Director, Fundamental Credit Risk

Healthcare of Ontario Pension Plan Trust Fund Company; Toronto; On-site; CAD 120,000 - 160,000; Full time

Benefits offered by this job

Company-paid extended health and dental benefits

Membership in a defined benefit pension plan

Learning and development initiatives

Job summary

The Healthcare of Ontario Pension Plan Trust Fund Company is seeking a Director, Fundamental Credit Risk to support their Risk and Strategy function. This role involves conducting rigorous credit assessments and providing advisory support for public and private debt investments.

Ideal candidates will possess 5+ years of experience in credit risk analysis and strong financial analysis skills, with the ability to clearly communicate risks to senior stakeholders.

Qualifications

• 5+ years of progressive experience in credit risk analysis or related investment risk roles.
• Advanced expertise in credit risk analysis for private debt and complex financing structures.
• Strong judgment and ability to challenge investment theses.

Responsibilities

• Conduct independent credit assessments of private and public debt investments.
• Develop the internal credit assessment and rating framework for private credit.
• Provide timely credit risk advice throughout the transaction lifecycle.

Skills

Credit risk analysis

Financial analysis

Analytical rigor

Communication skills

Education

University degree in finance, economics, business or related discipline

Master's degree in relevant discipline

Job description

Benefits

• Equity, diversity, and inclusion are fundamental to our work environment and business success.
• Learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning.
• Membership in HOOPP’s world‑class defined benefit pension plan, an important part of retirement security.
• 100% company‑paid extended health and dental benefits for permanent employees.
• Coverage supporting mental health, including gender‑affirmation, fertility and drug treatment, psychological support benefits of $2,500peryear, parental leave top‑up, and a health spending account.
• Optional post‑retirement health and dental benefits subsidized at 50%.
• Wellness offerings such as yoga classes, meditation workshops, nutritional consultations and wellness seminars.
• Opportunity to help care for those who care for us, by providing a financially secure retirement for Ontario healthcare workers.

Job Summary

The Director, Fundamental Credit Risk supports the objectives of the Risk and Strategy function by providing independent, rigorous credit risk assessment and advisory support for public and private debt investments. Working closely with investment teams, technology partners and risk specialists, the role delivers value‑added transaction reviews, applies internal credit assessment methodologies and contributes to the development of effective credit monitoring practices. The position plays a key role in ensuring that credit risks are appropriately identified, evaluated and communicated to support informed investment decision‑making and portfolio resilience.

What you will do

• Conduct independent credit assessments of private and selected public debt investments by reviewing investment proposals, financial statements, projections, and structural features to evaluate risk‑return adequacy.
• Own the execution and ongoing development of the internal credit assessment and rating framework for private credit and structured debt investments, leveraging advanced analytics (including AI) and leading industry practices to strengthen risk evaluation.
• Provide timely, practical and well‑reasoned credit risk advice to investment teams throughout the transaction lifecycle while maintaining independent risk judgment.
• Analyze complex financing structures, including cash flow priorities, covenant frameworks, collateral arrangements and downside protection mechanisms.
• Support ongoing credit surveillance through regular monitoring of portfolio exposures, financial performance, third‑party research and relevant market developments.
• Identify, synthesize and communicate emerging credit risks, trends and potential credit events to senior stakeholders, providing clear recommendations aligned with portfolio objectives.

What you bring

• University degree in finance, economics, business or a related discipline.
• 5+ years of progressive experience in credit risk analysis, private credit, structured finance or related investment risk roles, with a strong focus on private and complex debt investments.
• Master’s degree in a relevant discipline and/or professional risk or investment designation.
• Advanced expertise in credit risk analysis for private debt and complex financing structures, including the ability to assess structural protections, downside risk and recovery outcomes.
• Strong financial analysis skills, including the evaluation of financial statements, business models, cash flow projections and stress scenarios.
• Demonstrated ability to apply and interpret internal or external credit assessment frameworks for illiquid and non‑public investments.
• Strong judgment and analytical rigor, with the confidence to challenge assumptions and investment theses constructively.
• Excellent written and verbal communication skills, with the ability to clearly articulate credit risks and recommendations to senior and diverse stakeholders.

If you need accommodation at any point in our recruitment process, please advise your recruiter or email us at [e-mail] and we will be happy to consult with you so that arrangements can be made for reasonable accommodation.