Bilingual Sr. Asset Quality Analyst - Credit

Bilingual Sr. Asset Quality Analyst - Credit

MCAP at a Glance

Joining MCAP means you will be a part of our diverse workforce of highly talented individuals who are recognized for their expertise and success! At MCAP, your professional expertise, commitment to teamwork and passion for service excellence are recognized and rewarded with competitive total rewards offering, a career with continuous learning and development (formal & informal training), and exciting opportunities in a dynamic, entrepreneurial environment.

The Role

The Senior Asset Quality Analyst is accountable for carrying out all activities associated with MCAP’s Asset Quality Programs. This role is accountable for measuring MCAP’s ability to originate compliant and marketable loans, providing unbiased and relevant feedback to the business to support continuous improvement, and taking pre-emptive measures to mitigate risks associated with deficiencies identified in files selected for external audit and defaulted loans that have potential to be contentious with external partners.

This role will represent MCAP in a competent and professional manner, using their strong analytical skills, underwriting expertise, good judgement and solid work ethic as needed to serve and protect the company’s interests.

Asset Quality

• Conduct quality assurance file reviews within established performance goals and objectives ensuring compliance to program requirements, consistent decision making and communication to key stakeholders on deficiencies.
• Contribute to the integrity and accuracy of MCAP SF Asset Quality Programs by performing secondary reviews on program findings.
• Lead external audits ensuring optimal external relationship management (investors/insurers), preparation, remediation, and effective hosting of file reviews in a professional manner.
• End to end management of custom audit events designed to monitor specific risk.
• Analyze audit results, identify risks and opportunities and report on results with appropriate recommendations.
• Receive external partner questions and/or notice of deficiencies and prepare the appropriate response in a timely, competent and professional manner.
• Support the Sub-Servicing and MCAP process control annual review by assisting in supplying the relevant data and documentation.
• Proactively recognize opportunities for operational improvements, make effective recommendations and implement upon approval from Manager, Asset Quality.
• Assist in the development and delivery of initiatives to drive clarity and awareness of Asset Quality Program requirements both within the Credit Quality & Risk Management Team and Origination as a whole.
• Support Credit Quality & Risk Management Team projects as required with timely & accurate delivery aligned to scope of requirements.
• Proactively manage individual workload to ensure all activities are completed accurately and on time, supporting peers as required to ensure the overall deliverables for the team are achieved.
• Assist in the development of requirements for future releases of AQ Program and Underwriting systems to support Asset Quality.

What You Bring To The Team

• Bilingual French & English Required.
• Minimum 3-5 years residential mortgage underwriting or quality assurance experience.
• Excellent working knowledge of MCAP Residential Mortgage Underwriting Policy, multi brands.
• Good understanding of the Mortgage Life Cycle and the MCAP Business Model.
• Knowledge of MCAP technical and professional discipline, business objectives, policy drivers and the ability to apply practical solutions based on this.
• Exceptional customer service skills with ability to build solid, working relationships.
• Exceptional oral and written communication skills.
• Ability to multi-task in a fast-paced environment.
• Strong organizational, analytical, investigative, problem-solving skills and time management skills.
• Self-driven, motivated with the ability to work independently and in a team environment.
• Thinks strategically and articulates concepts clearly.
• Ability to understand financial statements and assess financial viability.
• Good working knowledge of Microsoft Word & Excel (ability to contextualize data to demonstrate trends).
• Good working knowledge of all MCAP SF origination and servicing systems.
• University Degree/College Diploma, preferable.

If this sounds like you and you are looking to be a part of one of Canada’s largest independent mortgage finance companies, then we want to hear from you!

Be A Part Of Something Great

MCAP is Canada’s largest independent Mortgage Finance company with over $150 billion in assets under management providing mortgage solutions for residential and commercial properties. For over 35 years, MCAP originates, trades, securitizes and services mortgages in offices across Canada. MCAP originates residential mortgages exclusively through the mortgage broker channel as we believe that a professional mortgage broker is a consumer's best option and MCAP actively promotes the services of mortgage brokers across the country. MCAP is also a leader in the Canadian residential construction lending market with over 25 years in the business. Our teams of dedicated professionals serve a variety of developer, construction and lender clients across Canada.

Position #: req1970

Employment Status: Permanent Full Time

Location:Multiple Locations Available; Canada Wide

Number Of Openings:1

Department: Residential

Internal Job Title:Sr. Asset Quality Analyst

Salary Range:$70,000 - $75,000

Bilingual Premium:$5,000

The above information in this description has been designed to indicate the general nature and level of work performed by employees in the position. It is not designated to contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

MCAP provides equal opportunities for all applicants and is committed to fostering an inclusive, accessible environment, where all employees feel valued, respected and supported throughout the recruitment and employment process. If you require accommodation, we will work with you to meet your needs.