Portfolio Analyst

VersaBank is a North American bank, federally chartered in Canada and the United States through its wholly owned subsidiary, VersaBank USA National Association. Operating with a branchless, business-to-business model, Versabank uses proprietary, leading-edge technology to address underserved segments of the financial industry with exceptional efficiency and a strong focus on risk mitigation.  

VersaBank obtains the majority of its deposits and conducts most of its lending electronically through financial intermediary partners. This model provides significant operating leverage, enabling exceptional efficiency and returns on common equity. In 2024, VersaBank launched its Structured Receivable Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for over 15 years, to the US point-of-sale market, bringing an innovative funding solution to this sector. VersaBank's common shares trade on the Toronto Stock Exchange and Nasdaq under the symbol VBNK. For more information, please visit our website at www.versabank.com. 

We are seeking a Portfolio Analyst to join our VersaBank USA Structured Finance Team. This is an in-office role located in London, Ontario, Canada.  

As a Portfolio Analyst, you will directly support the stability and growth of the Bank’s high-performing product offerings within the US Structured Receivable Program. You will be responsible for providing credit analysis, portfolio data mining and modeling, and data insights that inform underwriting and strategic decision-making. You will also prepare detailed financial reports, support compliance monitoring, and contribute to special projects as .  

Primary responsibilities include: 

• Assist with the underwriting and preparation of objective written credit applications as per policy and procedure manuals. 

• Assist with ongoing portfolio management. 

• Provide analysis of third-party reporting that includes financial statements, portfolio reports, A/R reporting, recovery reports, etc., and analyze for structure adequacy, delinquency trends, client procedure changes and other credit information. 

• Perform sensitivity analysis, data mining, and build models using the internal data warehouse to identify performance trends. 

• Ensure compliance with policies and procedures. 

• Ensure that all credit and other risks are adequately identified in credit correspondences, and that credit structure mitigants are recommended. 

• Ensure aspects of increased risks are identified and communicated to the appropriate levels in all instances where portfolio performance deterioration or potential loss has been identified. 

• Ensure legal documentation and security registrations are up to date and accurate.  

• Ensure that assigned credit reviews are completed on a timely basis, and necessary approvals for extensions are obtained. 

• Generate monthly compliance reporting in coordination with the Bank’s IT department. 

• Collaborate with internal compliance teams to solve time-sensitive issues as they arise and ensure that all terms and conditions established with clients are adhered to.  


• Make recommendations to policies and procedures where either market conditions warrant or operational efficiencies can be realized without increasing business risk. 


• Provide analytical and data modeling support for projects as . 

• Complete special projects and assist in other areas as assigned. 

What we look for:  

• Business degree or related post-secondary education. 

• CFA, MBA or equivalent professional designation or experience preferred. 

• 1-3 years of experience in consumer or commercial credit analysis, portfolio analytics, or structured finance preferred.  

• Strong knowledge of financial statement analysis, accounting principles, credit application preparation, and advanced excel modelling. 

• Demonstrated ability to successfully manage multiple priorities.  

What we offer:  

• A collaborative and team-focused work environment.  

• Competitive compensation package, including incentive opportunities and pension supplement program. 

• Comprehensive benefits program and fitness program designed to support your well-being. 

• Career advancement opportunities, professional development and tuition reimbursement programs.  

EEO Statement

VersaBank USA is an equal opportunity employer committed to diversity, equity, and inclusion. We believe that we grow as we actively search for new ideas and welcome different perspectives. We also recognize that the best way we can serve our diverse communities is to have those communities represented in our workforce. VersaBank USA doesn't discriminate against, nor tolerate harassment by any person, including co-workers, supervisors, or third parties, based on any Protected Characteristics. Creating an inclusive and professional environment where employees feel comfortable, safe, and free from inappropriate and disrespectful conduct allows our employees to flourish and effectively collaborate.

Disclaimer

Applicants may be subject to a background check. Employees in this position must be able to satisfactorily perform the essential functions of the position. If requested, VersaBank USA will make every effort to provide reasonable accommodations to enable employees with disabilities to perform the position’s essential job duties. As markets change and the Bank grows, job descriptions may change over time as requirements and employee skill levels evolve. With this understanding, the Bank retains the right to change or assign other duties to this position.

Application Deadline

VersaBank USA accepts applications on a rolling basis. Even if your qualifications don’t match our criteria exactly, we welcome you to apply if you have an interest and feel you would be able to succeed in this position.