Securitization Administration Manager

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! We can’t wait to get to know you!

The Manager, Securitization Administration will be responsible for the effective and efficient accounting and reporting of the Bank’s securitization programs. Responsibilities will include executing new securitization issuances and ongoing administration, preparing monthly investor reports, accounting, and financial analysis. This role requires the individual to possess a high degree of knowledge, experience, and well developed interpersonal, communication and leadership skills. The role will require comprehensive skills to interpret and analyze financial data.

The position will also require a candidate to have experience in the area of data and systems management. The Manager, Securitization will work closely with internal and external stakeholders including the Bank’s Accounting group, Capital Markets 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.

• Focusing on the accounting, reporting, and financial analysis of the Bank’s securitization activities.
• Develop a strong 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.
• Assist with the routine accounting processes for the securitization activities of both Equitable Bank and Equitable Trust; ensuring timely and accurate accounting and reporting of financial results
• Oversee the accounting for creation, issuance, and settlement of new NHA MBS pools
• Oversee daily cash tracking and balancing of servicer partners, including bank reconciliations
• Ensure timely and accurate accounting and reporting on Covered Bonds activities.
• Support the monitoring of securitization regulations to identify new or changing requirements, evaluate the applicability of the requirements to the Bank, and then assisting with the modification or establishment of new data sources/systems/processes to accommodate and comply with the requirements
• Provide support to the Accounting group, assisting them with their mandate in establishing appropriate accounting for the Bank’s securitization activities; including NHA MBS and Covered Bonds.
• 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
• Assist with the preparation of financial statements notes and other disclosure requirements on a quarterly basis
• 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…