Director, Structured Finance

VersaBank is an inclusive, entrepreneurial, Schedule 1 Chartered Bank with over $5.8 billion in assets and growing. As Canada’s most innovative bank, VersaBank operates as a branchless financial institution that obtains its deposits and provides most of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. 

VersaBank’s Common Shares trade on the Toronto Stock Exchange (“TSX”) and Nasdaq under the symbol VBNK. Our head office is in London, Ontario, with various offices located across Canada. For more information on VersaBank, please visit our website at www.versabank.com. 

We are looking for a Director to join our Structured Finance lending team. This is a full-time, in office role based in London, Ontario.  

In this role, you will provide portfolio management oversight for new and existing client relationships within our Structured Receivable Program. You will focus on the management and performance of client accounts and be responsible for structure changes and implementation, reporting analysis, and credit application preparation. If you are highly results-orientated, and thrive in a small, dynamic team environment, we encourage you to apply!

Primary Responsibilities include:

• Build and maintain strong client relationships, delivering high service standards to both new and existing clients.
• Develop and recommend innovative financing structures that meet client needs while maintaining credit quality.
• Oversee underwriting of delegated lending transactions, ensuring full compliance with internal policies, proper risk identification, and completion of all required security and legal documentation.
• Ensure all credit terms and conditions are satisfied at each funding/advance and that appropriate mitigants are recommended.
• Proactively manage assigned accounts by conducting timely credit reviews, ensuring adherence to lending and AML/KYC policies, and monitoring performance and compliance.
• Identify and address emerging credit risks, including follow-ups on late payments, watchlist reporting, and development of action plans for deteriorating credits.
• Collaborate with internal partners to resolve audit findings, enhance processes, and recommend policy improvements.

Qualifications: 

• Post Secondary education in Finance, Business, or a related field.
  
• A minimum of 5 years of experience in banking, with exposure to structured or corporate finance preferred. 
• MBA, CPA or CFA required, or working towards.
• Strong analytical and problem-solving skills, with the ability to assess complex credit structures.
• Proficiency in financial analysis and basic Excel modeling.
• Demonstrated relationship management and negotiation capabilities.
  
• Excellent communication skills and highly detail-oriented.
  
• Ability to bring sound business judgement to decisions and evaluations.
  

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.  

• Professional development and tuition reimbursement programs. 
  

Application Procedure: 

If working for a ‘non-traditional’ bank with an entrepreneurial flair appeals to you, we encourage you to apply. Please be advised that only those applicants selected for an interview will be contacted.