Credit Risk Officer

UBS; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A major global wealth management firm in Toronto is seeking a Credit Officer to evaluate credit risks associated with secured lending for Wealth Management clients. The ideal candidate has strong analytical skills, a relevant bachelor's degree, and over 5 years of experience in a related field. This role involves preparing credit proposals and monitoring risk across a portfolio. The firm offers a supportive culture with opportunities for growth.

Benefits

Flexible working options

Supportive team environment

Opportunities for growth

Qualifications

• 5+ years of experience in a similar or related field.
• Prior experience with due diligence and analysis of the financial condition of Wealth Management counterparties.
• Knowledge and understanding of financial markets and Canadian regulatory environments.

Responsibilities

• Evaluate counterparty and collateral credit risks associated with secured lending.
• Monitor credit risk on a portfolio level and perform margin call oversight.
• Prepare written counterparty credit proposals relating to credit assessment.

Skills

Strong analytical skills

Attention to detail

Risk assessment

Education

Bachelor's degree in Finance, Economics, Accounting, or related areas

Job description

Job Reference #

323067BR

City

Toronto

Job Type

Full Time

Your role

Are you independent and self-driven? Do you have sharp analytic skills and are able to handle complex transactions that require enhanced due diligence?

We’re looking for you to:
• evaluate counterparty and collateral credit risks associated with secured lending for Wealth Management clients across Canada
• utilize delegated personal authority (within established risk-based limits) to approve loans
• interact with the business units in relation to transactions to ensure the risk fit UBS's ultimate appetite in the sector
• evaluate transactional risks associated with securities financing, banking products, over -the counter (OTC) and exchange – traded derivatives (ETD)
• prepare a written counterparty credit proposal relating to credit assessment and risk appetite
• monitor credit risk on a portfolio level, perform margin call oversight and take remediation action as per policy

Your team

You’ll be working in UBS Bank (Canada) Main Office in Toronto where transactions will be reviewed for Wealth management clients. This role is responsible for the credit assessment, monitoring, control and transaction decision approval of UBS's counterparties, which primarily encompass private individuals, their wealth management entities, and family offices. You will serve as a Credit Officer focusing on quantitative risk assessment of transactions and counterparty credit analysis.

Your expertise

• Bachelor's degree in Finance, Economics, Accounting, or related areas
• 5+ years of experience in a similar or related field
• strong analytical skills, attention to detail and the ability to identify key risk issues in complex situations and to formulate precise credit assessments and credit recommendations, both in writing and verbally
• prior experience with due diligence and analysis of the financial condition of Wealth Management counterparties
• knowledge and understanding of financial markets, a breadth of trading and lending products and the Canadian regulatory environments

About us

UBS is the world’s largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors.

We have a presence in all major financial centers in more than 50 countries.

Join us

At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We’re dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. We also recognize that great work is never done alone. That’s why collaboration is at the heart of everything we do. Because together, we’re more than ourselves.

We’re committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.

Contact Details

UBS Business Solutions SA
UBS Recruiting

Disclaimer / Policy statements

UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.

UBS Canada is committed to providing equal employment opportunity to all applicants and employees. This applies to everything we do – hire, evaluate, promote, compensate, train and terminate. UBS Canada will reasonably accommodate applicants with disabilities who need adjustments to participate in the application, assessment or interview process. To initiate a request for an accommodation contact HR Employee Advisory by email [e-mail] or phone [phone], option 2, option 5, option 1.