Commercial Funding Officer

Join a Challenger

At EQB were remaking banking so every Canadian gets ahead every day. Serving nearly 4 million Canadians from coast to coast we offer a wide variety of financial services from banking and lending to trust and credit union solutions.

Weve been at this since 1970 challenging the conventions of traditional banking with smarter faster and more connected financial experiences.

Whats kept us moving The people behind it all: challengers who ask better questions push back on old assumptions and look for a better way forward.

If youre driven to help reshape how banking works for Canadians and the businesses that power our economy this could be your next big opportunity.

We cant wait to get to know you!

The WorkAs part of a growing and dynamic Commercialteam theCommercial FundingOfficeris responsible for fundingBES and CFGpartneranddirectloans and CMHC-insuredcommercial transactions such as purchases refinances assumptions assignmentsand investor sales. The incumbent will analyze corporate structures and review legal documentationfrom different provincesensuringstrict adherence to legislative guidelines and Bank policies. Extensive knowledge ofAML guidelines isrequired. The environment is often fastpaced and requires effective time managementskills.

The core parts of your role would be to:

• On a daily basis the incumbent will be responsible for legal and AML review under minimal supervision from Funding Management. This includes the review of Commitment Letters and where applicable CMHC Certificates of Insurance. The incumbent will also be responsible for instructing Lawyers/Notaries (for direct transactions) or Partners (for partner transactions) following up on outstanding documents and receiving and reviewing legal documents for accuracy and enforceability on loans scheduled to close. A large component of the review will pertain to corporate structure of borrowing entities such as corporations limited partnerships family trusts and AML-exempt entities. The incumbent is responsible for the file to be compliant from an enforcement and AML perspective. If documents fall outside of the Banks AML framework the incumbent is to refer back to the Partner (for partner transactions) or Lawyer (for direct transactions) requesting further information. Where necessary the incumbent will identify AML issuesrecommendand prepare memos to the Compliance Department or SVP Commercial Lending outlining the rationale to addition to legal and AML review the incumbent will review property insurance title insurance and tax certificates making recommendations to Funding Management for any necessary waivers. Ongoing management of personal pipeline to meet prescribed deadlines is required. (50%)
• Communication and collaboration are key components of the order to meet targeted closing dates the incumbent will be reviewing documents prior to receiving credit approval; as such it is imperative that the incumbent works closely with the Credit team advising of any document deficiencies that could alter the nature of the transaction which will ultimately affect funding and credit approval. Deficiencies will be identified with minimal supervision and/or input from Funding partner transactions the incumbent will also work closely with partners ensuring that exceptional customer service is maintained at all times. The incumbent is also responsible for managing pipeline on the Daily Funding Agenda by providing loan information and status in a complete and timely manner. (15%)
• Review the loan setup on the Banks systems to ensure accuracy. Where applicable advise the Credit team or Funding Management of any inconsistencies. Update the Banks systems as new documentation and/or information is received. Upon approval of the loan by Funding Management the incumbent is responsible for closing the loan in the system and subsequently obtaining the authorized signatures on wires. Once the transaction has closed the incumbent will ensure that all required entries in the system and all post-funding steps are completed accurately and in a timely manner. Finally the incumbent will complete the final checklist confirming the file is compliant. (15%)
• Assist Funding Management with pipeline monitoring reporting and testing for projects and training on systems and procedures. (10%)
• The incumbent will be required to assist other funders within the different funding teams during peak volumes and/or employee absences. (5%)
• Work with the Banks stakeholders such as Accounting and Quality Assurance to ensure that wires are approved and released in a timely addition where applicable the incumbent will prepare internal memos to create GICs for holdbacks (to cash-secure Letters of Credit set up interest reserves holdbacks for mandatory repairs etc.) and advise Accounting of interest rate buy downs (for CMHC loans). (5%)

Lets Talk About You!

• Have a minimum of2yearsofcommercial mortgage funding experience withina regulatedfinancial institution in Canada or law lending and AML compliance experience considered an asset
• Post secondary education (diploma/degree) preferably in Legal or AML Compliance with complementary courses in Contract Law Business Law and/or AML
• Good working knowledge and understanding of PCMLTFA Act and Regulations
• Ability and experience recognizing process improvement opportunities and providing recommendations to Management
• Good working knowledge of MS Office primarily Word Excel and PowerPoint
• A team player that is willing to take on new funding challenges
• Strong analytical skills and a critical thinker
• Established organizational skills
• Ability to handle multiple competing priorities
• Exceptional time management skills.
• Highly developed verbal and written communication skills with the ability to respond in a clear concise and professional manner
• Bilingual is preferred

Job Complexities/Thinking Challenges

The position requires the incumbent to be a self-starter and make sound decisions as efficiently as mortgage loans are complex in nature requiring in-depth review of legal and corporate documentation. Particular attention must be made when preparing wires to ensure funds are being sent to the correct payee and in the correct the ability toreviewlegal documents thatdo not followtheBankslegal templateswith minimal input fromFunding Managementand recognize when further reviewand/or approval from other stakeholdersisrequired.What we offer For full-time permanent roles Competitive discretionary bonus Market leading RRSP match program Medical dental vision life and disability benefits Employee Share Purchase Plan Maternity/Parental top-up while you care for your little one Generous vacation policy and personal days Virtual events to connect with your fellow colleagues Professional development and comprehensive Career Development program A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experienceThe incumbent will be working hybrid and in office time will be spent working from EQ Banks additional office space located at2200-25 Ontario Street Toronto ON.

Equity Diversity & Inclusion

EQ is committed to building an inclusive accessible environment where every employee feels valued respected and supported. We believe our organization is stronger and our people thrive when we honour and celebrate diverse experiences identities and perspectives. Were equally committed to supporting your growth both professionally and personally.

We provide a barrierfree recruitment process and work environment. If you require accommodations at any stage we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process EQ uses AI to help screen assess and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.


EQB Inc. (TSX: EQB) is the parent company of Equitable Bank the countrys seventh-largest Schedule I bank by assets which operates EQ Bank Canadas Challenger Bank. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.

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We may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.

Required Experience:

Unclear Seniority

Employment Type : Full-Time
Experience: years
Vacancy: 1