Credit & Financial Analyst (Full-time temporary, 12 month contract)

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Employment Information

  • Post ID: 891662122
  • Posted Date: Jul 21, 2021
  • Closing Date: Mar 18, 2022

Job Details

  • Experience: 3 years - 5 years
  • Remuneration: negotiable
  • Education: Bachelor's degree
  • How to apply: https://jobs.smartrecruiters.com/Central1CreditUnion/743999762251248-credit-financial-analyst-full-time-temporary-12-month-contract-

Job Description

Company Description

Central 1 is the partner of choice for financial, digital banking and payment products and services – fueling the success of businesses across Canada. With $16.9 billion in assets, we leverage our scale, strength and expertise to power progress for more than 225 credit unions and other financial institutions, enhancing the financial well-being of more than five million customers from coast to coast. For more information, visit Central1.com.

Because of COVID19, all Central1 offices are currently closed to non-essential employees. This role will see you working remotely until our offices are reopened. The timeline to reopen is still under consideration, as are our future remote working policies.

Job Description

The Portfolio Management team is responsible for managing a fixed income securities portfolio which serves as a cornerstone of providing liquidity to the credit union system. Returns are generated, by the team, through formulating and executing investment strategies within the policy and risk limits.

The Credit & Financial Analyst is primarily responsible for conducting credit reviews, advanced financial and ESG analysis on existing and prospective counterparties in Central 1’s fixed income securities portfolio and other entities that Central 1 has credit risk exposure.

What you’ll do:

  • Prepare high-quality quantitative and qualitative credit reviews, including ESG related analysis, on fixed income investment securities and counterparties.
  • Analyze and examine investor presentations, financial results, reports, rating agency literature, and other public information sources (e.g., media) of counterparties.
  • Provide relevant feedback, updates and insights from meetings with counterparties.
  • Contribute your perspective on counterparties at internal meetings.
  • Maintain, monitor and calculate key metrics for asset-backed security counterparties on a monthly basis.
  • Ensure existing counterparties are reviewed, maintained and approved in accordance with Central 1’s policies and standards.
  • Work closely with Managing Director, Treasury and Portfolio Manager, Assistant Portfolio Manager, members of Risk Management and other Lines of Business while discharging duties.
  • Maintain documentation for internal and external auditors and corporate finance.
  • Perform other duties as required.

Qualifications

Who you are:

  • Has previous experience of preparing written credit or financial analysis is essential.
  • Minimum 3 years’ of working experience ideally in the credit union system, banking or finance industry with exposure to investments and risk management.
  • Obtained a degree in commerce, business studies, or another quantitative field. Degrees in other subjects may be considered if the candidate can demonstrate competence in quantitative and/or business areas, either through formal education or through work experience.
  • Demonstrates a commitment to continuing education, including pursuit of an accounting or CFA designation is an asset.
  • Proficient in MS Office (Word, Excel, PowerPoint).
  •  Clearly and logically expresses oneself, and is comfortable formulating, presenting, and defending an argument in a calm and reasoned way, while at the same time remaining open to differing views.
  • Excellent writing skills and attention to details are essential. You need to be able to accurately synthesize and distil information from a number of written, verbal, and online sources.  You must have demonstrably strong and accurate quantitative skills.
  • Possess a strong desire and ability to learn and develop new skills is fundamental to the position. You must be motivated, deadline driven, efficient, and flexible. You must be able to work and think both independently and as part of a team.
  • Sensitive to the business needs of Central 1 and be able to cooperate with other members of the Treasury and Portfolio Management team as well as other departments in a collaborative, curious and professional manner, while being willing to have courageous conversations.

Additional Information

As much as we believe in working hard, we also believe in personal growth and taking time for ourselves. Accordingly, our total rewards philosophy amounts to one of the best compensation and benefits packages in the industry – from performance-based incentives and extended benefits, to training and education reimbursements and ample vacation time.

Central 1 is committed to building a diverse and inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We are welcoming of all applicants and we will provide an accessible candidate experience.

Reporting to: Manager, Credit & Financial Analysis
Grade: D1
Date Posted: July 15, 2021
Internal Applicants must apply by: July 22, 2021