Analyst, Quality Assurance - Toronto, Canada - RFA Bank of Canada, RFA Mortgages Corp.

RFA Bank of Canada, RFA Mortgages Corp.
RFA Bank of Canada, RFA Mortgages Corp.
Verified Company
Toronto, Canada

2 weeks ago

Sophia Lee

Posted by:

Sophia Lee

beBee Recruiter
Description

RFA's residential mortgage lending business is operated by RFA Mortgage Corporation and RFA Bank of Canada, a federally regulated Schedule I Bank.

RFA Mortgage Corporation specializes in Prime lending (Insured, Insurable, Uninsurable), while RFA Bank of Canada is a balance sheet based Alternative mortgage lender (Alt-A and B lending).

Combined, RFA offers mortgage brokers a one-stop shop with our full suite of competitive Prime and Alternative mortgages.

RFA's strategic vision is to be a long-term leader in the residential lending segment by offering a value proposition beyond just rate and compensation.

Through building a competitive broker experience and solutions-oriented product suite, RFA's goal is to be recognized and recommended by our mortgage broker partners, mortgagors, and other strategic partners, for our financing solutions and broker/client experience.

The Opportunity

  • Ensure post fund reviews are conducted regularly as required in a timely, efficient, and objective basis. Focus will be on identifying and assessing risks (Credit, Funding, Compliance, AML) within established SLA's.
  • Ensure prefunding reviews are conducted on all designated/delegated files within corporate mandates prior to funding with a focus on identifying and assessing risks (Credit, Compliance, AML) within established SLA's.
  • Provide guidance and recommendations to management and related stakeholders on credit issues, findings, and trends.
  • Assist in new mortgage originator post fund reviews and provide analysis as per mandate.
On occasion, assist in preparing, reviewing, and analyzing external audit files.

  • Review, when required, serious delinquent accounts and provide summary of findings/prepare document package.
  • Maintain the integrity of the information input into Kairos QA and make recommendations for improvements.
  • Perform other responsibilities and assist with special projects, as required.
Operational Efficiency and Risk Management

  • Escalate files with higher risk (Credit, Compliance, Operational) as directed in RFAMC procedures and policies.
  • Refer any files to management where perceived misrepresentation appears to be evident.
Ensure number of files reviewed meets corporate minimum sampling requirements.

  • Recommend changes for updates to workflow improvements, guideline clarification/modifications, and fraud initiatives.
  • Participate in preparing/assisting in executive presentations related to Quality Assurance initiatives as required.
Regulatory & Compliance

  • Complete all regulatory and compliance and risk management training.
  • Comply with requirements as set by the Compliance function and external regulatory bodies.
  • Act in accordance with the company's Boardapproved risk appetite and tolerance for risk.

What you can bring to RFA:

  • Minimum 5 years in Residential Mortgage / Lending Adjudication experience with strong knowledge in credit, risk, and fraud detection.
  • Post-Secondary education in a related discipline (business, audit).

Benefits of Working at RFA:


  • Health & Dental Care
  • Vision Care
  • RRSP Match
  • Vacation & Personal Days
  • Hybrid working environment
  • Comprehensive knowledge of mortgage operations, credit/insurer policies, including credit principles, practices, processes, products, services.
  • Proficient in risk management practices and fraud procedure/prevention strategies.
  • Welldeveloped communication skills, verbal and written, sufficient to provide clear and detailed explanation and interpretation of information, analysis, and recommendations.
  • Self Driven, motivated with the ability to operate independently and in a team environment.
  • Excellent organization and time management skills.
  • Can work under pressure within multiple and/or sometimes conflicting deadlines.
Accessibility
Accommodation is available upon request for applicants and employees with disabilities.

If you are contacted for a job opportunity, please advise us of any accommodations needed to ensure you have access to a fair and equitable process.

Any information received relating to accommodation will be addressed confidentially.
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