Commercial Credit Underwriter jobs at Bank Of America in Canada, Toronto

This job is responsible for performing risk assessment and repayment capacity analysis (i.e., financial, borrower, industry, etc.) and preparing transaction justification for complex transactions with limited supervision. Key responsibilities include documenting credit analysis, independently assessing historic and projected borrower financial information, evaluating adherence to policy and procedure, providing loan structure analysis and recommendations, and monitoring portfolio performance.

Responsibilities:

• Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility
• Partners with Credit Officers, Relationship Management, and Risk teammates to assess and deliver credit solutions
• Monitors the client's operating performance and financial condition, proactively identifying issues and opportunities
• Delivers financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process
• Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements

Skills:

• Attention to Detail
• Financial Analysis
• Underwriting
• Written Communications
• Analytical Thinking
• Credit Documentation Requirements
• Credit and Risk Assessment
• Financial Forecasting and Modeling
• Recording/Organizing Information
• Business Acumen
• Collaboration
• Collateral Management
• Loan Structuring
• Prioritization

High School Diploma / GED / Secondary School or equivalent

Job Description

The Commercial Credit Manager will partner closely with sales and risk management colleagues to deliver responsible loan growth and market relevant client solutions that lead to long term client satisfaction and market share growth. The Commercial Credit Manager is a highly skilled resource, providing expert level advisory guidance in the most complex, integrated debt capital solutions across various industries and company sizes/complexities. The role has external client facing responsibilities, and travel (~25%) would be required. Key areas of accountability include market level loan growth; strong asset quality; ensuring that credit approvals meet Bank policies and procedures; and that work quality is accurate.

Required Skills

• 15+ years of Commercial Banking Experience

• 3+ years’ experience managing a team preferred

• Outstanding communication and influential management skills

• Ability to lead and model change while achieving business performance results

• The ability to mentor, develop and coach will be key attributes

• Bachelor’s Degree required with Advanced Degree preferred

Responsibilities

• Support loan servicing requirements for a global and regional Corporate, Commercial, Asset Based Lending and Special Assets credit portfolio in diverse industries, acting in agency, participant, and sole lender roles

• Support processing credit facility transactions into workflow tools and the system of record with quality control validations and adherence to policies, procedures, control reporting routines and control metric thresholds

• Review and adhere to credit approvals, legal credit agreements, corporate documents and policies and procedures to timely onboard, update and maintain credit facilities with accurate data integrity in the system of record

• Support loan accounting entries and related calculations; commitment, loan, interest, and fee records; intra-day wire account reconciliation; credit reporting

• Review and adhere to credit portfolio legal documentation and act in a consultative manner on standard servicing requirements

• Support in-line quality assurance/test of control reviews and adherence to process risk control standards

• Acts as subject matter expert on regional and global projects, initiatives, audits requirements and overall unit coverage

• Monitor/Support/Supervise administrative duties, including control reporting and records filing

• Work flexibility, including overtime, weekends and statutory holidays

Qualifications

• University degree with preference to finance or math

• Corporate/Commercial banking experience

• Understanding of credit-related products, loan servicing, and experience with credit documentation

• Support collaborative efforts to advance tools and technology enhancements

• Strong analytical and problem-solving skills

• Attention to accurate detail and ability to follow/action instructions under pressure

• Ability to manage multiple tasks with willingness to work through issues adapting to competing priorities and sensitive deadlines

• Ability to work independently as well as in a leadership role in a team environment

• Strategic and creative thinking; distinguished written and verbal communications skills

• Strong leadership and work ethic with team focus

• Ability to adapt and adhere to policies and procedures

• Proficient in Microsoft Office (Word, Excel, PowerPoint)

• Loan IQ and GBS processing experience and knowledge of E ledger an asset

Skills

• Analytical Thinking

• Attention to Detail

• Attention to Policies, Procedures and Metric Thresholds

• Data Collection and Entry

• Decision Making

• Strategic Thinking

• Adaptability

• Customer and Client Focus

• Issue Management

• Oral Communications

• Recording/Organizing Information

• Collaboration

• Legal Structures and Legal Forms

• Prioritization

• Written Communications

Responsibilities

• Provides unit business support and acts as workflow coordinator on client and agent loan transaction requests and other support tasks

• Support processing credit facility transactions into workflow tools and the system of record with quality control validations and adherence to policies, procedures, control reporting routines and control metric thresholds

• Ensures all communication and loan transaction notices are processed timely and accurately

• Monitor assigned credit facilities and loan accounts to ensure loan fundings, repayments, interest and fees comply with credit agreements, loan documentation, lender or borrower instructions, internal procedures, and approvals

• Monitor, research, and action past dues and reconciliation exceptions

• Assist managers on various quality assurance routines/reviews

• Service loan requirements for a global and regional corporate and commercial credit portfolio, acting in agency, participant and sole lender roles

• Support the processing and reconciliation of loan accounting entries, commitment and loan records, loan statements, interest and fee billings, and wire accounts

• Review and adhere to credit legal documentation, corporate documents and policies and procedures

• Monitor/Support administrative duties, including control reporting and records filing

• Work flexibility, including overtime, weekends and statutory holidays

Qualifications

• University degree with preference to math or finance

• Basic knowledge of Corporate and Commercial credit products, loan servicing, payments, LIQ/credit systems and legal credit agreements is an asset

• Strong analytical, problem solving, and time management organizational skills

• Ability to consistently act on detailed instructions with accuracy and under time pressures/deadlines

• Able to perform well both independently and in a cross functional team environment with active leadership skills

• Supports collaborative efforts to advance process designs, tools, and technology enhancements

• Ability to multi-task and adapt in a fast paced and challenging environment with evolving business needs

• Ability to adapt and adhere to policies and procedures

• Proficient in Microsoft Office (Word, Excel, PowerPoint)

Skills

• Attention to Detail

• Attention to Policies, Procedures and Metric Thresholds

• Customer and Client Focus

• Data Collection and Entry

• Recording/Organizing Information

• Adaptability

• Analytical Thinking

• Issue Management

• Oral Communications

• Written Communications

• Collaboration

• Legal Structures and Legal Forms

Job Description:

Reporting to the Manager, Credit Risk Analysis & Reporting, the Risk Analyst is responsible for a broad array of risk reporting and analysis, including actively monitoring credit risk policy limits and regulatory reporting.This opportunity requires direct interaction with stakeholders across the organization, a high degree of initiative, and strong relationship management, communication, problem-solving, and analytical skills. This is an excellent opportunity for a high performer to broaden their analytic capabilities and gain enterprise-wide exposure.

Key accountabilities include:

• Prepare credit risk reports that monitors various internal policy limits and perform variance analysis for management review.
• Participate in various enterprise-wide risk initiatives, including both internal data enhancement and external regulatory reporting.
• Become a subject matter for credit risk related activities covering both TD Securities and Canadian Commercial portfolios.
• Build knowledge on wholesale and commercial credits and understand different type of risk exposure.
• Respond to ad-hoc request accurately and in a timely manner.
• Work collaboratively and develop strong relationships across the Enterprise, including Risk Management, Finance, Capital/Treasury, and the Businesses
• Contribute to a positive, inclusive and collaborative team culture.

Job Requirements

• Analytic thinker: Excellent analytical and problem-solving skills with the ability to identify key trends/drivers and an eye for detail. Ability to think outside the box and effectively challenge the status quo, with a key eye for process improvement.
• Communication: Strong written and verbal communication skills, including the ability to simplify complex analyses into easily consumable key messages appropriate for Executives.

• Adaptability: Adaptable to changing priorities, ad hoc requests, ambiguity and comfortable operating both independently and in a team environment. Strong time management skills with the ability to meet tight deadlines.

• Organizational awareness: Strong stakeholder management capabilities, including ability to effectively interact with senior stakeholders and drive results. High level of diligence, strong organizational skills and overall maturity with the ability to leverage stakeholders to locate, analyze and synthesize complex information – both quantitative and qualitative.

• Knowledge: Understanding of credit risk that arise from different product types. Proficient in Microsoft Offices.

The following would be considered an asset:

• Experience using Tableau and Alteryx.
• Experience with credit risk reporting.
• Prior experience with TD internal risk data systems (CAIRO, CARMA, LOANIQ, IRIS, etc.)

Additional Information

• Post-Secondary degree in a more quantitative discipline, along with a CFA/FRM/CPA or similar designation is preferred.
• 1-2 years of analytical experience, including solid background working with data and conducting analysis.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Market Risk Assessment

• Identify and assess risks related to market movements, including credit spreads, interest rates, currency fluctuations, and other related factors.
• Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts.
• Conduct stress testing and scenario analyses to evaluate potential impact on the company’s portfolio.
• Actively manage relationships within and across various business lines, corporate and/or control functions and ensure alignment with enterprise.
• Proactively analyze potential risks and ensure key risks are aggregated / escalated to appropriate areas.
• Support established enterprise-wide risk escalation, review and approval processes, policies and risk assessment processes.
• Support the Senior Managers / Managers of the Market Risk team in fulfilling the group's mandate.

Risk Reporting & Analysis

• Develop, produce and maintain comprehensive market risk reports, ensuring data accuracy and relevance.
• Provide in-depth analysis and commentary on risk exposures and market trends to senior management.
• Understand system and model changes, its results, and impacts, to our risk and valuation results and processes.

Collaboration & Strategy

• Work closely with trading, portfolio management, and finance teams to identify and mitigate market risks within portfolios and trading strategies.
• Advise business units on potential market risks and assist in the development of risk mitigation strategies.

Regulatory Compliance

• Ensure all market risk practices and procedures comply with relevant regulatory requirements and internal policies.
• Stay updated on industry regulations and evolving risk management standards.

Continuous Improvement

• Stay current on market trends, financial instruments, and risk management techniques.
• Propose and implement improvements to risk management processes and systems to enhance efficiency and effectiveness.

Qualifications

Education: Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related field. A Master’s degree or professional certifications (e.g., FRM, CFA) is preferred.

Experience:

• Minimum of 4-5 years of experience in market risk management.
• Strong experience in risk analytics, portfolio management, and financial modeling.
• Proven track record of working with financial instruments and derivatives.

Skills:

• Proficiency in risk management tools, coding and software is nice to have (e.g., Python, Bloomberg, Tableau, Microsoft Excel, etc.).
• Expertise in quantitative analysis, financial modeling, and advanced Excel skills.
• Strong understanding of risk metrics, such as VaR, stress testing, and scenario analysis.
• Familiarity with financial regulations, including Basel III and Dodd-Frank.
• Excellent communication (both written and spoken) and presentation skills, with the ability to translate complex technical information for various stakeholders.

Personal Attributes:

• Strong analytical thinking and problem-solving abilities.
• Attention to detail and ability to work under pressure in a fast-paced environment.
• Ability to collaborate with cross-functional teams and influence decision-making.
• Ability to demonstrate accountability, independence and taking initiatives

Why Join Us

• Opportunity to work in a collaborative and high-impact environment.
• Exposure to a wide range of financial products and market dynamics.
• Competitive compensation and benefits package.
• Professional development opportunities in risk management and financial markets.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Job Description:

Reporting to the Credit Manager, Risk Monitoring & Reporting the role is accountable for re-adjudicating existing merchant accounts that alert on monitoring reports as well as ad-hoc analysis to support compliance with Payment Card Networks ('PCN') and enterprise regulations.

Key Accountabilities:

• Ensure timely re-adjudication of merchant accounts alerting on monitoring reports. Reviews to be completed in accordance with the assigned discretionary limits and applicable credit policies.
• Use sound credit judgment to assess, analyze and present well-written, logical Merchant Risk Reviews under various monitoring programs. This involves identifying key merchant risks and contingent exposure and may involve financial statement analysis.
• Collaborate with Fraud Operations team to ensure reviews under the interaction model are completed in a timely manner and any concerns are promptly escalated.
• Identify operational issues and proactively recommend improvements and solutions to resolve issues.
• Provide statistical data and other reports to the Credit Manager and assist with the completion of the monthly reports within the required timeframes.
• Complete any ad-hoc analysis requests efficiently to ensure PCN and other regulatory compliance requirements are met and escalate any concerns to management.
• Engage in direct customer calls to obtain additional information or to communicate Credit team decisions.

Job Requirements:

• Previous experience in adjudication / credit underwriting
• A solid knowledge of KYC and due diligence requirements
• Strong risk assessment skills and outside-the-box thinking to identify and understand all potential risks
• Strong verbal and written communication skills
• Solid analytical skills and business intelligence
• Strong interpersonal skills as well as the ability to work independently
• Basic knowledge of financial statement analysis
• High proficiency in Excel and Word. Additional data query & visualization skills (SQL, Tableau etc.) would be an asset
• Previous industry experience or a detailed understanding of the payment processing dynamics would be an asset
• Previous Fraud experience would be an asset
• Undergraduate degree and/or 3-5 years relevant experience​

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.