VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $4.9 billion in assets and growing. As Canadas most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses.

VersaBanks Common Shares trade on the Toronto Stock Exchange (TSX) and Nasdaq under the symbol VBNK. Our head office is in London, Ontario, with various offices located across Canada. For more information on VersaBank, please visit our website atwww.versabank.com.

We are looking for an Analyst to join the Investment Risk & Control (IRC) team. This role is located in London, Ontario and will work out of our VersaBank Innovation Centre of Excellence (VICE) office.

As an Analyst, you will directly support the stability and growth of the Banks high-performing product offerings while focusing on commercial equipment risk analysis, legal documentation review, transaction processing, audit and portfolio management. Yourinsights relating to financial statements, commercial credits, and collateral analysis, will help guide key decisions on lease and loan transactions. Additionally, your ability to conduct comprehensive due diligence will be central to identifying and mitigating risk across the Banks portfolio.

This is a collaborative role, as you will work closely with the VP, IRC, Account Managers, Team Leads, and Sellers to ensure appropriate standards and compliance protocols are met.

Primary Responsibilities include:

• Participate in the Receivable Purchase Program and funding audit cycle, emphasizing commercial credit and/or documentation review for Seller portfolios to ensure adherence to approved policies and MPSA parameters.

• Identify and flag contracts included in a purchase request or transactions that do not meet the eligibility requirements of the program and escalate for further review.

• Communicate clearly audit findings and ensure that responses adequately identify the risks and/or issues highlighted.

• Maintain detailed records of tranche due diligence findings and decisions.

• Monitor exposures within each Sellers program to ensure compliance with MPSA requirements.

• Ensure funding and/or credit packages are complete, signed off, and submitted
  in a timely manner to ensure same-day value of wire transfers.

• Assist with improving efficiencies in the audit process of each Seller.

• Provide support to the commercial funding, reporting, and Credit teams as needed.

• Other duties as assigned.

What we are looking for:

• Business degree or related post-secondary education and/or relevant work experience.

• A minimum of 3 years of experience in commercial equipment underwriting, lease analysis and loan purchase due diligence a similar or related role.

• Experience and understanding of US and CAD securitization and leasing would be an asset.

• Exposure to legal documentation related to commercial leases or loan sales.

• Strong organizational skills with the ability to prioritize tasks and delegate effectively.

• Advanced computer skills, particularly Microsoft Office products, and the ability to learn new systems.

• Self-starter with strong time management skills and the ability to multi-task.

• Excellent critical thinking skills.

• Strong interpersonal and business communication skills.

• Meticulous attention to detail.

• Sound judgment with the ability to independently problem-solve.

What we offer:

• A positive team-based work atmosphere that promotes collaboration.

• Competitive compensation package including base salary, an incentive award and pension supplement program.

• An outstanding benefit program.

• Tuition refund program.

• Fitness club membership.

Application process:

If working for a 'non-traditional' bank with an entrepreneurial flair appeals to you, we encourage you to apply. We thank you for taking the time to apply. Please be advised that only those applicants selected for an interview will be contacted.