Credit Risk Modeler Jobs in Miami, FL (NOW HIRING)

VersaBank is a North American bank, federally chartered in Canada and the United States through its wholly owned subsidiary, VersaBank USA National Association. Operating with a branchless, business-to-business model, VersaBank uses proprietary, leading-edge technology to address underserved segments of the financial industry with exceptional efficiency and a strong focus on risk mitigation.
VersaBank obtains the majority of its deposits and conducts most of its lending electronically through financial intermediary partners. This model provides significant operating leverage, enabling exceptional efficiency and returns on common equity. In 2024, VersaBank launched its Structured Receivable Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for over 15 years, to the US market, bringing an innovative funding solution to this sector.
VersaBank's common shares trade on the Toronto Stock Exchange and Nasdaq under the symbol VBNK. For more information on VersaBank, please visit our website at www.versabank.com.
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.
In this role, you will drive the stability and growth of the Bank's high-performing product offerings within the US Structured Finance Program. You will leverage your strong client relationship skills and industry knowledge to originate, structure, underwrite, and manage complex receivable financing programs. This is not a traditional relationship manager role, you will have direct involvement in credit structuring, transaction execution, and portfolio performance monitoring, working on custom solutions for existing partners and new prospects.
Primary responsibilities include:
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.
• Partner with senior stakeholders and Credit to support deal approval and execution

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

What we look for:

• 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
• 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
• Proven 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

Please note this list is not designed to cover or contain a comprehensive list of activities, duties, or responsibilities that are required for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Benefits
We offer excellent career advancement opportunities, an informal, positive work environment, and a very competitive compensation package including medical, vision and dental coverage, and life, AD&D and disability insurance. VersaBank USA employees also enjoy participation in a 401(k) plan, and time off policies as well as annual incentive awards.
EEO Statement
VersaBank USA is an equal opportunity employer committed to diversity, equity, and inclusion. We believe that we grow as we actively search for new ideas and welcome different perspectives. We also recognize that the best way we can serve our diverse communities is to have those communities represented in our workforce. VersaBank USA doesn't discriminate against, nor tolerate harassment by any person, including co-workers, supervisors, or third parties, based on any Protected Characteristics. Creating an inclusive and professional environment where employees feel comfortable, safe, and free from inappropriate and disrespectful conduct allows our employees to flourish and effectively collaborate.
Disclaimer
Applicants may be subject to a background check. Employees in this position must be able to satisfactorily perform the essential functions of the position. If requested, VersaBank USA will make every effort to provide reasonable accommodations to enable employees with disabilities to perform the position's essential job duties. As markets change and the Bank grows, job descriptions may change over time as requirements and employee skill levels evolve. With this understanding, the Bank retains the right to change or assign other duties to this Systems Administrator position.
Application Deadline
VersaBank USA accepts applications on a rolling basis. Even if your qualifications don't match our criteria exactly, we welcome you to apply if you have an interest and feel you would be able to succeed in this position. We have found that people with a diversity of backgrounds and variety of experiences in our workforce creates a more rewarding, dynamic, and effective work life.