Director, Credit Risk and Portfolio Oversight

SMBC Group; Toronto; On-site; CAD 120,000 - 180,000; Full time

Job summary

SMBC Group is seeking a Director of Credit Risk and Portfolio Oversight in Toronto. This leadership role involves overseeing financial risk management, developing risk assessment frameworks, and collaborating with senior management to optimize risk-return trade-offs. The ideal candidate will have extensive experience in financial risk management, strong analytical skills, and a proven track record in leadership.

Qualifications

• Over 10 years of experience in financial risk or portfolio management.
• Expertise in credit markets and risk analysis.
• Proven leadership skills in managing teams.

Responsibilities

• Lead financial risk management functions with a focus on credit risk.
• Develop stress testing and scenario analysis frameworks.
• Ensure compliance with regulatory standards and best practices.

Skills

Quantitative analysis

Statistical modeling

Risk assessment

Analytical skills

Problem-solving skills

Communication

Education

Bachelor’s degree in Finance, Economics, Mathematics

Master’s degree or certifications like FRM or CFA

Tools

Risk management software

Excel

Job description

Director, Credit Risk and Portfolio Oversight

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Role Overview

We are seeking an exceptional leader to serve as Director of Credit Risk and Portfolio Oversight, reporting directly to the Chief Risk Officer. The successful candidate will oversee the financial risk management function, with a primary focus 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 financial risk management functions, emphasizing credit risk and transaction review.
• Develop and implement stress testing, scenario analysis, and sensitivity testing frameworks to evaluate portfolio resilience under various economic scenarios.
• Conduct portfolio deep dives, analyze risk exposures, and identify 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, coverage bankers, and other stakeholders to optimize risk-return trade-offs and support strategic decisions.
• Participate in annual risk appetite reviews, including establishing, back-testing, 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, Credit Portfolio Committee, and risk management meetings.
• Engage with industry networks through meetings, events, and trade organizations to stay informed of emerging risk trends and credit products.
• Monitor market developments, regulatory changes, and industry trends impacting risk management, providing insights and recommendations 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 field; Master’s degree or certifications like FRM or CFA are highly preferred.
• Over 10 years of progressive experience in financial risk or portfolio management within major banking or consultancy firms.
• Expertise in quantitative analysis, statistical modeling, and risk assessment, with a focus on portfolio risk management.
• Deep understanding of credit markets, risk analysis, and credit structuring, with experience in creating models, risk ratings, and loss estimates.
• Proven leadership skills, capable of inspiring teams and driving strategic initiatives.
• Strong knowledge of financial markets, products, and regulatory requirements, with the ability to translate complex concepts into strategic insights.
• Excellent communication and interpersonal skills for engaging stakeholders at all levels.
• Strong analytical and problem-solving skills, with a track record of innovative risk management solutions.
• Proficiency in risk management software and advanced Excel skills.

About SMBC

SMBC Group is a top-tier global financial institution headquartered in Tokyo with a 400-year history. It offers diverse financial services worldwide, with a presence in nearly 40 countries and over 80,000 employees. SMBC is part of Sumitomo Mitsui Financial Group, one of Japan's largest banking groups, listed on multiple stock exchanges including NYSE.

SMBC provides a range of services including banking, leasing, securities, and consumer finance, connecting clients to local and global markets. The group is committed to diversity and inclusivity, offering accommodations for employees with disabilities during the application process.

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Director Credit Risk • Toronto, ON, Canada