Director, Structured Finance

Versa Bank is a North American bank, federally chartered in Canada and the United States through its wholly owned subsidiary, Versa Bank USA National Association. Operating with a branchless, business-to-business model, Versa Bank uses proprietary, leading-edge technology to address underserved segments of the financial industry with exceptional efficiency and a strong focus on risk mitigation.

Versa Bank obtains the majority of its deposits and conducts most of its lending electronically through financial intermediary partners. This model provides significant operating leverage, enabling exceptional efficiency and returns on common equity. In 2024, Versa Bank launched its Structured Receivable Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for over 15 years, to the US market, bringing an innovative funding solution to this sector.

Versa Bank's common shares trade on the Toronto Stock Exchange and Nasdaq under the symbol VBNK. For more information on Versa Bank, please visit our website at

We are seeking a Director or Senior Relationship Manager to join our Versa Bank USA N.A. Structured Finance Team. We are hiring for 1 position, however cross posting in the Greater Miami Florida Area, Greater Minneapolis Minnesota Area, and London Ontario Canada.

In this role, you will drive the stability and growth of the Bank’s high-performing product offerings within the US Structured Finance Program. You will leverage your strong client relationship skills and industry knowledge to originate, structure, underwrite, and manage complex receivable financing programs. This is not a traditional relationship manager role; you will have direct involvement in credit structuring, transaction execution, and portfolio performance monitoring, working on custom solutions for existing partners and new prospects.

• Lead the structuring and underwriting of new and existing receivable financing programs, combining elements of forward flow and securitization transactions within Versa Bank’s differentiated Structured Receivable Program.
• Design tailored transaction structures aligned with client needs and the Bank’s risk appetite.
• Prepare and present detailed credit applications, including risk identification, structural mitigants and complex modeling.
• Partner with senior stakeholders and Credit to support deal approval and execution.
• Manage a portfolio of structured transactions with full accountability for performance, growth and risk management.
• Monitor asset performance, covenant compliance, and credit quality across programs.
• Identify emerging risks and proactively recommend restructuring or risk mitigation strategies.
• Lead portfolio reviews, watchlist reporting, and ongoing credit assessments.

• Serve as a key point of contact for clients, working collaboratively to optimize and grow programs.
• Engage directly with counter parties to evolve funding structures and expand existing relationships.
• Address portfolio issues including delinquencies, maturities, and performance deterioration.

• Ensure all transactions comply with internal policies, credit standards, and regulatory requirements (including BSA/AML/KYC).
• Lead the legal documentation process with external legal counsel to finalize transaction structures and security.
• Work cross-functionally with Compliance, Credit, and Operations to support efficient deal execution.
• Contribute to enhancements in credit processes, policies, and structuring approaches.

• Deliver actionable portfolio insights through advanced analytics and reporting (Excel / Power BI).
• Provide senior management with data-driven perspectives on portfolio trends and performance.
• Support ongoing optimization of structured programs.

• Business degree or related post-secondary education.
• CFA, MBA, or equivalent professional designation or experience preferred.
• 5+ years in structured finance, with experience in forward flow facilities, receivables financing, or securitization markets strongly preferred.
• Background in banking, credit funds, fintech lenders, or structured credit platforms.
• Strong credit underwriting and structuring experience.
• Advanced financial analysis and modeling skills (Excel required, Power BI a strong asset).
• Ability to evaluate complex asset pools and transaction structures.
• Proven ability to manage both client relationships and credit risk.
• Strong commercial judgement and negotiation skills.
• Excellent communication skills with the ability to influence internal and external stakeholders and interpersonal skills.
• High degree of ownership and accountability in managing transactions.

Please note this list is not designed to cover or contain a comprehensive list of activities, duties, or responsibilities that are required for this job. Duties, responsibilities, and activities may change at any time with or without notice.

We offer excellent career advancement…