Senior Securitization Analyst

Eqbank; Toronto; Hybrid; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Competitive bonus

Market-leading RRSP match

Medical/dental/vision

Employee Share Purchase Plan

Parental top-up

Generous vacation

Career development

Job summary

EQ Bank in Toronto is seeking a Senior Securitization Analyst to support administration, accounting, reporting and financial analysis of securitization programs. You will prepare monthly investor reports and CMHC-related filings, and assist with close processes and profitability analyses.

You will interact with Accounting, Capital Markets, Treasury, and external auditors, ensuring compliance and driving process improvements in a fast-paced, hybrid work setting.

Qualifications

• Undergraduate degree in Business Administration/Commerce; accounting focus preferred.
• Pursuing CPA designation is encouraged.
• 3–5 years of accounting or financial reporting experience in a financial institution.

Responsibilities

• Assist with administration, accounting, reporting and financial analysis of securitization activities.
• Prepare monthly investor reports (e.g., CMHC 2840s) and CPTA payments.
• Support month-end close and variance analysis of results and program profitability.
• Respond to accounting inquiries with ad hoc analyses for management decisions.
• Collaborate with Capital Markets, Treasury and external auditors, ensuring policy compliance.
• Identify process improvements and assist implementation with stakeholders.

Skills

Analytical abilities

Interpersonal skills

Verbal and written communication

Organizational skills

Independent thinker

Process improvement

Education

Accounting-focused degree

Pursuing CPA designation

Tools

Microsoft Excel

Access

Word

Accounting systems

Job description

Join a Challenger

At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions. We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward. If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We can’t wait to get to know you!

The Work

The Senior Securitization Analyst will be responsible for assisting with the effective and efficient administration and reporting of the Bank’s securitization programs. Responsibilities will include, but not limited to, assisting with the execution of new securitization issuances and ongoing administration, preparing monthly investor reports, accounting, and financial analysis. This role requires the individual to possess well-developed interpersonal and communication skills. The role will require comprehensive skills to interpret and analyze financial data.

The Senior Securitization Analyst will work closely with internal and external stakeholders including the Bank’s Accounting group, Capital Markets, Admin, Funding and Treasury departments, CMHC, Computershare, strategic business partners, third party service providers, and the Bank’s external auditors. Strong organization and multi-tasking skills are a must. The individual should be able to work independently, take initiative, and have good attention to detail.

The main activities of this position will be focused on the administration, accounting, reporting, and financial analysis of the Bank’s securitization activities.

• Accounting for the issue and settlement of new NHA MBS pools.
• Prepare monthly investor reporting such as CMHC 2840’s and payments to the Central Payor and Transfer Agent (CPTA).
• Develop an understanding of and adhere to the Bank’s policies and procedures as it relates to compliance with CMHC’s NHA MBS and CMB Guidelines.
• Develop an understanding of securitization profit calculations and accounting. Follow established accounting practices to ensure that the financial and operating reports accurately reflect the condition of the securitization business in accordance with accounting standards.
• Key contributor to the financial statement close process through the preparation of monthly accounting schedules.
• Assist in the preparation of month-over-month variance analysis in financial results and program profitability.
• Respond to accounting inquiries, providing ad hoc analysis for use in management decisions.
• Support compliance interactions with government agencies and external auditors, including reviews, audits and other communications.
• Support new securitization initiatives by working closely with Capital Markets and other relevant stakeholders.
• Interact with other departments and external stakeholders.
• Identify opportunities for process improvement and assist in the implementation of recommended changes.

Internal interactions may include but are not limited to:

• Accounting group
• Capital Markets
• Treasury
• Prime Single Family and Commercial Lending
• Compliance and Internal Audit
• IT, BA and Project Management
• Financial Reporting
• Financial Operations

External interactions may include but are not limited to:

• Strategic partners and service providers
• CMHC
• Computershare
• External auditors
• CDS

Formal Education

• University/College undergraduate degree in Business Administration/Commerce; Accounting focus preferred.
• Pursuing professional designation in Accounting (CPA).

Related Experience

• A minimum of 3 -5 years of experience in accounting or financial reporting at a financial institution.
• Knowledge of/experience with CMHC sponsored NHA MBS and CMB securitization programs would be an asset.
• Strong technical aptitude, with an understanding of cash flow modeling.
• The ability to work independently and engage across the organization.
• Experience with the execution of complex financial reporting requirements, preferably securitization related.
• Experience in the mortgage industry and securitization preferred.
• Experience with data management and reporting systems.
• Experience in process development and controls management.

Specific Attributes

• Possesses strong analytical abilities and very detailed oriented
• Outstanding interpersonal skills with ability to build solid relationships with other members of Finance department, business unit representatives, and internal and external stakeholders
• Excellent verbal and written communication skills, with the ability to communicate clearly and concisely
• Strong organizational skills with the ability to prioritize multiple tasks, competing priorities and meet tight deadlines within a fast-paced environment
• Independent thinker and self-starter who will be able to work independently and exercise good professional judgment
• Ability to identify and drive process improvements, maintaining a strict control environment
• Proficient computer skills (advanced Microsoft Excel, Access, Word, and accounting systems)

What we offer [For full-time permanent roles]

• Competitive discretionary bonus
• Market leading RRSP match program
• Medical, dental, vision, life, and disability benefits
• Employee Share Purchase Plan
• Maternity/Parental top-up while you care for your little one
• Generous vacation policy and personal days
• Virtual events to connect with your fellow colleagues
• Professional development and comprehensive Career Development program
• A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from EQ Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.

Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger - and our people thrive - when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.

We provide a Barrier-free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.

EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.

To learn more, visit eqb.investorroom.com and eqbank.ca.