Credit Risk Officer

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

Job summary

An established industry player is seeking a Credit Risk Officer to oversee risk management processes and ensure compliance within the financial services sector. This pivotal role involves monitoring credit risk portfolios, developing key risk indicators, and advising on strategic decisions. The ideal candidate will possess extensive experience in credit risk management, a strong analytical mindset, and excellent communication skills. Join a forward-thinking company that values diversity and innovation, and contribute to shaping the future of risk management in a dynamic environment.

Qualifications

• Minimum 10 years in finance, 7 years in credit risk management.
• Strong understanding of regulatory environment in financial services.

Responsibilities

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

Skills

Credit Risk Management

Financial Analysis

Regulatory Compliance

Analytical Skills

Communication Skills

Education

Bachelor’s Degree in Finance

Professional Certification (CPA, CFA, etc.)

MBA

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 would be preferred but open to other candidates based 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 responsible (i.e. first
line of defense 1B) for the oversight of lending strategies decisions, for risk oversight of models and for developing and monitoring key risk indicators with the credit portfolio of IAAF and will be
designated as Business Risk Officer. This role will report to the Senior Director, Risk Management and Compliance of IA Dealer Services -and IA Auto Finance

Main Responsibilities:

Provide the effective challenge of Expected Credit Losses (ECL) Model to ensure adequate provisioning with respect to IFRS9 with the Modeling Director and other functions in IAAF and aligned with the Group Risk Management and Compliance.

Develop, monitor, and update key risk indicators (eg: such as Value at Risk) to measure the risk profile and provide a comprehensive and holistic view of risk across the sector to support decision-making.

Coordinate the work required by the Group Risk Management and Compliance team, with sales, pricing, modeling, and other functions within the sector, and successfully implement new initiatives developed by the team. Elaborate and produce regular reporting to Group Risk Management and Compliance.

Conducting risk assessments, including financial analysis, industry research, and market trends, to identify emerging risks and opportunities within the credit lifecycle process (eg: Credit underwriting and adjudication) and work with the Modeling Director and teams to implement the appropriate risk mitigation.

Serve in an advisory capacity and, in accordance with the accountability and monitoring protocols agreed upon with Group Risk Management and Compliance for the IAAF Management Team activities.

In their role as Credit Risk Officer and first line of defense 1B, participate in executive committee meetings and sector governance meetings, to obtain and communicate the information required to fulfil their role and responsibilities within the sector.

Ideal Background:

Minimum 10 years of experience in finance including at least 7 years in a credit risk management position.

Bachelor’s degree in a related field such as finance, accounting, actuarial or any relevant field.

Hold a professional certification such as a CPA, FSA, FICA, FCAS, CFA or FRM

Knowledge and experience with legal procedures and working with credit collection agencies;

Strong understanding of the regulatory environment of the financial services industry in Canada, such as three lines of defenses.

Excellent analytical skills,

Strong written and verbal communication skills.

What would be an Asset

An MBA

Advanced level in French both written and spoken would be considered an asset

Knowledge and experience in the automotive industry

Experience and knowledge of the sub-prime industry

Compensation

Thetypical hiring range for this position is from $110,000 and $140,000 annually; the base pay offered is based on location and may vary depending on skills, job-related knowledge, experience, and internal equity. All permanent employees of iA are also entitled to an annual bonus.

Location(s)

Toronto / 26 Wellington Street East (35 Hrs)

Other Possible Location(s)

Montreal / 2200 McGill College Avenue (35 Hrs) (inactive)

Job Description

Department: Dealer Services Level: Director Location: Oakville or Toronto would be preferred but open to other candidates based 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 responsible (i.e. first
line of defense 1B) for the oversight of lending strategies decisions, for risk oversight of models and for developing and monitoring key risk indicators with the credit portfolio of IAAF and will be
designated as Business Risk Officer. This role will report to the Senior Director, Risk Management and Compliance of IA Dealer Services -and IA Auto Finance

Main Responsibilities:

• Provide the effective challenge of Expected Credit Losses (ECL) Model to ensure adequate provisioning with respect to IFRS9 with the Modeling Director and other functions in IAAF and aligned with the Group Risk Management and Compliance.

• Develop, monitor, and update key risk indicators (eg: such as Value at Risk) to measure the risk profile and provide a comprehensive and holistic view of risk across the sector to support decision-making.

• Coordinate the work required by the Group Risk Management and Compliance team, with sales, pricing, modeling, and other functions within the sector, and successfully implement new initiatives developed by the team. Elaborate and produce regular reporting to Group Risk Management and Compliance.

• Conducting risk assessments, including financial analysis, industry research, and market trends, to identify emerging risks and opportunities within the credit lifecycle process (eg: Credit underwriting and adjudication) and work with the Modeling Director and teams to implement the appropriate risk mitigation.

• Serve in an advisory capacity and, in accordance with the accountability and monitoring protocols agreed upon with Group Risk Management and Compliance for the IAAF Management Team activities.

• In their role as Credit Risk Officer and first line of defense 1B, participate in executive committee meetings and sector governance meetings, to obtain and communicate the information required to fulfil their role and responsibilities within the sector.

Ideal Background:

• Minimum 10 years of experience in finance including at least 7 years in a credit risk management position.

• Bachelor’s degree in a related field such as finance, accounting, actuarial or any relevant field.

• Hold a professional certification such as a CPA, FSA, FICA, FCAS, CFA or FRM

• Knowledge and experience with legal procedures and working with credit collection agencies;

• Strong understanding of the regulatory environment of the financial services industry in Canada, such as three lines of defenses.

• Excellent analytical skills,

• Strong written and verbal communication skills.

What would be an Asset

• An MBA

• Advanced level in French both written and spoken would be considered an asset

• Knowledge and experience in the automotive industry

• Experience and knowledge of the sub-prime industry

Compensation

Thetypical hiring range for this position is from $110,000 and $140,000 annually; the base pay offered is based on location and may vary depending on skills, job-related knowledge, experience, and internal equity. All permanent employees of iA are also entitled to an annual bonus.

Location(s)

Toronto / 26 Wellington Street East (35 Hrs)

Other Possible Location(s)

Montreal / 2200 McGill College Avenue (35 Hrs) (inactive)

Company

iA Financial Group

Posting End Date

2025-05-19

Company Overview

iA Financial Group* is the strength of a company with a human side, with its over 8,000 employees. Together, we have earned the trust of our more than four million clients and 25,000 advisors who have chosen us for their insurance, savings, and wealth management.

With over $200 billion in assets and half a billion invested in technological innovation, we’re a key player in the financial services industry in Canada and the United States. The secret to our success? Investing in you, one person at a time. Because, for over 125 years, we have believed that it’s by supporting our employees and surrounding ourselves with the most reputable leaders in the industry, we will continue to innovate.

At iA, we’re invested in you.

* iA Financial group includes the following entities: iA Services financiers, iA assurance auto et habitation, iA Gestion privée de patrimoine, PPI Management, Investia, iA Gestion de placements, Prysm, iA Clarington, Michel Rhéaume et associés, Garanties Nationales, WGI Manufacturing, WGI Service Plan Division, Lubrico, iA Financement auto

Our Commitment to Diversity and Inclusion

At iA Financial Group, we support and celebrate diversity. We strive to provide a workplace that is recognized as inclusive for all, regardless of ethnic origin, nationality, language, religious beliefs, gender, sexual orientation, age, marital status, family situation, or physical or mental disability.

Please note that if you need help or assistance to make the recruitment process more accessible for you, please Contact us here . Someone from our team will be happy to assist you with your needs.

iA Among Canada's Best Employers

As a reflection of our employees’ appreciation, iA Financial Group is once again among Canada's Best Employers according to Forbes for 2025, ranking 4th in the insurance sector.

About us

At iA Financial Group, our differences make us unique. We are committed to supporting and celebrating diversity because we believe that it is by bridging our differences that we will be stronger.

Our employees’ wellbeing is our priority. We are also committed to creating a stimulating and safe work environment, in addition to offering a real work-life balance with our flexible work model. As a reflection of our employees’ appreciation, iA has been ranked as one of the top employers in Canada in 2023 by Glassdoor and Forbes.

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