27 Oct
RFA
Railway Lands
Analyst, Quality Assurance and Risk – Toronto, ON
Date: October 22, 2024
Location: Toronto, ON
Company: RFA Mortgage Corporation
Job Type: Permanent
About RFA
Founded in 1996, RFA (Realty Financial Advisors) is a leading Canadian-owned real estate firm. Through RFA Bank of Canada and RFA Mortgage Corporation, RFA offers mortgage brokers a complete range of Prime and Alternative mortgage solutions.
The Opportunity
We’re looking to fill an Analyst, QA & Risk position at RFA Mortgage Corporation!
RFA Mortgage Corporation, a division of RFA (Realty Financial Advisors), specializes in Prime lending (Insured, Insurable and Uninsurable).
Our goal is to be a long-term leader in the residential lending market by offering more than just competitive rates and compensation. At RFA Mortgage Corporation, we focus on delivering a unique value proposition in the Prime mortgage space, committed to innovation and exceptional service to meet a diverse range of borrower needs.
Core Responsibilities
As an Analyst, QA & Risk will be primarily responsible for the review and assessment of completed mortgage applications at the Post Funding and Prefunding stages. Reviews will consist of a thorough evaluation of documentation, compliance to company policy & guidelines, the assessment of the quality of asset and the due diligence performed by the underwriting and funding staff. Findings/observations are reported regularly and circulated to assist in staff coaching, fraud mitigation, policy, and guideline clarification with the overall goal to improve consistency and overall quality of the RFA Mortgage Corporation portfolio. On occasion other reviews may be required.
Description:
- Review an adequate sampling of credit applications to determine if policies/guidelines and general underwriting procedures are/were followed; and prudent underwriting decisions were made. This includes but is not limited to the assessment of all file data elements, required financial documents, client information, broker file transmissions, insurer transmissions and other miscellaneous legal documentation, and noting any exceptions/deviations to policy.
- Ensure post fund reviews are conducted regularly as required in a timely, efficient, and objective basis. Focus will be on identifying and assessing risks (Credit, Funding, Compliance, AML) within established SLA’s.
- Ensure prefunding reviews are conducted on all designated/delegated files within corporate mandates prior to funding with a focus on identifying and assessing risks (Credit, Compliance, AML) within established SLA’s.
- Provide guidance and recommendations to management and related stakeholders on credit issues, findings, and trends.
- Assist in new mortgage originator post fund reviews and provide analysis as per mandate.
- On occasion, assist in preparing, reviewing, and analyzing external audit files.
- Review, when required, serious delinquent accounts and provide summary of findings/prepare document package.
- Maintain the integrity of the information input into Kairos QA and make recommendations for improvements.
- Perform other responsibilities and assist with special projects, as required.
Operational Efficiency and Risk Management
- Escalate files with higher risk (Credit, Compliance, Operational) as directed in RFAMC procedures and policies.
- Refer any files to management where perceived misrepresentation appears to be evident.
- Ensure number of files reviewed meets corporate minimum sampling requirements.
- Recommend changes for updates to workflow improvements, guideline clarification/modifications, and fraud initiatives.
- Participate in preparing/assisting in executive presentations related to Quality Assurance initiatives as required.
What You’ll Need to Succeed
- Minimum 5 years in Residential Mortgage / Lending Adjudication experience with strong knowledge in credit, risk, and fraud detection.
- Post-Secondary education in a related discipline (business, audit).
What Sets You Apart
- Comprehensive knowledge of mortgage operations, credit/insurer policies, including credit principles, practices, processes, products, services.
- Proficient in risk management practices and fraud procedure/prevention strategies.
- Well-developed communication skills, verbal and written, sufficient to provide clear and detailed explanation and interpretation of information, analysis, and recommendations.
- Self Driven, motivated with the ability to operate independently and in a team environment.
- Excellent organization and time management skills.
- Proficient in the use and operation of applications such as Atlas, FCT, Kairos, Excel, Word, PowerPoint, and Access.
- Can work under pressure within multiple and/or sometimes conflicting deadlines
What We Offer at RFA
Along with a strong work culture, RFA offers a comprehensive benefits package, including:
- Health & Dental Care
- Vision Care
- RRSP Match
- Health & Wellness Spend
- Vacation & Personal Days
- Hybrid working environment
Ready to take the next step?
If this opportunity excites you and aligns with your skills and aspirations, we’d love to hear about how you can contribute to our team at RFA.
Accessibility
Accommodation is available upon request for applicants and employees with disabilities. If you are contacted for a job opportunity,
please advise us of any accommodations needed to ensure you have access to a fair and equitable process. Any information received relating to accommodation will be addressed confidentially.
Other details
- Pay Type Salary
▶️ Analyst, Quality Assurance & Risk - RFA Mortgage Corporation
🖊️ RFA
📍 Railway Lands