---
title: 'Securitization Administration Manager at EQ Bank | Canada''s Challenger Bank'
canonical: 'https://feeny.ai/job/securitization-administration-manager-eq-bank-canada-s-challenger-bank-toronto-kxwkeyntet1e'
type: 'job'
last_seen: '2026-09-08'
---

# Securitization Administration Manager at EQ Bank | Canada's Challenger Bank

- **Company:** EQ Bank | Canada's Challenger Bank
- **Location:** Toronto, Canada
- **Work type:** hybrid
- **Posted:** 2026-08-27
- **Last confirmed live:** 2026-09-08
- **Apply:** https://jobs.lever.co/eqbank/dbc511d9-3211-4eaa-8aae-51a74874a38a

## Job description

Join a Challenger At EQ, we're 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.

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

What's 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 you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We can’t wait to get to know you!

We can’t wait to get to know you!

The work!

- Focusing on the accounting, reporting, and financial analysis of the Bank’s securitization activities.
- Develop a strong understanding of securitization profit calculations and accounting.
- Follow established accounting practices to ensure that the financial and operating reports accurately reflect the condition of the securitization business in accordance with accounting standards.
- Assist with the routine accounting processes for the securitization activities of both Equitable Bank and Equitable Trust; ensuring timely and accurate accounting and reporting of financial results
- Oversee the accounting for creation, issuance, and settlement of new NHA MBS pools
- Oversee daily cash tracking and balancing of servicer partners, including bank reconciliations
- Ensure timely and accurate accounting and reporting on Covered Bonds activities.
- Support the monitoring of securitization regulations to identify new or changing requirements, evaluate the applicability of the requirements to the Bank, and then assisting with the modification or establishment of new data sources/systems/processes to accommodate and comply with the requirements
- Provide support to the Accounting group, assisting them with their mandate in establishing appropriate accounting for the Bank’s securitization activities; including NHA MBS and Covered Bonds.
- Key contributor to the financial statement close process through the preparation of monthly accounting schedules
- Assist in the preparation of month-over-month variance analysis in financial results and program profitability
- Assist with the preparation of financial statements notes and other disclosure requirements on a quarterly basis
- Respond to accounting inquiries, providing ad hoc analysis for use in management decisions
- Support compliance interactions with government agencies and external auditors, including reviews, audits and other communications
- Identify opportunities for process improvement and assist in the implementation of recommended changes, including training of team members.
- Support new securitization initiatives by working closely with Capital Markets and other relevant stakeholders
- Ensure effective and efficient staff performance by providing ongoing support and guidance, as well as coordinating, scheduling, and reviewing the contribution of direct reports
- Liaise with other departments and external stakeholders. Internal interactions may include but are not limited to Accounting group, Capital Markets, Treasury, Prime Single Family and Commercial Lending, Compliance and Internal Audit, IT, BA and Project Management, and Financial Planning and Analysis
- External interactions may include but are not limited to Strategic partners and service providers, CMHC, Computershare, and external auditors

Knowledge/Skill Requirements:

- Post-secondary education and professional designation in Accounting (CPA)
- A minimum of 5 years of experience in accounting or financial reporting at a financial institution, with at least 2 years in a leadership role
- Knowledge of/experience with CMHC sponsored NHA MBS and CMB securitization programs would be an asset
- Strong technical aptitude, with a proven understanding of cash flow modeling
- Possesses strong leadership skills with an ability to work independently, influence and engage across the organization
- Experience with execution of complex financial reporting requirements, preferably securitization related
- Experience in the mortgage industry and securitization preferred
- Experience with data management and reporting systems
- Experience in process development and controls management

Specific Attributes

- Possesses strong analytical abilities and very detailed oriented
- Outstanding interpersonal skills with ability to build solid relationships with other members of the Finance department, business unit representatives, and internal and external stakeholders
- Excellent verbal and written communication skills, with the ability to communicate clearly and concisely
- Strong organizational skills with the ability to prioritize multiple tasks and meet tight deadlines within a fast-paced environment
- Independent thinker and self-starter who will be able to work independently and exercise good professional judgment
- Ability to identify and drive process improvements, maintaining a strict control environment
- Proficient computer skills (advanced Microsoft Excel, Access, Word, and accounting systems Job Complexities/Thinking Challenges:
- The ability to learn quickly and develop knowledge and understanding of mortgage securitization through the CMHC NHA MBS and CMB programs
- The Manager, Securitization must be comfortable with complex and nuanced transactions that require innovative thinking and the development of tailored/customized solutions
- The Manager, Securitization is expected to develop a strong understanding of the Bank’s securitization operations and accounting
- Strong process related skills would be beneficial to identify and assess process improvement opportunities and assist with the development and execution of solutions
- Must be able to communicate clearly and provide thoughtful insights

Accountability The incumbent will operate under the management and guidance of the Director, Securitization, assisting in the effective management of nearly $40 billion securitized mortgage portfolio contributing approximately $100 million to the Bank’s income.

The incumbent will work closely with the following stakeholders:

- Senior Director, Finance and the accounting team on accounting policy and financial reporting
- Managing Director, Capital Markets in coordinating the Bank’s securitization activities
- Senior Director, Financial Planning & Analysis in the development and maintenance of portfolio and profitability analysis

The Manager, Securitization will be accountable for:

- Meeting the organization's expectations for productivity, quality, and objectives
- Contributing to a team culture that works collaboratively with internal and external stakeholders
- Working with the team to collectively deliver on the team’s goals
- Participating in target setting, regular touch base meetings, performance development planning, and formal semi-annual performance reviews

All reporting is extremely time sensitive and can directly impact the Bank’s funding programs.

Physical Demands / Working Conditions Normal office environment with no physical demands.  However, there is substantial pressure, at times, placed on the incumbent due to the time sensitivity of certain transactions and reporting requirements. Hybrid work environment with 3 days in office required per week.

## 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 experience 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. We’re equally committed to supporting your growth, both professionally and personally. We provide a barrier‑free 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 country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank™. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration. To learn more, visit eqb.investorroom.com and eqbank.ca.

## About EQ Bank | Canada's Challenger Bank

## Company Overview
- **One-liner**: A Canadian challenger bank providing digital-first personal and commercial banking, lending, and asset management through its EQ Bank platform and parent company EQB Inc.
- **Entity Type**: Public (TSX: EQB)
- **Headquarters**: Toronto, Ontario, Canada
- **Founded**: 1970
- **Founders**: Not publicly available

## Core Business
- **Primary industries**: Banking, Financial Services, Digital Banking, Asset Management
- **Target customers**: B2C (Canadian consumers), B2B (small businesses, credit unions, commercial real estate borrowers)
- **Mission / purpose**: “Drive change in Canadian banking to enrich people’s lives” — challenging the status quo to bring more competition and better value to Canadians.

## Products & Services
- **EQ Bank**: Canada’s first all-digital, cloud-based bank offering high-interest savings, registered accounts, GICs, and everyday banking (SaaS-like digital platform)
- **Business Banking**: Recently launched all-digital banking platform for small businesses, offering greater value and a differentiated experience
- **Commercial Banking**: Lending focused on insured multi-unit residential securitization, serving builders and renovators of rental apartment supply
- **Insurance (Equitable Trust/Concentra)**: Home and auto insurance, estate and trust services
- **Asset Management (ACM Advisors)**: Alternative asset management for institutional investors
- **Credit Union Solutions**: Services for nearly 200 Canadian credit unions, serving approximately six million members

## Market Standing
- **Valuation / Market Cap**: Not directly disclosed in provided sources; combined assets under management and administration are $151 billion (company overview) – $138 billion (annual report). Market cap is not publicly available in the provided data.
- **Key Metric**: Annual revenue of $270 million (LinkedIn estimate); public company with SEC/TSX filings.
- **Notable Investors / Partners**: Exclusive financial partner of Loblaw Companies Limited’s PC Optimum™ loyalty program (18+ million members). Recognized as one of Forbes’ World’s Best Banks (2021‑2025) and named top bank in Canada and North America by The Banker (Financial Times, 2025).
- **Growth Signals**: 607,000 EQ Bank customers at end of Q4 2025 (18% YoY increase); directly serves over 779,000 customers; employee count grew to ~1,950 (from ~1,360 on LinkedIn, indicating significant hiring); moved into new national headquarters at EQ Bank Tower in Toronto (May 2025).

## Competitive Advantages
- **First-mover digital advantage**: Canada’s first all-digital bank, built on a proprietary cloud platform that enables rapid product development and fintech collaborations.
- **Challenger brand identity**: Distinct positioning as a “Challenger Bank™” that actively disrupts the big-five bank oligopoly, attracting customers seeking better value.
- **Massive embedded reach**: Exclusive partnership with PC Optimum (18M+ members) gives EQ Bank deep integration into daily Canadian spending.
- **Strong regulatory standing**: Operating as a Schedule I bank (7th largest by assets) with OSFI regulation, providing trust and stability.

## Strategic Focus
- **Open banking leadership**: Advocating for and integrating open banking to give customers control over their financial data and enable better choices.
- **Digital expansion**: Scaling the EQ Bank platform (record customer growth) and recently launching Business Banking to capture small business market.
- **Innovation & efficiency**: Leveraging cloud-native platform to drive best-in-class cost efficiencies and rapidly innovate new products.
- **Talent growth**: Investing in leadership development programs and building a pipeline of future leaders to sustain growth.

## Why Work Here
- **Culture**: Recognized on LinkedIn Top Companies list for workplace growth and career progression (2024) and Canada’s Best Workplaces™ (2023). Emphasizes authenticity, inclusion, and a “Challenger” mindset.
- **Work model**: Hybrid work model with flexible hours, generous vacation, and a “work from away” program.
- **Compensation & benefits**: Comprehensive medical, dental, vision, fertility, and mental health support; company equity via stock matching; retirement savings plan with matching; 12 weeks top-up pay for parental leave.
- **Growth & learning**: Annual learning budget; allowances for home office and wellness; structured internship, co-op, and Leadership Development Program (LDP) offering real responsibility, mentorship, and cross-functional rotations.
- **Wellness**: Employee assistance program, sick days, life and disability insurance.
- **Perks**: New national headquarters at EQ Bank Tower in downtown Toronto.

## Sources
1. [eqbank.ca - Company Overview](https://www.eqbank.ca/about-us/about/company-overview)
2. [eqbank.ca - Careers](https://www.eqbank.ca/about-us/about/careers)
3. [jobs.lever.co/eqbank - Job listings](https://jobs.lever.co/eqbank)
4. [linkedin.com/company/-eqbank - LinkedIn company page](https://linkedin.com/company/-eqbank)
5. [filecache.investorroom.com - EQB 2025 Annual Report](https://filecache.investorroom.com/mr5ircnw_eqbank2/1591/EQB-2025_Annual_Report_Final.pdf)

## Other roles at EQ Bank | Canada's Challenger Bank

- [Senior Manager, Model Validation](https://feeny.ai/job/senior-manager-model-validation-eq-bank-canada-s-challenger-bank-toronto-0ebfa3tk1qrm) — Toronto, Canada
- [Senior Manager, Model Development](https://feeny.ai/job/senior-manager-model-development-eq-bank-canada-s-challenger-bank-toronto-vah2tjnv9gjt) — Toronto, Canada
- [Manager, Risk Data & Model Implementation](https://feeny.ai/job/manager-risk-data-model-implementation-eq-bank-canada-s-challenger-bank-toronto-735fp8r7b3zc) — Toronto, Canada
- [Senior Manager, Organization Design & Operating Model (18-month contract)](https://feeny.ai/job/senior-manager-organization-design-operating-model-18-month-contract-eq-bank-sfkn0e438s31) — Toronto, Canada
- [Analyst, Treasury (12 Months Contract)](https://feeny.ai/job/analyst-treasury-12-months-contract-eq-bank-canada-s-challenger-bank-toronto-0qwgcz9b2mx0) — Toronto, Canada
- [Senior Securitization Analyst](https://feeny.ai/job/senior-securitization-analyst-eq-bank-canada-s-challenger-bank-toronto-eaj770gr8rr4) — Toronto, Canada
- [Director, Strategy, Risk and Business Operations](https://feeny.ai/job/director-strategy-risk-and-business-operations-eq-bank-canada-s-challenger-bank-z335fpr185t8) — Toronto, Canada
- [Treasury Analyst](https://feeny.ai/job/treasury-analyst-eq-bank-canada-s-challenger-bank-toronto-40wdxrwwds3q) — Toronto, Canada
- [Manager, Customer Service Channels (18 Months Contract)](https://feeny.ai/job/manager-customer-service-channels-18-months-contract-eq-bank-canada-s-b2qqqf2p0xdj) — Toronto, Canada
- [Specialized Finance Collateral Specialist](https://feeny.ai/job/specialized-finance-collateral-specialist-eq-bank-canada-s-challenger-bank-y3748mrr3s2z) — Toronto, Canada