Senior Credit Analyst

National Bank of Canada; Montreal; Hybrid; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Health and wellness program

Employee Share Ownership Plan

Employee and family assistance program

Preferential banking services

Community involvement

Job summary

National Bank of Canada is seeking a Senior Analyst in Wealth Management, Credit Risk to monitor brokerage accounts and ensure compliance with credit policy and securities rules. The role involves risk assessment, reporting, and collaboration with portfolio managers to manage regulatory capital.

The position emphasizes strong analytical skills, knowledge of derivatives and CIRO guidelines, and the ability to provide sound risk guidance in a hybrid work environment with offices in downtown

Qualifications

• Bachelor’s degree in a related field or university certificate with relevant experience.
• Licensing to trade (options) is preferred.
• Familiarity with CIRO 5000 series and derivative strategies.
• Strong knowledge of financial products and portfolio management.
• Ability to work under pressure and negotiate effectively.

Responsibilities

• Monitor delinquent accounts daily in line with credit policy.
• Intervene with portfolio managers and brokers for risk control and regulatory compliance.
• Liquidate receivables when risk levels require action.
• Prepare, analyze and review daily, weekly and monthly reports.
• Support and advise partners on credit and risk issues.
• Produce monthly reports used to calculate clients’ regulatory capital.
• Escalate issues representing material financial, legal or compliance risk.

Skills

Delinquent monitoring

Credit risk analysis

Regulatory compliance

Client communication

Excel & Access

Education

Bachelor’s degree

University certificate/undergraduate diploma

Tools

Microsoft Excel

Microsoft Access

Job description

The Wealth Management, Credit Risk Management team is currently looking for a Senior Analyst. Its mission is to protect the company's capital and minimize business risk related to client transactions while ensuring compliance with credit policy, transaction settlement rules and the situation that will prevail in the various markets.

As a Senior Analyst, you will be responsible for monitoring and managing National Bank Financial’s brokerage accounts. You will need to intervene with portfolio managers/independent brokers to ensure compliance with the firm's credit policy and the rules governing the securities industry. Your work will also lead you to carry out simple and complex analysis scenarios to meet client requests with a view to sound risk management and minimize regulatory capital.

Your role:

• Daily monitor delinquent accounts in accordance with the credit policy and securities industry rules
• Intervene for all types of delinquent accounts and/or significant risks that could affect regulatory capital
• After analysing the portfolio and based on the level of risk, you will have to liquidate the receivables to bring them to an acceptable level
• Prepare, analyse and review various reports on a daily, weekly and monthly basis
• Support and advise our partners and clients on all credit and risk issues
• Produce, analyse and review the monthly report used to calculate clients' regulatory capital
• Report any problems that could affect capital and/or any situation that could potentially represent a material financial, legal or compliance risk to the senior leadership team in place
• Approve cash outflow requests for a significant amount after analysing the client's portfolio and ensuring that cash is available at the time of the request in accordance with industry rules
• Work closely with the various sectors in analysing files on all credit and risk issues
• Always offer excellent customer service

Your team:

This position reports to the Senior Manager – Wealth Management, Credit Risk and is a hybrid with offices located in downtown Toronto and Montreal.

The team values personal and professional development, empowerment and operates in a pleasant work environment.

We want to contribute to your quality of life by offering you as much flexibility as possible in your work. For example, we offer hybrid work (remote and in the office), work schedules to help you reconcile work and private life, and flexible leave that you can take when it's important to you.

Prerequisites:

• Bachelor’s degree in a related field and one year of relevant experience OR university certificate/undergraduate diploma and three years of relevant experience
• Have completed the following courses would be an asset: CSC, Introduction to derivatives and Options Trading, and the Conduct standards Manual
• A license to trade, including options, is preferred
• Be familiar with the 5000 Series of CIRO
• Knowledge of strategies and risks related to derivative strategies, particularly publicly traded options strategies
• Excellent knowledge of financial products
• Knowledge of portfolio management
• Knowledge of Microsoft Office tools, particularly Excel and Access
• Ability to work under pressure and negotiation skills

Languages:

Reason to require this language: you will need to discuss frequently with our service providers or partners who speak a language other than French.

Skills

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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
• Employee Share Ownership Plan
• Employee and family assistance program
• Preferential banking services
• Involvement in community initiatives
• 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?

Why work at National Bank?

For an environment that supports your career path

There are many varied opportunities for you to progress and develop, and move ahead in your career. This includes on-the-job learning and training, co-development and pairing with other employees, professional support and mentoring, internal career days or discussion forums with our leaders.

For an inclusive and diverse environment

We foster inclusion in an environment where each person’s unique qualities, whether visible or invisible, are celebrated and valued. We welcome all candidates! What can you bring to our team?

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