Job Posting Details

Securitization and Funding Analyst, Central 1 Credit Union

Location:Toronto, Ontario
Posting Date:July 25, 2018
Closing Date:until filled
Web Site:www.central1.com
Employment Type:Full-time

Company Description

When you’re passionate about what you do and where you work, the rest comes easy. That’s the culture at Central 1 Credit Union, and that’s precisely what we’re looking for from you. Supporting nearly 150 member credit unions across British Columbia and Ontario, we’re the backbone of the credit union system in both provinces – taking care of everything from online services and product development, to payment processing, trade association services and more.

Our team of over 600 employees represent some of the most innovative, passionate individuals you’ll ever meet; people who honestly care about the organization, its members and each other. In other words, people who love what they do.

Job Description

BASIC FUNCTION:

Central 1 has an opportunity for candidates of diverse backgrounds, particularly those in information and data sciences, looking to enter the field of finance and capital markets. This is a junior level role where the candidate is expected to have programming, data management, and workflow automation skillsets, and a desire to learn how to apply those skills in the financial sector through close mentorship.This role will be expected to help drive future business opportunities and continuously improve the supporting infrastructure.  S/he will work independently and as a member of highly skilled team.

The incumbent’s primary responsibility is to provide quantitative and analytical support to the expansion of a mortgage funding and securitization facility for Central 1 and its member credit unions. The incumbent will engage in the management and development of operational tools, financial modelling and risk related analytics.

The Securitization and Funding Analyst will be responsible for supporting the business line’s processes, systems and infrastructure through ongoing and new development of financial models, monitoring, reporting, and managing various systems. The Analyst is expected to assist in the deployment of data analytics, process automation initiatives and other projects for the business line.

SPECIFIC ACCOUNTABILITIES

  • Responsible for monitoring and developing reporting, managing systems and developing new tools/resources.
  • Develop database management infrastructure.
  • Automate pricing models and/or improve existing models.
  • Extract and manage data from Bloomberg, internal systems, and publicly available data sets as needed.
  • Working with technology vendors and related departments, and to assist in the development and expansion of systems and databases used by the department.
  • Develop analytics and reporting from these systems to support 30+ clients in their access to the securitization programs.
  • Identify and propose improvements to processes.
  • Provide support and analysis to assist in managing Credit Union re-investment to maximize their return and ensure compliance with CMHC regulation. 
  • Provide pricing and analysis for clients as required.
  • Responsible for monitoring and reporting risk exposures related to the Mortgage Funding and Securitization business line.
  • Act as a lead for questions regarding securitization from other business lines as well as Credit Unions when required.
  •  Manage external member communication related to market updates and pricing
  •  Client facing and responsible for ensuring client service excellence through back-to-front management of any conflicts and client requests.

Qualifications

  • At minimum, an undergraduate degree in finance, economics, computer sciences, math, or another quantitative subject is required. A Master’s degree in a related field is preferable.
  • 3-5 years’ experience/competence in a related role is preferred but not required if skillset is evident.
  • Knowledge of computer applications, strong competency in programming including R, VBA, and relational database management. Working knowledge of Python and other data-oriented languages including SQL is an asset.
  • Ability to lead and manage projects and process improvement initiatives for the department.
  • Working knowledge of mortgage funding, securitization and underwriting preferred.
  • Familiar with NHA MBS, CMB, ABCP, ABS structures and mortgage regulation.
  • Scrupulous attention to detail; strong analytical and problem-solving skills.
  • Ability to clearly and logically express himself/herself, both verbally and in writing.
  • Ability to work cooperatively with others, both within the department and in other areas (risk, mortgage operations and accounting).
  • Ability to show initiative, creativity and resourcefulness.
  • Experience working with credit unions and/or within the credit union system is an asset.

Additional Information

As much as we believe in working hard, we also believe in personal growth and taking time for ourselves. Accordingly, our total rewards philosophy amounts to one of the best compensation and benefits packages in the industry – from performance-based incentives and extended benefits, to training and education reimbursements and ample vacation time.

Central 1 is committed to diversity and inclusion. If you have a request for a disability-related accommodation, we will work with you to meet your needs.

Reporting to: Manager, Securitization & Funding Services

Grade: D

Date Posted: July 25, 2018

Internal applicants must apply by August 1, 2018

*Unsolicited resumes from vendors will not be accepted for this or any position at Central 1*