Credit Risk Analyst

We are currently seeking a Credit Risk Analyst to join our team.

The Credit Risk Analyst is responsible for the critical loan monitoring and credit risk management support of the overall Tru Cooperative Bank (Tru) commercial banking portfolio. The Analyst performs a variety of duties including completing foundational work, tracking and reporting of annual reviews; coordinating the receipt and analysis of the regular reporting information including the year-end financial statements; completing the monthly and quarterly margining worksheets; and conducting the regular Quality Assurance Audit. This position will regularly liaise with the commercial banking team, RCO and CLA.

Here’s what would be included as a part of your typical day

1. Risk Management : Completes foundational work to assist CBAs for annual reviews on commercial accounts > $500k and completes annual reviews on commercial accounts < $500k ensuring all terms and conditions are satisfied for all annual reviews. This includes follow up for outstanding items and solicits input from commercial banking unit staff for inclusion in the annual review. This role will be accountable to ensure the expiry ratio is at or below the corporate target as set out in the Commercial Lending Guidelines.
2. Loans Origination Process : Completes required paperwork for new credit applications\amendments, ensuring all supporting documentation is in place, attached to the application, and forwarded to the correct level for approval. Ensures required information from financial statements is entered into loans origination system. All the necessary searches are pulled, documented and saved.  
3. Financial Analysis: Completes analysis of financial statements and identifies any potential issues or concerns. Researches industry reports and analyzes market data related to specific credit applications, as required.
4. Documentation Confirmation: Reviews existing loan and security documentation is in place, complete, accurate and stored in the applicable folders while in the member folder or Digital File Room. Obsolete information is to be removed and stored in accordance with the Tru Record Retention policy.
5. Credit Quality : Conducts and administers the quarterly Quality Assurance (“QA”) review process for commercial credit facilities as mandated in the credit union’s lending guidelines. Provides a comprehensive report on the audit results to the regional credit leads upon the completion of each audit cycle. Follows up on the completion of all action items recommended to rectify deficiencies identified during the audit of commercial credit facilities. 
6.   Security Monitoring: Administers and performs the ongoing margining function including gathering information from members, completing the security valuation, updating the lending value, and reporting out to the CBUs and RCO.
7. Reporting and Tracking: Ensures the necessary information and reports are updated, tracked and stored in a central location that is accessible to all the key stakeholders and end users.

Required Skills, Experience & Qualifications

• Diploma in a related discipline required; bachelor’s degree preferred
• 4 years’ related experience in portfolio management, loan administration, financial analysis, and customer service required
• Preferred experience:
  • Proven knowledge and skills in financial statement analysis
  • Foundational lending experience and credit risk management 
  • Previous knowledge of commercial lending policies, procedures, products and services 
  • Working knowledge of relevant legislation and statutory requirements influencing the granting and collection of commercial credit
• Self‐starter with ability to work independently and solve problems using common sense and sound judgment
• Strong attention to detail and a high degree of accuracy 
• Strong work ethic and demonstrated resourcefulness in execution of daily activities
• High degree of digital literacy
• Advanced knowledge Microsoft Office Applications, specifically MS Excel and Word
• Demonstrated effective time management and organization skills with the ability to multi-task
• Proven effective communication skills both verbal and written
• Typing skill is essential with the ability to type at a minimum of 40 WPM
• Proven ability to plan, organize and prioritize workload
• Displays an understanding of risk and risk ownership by being able to demonstrate adherence to policies and procedures.