Senior Analyst, Commercial Real Estate Risk, Enterprise Risk Management - RFA Bank of Canada

RFA•Toronto, ON

6d•Hybrid

About The Position

RFA Bank of Canada, a division of RFA (Realty Financial Advisors), is a federally regulated Schedule I Bank. Our goal is to be a long-term leader in the residential lending market by offering more than just competitive rates and compensation. At RFA Bank of Canada, we focus on delivering a unique value proposition in the Alternative mortgage space, committed to innovation and exceptional service to meet a diverse range of borrower needs. We’re looking to fill a Senior Analyst, CRE ERM position at RFA Bank of Canada! The Senior Analyst will directly assist the Senior Director in the governance, portfolio management, decisioning support, risk monitoring and management of the CRE Balance Sheet portfolio of borrowers in the Commercial Real Estate (“CRE”) segment for the Bank. The Senior Analyst is responsible for overseeing key portfolio management and reporting programs supporting the Senior Director in ensuring that the organization, its Senior Management and Board have full insight into the portfolio, credit, policy, guideline performance and adherence.

Requirements

3-5 years of relevant banking experience in any one or all of the following areas: Commercial Credit; Commercial Real Estate; Credit Portfolio Monitoring and Management, and Credit Risk adjudication.
Undergraduate degree in business, finance, economics, engineering, or other related fields.
Overall knowledge and understanding of a regulated Bank’s lending policies and practices, including risk appetite framework and risk rating requirements related to Bank’s Commercial Real Estate activities.
Exceptional analytical skills, financial analysis with the ability to navigate diverse financial information and reporting.
Strong knowledge of OSFI regulatory requirements in the Banking sector related to liquidity risk, credit risk, capital management, stress testing model risk, recovery plan, and other relevant regulatory guidance.
Highly competent with Microsoft Office (Word, Excel, PowerPoint) including macros.

Nice To Haves

Preference will be given to applicants with Commercial Real Estate lending/credit experience.
Credit Training or Certifications such as CFA considered an asset.
Ability to execute under tight timelines, while maintaining standards for accuracy and completeness.
Ability to independently understand and challenge data used in reporting.
Ability to generate risk-based reporting for monitoring oversight, and provide meaningful written summaries on trends along with horizon risks.
Excellence in organizational and project management skills with the ability to prioritize, balance conflicting tasks, and manage internal and external stakeholders.
A demonstrated willingness and enthusiasm to be a team-player, and to embrace the challenge of working in a lean and fast-paced environment in a growing organization.
An ability to effectively manage interpersonal relations across functions and entities in conflicting and competing environments.
Strong negotiation, presentation, and facilitation skills.
An ability to confidently and competently act as a change agent.
Excellent interpersonal and communication skills, both written and verbal.

Responsibilities

Assist in monitoring, tracking, identifying and reporting on key risk measures for the portfolio, loan performance, policy management and regulatory initiatives.
Gather and prepare data for required regulatory reporting on the CRE conventional portfolio that must meet mandatory monthly or quarterly deadlines or as requested.
Contribute to the review of CRE conventional loan applications, annual reviews, extensions, assumptions or as requested.
Perform post origination follow up for completion of approval conditions on both CMHC insured multi-unit loan applications and CRE conventional loans.
Gather, verify, and summarize data on the CRE conventional and CMHC insured loan portfolios for internal and ad hoc reporting, including commentary, to meet monthly and quarterly deadlines or as requested.
Support the maintenance of internal information systems for both CRE conventional and CMHC insured multi-unit loans.
Perform independent and effective reviews within tight timelines for the origination of CMHC insured multi-unit loan applications, including risk rating.
Monitor post origination, for compliance with CMHC COI covenants which will include risk rating updates.
Perform quality assurance of loan applications & annual reviews to ensure adherence to policies, guidelines and procedures.
Annually update the Bank’s approved appraiser list or similar lists, for approval.
Gather CRE industry information including market statistics and prepare reporting on same.
Contribute to and track action items and target dates to address internal audit and external audit findings, risks arising from business or other changes, risk events, and emerging risks.
Support in the preparation and updating of the inventory of operational and compliance risk metrics and controls (i.e. RCSA, EUC, and KRI).
Assist in maintaining, updating, revising or creating CRE related policies, guidelines, and procedures.
Perform periodic assessments to validate policy and guideline compliance on an ongoing basis to ensure that proper controls are in place and risks are appropriately mitigated.
Fosters a culture of collaboration, integrity, compliance, and internal control throughout the Bank.
Proactively identify risks in the portfolio both existing and emerging.
Effectively discharges other duties and responsibilities as may be assigned from time to time by the Senior Director.