Director Credit Risk

Thorek / Scott and Partners; Toronto; On-site; CAD 120,000 - 160,000; Full time

Job summary

A leading recruitment agency is seeking a Director of Corporate Credit Risk & Portfolio Management based in Toronto. This key leadership role involves overseeing credit risk activities, ensuring compliance with internal policies, and leading transaction approvals. The ideal candidate has over 10 years of financial risk management experience and strong analytical skills. A Bachelor's degree in finance is required, with a Master's or relevant certification being highly desirable.

Qualifications

• Over 10 years of progressive experience in financial risk management.
• Advanced understanding of credit markets and risk analysis.
• Excellent communication and interpersonal skills.

Responsibilities

• Lead transaction review and approval process for corporate loans.
• Ensure compliance with internal credit policies and regulatory standards.
• Participate in regulatory examinations and compliance reviews.

Skills

Financial risk management

Credit risk analysis

Leadership

Communication

Analytical skills

Education

Bachelor’s degree in finance or related field

Master’s degree or professional certification (FRM, CFA)

Tools

Risk management software

Excel

Job description

Overview

Director, Corporate Credit Risk & Portfolio Management. Reporting directly to the Chief Risk Officer, the Director will play a key leadership role in overseeing credit risk activities across the Bank’s Canadian operations. This high-impact role offers the opportunity to shape the financial risk management framework and collaborate closely with senior leadership, front office teams, and global stakeholders. The successful candidate will oversee corporate loan transactions prior to their execution and maintain models used to ascertain credit risk.

Our Client

Our client is the Canadian Branch of a full-stack global bank with more than 130 offices worldwide. The North American division offers commercial and investment banking services to corporate and institutional clients. We have partnered with the Chief Risk Officer of the Canadian Branch to source a Director, Corporate Credit Risk & Portfolio Management.

Role Responsibilities

• Lead the transaction review and approval process for corporate loans, ensuring compliance with internal credit policies, regulatory frameworks, and risk appetite standards.
• Act as a second-line risk function by providing independent credit assessments and oversight of front-line credit proposals, ensuring objective, risk-based decision-making.
• Maintain familiarity with applicable regulatory frameworks (e.g., OSFI Canada, OCC / FDIC US, Basel III / IV) and relevant accounting standards (IFRS 9 or CECL) as they pertain to credit adjudication and risk controls.
• Ensure adjudication practices align with regulatory expectations on concentration risk, large exposure limits, sector caps, and related-party lending restrictions.
• Participate in regulatory examinations, internal audits, and compliance reviews; provide SME input and timely responses to findings or remediation efforts.
• Support calibration of internal credit rating systems by providing adjudicator input on borrower risk assessments and alignment with regulatory capital requirements.
• Monitor and enforce consistent application of credit policies, risk rating frameworks, and security.

Qualifications

• Bachelor’s degree in finance, economics, mathematics, or a related field. Master’s degree or professional certification (e.g., FRM, CFA) is highly desirable.
• Over 10 years of progressive experience in financial risk management or related roles within a major bank or management consultancy.
• Advanced understanding of credit markets and risk analysis to create models, risk ratings, loss estimates, and risk management strategies; working knowledge of credit structuring.
• Proven leadership experience, with the ability to inspire and motivate teams, drive strategic initiatives, and foster a culture of risk management excellence.
• Strong understanding of financial markets, products, and regulatory requirements; able to translate complex concepts into actionable insights.
• Excellent communication and interpersonal skills; able to engage stakeholders at all levels.
• Strong analytical and problem-solving skills with a track record of delivering innovative risk management solutions.
• Proficiency in risk management software and tools and advanced Excel skills.

Additional

Please note that at present, legal eligibility to work in Canada is a prerequisite for this role.

This open role is being featured by Thorek / Scott and Partners. We highlight a variety of open roles weekly. If you save this position to apply later, it may appear closed when you revisit it. For a full list of all open positions, please visit www.thorekscott.com.

We appreciate your interest in this role. Resumes will be treated confidentially. Those who most closely meet our client’s requirements will be contacted for an interview. Referrals are welcome.

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