Manager, Credit Risk Toronto, Canada

Momentum Financial Services Group.; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

An established industry player in financial services is seeking a skilled professional to enhance credit risk strategies. In this dynamic role, you will collaborate with cross-functional teams to analyze credit performance trends and support the development of innovative solutions. Your expertise will drive improvements in profitability and efficiency, while ensuring effective risk management. This position offers a unique opportunity to make a significant impact on the organization’s portfolio health and contribute to the success of diverse financial products. If you are passionate about data-driven decision-making and thrive in a collaborative environment, this role is perfect for you.

Qualifications

• 5+ years of experience in Credit Risk Management within financial services.
• Master’s degree in Decision Science, Data Science, or related field.

Responsibilities

• Support development and implementation of credit risk strategies.
• Analyze data to recommend improvements for credit risk management.

Skills

Data Analysis

Credit Risk Management

SAS

SQL

R

Python

Communication Skills

Excel

Interpersonal Skills

Presentation Skills

Education

Master’s degree in a quantitative field

Tools

Excel

SAS

SQL

R

Python

Job description

Momentum Financial Services is a leading provider of financial services in North America. For 40 years, we've been committed to providing financial solutions that meet the evolving needs of consumers and business owners. Through our retail network of over 400 locations, known as Moneymart, Insta Cheques and the Cheque Cashing store, we provide access to cash and related products to help our customers achieve their goals.

Our highly skilled workforce puts customers first in everything we do. We serve 2 million people annually with diverse and innovative financial products such as loans, cheque cashing, money transfer and prepaid cards. Through this ever-evolving suite of services, we empower customers to manage their finances and improve their lives. Wherever customers are on their financial journey, Momentum Financial Services Group provides solutions.

GENERAL FUNCTION

Reporting to the Senior Manager, Credit Risk, this role will support the development and implementation of strategies to manage credit risk across the organization’s portfolio. This includes conducting risk assessments, formulating adjudication strategies, and analyzing credit performance trends. This role will work closely with cross-functional teams and provide regular reporting to senior management. Additionally, this role will support efforts to enhance existing credit risk strategies and will collaborate with a team of professionals to effectively manage portfolio health.

DUTIES/RESPONSIBILITIES

• Collaborate with the Senior Manager, Credit Risk to recommend improvements and quantify the benefits of new and existing credit strategies. Update and validate changes to credit risk systems.
• Provide coaching and mentoring across the team, lead work groups for projects.
• Assist in managing origination strategies and policies for the Retail Financing portfolio that optimizes profitability and efficiency, while operating within the risk appetite.
• Support the development of quantitative solutions for managing credit risk, fraud risk, marketing campaigns and enhanced customer segmentation.
• Conceive, design & monitor risk management strategies to improve business profitability in the areas of underwriting, credit line management, universe expansion and alternative data evaluation for lending.
• Analyze customer level information to determine the effectiveness of strategies and recommend necessary changes to improve profitability.
• Analyze large amounts of data and communicate concise and actionable business strategies to senior management.

EDUCATION

• Master’s degree or higher in a quantitative field such as Decision Science, Data Science, Mathematics, Statistics, Computer Science, Operations Research, Engineering, Finance, or Economics.

EXPERIENCE

• 5+ years of experience in Credit Risk Management within the financial services industry.
• Proven experience in manipulating data to draw insightful conclusions using tools such as SAS, SQL, R or Python.

SKILLS

• Capable of completing descriptive, diagnostic, exploratory, predictive, and prescriptive analytical exercises.
• Capable of managing change through typical strategy development lifecycle stages such as Ideation, Solutioning, Execution, and Go-To Market.
• Proficient in Excel, Word, and PowerPoint.
• Understanding of fraud risk management frameworks and best practices.
• Excellent communication, interpersonal, and presentation skills.
• Proven ability to simply explain complex information to both technical and non-technical audiences.
• Ability to work autonomously as well as in a team setting.
• Demonstrated ability to influence critical business outcomes in a matrix based, global environment.
• Aptitude and willingness to roll-up the sleeves and get involved in the details.
• Highly curious with the desire to go deep beneath the surface to solve problems.
• Must have good business judgment with demonstrated ability to think creatively and strategically.
• Knowledge of Retail Financing and/or Cards products and their origination processes is an asset.

Additional Information

All your information will be kept confidential according to EEO guidelines.

*Notice to Ontario Applicants –Momentum Financial Services Group is committed to accommodating applicants with disabilities up to the point of undue hardship during the recruitment, assessment, and selection process. If you are selected for an interview, please notify Momentum Financial Services Group if you require accommodation in respect of the materials or procedures used at any time during this process. If you require accommodation, we will work with you to determine how to meet your needs.

Note to Internal Applicants: All internal applicants are required to notify current manager regarding interest in applying for this role.

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