Credit Risk Analytics Manager
0475 Fidelity Clearing Canada ULC
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Benefits offered by this job
Job summary
Fidelity Canada is seeking a senior Credit Risk Analytics professional to develop and maintain exposure monitoring frameworks for institutional clients and counterparties. You will evaluate current and future exposure from trading and financing activities, ensuring margin adequacy and collateral coverage while monitoring concentrations.
You will also lead stress testing and data quality initiatives, using Bloomberg and internal tools, to support risk models, reporting, and escalation of material
Qualifications
- University degree in Finance, Economics, Mathematics, Statistics, Business or related field.
- 5+ years of experience in Credit Risk, Counterparty Risk, or Institutional Risk Management.
- Experience assessing client and counterparty credit exposures, collateral adequacy, and concentration risk.
- Experience developing risk analytics, exposure measurement methodologies, and management reporting.
- Experience managing data quality, reporting infrastructure, and risk related data initiatives.
- Experience utilizing Python, SQL, Excel, or similar tools to automate reporting and analyze large data sets.
- Knowledge of risk platforms and trade monitoring tools such as Bloomberg.
Responsibilities
- Developing and maintaining credit exposure monitoring frameworks for institutional clients and counterparties.
- Evaluating current and potential future exposure from trading and financing activities, including margin utilization, collateral coverage, concentration risk, and counterparty credit quality.
- Monitoring client exposures against approved limits and identifying emerging credit risks needing escalation or remediation.
- Supporting ongoing enhancement of credit risk models, methodologies, and reporting.
- Enhancing and executing stress testing and scenario analysis to assess potential changes in credit exposure and collateral sufficiency.
- Ensuring data integrity and robust data pipelines across internal systems and external vendors.
Skills
Education
Tools
Job description
You will be working on a flexible hybrid schedule as part of Fidelity’s dynamic working arrangement. Current work authorization for Canada is required for all openings. The work location for this role is 483 Bay Street in Toronto until approximately late 2026, when the work location will change to the new Mississauga office at 3 Robert Speck Parkway.
At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and we’re constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future. Working with us means you’ll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You’ll have a wide range of opportunities to grow and develop your career in an inclusive environment where you’ll feel valued and supported to be your best - both personally and professionally.
The role is responsible for developing and maintaining credit risk analytics, monitoring frameworks, stress testing methodologies, and reporting that support the effective management of institutional client and counterparty exposures. The role provides independent assessment of credit risk arising from trading and financing activities, monitors margin adequacy and concentration risk, identifies emerging credit concerns, and supports timely escalation of material credit risk events. The position also oversees data quality and analytics used in credit risk measurement and decision making.
- Responsible for developing and maintaining credit exposure monitoring frameworks for institutional clients and counterparties.
- Evaluates current and potential future exposure arising from trading and financing activities, including margin utilization, collateral coverage, concentration risk, and counterparty credit quality.
- Monitors client exposures against approved limits and identifies emerging credit risks requiring escalation or remediation.
- Supports the ongoing enhancement of credit risk models, methodologies, and reporting.
- Responsible for enhancing and executing stress testing and scenario analysis to assess potential changes in counterparty credit exposure, collateral sufficiency, and client repayment capability under adverse market conditions.
- Evaluates potential impacts on credit losses and recommends actions to reduce exposure concentrations and mitigate risk.
- Responsible for ensuring the integrity, completeness, and reliability of data used in credit risk measurement, exposure monitoring, margin analysis, stress testing, and capital reporting.
- Develops and maintains robust data pipelines and reporting processes across internal systems and external vendors, including DataPhile, Bloomberg, and other sources.
- Continuously identifies opportunities to enhance data quality, automate reporting processes, and improve the efficiency and scalability of credit risk analytics.
- Acts as a subject matter expert and consultant for data-related credit risk initiatives and supports the resolution of data and system issues affecting risk measurement and reporting.
- Responsible for monitoring client positions, exposures, margin utilization, collateral values, and concentration levels to identify potential credit deterioration and emerging loss risks.
- Utilize Bloomberg, trade monitoring tools, and internal reporting tools to assess changes in risk profiles and ensure exposures remain within approved risk appetite and credit limits.
- Investigates exposure drivers and escalating credit concerns in accordance with established credit risk procedures.
- Responsible for maintaining effective first-line credit risk monitoring controls, escalation procedures, and reporting practices that support prudent management of client and counterparty exposures.
- Ensure timely identification and escalation of limit breaches, margin deficiencies, concentrated exposures, and material credit risk events.
- Produces management reporting and analytics to support informed credit risk decisions and capital utilization oversight.
- University degree (Finance, Economics, Mathematics, Statistics, Business or related field) or equivalent work experience.
- 5+ years of experience in Credit Risk, Counterparty Risk, or Institutional Risk Management.
- Experience assessing client and counterparty credit exposures, collateral adequacy, and concentration risk.
- Experience developing risk analytics, exposure measurement methodologies, and management reporting.
- Experience managing data quality, reporting infrastructure, and risk related data initiatives.
- Experience utilizing Python, SQL, Excel, or similar tools to automate reporting and analyze large data sets.
- Knowledge of risk platforms and trade monitoring tools such as Bloomberg.
- Strong knowledge of risk metrics (e.g. VaR, and Greeks).
- Experience assessing institutional, margin lending, or counterparty credit exposures.
- Understanding of capital and regulatory (e.g. CIRO) requirements related to credit risk.
- Analytical mindset with strong attention to detail.
- Knowledge of collateral management and concentration risk assessment.
- Strong communication and escalation skills.
- High attention to detail, strong problem-solving skills, and a proactive approach to improving data quality and risk processes.
- Knowledge of financial services products, processes, and industry is an asset.
- Capable of assimilating complex material, and to identify and discuss complicated concepts.
- Able to work on own initiative and develop practical solutions under pressure.
- Advanced proficiency with Microsoft Excel, SQL and PowerPoint.
We believe exceptional work deserves exceptional recognition. That’s why we offer a competitive compensation package designed to support your success today—and your financial well‑being tomorrow. For this role, your total rewards include:
- RRSP Contribution: After 6 months of employment, we invest in your future with an RRSP contribution—no employee matching required. We offer market-aligned rates that recognize the specialized skills and agility required for this role. We’re proud to offer a compensation package that aligns with provincial pay transparency requirements.
- Flexible working arrangements - 100% remote, hybrid, and in office options
- Competitive total compensation, including company contributions to your group RRSP without a matching requirement from you
- Comprehensive health benefits that start on your first day, with 100% employer-paid premiums, that include up to $6000 annually for mental health services and therapy
- Parental leave top-up to 100% of your salary for a period of 25 weeks
- Up to $650 for home office equipment
- Generous time off policy, including 2 paid days annually to volunteer at a charity of your choice
- Diversity and inclusion programs, including an active network of Employee Resource Groups
- Extensive professional development opportunities, including access to over 11,000 training and development courses, tuition reimbursement, and monetary rewards for completing a required designation
- We care a lot about fostering a compassionate, people‑centric culture, and are proud to have been named one of Canada’s Top 100 employers for the last five years.
Fidelity Canada is an equal opportunity employer. Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally‑protected ground.
Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email us at FidelityCanadaStaffing@fidelity.ca.
We are proud to be recipients of the following:
- Canada's Top 100 Employers
- Greater Toronto's Top Employers
- Canada's Top Family‑Friendly Employers
- Canada's Top Employers for Young People
- Great Place to Work® Certified
- Best Workplaces for Inclusion
- Best Workplaces for Mental Wellness
- Best Workplaces for Today's Youth
- Best Workplaces for Women
- Best Workplaces in Financial Services & Insurance
- Best Workplaces in Ontario
- Best Workplaces with Most Trusted Executive Teams
- LinkedIn Top Companies in Canada
- Human Resource Director (HRD) - Best Place To Work
- HRD - 5-Star Benefit Program
- HRD - 5-Star Diversity & Inclusion Employer Designations
- Canadian Compassionate Companies – Certified
- Benefits Canada's Workplace Benefits Award - Future of Work Strategy
- TalentEgg National Recruitment Excellence Award - Special Award for Diversity & Inclusion in Recruiting
- Canadian HR Reporter's Most Innovative HR Team
Fidelity Canada has become an employer of choice for talented people seeking rewarding career opportunities in the financial services industry. We look to hire outstanding individuals who want to maximize their potential and be challenged in all aspects of their professional careers. To help our employees excel in their roles at Fidelity, we provide everyone here with the best training, resources and support possible throughout their careers. With our help, there’s no limit to what you can accomplish here. We’re excited you’re considering Fidelity for your career plans.
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