About this opportunity
At Meridian our aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.   

About this role:

As the Senior Credit Reporting Analyst within the Credit Reporting & Analytics team, your primary responsibility will include support in developing, implementing and maintaining quality analytics and reports that provide for effective monitoring and management of credit risk for the organization. 

With strong analytical skills and business acumen, you have an accountability to provide insights to the Senior Manager, Credit Reporting & Analytics in support of decision making to ensure that Credit Management function’s analytical and data management approach, processes, and tools are appropriate and aligned to Meridian’s strategy, risk management appetite, regulatory guidance, and industry standards/best practices.

As an expert in the field of credit risk management, you will be tasked with:

Ensuring on-going compliance with all credit related regulatory reporting. Creating dashboards to communicate key insights for the Retail, Commercial, and Small Business loan portfolios. Authoring/ Co-Authoring reports to Senior Management that focus on communicating changes in the Retail, Commercial, and Small Business loan portfolios. Making recommendations regarding the optimal risk profile/composition of Meridian’s loan portfolios. Recommending how risk rating systems, scorecards, and internal models will be monitored and analyzed. Creating/maintaining robust documentation, in the form of Standard Operation Procedures, for the Credit Management function. Designing, creating, and managing detailed documentation and change logs for regulatory reporting purposes. Identifying external datasets that can be used to improve the performance of existing models / processes. Providing support to internal stakeholders and initiatives acting in the capacity of a subject matter expert in the field of credit reporting. Leveraging your business acumen to anticipate future business requirements tied with achieving the overall strategy of Meridian. Demonstrating strong consultative skills sufficient to identify and interpret the required information needed from stakeholders/partners and delivering reporting/analysis that meets the needs of these stakeholders/partners.

In addition to having strong analytical skills you have a talent for influencing without authority, adding value and insight to key stakeholders and management, and strong communication skills. You have demonstrated an ability to present complex analytical material in a concise and compelling manner, interpreting insights in a meaningful way to various internal stakeholders. You will be relied upon to leverage your subject matter expertise in the field of credit risk management and reporting to support the future growth of Meridian and motusbank.

Key Responsibilities:

Design and implement numerous reporting packages and dashboards focused on the retail (including motusbank), commercial, and small business loan portfolios. This includes developing/maintaining an adjudication tracker, developing/maintaining dashboards to monitor credit quality and creating other management reports as required.

Leverage available LOS databases for ad hoc / advanced analytics and reports as required.  

Develop an automated solution for standardized reporting to regulators including FSRA and OSFI.  Support in the development of comprehensive quantitative analytics and insights that align to Meridian’s sustainable growth objectives.  Support other departments that utilize credit reporting.

Work with internal departments to build upon the existing framework for credit reporting (including FSRA, ICAAP, OSFI, etc.). 

Develop strong relationships with business leaders across the organization.  Work with business leaders to understand their information needs and deliver meaningful, timely, and reliable reporting and analysis based upon user input. 

Offer sound advice and recognize opportunities to add value in the area of credit-based analytics, reporting and modeling.

Provide support services to the organization, which includes providing clarification and resolution for issues as they relate to credit management and reporting.

Understand the business implications of decisions and strive to improve organizational performance. This requires an awareness of business issues, credit based methodologies, processes and outcomes as they impact the Member and the organization’s business needs. Demonstrate passion for delivering exceptional customer service. Contribute to a team that is equally committed to offering high standards of service. Champion the use of data-driven decision-making and build improvements into existing decision-making processes and tools. Ensure well documented procedures are created and maintained for all reporting. Assess quality through periodic cross-training initiatives.

Act as a key contributor to support new/ongoing initiatives impacting the analytics community for the organization. Contributions are expected in projects impacting data capture, data management, reporting platforms/tools, and/or automation that directly affect the Credit Management function.

Support the development, evolution, monitoring and disclosure of all credit portfolio based reporting, including:

Management, Board and Regulatory credit based reporting (including all credit and lease based portfolios). RAROC strategy, evolution, implementation and rollout. Target Risk Profile strategy, evolution, implementation and rollout.

Support the development and advancement of the annual ICAAP exercise (credit based scenarios and risks) for Meridian and motusbank.

Additional Responsibilities:

Knowledge of Meridian’s retail and business products, and processes, as well as factors affecting the business. A strong knowledge of the Financial Market including current issues and trends. Able to prioritize and plan workload, and to meet deadlines in a dynamic, fast-paced environment. Organized with the ability to quickly prioritize and effectively handle critical issues or competing priorities; move with agility from one task to another. Strong written and verbal communication skills with ability to present data in a meaningful way, influence others to action and negotiate effectively. Self-motivated. Strong problem-solving, critical thinking, and analytical skills. Advanced knowledge of SQL and writing queries. Proficient with building dashboards in Power BI (experience with similar software is also considered an asset). Proficient in leveraging Excel to perform complex financial analysis and creating ad hoc reporting. Knowledge of OSFI and FSRA regulations and their impact on all credit related reporting. Knowledge of IFRS 9 and the related implications on credit risk management and modelling practices.

Education, Designations, Training, and Experience:

2 to 3 years of relevant experience working as a financial analyst/ credit risk analyst in a large Financial Institution with responsibility for:

Maintaining strong relationships with both internal and external partners. Developing and working with financial models. Familiarity with performing, or assisting with, stress testing or scenario analysis. Creating customized financial analytics aligned to business strategy. Contributing to the creation of regulatory reports for credit related information.

Education / Designations

Undergraduate degree in business, finance, mathematics, statistics or other related fields. Previous experience in personal/consumer lending is an asset. Previous experience in commercial/small business lending is an asset.

Office Location: 3330 Bloor Street West, Toronto OR 75 Corporate Park Drive, St. Catharines. This is a hybrid work opportunity.

Meridian has a remote work policy that allows flexibility for employees to work remotely but also requires a minimum of semi-monthly regular time in the office for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is important to us.

What's in it for you?

We have an inclusive and collaborative working environment that encourages teamwork, creativity, curiosity, and celebrates success! We provide you with the tools and technology needed to delight your candidates and clients! You will get to work with and learn from diverse industry leaders and colleagues, who have hailed from top organizations. Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues. This is not your typical "corporate" job. We work hard and we have fun!

Who we are:

Meridian is Ontario’s largest credit union, and second largest in Canada, helping to grow the lives of our more than 380,000 Members. Meridian has more than 80 years of banking history and is 100% owned by its members. With 87 retail branches and 15 Business Banking Centers across Ontario and $ 32B in assets under management, Meridian offers a full range of financial products and services to its retail, business banking and wealth members. With over 2200 employees and corporate offices located in Toronto and St. Catharines, Meridian has a track record of creating and delivering innovative new offerings and is committed to investing in the communities that we serve.  Our plan is to build on our momentum as we deliver on our purpose - helping our members achieve their best life. 

Find our story here: About Meridian

 

Experience the Difference!

Meridian committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve.

Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability.

Please note that due to the volume of applications, only those under consideration will be contacted for an interview.

Thank you for your interest in Meridian Credit Union.

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