Quality Assurance Analyst (Loan Portfolio), IA
About the role
Department / Branch: Internal Audit Department
Reports To: Chief Internal Auditor, Internal Audit Department
Employment Type: Full-Time Permanent / Contract
Location: Richmond Hill Office
Responsibilities:
- Assess the quality of loans in the Bank’s loan portfolio to preserve and protect the soundness of the Bank’s assets;
- Conduct scheduled loan review examinations and evaluate individual transactions based on sample selection;
- Evaluate the underwriting quality of loan applications to ensure compliance with the Bank’s Credit Risk Management Manual. Provide findings and recommendations to Branch Management, the Credit Risk Department, and Internal Audit;
- Ensure that the assessment of transaction risk aligns with the Bank’s Credit Risk Management Manual;
- Prepare assessments and trend analyses of the Bank’s loan portfolio on at least a semi-annual basis;
- Prepare loan portfolio reports with analysis by industry, risk rating, location, watch list status, loan Maturity, and concentration, accompanied by relevant commentary.
Qualifications:
- Bachelor’s Degree or higher in Finance, Economics, Accounting, Business Administration, or a related field;
- Minimum of 3 years of experience in credit risk management;
- Prior experience in credit portfolio quality assurance is strongly preferred;
- In-depth knowledge of regulatory requirements as well as the Bank’s credit policies and guidelines;
- Solid understanding of the commercial real estate market;
- Proven ability to assess complex credit portfolios, identify risks and inconsistencies, and recommend improvements;
- Proficiency in conducting financial analysis and evaluating loan structures, collateral, and covenants risks;
- Strong communication and interpersonal skills, with the ability to provide constructive feedback and support to enhance credit practices;
- Proficient written and verbal communication skill in English. Proficiency in Chinese is considered an asset;
- Professional certifications such as FRM, CFA, CPA, or CCIM are considered an asset.
About Industrial and Commercial Bank of China (Canada)
Industrial and Commercial Bank of China (Canada) ("the Bank") is a Canadian chartered bank that provides comprehensive retail and corporate banking services. The name of the Bank is changed from the previously known The Bank of East Asia (Canada) since July 2, 2010. The Bank's new name reflects the relationship with its parent, Industrial and Commercial Bank of China Limited, the world's largest bank by market capitalization, deposits and profitability. We are dedicated to growing our business and making sure we continue to meet and exceed our customers' needs and expectations. We now operate a network of seven branches in Toronto and Vancouver.
With the support of strong management, leading technology, wide range of products and services and capital from the parent bank, the Bank will be actively engaged in serving both Canadian and Chinese clients while promoting bilateral trades and economic activities between Canada and China. Adhering to integrity, discipline and customer oriented business philosophy of the parent bank, the Bank will strive to become a new bridge for Sino-Canada trade and economic exchanges and a new platform for bilateral financial exchanges and cooperation.
Quality Assurance Analyst (Loan Portfolio), IA
About the role
Department / Branch: Internal Audit Department
Reports To: Chief Internal Auditor, Internal Audit Department
Employment Type: Full-Time Permanent / Contract
Location: Richmond Hill Office
Responsibilities:
- Assess the quality of loans in the Bank’s loan portfolio to preserve and protect the soundness of the Bank’s assets;
- Conduct scheduled loan review examinations and evaluate individual transactions based on sample selection;
- Evaluate the underwriting quality of loan applications to ensure compliance with the Bank’s Credit Risk Management Manual. Provide findings and recommendations to Branch Management, the Credit Risk Department, and Internal Audit;
- Ensure that the assessment of transaction risk aligns with the Bank’s Credit Risk Management Manual;
- Prepare assessments and trend analyses of the Bank’s loan portfolio on at least a semi-annual basis;
- Prepare loan portfolio reports with analysis by industry, risk rating, location, watch list status, loan Maturity, and concentration, accompanied by relevant commentary.
Qualifications:
- Bachelor’s Degree or higher in Finance, Economics, Accounting, Business Administration, or a related field;
- Minimum of 3 years of experience in credit risk management;
- Prior experience in credit portfolio quality assurance is strongly preferred;
- In-depth knowledge of regulatory requirements as well as the Bank’s credit policies and guidelines;
- Solid understanding of the commercial real estate market;
- Proven ability to assess complex credit portfolios, identify risks and inconsistencies, and recommend improvements;
- Proficiency in conducting financial analysis and evaluating loan structures, collateral, and covenants risks;
- Strong communication and interpersonal skills, with the ability to provide constructive feedback and support to enhance credit practices;
- Proficient written and verbal communication skill in English. Proficiency in Chinese is considered an asset;
- Professional certifications such as FRM, CFA, CPA, or CCIM are considered an asset.
About Industrial and Commercial Bank of China (Canada)
Industrial and Commercial Bank of China (Canada) ("the Bank") is a Canadian chartered bank that provides comprehensive retail and corporate banking services. The name of the Bank is changed from the previously known The Bank of East Asia (Canada) since July 2, 2010. The Bank's new name reflects the relationship with its parent, Industrial and Commercial Bank of China Limited, the world's largest bank by market capitalization, deposits and profitability. We are dedicated to growing our business and making sure we continue to meet and exceed our customers' needs and expectations. We now operate a network of seven branches in Toronto and Vancouver.
With the support of strong management, leading technology, wide range of products and services and capital from the parent bank, the Bank will be actively engaged in serving both Canadian and Chinese clients while promoting bilateral trades and economic activities between Canada and China. Adhering to integrity, discipline and customer oriented business philosophy of the parent bank, the Bank will strive to become a new bridge for Sino-Canada trade and economic exchanges and a new platform for bilateral financial exchanges and cooperation.