Director, Credit Risk and Portfolio Oversight

SMBC; Toronto; On-site; CAD 120,000 - 160,000; Full time

Job summary

A leading financial institution is looking for an exceptional Director of Credit Risk and Portfolio Oversight. This pivotal role involves managing credit risk, leading a team, and implementing robust frameworks to evaluate financial risk and drive strategic initiatives, making it ideal for experienced professionals ready to influence risk management strategies.

Qualifications

• Over 10 years of experience in financial risk management or portfolio management.
• Expertise in credit markets and risk analysis.
• Proven leadership skills with excellent interpersonal abilities.

Responsibilities

• Lead and manage the credit risk function, overseeing transaction reviews.
• Develop and implement stress testing and scenario analysis frameworks.
• Collaborate with senior management for optimizing risk-return trade-offs.

Skills

Quantitative analysis

Statistical modeling

Risk assessment

Leadership

Analytical skills

Communication

Education

Bachelor’s degree in finance, Economics, Mathematics

Master’s or professional certifications (e.g., FRM, CFA)

Tools

Risk management software

Advanced Excel

Job description

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

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

Requirements

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

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Director Credit Risk • Old Toronto, ON, Canada