Senior Credit Risk Specialist - Jobs in Toronto

Job Description

Who we are:Financeit is a point-of-sale financing provider serving some of the largest home improvement and retail organizations in Canada. Our platform helps businesses of any size close more sales by offering customers affordable monthly payment options for their next big home improvement, vehicle, or retail purchase. Financeit is small enough that you can make an impact within the company and large enough to make an impact in the market.As focused as we are on creating unique, category-defining products, we are also building a distinct and inclusive culture. We #39;re a diverse and dynamic team seeking the best and brightest talent to help us achieve our company goals, and to continue to build on our award-winning culture.About the role:We are looking for a self-motivated and energetic Senior Credit Risk Specialist to join our Risk Management Department. Your responsibilities in this role will include assessing new and active merchant partners in Canada on Financeit partner onboarding and risk monitoring policies, ensuring credit and fraud related risks are minimized and policies and controls are adhered to. You will have a proven track record as an individual with the ability to work independently in a fast-paced and changing environment.What you #39;ll do:

• Assess all new potential merchant partners within the Canadian market and review company and business owner/director information to assess partner #39;s credit quality and performance as per Financeit onboarding guidelines.
• Ongoing monitoring and evaluation of existing partner-merchant #39;s behaviour and adherence to Financeit #39;s processes as well as credit quality and performance, including assessing for potential fraud, AML risks and overall compliance with the parameters of Financeit #39;s consumer lending program.
• Strong credit evaluation and analytical skills, including familiarity with applicable commercial and personal credit bureau reports, financial statement analysis and overall financial performance assessment.
• Conduct post-funding borrower satisfaction calls to assess a partner-merchant #39;s adherence to Financeit #39;s lending program requirements and compliance with its supporting processes.
• Prepare monthly and quarterly reports related to the merchant network, as assigned to assess trends and/or perform risk indicator analyses that would signal general concentrations of risk or high-risk behavior patterns with potential large exposure for specific merchants.
• Assess existing processes on an ongoing basis, make recommendations for improvement and assist with their implementation.
• Review escalations from Junior team members, Operations and Sales for approval, where authorized or to provide a recommendation to management.
• Assist Junior team members by reviewing their work for accuracy and thoroughness as well as aiding in the form of training on risk tools, processes, and methodology.
• Other duties and responsibilities as assigned.

Requirements

• Minimum 2 years of related experience working in indirect personal loan finance or similar.
• Strong credit evaluation and analytical skills, including familiarity with both commercial and consumer credit bureau report analysis.
• Intermediate level of understanding of financial statement and cash flow analysis including the calculation of key financial ratios.
• Bachelor #39;s degree in business or other related discipline.
• Strong planning, organizing and time management skills with the ability to manage multiple competing priorities with deadlines.
• Fluency in French preferred.
• Ability to work effectively in a self-directed, team-based environment with minimal supervision.
• Proficiency in MS Office and G Suite.

BenefitsWinner of Canada #39;s Most Admired Corporate Culture in 2018 and 2021, we offer more than just the basics. Take advantage of:

• An award-winning culture with a collaborativeamp; inclusive team
• Competitive pay and performance-based bonus
• Committed to flexible work arrangements, offering hybrid workplace options, as well as a hybrid working allowance
• Comprehensive medical, dental and vision coverage + Lifestyle Account.
• RRSP Matching and Parental Leave Top Up Program
• Weekly virtual yoga classes, meditationamp; workout sessions
• Virtual events such as Lunchamp; Learns, company parties, fun team activities and charity initiatives
• Career learning and development programs

Next Steps:If what you just read excites you, we #39;d like to hear from you! Please submit your application and we #39;ll contact you if you become selected for a phone interview.Financeit is an equal opportunity employer. Accommodations are available on request for candidates taking part in all aspects of the selection process.