Credit Risk Officer

Iaawg; Toronto; Hybrid; CAD 110,000 - 140,000; Full time

Job summary

A leading company in the financial sector is seeking a Credit Risk Officer to oversee risk management processes and ensure compliance with regulations. The successful candidate will have extensive experience in credit risk management and will play a key role in strategic decision-making. This position offers the flexibility of working from home or in the office, with a competitive salary and bonus structure.

Qualifications

• Minimum 10 years of experience in finance, including at least 7 years in credit risk management.
• Professional certifications such as CPA, FSA, FICA, FCAS, CFA, or FRM.
• Strong understanding of the Canadian financial regulatory environment.

Responsibilities

• Monitor Credit Risk portfolios and ensure adherence to risk management framework.
• Conduct risk assessments and identify emerging risks and opportunities.
• Participate in executive and governance meetings to communicate responsibilities.

Skills

Analytical skills

Communication skills

Education

Bachelor’s degree in finance, accounting, actuarial, or relevant field

Job description

Time left to apply: End Date : May 19, 2025 (11 days left to apply)

Job requisition ID: JR10021761

Job Description

Department : Dealer Services

Level : Director

Location : Oakville or Toronto preferred, open to candidates across Canada

Type : Permanent

Working Conditions : Working from Home, choice to work from office, 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) for the oversight of lending strategies decisions, risk oversight of models, and developing and monitoring key risk indicators with the credit portfolio of IAAF. They will be designated as Business Risk Officer and will report to the Senior Director, Risk Management and Compliance of IA Dealer Services and IA Auto Finance.

Main Responsibilities

• Provide effective challenge of Expected Credit Losses (ECL) Model to ensure adequate provisioning with respect to IFRS9, collaborating with the Modeling Director and other functions in IAAF, aligned with Group Risk Management and Compliance.
• Develop, monitor, and update key risk indicators (e.g., Value at Risk) to measure the risk profile and support decision-making.
• Coordinate work with the Group Risk Management and Compliance team, and implement new initiatives; produce regular reports.
• 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.
• Serve in an advisory capacity, ensuring compliance with protocols for the IAAF Management Team activities.
• Participate in executive and governance meetings to communicate and fulfill role responsibilities.

Minimum Qualifications

• Minimum 10 years of experience in finance, including at least 7 years in credit risk management.
• Bachelor’s degree in finance, accounting, actuarial, or relevant field.
• Professional certifications such as CPA, FSA, FICA, FCAS, CFA, or FRM.
• Knowledge of legal procedures and experience working with credit collection agencies.
• Strong understanding of the Canadian financial regulatory environment and the three lines of defense.
• Excellent analytical, written, and verbal communication skills.

Assets

• An MBA.
• Advanced proficiency in French (written and spoken).
• Experience in the automotive industry.
• Knowledge of the sub-prime industry.

Compensation

The typical salary range is from $110,000 to $140,000 annually, depending on location, skills, experience, and internal equity. All permanent employees are also entitled to an annual bonus.

Location(s)

Other possible locations include Montreal / 2200 McGill College Avenue (inactive).

Company & Additional Info

[Company overview, diversity commitment, awards, and application info as provided]