Credit Risk Analyst

Convera; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading commercial payments company in Toronto seeks a Credit Risk Analyst responsible for assessing credit risk for new and existing clients. The role involves providing written assessments, conducting annual reviews, and maintaining high customer service standards. Ideal candidates will have at least 2 years of credit risk experience, a Bachelor’s degree in a related field, and strong analytical skills. Competitive salary and hybrid work options are offered.

Benefits

Competitive salary

Opportunity to earn a bonus

Flexible work approach

Career growth opportunities

Corporate benefits

Responsibilities

• Provide written credit risk assessment of new clients.
• Conduct annual reviews on clients' credit positions.
• Ensure high standard of written credit assessment.
• Assist with various project works and reporting as directed.

Skills

Commercial credit risk experience

Organizational skills

Understanding of Financial Statements

Intermediate skills in Word and Excel

Proficiency in financial software

Excellent communication skills

Decision making skills

Cooperative work skills

Time management skills

Interpersonal skills

Education

Bachelor's degree in finance, Economics, Accounting, Business Administration

Job description

Overview

The Credit Risk Underwriting Team at Convera is responsible for the analysis, processing and timely approval of credit risk applications. The Credit Risk Analyst will undertake credit assessments of new clients and review existing customers to establish / assess the provision of acceptable credit terms in accordance with Convera's Credit risk Policy. This role ensures all new business cases are reviewed and the customer service provided is to a high standard for internal and external parties. This team is essential to the management and allocation of credit and is core to the success of our front office teams.

Responsibilities

• Provide written credit risk assessment of new clients in a timely manner and within established SLAs.
• Conduct annual reviews on Convera client\'s credit position.
• Ensure a high standard of written credit assessment.
• Assist with ad hoc project works as directed by the Credit Manager.
• Assist with reporting requirements as directed by the Credit Manager.
• Ensure high standard of customer service to internal and external parties.

Required Qualifications

• Previous commercial credit risk experience gained looking at corporates and SMEs as a loan officer or credit analyst (minimum of 2 years).
• Good organizational skills with ability to work to tight deadlines.
• Strong understanding of and ability to interpret Financial Statements.
• Computer literature (intermediate skills in Word and Excel).
• Proficiency in financial software and statistical analysis tools.
• Excellent written and verbal communication skills.
• The ability to make sounds decisions in a timely manner after systematically considering all possible outcomes.
• Ensure that report writing is accurate, diligent and analytically thorough enough to justify either personal decision making or when making proposals to final Credit Risk Approvers.
• The willingness and ability to work cooperatively with others and across functions towards common objective.
• Exemplary time management skills.
• Strong interpersonal skills and ability to liaise with all levels (Dealers and Senior Management).
• Bachelor\'s degree in finance, Economics, Accounting, Business Administration, or a related field.

Preferred Qualifications

Below are nice-to-have qualifications, but not required :

• Experience to FX hedging risk or global market is preferred.
• Fluency in French highly desired.

About Convera

Convera is a global leader in commercial payments that powers international business by moving money with ease. We provide tech-led payment solutions to help more than 26,000 customers globally grow with confidence, from small businesses to CFOs and treasurers. As experts in foreign exchange, risk and compliance, with an unrivaled regulatory footprint, Convera\'s financial network spans more than 140 currencies and 200 countries and territories.

Our teams care deeply about the value we deliver to our customers, which makes Convera a rewarding place to work. This is an exciting time for our organization as we expand our team with growth-minded, results-oriented people who are looking to move fast in an innovative environment.

As a truly global company with employees in over 20 countries, we are passionate about diversity; we seek and celebrate people from different backgrounds, lifestyles, and unique points of view. We want to work with the best people and ensure we foster a culture of inclusion and belonging.

Benefits

We offer an abundance of competitive perks and benefits including :

• Competitive salary
• Opportunity to earn a bonus (dependent on performance)
• A flexible approach to work (This role will be Hybrid- 3 days a week in our Toronto office)
• Great career growth and development opportunities in a global organization
• Corporate benefits

Apply now!