Senior Securitization Analyst

Join a Challenger
Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow, and today we serve more than 670,000 people across Canada through Equitable Bank, Canada’s Challenger Bank™, and have been around for more than 50 years. Equitable Bank’s wholly‑owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people’s lives.

Our customers have named our EQ Bank digital platform () one of the top banks in Canada on the Forbes World’s Best Banks list since 2021.

The Work
The Senior Securitization Analyst, Strategic Financial Management, is responsible to provide effective leadership, expertise and a comprehensive service offering to the Canadian credit union system. In addition, the Senior Analyst will also provide specialized expertise in regards to securitization best‑practices, support in the area of securitization to internal stakeholders to optimize funding and liquidity and maintain issuer status by acting as a key liaison to CMHC.

This position is responsible for supporting the client securitization activities as well as corporate securitization activities. Securitization activities are of high value and contribute significantly to enhance both corporate and credit union liquidity and profitability levels, thereby enhancing the fee for service revenue for Concentra Bank.

The core parts of your role would be to:

Support the successful, accurate and timely completion of corporate and client securitization transactions – 35%

Develop an understanding of the Canadian structured finance environment, specifically the CMHC sponsored securitization programs (MBS & CMB).

Work closely with credit union partners, providing expert advice towards maximizing their value in CMHC’s securitization programs in a way which is aligned with their hedging strategies, multi‑family origination, and CMB participation.

Build, foster and recognize business relationships within the department, the division, the company, as well as external credit union clients and intermediary partners (ex. CMB swap counter parties).

Focus on client interaction and deal with external parties to meet delivery expectations.

Perform analysis of aggregated data, including investigation through financial model analysis and creation to ensure effective strategies within the department.

Develop and enhance internal applications in response to the evolving internal and external client needs as well as CMHC requirements (CMHC Advices; change in program policies).

Identify, implement, and maintain technologies used to aggregate, balance, and distribute corporate and client data:

Mortgage securitization software

CRM platform

MS Office Suite

Internal and external data sharing portals

Mortgage data validation platform

Program administrator portals and asset reporting centers

Electronic document signing platforms.

Manage the implementation of Concentra’s securitization program and maintain issuer status by acting as a key liaison to CMHC – 35%

Work closely with Capital Markets on planning of monthly MBS/CMB issuances to support the area of securitization to internal stakeholders to optimize funding and liquidity.

Monitor, support and communicate monthly issuances. Working closely with Capital Markets and other relevant stakeholders to coordinate with swap counter parties for settlement and PRA management purposes.

Apply for portfolio bulk insurance if applicable, work internally and with originators to gather loan level information, and ensure the submission is approved successfully and loans are securitized within the given CMHC policy timeline to remain compliant within the CMHC Purpose Test.

Complete and…