Senior Securitization Analyst

Job description

**Join a Challenger**At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions. We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences. **What's kept us moving?** The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward. If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We can’t wait to get to know you! ***The Work*** The Senior Securitization Analyst will be responsible for assisting with the effective and efficient administration and reporting of the Bank’s securitization programs. Responsibilities will include, but not limited to, assisting with the execution of new securitization issuances and ongoing administration, preparing monthly investor reports, accounting, and financial analysis. This role requires the individual to possess well-developed interpersonal and communication skills. The role will require comprehensive skills to interpret and analyze financial data. The Senior Securitization Analyst will work closely with internal and external stakeholders including the Bank’s Accounting group, Capital Markets, Admin, Funding and Treasury departments, CMHC, Computershare, strategic business partners, third party service providers, and the Bank’s external auditors. Strong organization and multi-tasking skills are a must. The individual should be able to work independently, take initiative, and have good attention to detail. ### Core Responsibilities The main activities of this position will be focused on the administration, accounting, reporting, and financial analysis of the Bank’s securitization activities. - Accounting for the issue and settlement of new NHA MBS pools. - Prepare monthly investor reporting such as CMHC 2840’s and payments to the Central Payor and Transfer Agent (CPTA). - Develop an understanding of and adhere to the Bank’s policies and procedures as it relates to compliance with CMHC’s NHA MBS and CMB Guidelines. - Develop an understanding of securitization profit calculations and accounting. Follow established accounting practices to ensure that the financial and operating reports accurately reflect the condition of the securitization business in accordance with accounting standards. - Key contributor to the financial statement close process through the preparation of monthly accounting schedules. - Assist in the preparation of month-over-month variance analysis in financial results and program profitability. - Respond to accounting inquiries, providing ad hoc analysis for use in management decisions. - Support compliance interactions with government agencies and external auditors, including reviews, audits and other communications. - Support new securitization initiatives by working closely with Capital Markets and other relevant stakeholders. - Interact with other departments and external stakeholders. - Identify opportunities for process improvement and assist in the implementation of recommended changes. Internal interactions may include but are not limited to: - Accounting group - Capital Markets - Treasury - Prime Single Family and Commercial Lending - Compliance and Internal Audit - IT, BA and Project Management - Financial Reporting - Financial Operations External interactions may include but are not limited to: - Strategic partners and service providers - CMHC - Computershare - External auditors - CDS ### Let's Talk About You! **Formal Education** - University/College undergraduate degree in Business Administration/Commerce; Accounting focus preferred. - Pursuing professional designation in Accounting (CPA). **Related Experience** - A minimum of 3 -5 years of experience in accounting or financial reporting at a financial institution. - Knowledge of/experience with CMHC sponsored NHA MBS and CMB securitization programs would be an asset. - Strong technical aptitude, with an understanding of cash flow modeling.