Director, Credit Risk and Portfolio Oversight

SMBC; Old Toronto; On-site; CAD 100,000 - 160,000; Full time

Job summary

An established industry player is looking for a Director of Credit Risk and Portfolio Oversight to lead their financial risk management strategy in Toronto. This vital role includes overseeing credit risk functions, developing stress testing frameworks, and ensuring compliance with regulatory standards. The successful candidate will collaborate with senior management and engage with industry networks to optimize risk-return trade-offs. With a focus on innovation and excellence, this position offers the chance to significantly influence the company's risk management practices and drive strategic initiatives. If you have a passion for financial risk management and a track record of leadership, this opportunity is for you.

Qualifications

• 10+ years of experience in financial risk management or portfolio management.
• Expertise in quantitative analysis and risk assessment for portfolios.

Responsibilities

• Lead the credit risk function focusing on transaction review and deal assessment.
• Develop frameworks for stress testing and scenario analysis.

Skills

Quantitative Analysis

Risk Assessment

Statistical Modeling

Credit Structuring

Analytical Skills

Leadership

Communication Skills

Education

Bachelor's Degree in Finance

Master's Degree or Professional Certifications (FRM, CFA)

Tools

Risk Management Software

Advanced Excel Skills

Job description

Role Overview

We are seeking an exceptional leader for the position of Director of Credit Risk and Portfolio Oversight. Reporting directly to the Chief Risk Officer, the successful candidate will oversee the financial risk management function, focusing primarily on portfolio management. This pivotal role offers the opportunity to shape and drive SMBC's financial risk management strategy in Toronto.

Key Responsibilities

1. Lead and manage the credit risk function, emphasizing transaction review and deal assessment.
2. Develop and implement stress testing, scenario analysis, and sensitivity testing frameworks to evaluate portfolio resilience under various economic conditions.
3. Conduct deep dives into portfolios, analyzing risk exposures, and identifying emerging risks and opportunities.
4. Establish and maintain robust risk management policies, procedures, and frameworks aligned with regulatory standards and industry best practices.
5. Collaborate with senior management, front-office teams, and other stakeholders to optimize risk-return trade-offs and support strategic decisions.
6. Participate in annual risk appetite reviews, including establishing, backtesting, and calibrating credit and portfolio metrics, limits, and KRIs.
7. Ensure accurate and timely reporting of risk metrics, KRIs, and risk appetite indicators to senior management and committees.
8. Support planning, new product development, and participation in Credit Portfolio Committee and risk management meetings.
9. Engage with industry networks through meetings, events, and trade organizations to stay informed on emerging risk trends and credit products.
10. Monitor market developments, regulatory changes, and industry trends impacting financial risk management, providing insights to leadership.
11. Provide strategic guidance to front-office teams, fostering a culture of excellence, collaboration, and continuous improvement.
12. Build and maintain relationships with regulators, auditors, and external partners to ensure compliance and audit readiness.

Requirements

1. Bachelor’s degree in finance, Economics, Mathematics, or related fields; Master’s or professional certifications (e.g., FRM, CFA) are highly desirable.
2. Over 10 years of progressive experience in financial risk management or portfolio management within major banks or consulting firms.
3. Expertise in quantitative analysis, statistical modeling, and risk assessment, with a focus on portfolio risk.
4. Strong understanding of credit markets, risk analysis, and credit structuring, with experience in modeling, risk ratings, and loss estimates.
5. Proven leadership skills, capable of inspiring teams and driving strategic initiatives.
6. Deep knowledge of financial markets, products, and regulatory requirements, with the ability to translate complex concepts into actionable strategies.
7. Excellent communication and interpersonal skills to engage stakeholders at all levels.
8. Strong analytical and problem-solving abilities, with a track record of innovative risk management solutions.
9. Proficiency in risk management software, tools, and advanced Excel skills.