Credit Risk Officer

iA American Warranty Group; Calgary; Remote; CAD 110,000 - 140,000; Full time

Job summary

An established industry player is seeking a Credit Risk Officer to lead risk management initiatives. This pivotal role involves monitoring credit risk portfolios, ensuring compliance with financial regulations, and providing strategic insights to enhance decision-making processes. The ideal candidate will possess extensive experience in finance and credit risk management, along with strong analytical and communication skills. Join a forward-thinking company committed to diversity and inclusion, where your expertise will contribute to shaping the future of financial services in Canada.

Qualifications

• 10+ years in finance, with 7+ years in credit risk management.
• Strong analytical and communication skills are essential.

Responsibilities

• Monitor Credit Risk portfolios and ensure adherence to risk management framework.
• Conduct risk assessments and identify emerging risks and opportunities.

Skills

Credit Risk Management

Financial Analysis

Analytical Skills

Communication Skills

Industry Research

Education

Bachelor’s degree in Finance

Professional certifications (CPA, CFA, etc.)

MBA

Job description

6 days ago Be among the first 25 applicants

Job Description

Dealer Services
Level: Director
Location: Oakville or Toronto preferred, open to candidates across Canada
Type: Permanent
Working Conditions: Work from Home, optional office presence, attendance for Key Moments

The Credit Risk Officer will ensure integrated and continuous risk management, using structured and consistent processes to identify, assess, manage, and control risks and their impact on activities and results. They will evaluate the sector’s risk profile and confirm adherence to required risk appetite and tolerance.

The successful candidate will be responsible for objectively monitoring Credit Risk portfolios and ensuring application, adherence, and efficacy of the risk management framework. They are responsible for monitoring emerging risks and ensuring that they are considered in the sector's strategic decisions. The Credit Risk Officer is part of the first line of defense (first line of defense 1B) responsible for oversight of lending strategies decisions, risk oversight of models, and developing and monitoring key risk indicators within the credit portfolio of IAAF. This role will report to the Senior Director, Risk Management and Compliance of IA Dealer Services and IA Auto Finance.

Main Responsibilities:

1. Provide effective challenge of Expected Credit Losses (ECL) Model to ensure adequate provisioning respecting IFRS9, in collaboration with the Modeling Director and other functions in IAAF, aligned with Group Risk Management and Compliance.
2. Develop, monitor, and update key risk indicators (e.g., Value at Risk) to measure the risk profile and support decision-making.
3. Coordinate work with Group Risk Management and Compliance, sales, pricing, modeling, and other functions; implement new initiatives and produce regular reports.
4. Conduct risk assessments, including financial analysis, industry research, and market trends, to identify emerging risks and opportunities, working with the Modeling Director to implement risk mitigation.
5. Serve as an advisor and participate in governance meetings to communicate information and fulfill responsibilities within the sector.

Ideal Background:

• Minimum 10 years in finance, including at least 7 in credit risk management.
• Bachelor’s degree in finance, accounting, actuarial, or related field.
• Professional certifications such as CPA, FSA, FICA, FCAS, CFA, or FRM.
• Knowledge of legal procedures and credit collection agencies.
• Understanding of Canadian financial services regulation, including three lines of defense.
• Excellent analytical and communication skills.

Assets:

• MBA
• Fluent in French (written and spoken)
• Experience in the automotive or sub-prime industry

Compensation:

The typical salary range is $110,000 to $140,000 annually, based on location, skills, experience, and internal equity. Employees are also entitled to an annual bonus.

Company: IA Financial Services Inc.

Posting End Date: 2025-05-16

About Us:

Part of iA Financial Group, a leading insurance and wealth management company in North America, with a history dating back to 1892. We offer a range of products including automotive protection, life insurance, and more. We are committed to diversity and inclusion, aiming to build a diverse team that reflects the communities we serve.

Seniority level

• Director

Employment type

• Full-time

Job function

• Finance and Sales