Director Credit Risk

Thorek / Scott and Partners; Toronto; On-site; CAD 120,000 - 180,000; Full time

Job summary

A leading recruitment firm seeks a Director of Credit Risk to oversee credit risk and portfolio management within a major bank's operations in Canada. This leadership role offers an opportunity to shape financial risk management and collaborate closely with senior leadership and global stakeholders. The ideal candidate will have a strong background in finance, extensive experience in risk management, and exceptional analytical skills, alongside a solid educational foundation.

Qualifications

• Over 10 years of progressive experience in financial risk management.
• Proven leadership experience with strong communication skills.
• Demonstrated expertise in portfolio risk management.

Responsibilities

• Lead and manage the financial risk management function.
• Develop and implement stress testing frameworks.
• Enhance risk management policies and procedures.

Skills

Quantitative analysis

Statistical modeling

Risk assessment methodologies

Leadership

Analytical skills

Problem-solving

Education

Bachelor’s degree in finance or related field

Master's degree or professional certification (e.g., FRM, CFA)

Tools

Risk management software

Microsoft Excel

Job description

Thorek / Scott and Partners (TSP) has been connecting accomplished organizations with talented individuals for almost four decades. At TSP, our track record of successfully completing challenging searches across the professional spectrum has earned us an exceptional reputation at the forefront of the recruitment industry. Our Canadian and International clients include : global banks and non-bank financial institutions, private equity and investment funds, professional service firms, and entrepreneurial businesses in a variety of industries. We value the human connection and distinguish ourselves through an unwavering dedication to understanding the goals and motivations of our clients and candidates alike.

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

Position Overview

Reporting directly to the Chief Risk Officer, the Director of Credit Risk will play a key leadership role in overseeing credit risk and portfolio management activities across the Bank’s Canadian operations. This is a high-impact position that offers the opportunity to shape the financial risk management framework and collaborate closely with senior leadership, front office teams, and global stakeholders.

Key responsibilities include leading the transaction review and approval process, designing and implementing stress testing and scenario analysis frameworks, conducting in-depth portfolio risk assessments, and enhancing risk management policies and reporting processes. The Director will also support risk appetite development, participate in strategic planning, and engage with external regulatory bodies to ensure compliance and transparency.

Role Responsibilities

• Lead and manage the financial risk management function - credit risk with a particular emphasis on transaction review / deals.
• Lead the development and implementation of stress testing, scenario analysis, and sensitivity testing frameworks to assess the resilience of the bank's portfolios under various economic scenarios.
• Perform portfolio deep dives and analysis & assessment of risk exposures along with, identifying emerging risks and opportunities.
• Develop and implement robust risk management policies, procedures, and frameworks in alignment with regulatory requirements and industry best practices.
• Collaborate closely with senior management, Front office / Coverage bankers business units, and other stakeholders to optimize risk-return trade-offs and support strategic decision-making.
• Participate in annual risk appetite refresh specifically with regards to establishing, back testing and calibrating Credit & portfolio Metrics, Limits and KRIs
• Ensure the timely and accurate reporting of risk metrics, key risk indicators (KRIs), and risk appetite metrics to senior management and relevant committees.
• Support long- and short-term planning, new product development, Credit Portfolio Committeeand risk management meetings.
• Network within the industry through meetings, events and involvement with trade organizations to better understand emerging risk trends and credit products.
• Stay abreast of market developments, regulatory changes, and industry trends impacting financial risk management, providing insights and recommendations to senior leadership.
• Provide strategic guidance and direction to the Front office / Coverage bankers, fostering a culture of excellence, collaboration, and continuous improvement.
• Build and maintain effective relationships with regulators, auditors, and external partners, ensuring compliance with regulatory requirements and audit standards.

Desired 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, portfolio management, or related roles within a major bank or management consultancy.
• Demonstrated expertise in quantitative analysis, statistical modeling, and risk assessment methodologies, with a strong focus on portfolio risk management.
• Display an advanced understanding of credit markets and risk analysis to create models, risk ratings, loss estimates and risk management strategies. Demonstrate a 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.
• Deep understanding of financial markets, products, and regulatory requirements, with the ability to translate complex concepts into actionable insights and strategies.
• Excellent communication and interpersonal skills, with the ability to effectively engage with stakeholders at all levels of the organization.
• Strong analytical and problem-solving skills, with a track record of delivering innovative solutions to complex risk management challenges.
• Proficiency in risk management software and tools, as well as advanced Microsoft Excel skills.

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

This open role is currently being featured by Thorek / Scott and Partners! We highlight a variety of open roles every week. If you save this position to apply to 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.

In sharing your resume, you place your trust in us to treat you with integrity and respect and act in your best interests. All resumes will be held in the strictest of confidence. Those who most closely meet our client’s requirements will be contacted for an interview.

Please pass this opportunity forward. We welcome all referrals should someone in your network benefit from this opportunity.

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Director Credit Risk • Toronto, ON, Canada