Senior Credit Underwriting Analyst - Regina, Canada - Equitable Bank

Description

The Work

The primary focus of this position is to perform the residential portfolio underwriting process from third party origination channels. Specific responsibilities include, but is not limited to, the following:

Recommending\Approving the purchase\Renewals of Single-Family Residential Mortgages originated from third party partnerships and Concentra's Legacy direct lending business:

Review and analyze Alt-A residential mortgage loans credit file documentation (credit reports, income/employment documentation and funding docs, etc.) to assess application in accordance with Residential Mortgage Underwriting Guideline and other relevant policy/guideline and procedures.

The Senior Credit Underwriting Analyst makes credit recommendations/approvals on individual mortgage deals reviewed in line with current delegated authority limits.

Review mortgage data accuracy/integrity to ensure the information is consistently captured and documented in accordance with internal standards.

Analyze and validate all reported observations and provide detailed and accurate documentation to substantiate findings.

Builds and maintains relationships with both internal and external stakeholders:

Prioritizes applications and workflow to ensure consistent and sound risk assessments are maintained while managing high volumes and a continued focus on service excellence

Establishes and maintains positive relationships with mortgage originators to build loyalty to the Bank

Provide excellent customer service to other departments and third-party originator through professional written and verbal communication.

Designs, implements, and prepares reports, papers, plans, dashboards and templates for clients, senior management and multiple internal committees

Working closely with internal departments to provide feedback and support recommendations to continually improve the effectiveness and efficiencies on internal processes

Develops, implements, documents and evaluates processes and procedures across credit portfolios with internal teams

Stays current with latest industry knowledge, competition, and market trends

Helps support and maintain a robust fraud and compliance environment as an active and engaged member of the Banks first line of defense.

Ensure that a UAR (Unusual Activity Report) is submitted on loans suspected of containing fraud and perform risk assessments on a broader scale, when identified.

Assist in the identification of new and evolving fraud trends or systematic issues and patterns.

Timely escalation/reporting of any evidence of fraud identified through detailed review which may impact other areas of the business.

Assists with portfolio risk management practices and reporting, ensuring compliance with lending policies and procedures

Ensures disciplined execution of applicable corporate credit policies, strategies and market best practices

Assesses third party originator performance and accuracy by reviewing loan decisions for residential mortgages

Provides input and support to the support internal\external audits and annual servicer reviews

Monitors action plans for fraudulent/watch list accounts in adherence to internal

Let's Talk About You

University degree or equivalent - preferably in finance, business, or a related field

A minimum of three to five years in a related role pertaining to residential mortgage origination (underwriting and operational).

Sound knowledge and understanding of Alt-A products, operations, processes, services, systems and associated risks and controls.

Demonstrated ability to review residential mortgage documentation, audit, perform analyses, validate, and document potential risk to determine course of appropriate corrective action and/or make recommendations of such action.

Extensive knowledge of underwriting best practices and apply them to their day-to-day work.

In depth understanding of Residential Mortgages underwriting processes and requirements.

Sound understanding of Mortgage related regulatory requirements (OSFII B20, AML/ATF), and Mortgage Insurer requirements (CMHC, Genworth)

PC skills including Microsoft Outlook, Word, Excel, Power Point, related applications, and other software applications used within the organization.

Excellent organizational skills and ability to complete responsibilities in a busy and time sensitive environment.

Strong analytical skills.

Strong verbal and written communication skills.

Attention to detail and an ability to identify potential problems within files.

Self-motivated.

Strong interpersonal skills.

Work effectively in a team setting to accomplish goals and complete tasks.

What we offer [For full-time permanent roles] Competitive discretionary bonus Market leading RRSP match program Medical, dental, vision, life, and disability benefits Employee Share Purchase Plan Maternity/Parental top-up while you care for your little one Generous vacation policy, personal days and even a moving day Virtual events to connect with your fellow colleagues Annual professional development allowance and a comprehensive Career Development program A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience