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About the Role

The Credit Risk Analyst reports to the Manager and is responsible for executing all aspects of the Quality Control (QC) program for residential mortgages. This key function ensures all loans are underwritten according to the Company's Credit Risk appetite, as defined by established policies, procedures, and best business practices. The role involves conducting reviews of defaulted loans to identify questionable lending decisions and propose recommendations. The candidate will possess expert-level data analytical skills to proactively identify emerging key risk indicators in funded loans, alongside a comprehensive understanding of OSFI Guideline B-20. The role requires developing and maintaining a collaborative relationship with the Residential Lending department, offering support and guidance while upholding the independence required to provide accurate reporting on the quality of advanced loans.

Responsibilities

Execute post-funding QC reviews on residential loans following established procedures.
Conduct specialized reviews on Early Payment Defaults and investigate questionable lending decisions.
Deliver monthly written QC results and reporting to Business Units and Senior Management.
Utilize a risk-based approach to select portfolio-level loan data for review.
Monitor and track all policy exceptions and ensure required file remediations are completed.
Proactively detect emerging risk indicators and propose improvements to procedure manuals and Quality Control (QC) protocols.
Develop a comprehensive understanding of Questbank's lending policies and regulatory requirements.
Recommend revisions to Quality Control protocols and credit procedures, ensuring alignment with industry best practices.
Update and maintain the Credit Risk Quality Control Procedure Manual.
Ensure all files adhere strictly to AML/ATF and "Know Your Client" (KYC) regulatory requirements.
Proactively identify potential violations of internal policies or operational risk controls.
Ensure adherence to the bank's policies and procedures regarding compliance and operational risk controls.
Provide ongoing guidance to business units to ensure adherence to written procedures and policies.
Assist in developing training tools and resources for residential underwriting teams.

Requirements

Professional fluency in both English and French (written and verbal).
5+ years in Alt-A mortgage underwriting.
A minimum of 3+ years of direct Quality Control experience.
Demonstrated expertise in residential mortgage underwriting practices, including adherence to Guideline B20 and income documentation requirements.
Strong working knowledge of KYC, AML, and ATF regulations.
Proficiency in report preparation using G Suite and Microsoft Office.
Advanced analytical, logical thinking, and data analysis skills.
Exceptional interpersonal and communication skills to effectively manage 2nd/1st Line dynamics.
High attention to detail and ability to meet tight deadlines under pressure.
Ability to look for opportunities to achieve business goals and reframe challenges as opportunities.
Ability to take full ownership of deliverables with honesty and integrity.
Ability to act as a strong team player who builds healthy working relationships.

Skills

Data analysis
Analytical thinking
Logical thinking
Interpersonal skills
Communication skills
Attention to detail
Problem-solving

Location

Canada

Work Type

Hybrid

Experience Level

5+ years in Alt-A mortgage underwriting
3+ years of direct Quality Control experience

Salary/Compensations

$80,000 - $90,000

Benefits

Health & wellbeing resources and programs
Paid vacation, personal, and sick days
Competitive compensation and benefits packages
Comprehensive benefits plan
Competitive incentive (bonus) program

About the Company

Questrade Financial Group (QFG) provides securities and foreign currency investment, professionally managed investment portfolios, mortgages, real estate services, financial services and more through its companies: Questrade, Questbank, Questrade Wealth Management, Community Trust Company, Zolo, and Flexiti.
We use cutting-edge technology to help Canadians become much more financially successful and secure.
At QFG, we combine human-centric collaboration with AI-driven innovation to redefine financial services.
The ideal candidate will be a catalyst for change, using AI to transform and deliver unparalleled customer experiences and shaping a future where AI empowers our teams to do their best work.
Join our diverse, inclusive, and hybrid workplace to unleash your creativity and nurture your curiosity without limits.
If you share this sense of infinite possibility, come shape your future at QFG.
At Questrade Financial Group of Companies, with multiple office locations around the world, we are committed to fostering a diverse, inclusive and accessible work environment.
This is an environment where individuals are treated with dignity and respect.
Here, the unique skills and experience you bring will be valued.
You will be supported and motivated, so that you can harness your unlimited potential.
Our team reflects the diversity of the communities we serve and operate in.
Having a collaborative and diverse team helps us push boundaries to bring the future of fintech into existence—not only for the benefit of our customers, but for those who build their career with us.
Questrade Financial Group of companies Applicant Tracking System utilizes artificial intelligence (AI) for application screening. The AI system operates on predetermined criteria, with final decisions subject to human review.
Candidates selected for an interview will be contacted directly.
If you require accommodation during the recruitment/selection process, please let us know and we will work with you to meet your needs.