credit manager

Scotiabank; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Manager for Counterparty Credit Risk to monitor exposure, support risk analysis, and develop reporting systems. The ideal candidate will have 3 years of related experience and strong communication skills. Familiarity with business intelligence tools and fluency in Spanish are assets. This role offers a competitive salary and a collaborative work environment.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health benefits from day one

Qualifications

• 3 years experience in market risk and/or credit risk of traded products.
• Knowledge of derivatives products and familiarity with counterparty credit risk.

Responsibilities

• Exposure monitoring of counterparty credit risk.
• Develop relationships with Management and other stakeholders.
• Support development of reporting and analysis systems.

Skills

Exposure monitoring of counterparty credit risk

Strong written and verbal communication skills

Fluency in Spanish

Education

University degree in a business-related field

CFA/FRM/PRM certification

Tools

Power BI

Python

SQL

Unix

Job description

Manager, Counterparty Credit Risk

Posted on November 13, 2025 by Scotiabank

Location: Toronto, ON

Salary: $35.90 to $86.54 per hour (Hourly)

Responsibilities

• Exposure monitoring of counterparty credit risk in securities financing transactions, OTC derivatives, and FX transactions.
• Contribute to processes identifying leading indicators of emerging risks and support emerging risk analysis.
• Contribute to the quantitative and qualitative analysis of counterparty risk and insights for risk mitigation including correlation risks such as wrong‑way risk (general and specific), as well as on the credit quality of collateral, concentration, and liquidity risks.
• Develop a strong relationship and interface frequently with Management, Credit, Banking, Front Office, and other key stakeholders on various CCR matters.
• Support the development of reporting and analysis systems and business intelligence tools.
• Contribute to Board, regulatory, and other key CCR reporting.

Qualifications

• 3 years experience in market risk and/or credit risk of traded products.
• Knowledge of derivatives products and familiarity with counterparty credit risk.
• Strong written and verbal communication skills.
• Fluency in Spanish is an asset.
• University degree in a business‑related field.
• CFA/FRM/PRM certification is desirable.
• Advanced knowledge of Power BI, Python, SQL and Unix is an asset.

Benefits

• An inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success.
• Competitive rewards package: performance bonus, Employee Share Ownership Program, Pension Plan Matching.
• Health benefits from day one.