Director, Structured Finance (US Structured Receivables Program)

About the role

We are seeking a Director or Senior Relationship Manager to join our VersaBank USA N.A. Structured Finance Team. We are hiring for 1 position, however cross posting in the Greater Miami Florida Area, Greater Minneapolis Minnesota Area, and London Ontario Canada.

Responsibilities

• Transaction Structuring & Underwriting
  • Lead the structuring and underwriting of new and existing receivable financing programs, combining elements of forward flow and securitization transactions within VersaBank’s differentiated Structured Receivable Program
  • Design tailored transaction structures aligned with client needs and the Bank’s risk appetite
  • Prepare and present detailed credit applications, including risk identification, structural mitigants and complex modeling
• Portfolio Management & Credit Oversight
  • Manage a portfolio of structured transactions with full accountability for performance, growth and risk management
  • Monitor asset performance, covenant compliance, and credit quality across programs
  • Identify emerging risks and proactively recommend restructuring or risk mitigation strategies
  • Lead portfolio reviews, watchlist reporting, and ongoing credit assessments
• Client & Deal Management
  • Serve as a key point of contact for clients, working collaboratively to optimize and grow programs
  • Engage directly with counterparties to evolve funding structures and expand existing relationships
  • Address portfolio issues including delinquencies, maturities, and performance deterioration
• Execution & Governance
  • Ensure all transactions comply with internal policies, credit standards, and regulatory requirements (including BSA/AML/KYC)
  • Lead the legal documentation process with external legal counsel to finalize transaction structures and security
  • Work cross-functionally with Compliance, Credit, and Operations to support efficient deal execution
  • Contribute to enhancements in credit processes, policies, and structuring approaches
• Analytics & Reporting
  • Deliver actionable portfolio insights through advanced analytics and reporting (Excel / Power BI)
  • Provide senior management with data-driven perspectives on portfolio trends and performance
  • Support ongoing optimization of structured programs

Requirements

• Business degree or related post-secondary education
• CFA, MBA, or equivalent professional designation or experience preferred
• 5+ years in structured finance, with experience in forward flow facilities, receivables financing, or securitization markets strongly preferred

Qualifications

• Background in banking, credit funds, fintech lenders, or structured credit platforms
• Strong credit underwriting and structuring experience
• Advanced financial analysis and modelling skills (Excel required, Power BI a strong asset)
• Ability to evaluate complex asset pools and transaction structures
• Prominent ability to manage both client relationships and credit risk
• Strong commercial judgement and negotiation skills
• Excellent communication skills with the ability to influence internal and external stakeholders and interpersonal skills
• High degree of ownership and accountability in managing transactions

Skills

• Strong credit underwriting and structuring experience
• Advanced financial analysis and modelling skills (Excel required, Power BI a strong asset)
• Ability to evaluate complex asset pools and transaction structures
• Prominent ability to manage both client relationships and credit risk
• Strong commercial judgement and negotiation skills
• Excellent communication skills with the ability to influence internal and external stakeholders and interpersonal skills
• High degree of ownership and accountability in managing transactions

Benefits

• Athletic coverage, vision and dental coverage, and life, AD&D and disability insurance
• Participation in a 401(k) plan
• Time off policies
• Annual incentive awards

Pay

Competitive compensation package

Schedule

Full-time