Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians. With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow, and today we serve more than 800,000 customers across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years.

Equitable

Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $142 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform ( eqbank.ca ) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

As part of a growing and dynamic Commercial team, the Commercial Funding Officer is responsible for funding BES and CFG partner and direct loans, and CMHC-insured commercial transactions, such as purchases, refinances, assumptions, assignments, and investor sales. The incumbent will analyze corporate structures and review legal documentation from different provinces ensuring strict adherence to legislative guidelines and Bank policies. On a daily basis, the incumbent will be responsible for legal and AML review under minimal supervision from Funding Management.

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. If documents fall outside of the Bank’s 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 issues, recommend, and prepare memos to the Compliance Department or SVP, Commercial Lending outlining the rationale to proceed. In 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. (Deficiencies will be identified with minimal supervision and/or input from Funding management.

In 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. (Review the loan setup on the Bank’s systems to ensure accuracy. Update the Bank’s 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.

Assist Funding

Management with pipeline monitoring,



reporting and testing for projects and training on systems and procedures. (Work with the Bank’s stakeholders, such as Accounting and Quality Assurance, to ensure that wires are approved and released in a timely manner. Have a minimum of 2 years of commercial mortgage funding experience within a regulated financial institution in Canada or law office. Mortgage 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 Ability and experience recognizing process improvement opportunities and providing recommendations to Management Valuable working knowledge of MS Office primarily Word, Excel and PowerPoint Bilingual is preferred Commercial 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 amount.

The Commercial Funding

Officer has the ability to review legal documents that do not follow the Bank’s legal templates with minimal input from Funding Management and recognize when further review and/or approval from other stakeholders is required.

What we offer [For full-time permanent roles] Competitive discretionary bonus ✨ Market leading RRSP match program Medical, dental, vision, life, and disability benefits Generous vacation policy and personal days Virtual events to connect with your fellow colleagues A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON .

Equitable

Bank is deeply committed to inclusion.

📌 Commercial Funding Officer (18 month contract) (Toronto)
🏢 EQ Bank
📍 Toronto