Reporting to the Director, Client and Funding Services, the Credit Analyst contributes to the mandate and long-term financial sustainability of GMF by ensuring that all loan transactions (low, medium & high risk), are appropriately analyzed, structured, negotiated, documented and priced, reflecting the risk profile, views of management, and GMF’s current credit risk tolerance. GMF loans are primarily directed towards municipalities but are also increasingly with municipal corporations, non-government entities and private sector entities.
Conducts full transaction risk assessment applying sound judgement and decision-making practices based on complex financial analysis while making recommendations. Risk assessment consists primarily of credit risk but also includes, as relevant, the nature, levels and possible mitigants for all other risks of the transaction, including legal, documentation, sponsor, environmental liability, financial structure, technology, funding risk, reputational risk, etc.
Supports efforts to maintain quality relationships with clients to understand their needs and objective and explore opportunities.
Participates on deal teams for complex transactions, providing credit and transaction risk advice and input to deal team members and clients at the business development and application phases.
Seeks transaction approvals, writes up appropriate credit analyses and summaries, and recommends initial credit rating, in accordance with policies in effect.
Supports in the preparation of loan documentation as required (e.g., term sheets, loan agreement, etc.).
Recommends key loan parameters, including loan pricing, tenor, and security required, based on the assessment of borrower credit risk, nature of the transaction, and considering market pricing benchmarks and GMF pricing policies.
Liaises with sponsors, applicants/borrowers as part of the negotiation process.
Liaises with the Risk Management Unit (RMU), to ensure that lending risks are identified.
Presents funding recommendations to senior management and the Risk Committee as required.
Assists and supports, as required, Funding Project Officers in ensuring all applicable conditions precedent to disbursements are met.
Provides input and content to required authorizations and reports, including authorization templates, Annual report, Quarterly Funding Services Reports and Council Reports.
Participates in ongoing process improvements by providing input and recommendations for policies, standards, credit practices and procedures to ensure effectiveness, compliance and alignment with current industry trends and best practice.
Participates in cross-functional team project work for GMF or FCM organization initiatives as required.
FCM has been the national voice of municipal government since 1901. Our members include more than 2,000 municipalities of all sizes, from Canada's cities and rural communities, to northern communities and 20 provincial and territorial municipal associations. Together, they represent more than 90 percent of all Canadians from coast to coast to coast. Municipal leaders from across Canada assemble each year to set FCM policy on key issues.
Canadian municipalities came together in 1901 as the Union of Canadian Municipalities (UCM). The Dominion Conference of Mayors was established in 1935 and by 1937 the two national bodies joined as the Canadian Federation of Mayors and Municipalities—renamed the Federation of Canadian Municipalities (FCM) in 1976.
Today, we advocate for municipalities to be sure their citizens' needs are reflected in federal policies and programs. Year after year, our work benefits every municipal government and taxpayer in Canada, and our programming delivers tools that help municipalities tackle local challenges.