previous experience with financial statement analysis

Knowledge, Skills & Attributes

• Proficient with Microsoft Excel, Word, and PowerPoint
• Knowledge of different commercial lending products and sound lending practices
• Knowledge of the commercial real estate sector considered an asset
• Ability to analyze financial statements and perform meaningful financial analysis
• Ability to articulate complex problems into succinct analysis
• Strong interpersonal and collaboration skills
• Demonstrated critical thinking and problem-solving skills
• Strong attention to detail
• Excellent written and verbal communication skills
• Client-focused mindset and drive to do what is best for our Members

Working Conditions

Normal office environment

Department : Commercial Credit

Primary Location : Corporate Office - 5255 Yonge Street, North York, M2N 6P4

Employment Status : Full-Time

Salary : T he annual salary range for this position starts at $64,023. Actual annual base salaries will vary depending on relevant job-related factors such as experience, knowledge, skills, qualifications, and education / training. Depending on the position, DUCA’s total compensation package may include incentive compensation tied to company and individual performance or other benefits.

Number of Vacancies : 1

DUCA is committed to employment equity and encourages applications from all qualified candidates. Recruitment related accommodations will be provided upon request.

Qualified applicants are encouraged to submit their application. Applications must include a resume.

We thank all applicants but only those considered for an interview will be contacted.