Bilingual Credit Risk Analyst

Questrade Financial Group•Toronto, ON

7d•CA$80,000 - CA$90,000•Hybrid

About The Position

Questrade Financial Group (QFG) is seeking a Bilingual Credit Risk Analyst to join their team. This role is responsible for executing the Quality Control (QC) program for residential mortgages, ensuring loans are underwritten according to the company's risk appetite and established policies. The analyst will also review defaulted loans, identify questionable lending decisions, and propose recommendations. The position requires expert-level data analytical skills to identify emerging risk indicators and a comprehensive understanding of OSFI Guideline B-20. The role involves collaborating with the Residential Lending department while maintaining independence for accurate reporting.

Requirements

Professional fluency in both English and French (written and verbal).
5+ years in Alt-A mortgage underwriting
A minimum 3+ years of direct Quality Control experience.
Demonstrated expertise in residential mortgage underwriting practices, including adherence to Guideline B20 and income documentation requirements.
Strong working knowledge of KYC, AML, and ATF regulations.
Proficiency in report preparation using G Suite and Microsoft Office.
Advanced analytical, logical thinking, and data analysis skills.
Exceptional interpersonal and communication skills to effectively manage 2nd/1st Line dynamics.
High attention to detail and ability to meet tight deadlines under pressure.
Look for opportunities to achieve business goals and reframe challenges as opportunities.
Take full ownership of deliverables with honesty and integrity.
Act as a strong team player who builds healthy working relationships.

Responsibilities

Executing post-funding QC reviews on residential loans following established procedures.
Conducting specialized reviews on Early Payment Defaults and investigating questionable lending decisions.
Delivering monthly written QC results and reporting to Business Units and Senior Management.
Utilizing a risk-based approach to select portfolio-level loan data for review.
Monitoring and tracking all policy exceptions and ensuring required file remediations are completed.
Proactively detecting emerging risk indicators and proposing improvements to procedure manuals and Quality Control (QC) protocols, ensuring agility in response to a dynamic regulatory landscape.
Developing a comprehensive understanding of Questbank's lending policies and regulatory requirements.
Recommending revisions to Quality Control protocols and credit procedures, ensuring alignment with industry best practices.
Updating and maintaining the Credit Risk Quality Control Procedure Manual.
Ensuring all files adhere strictly to AML/ATF and "Know Your Client" (KYC) regulatory requirements.
Proactively identifying potential violations of internal policies or operational risk controls.
Ensuring adherence to the bank's policies and procedures regarding compliance and operational risk controls.
Providing ongoing guidance to business units to ensure adherence to written procedures and policies.
Assisting in developing training tools and resources for residential underwriting teams.