Manager, Credit Risk Toronto, Ontario

Canada Infrastructure Bank; Toronto; On-site; CAD 85,000 - 105,000; Full time

Job summary

A leading infrastructure investment bank in Toronto is looking for a Manager, Credit Risk. This role involves assessing infrastructure credit risk, reviewing financial models, and contributing to risk monitoring. The ideal candidate should have 4+ years of credit analysis experience and a degree in Finance, Accounting, or Economics. Strong communication and analytical skills, along with experience in project finance, are essential for success in this position.

Qualifications

• Minimum 4+ years of credit analysis experience, ideally at a bank or regulated institution.
• Experience with infrastructure asset class, PPPs, and project finance.
• Strong understanding of credit risk rating methodologies.

Responsibilities

• Perform credit risk analysis on individual investments across all priority sectors.
• Review transaction financial models and perform risk assessments.
• Support ongoing risk monitoring of the portfolio.

Skills

Credit analysis experience

Risk assessment

Analytical skills

Communication skills

Financial modeling

Education

Degree in Finance, Accounting, Economics or equivalent

CFA or MBA

Tools

Excel

MS Word

PowerPoint

Job description

Headquartered in Toronto, the Canada Infrastructure Bank (CIB) is responsible for investing in new infrastructure projects. The CIB’s mission is to work with provincial, territorial, municipal, federal, Indigenous and private sector investor partners to transform the way infrastructure is planned, financed and delivered in Canada.

Reporting to the Director, Credit Risk, the Manager, Credit Risk, will focus on infrastructure credit risk assessment, including revenue risk and availability-based infrastructure financing models, throughout the underwriting process : from structuring to financial close, followed by reviews and analysis post transaction closing in coordination with the investments team and other areas of the CIB.

Your responsibilities include :

• Performs and / or reviews timely credit risk analysis on individual investments across all of CIB’s priority sectors as required
• Reviews transaction financial models and extracts relevant information for internal risk analysis and reporting as required
• Uses risk rating tools to spread financial statements and applies applicable methodology to assess credit risk ratings and make corresponding rating recommendation
• Performs and / or reviews independent scenario and sensitivity analysis, including PPP and infrastructure transactions subject to revenue risk
• Performs counterparty risk assessment, in particular under project finance & PPP revenue structures or under corporate structures as applicable, and performs regular monitoring post transaction closing
• Provide recommendations on risk mitigation strategies, as applicable
• Reviews internal and external transaction documentation including information memoranda, contractual agreements, financial models and other project finance-related documentation in the performance of the above credit risk assessments, as required
• Supports Directors and Senior Managers in the preparation and maintenance of Credit Risk Reports and Risk Rating Reports on individual transactions
• Supports Directors and Senior Managers in the ongoing risk monitoring of the portfolio, including reviewing the accuracy and completeness of annual reviews prepared by Asset Management, preparing internal Risk Rating refreshes and performing a host of internal credit monitoring and control activities related to the portfolio
• Reporting on credit-related metrics and performance to the Head, Risk, on a regular basis with respect to the investments portfolio under his / her responsibility and any market (interest rate, inflation, FX) or sector developments impacting the portfolio and maintaining relevant records
• Maintains good knowledge of industry dynamics, trends and in particular in relation to CIB’s infrastructure mandate and its priority sectors
• Maintains good knowledge of global revenue infrastructure financing models and industry developments, including policy financing products
• Liaise with the investment team and other areas of the CIB including asset management, finance and accounting, as required, with respect to the investment portfolio from the risk perspective
• Contributes to the maintenance of the Risk Dashboard
• Other portfolio or initiatives risk related duties as required

The ideal profile :

Degree in Finance, Accounting, Economics or equivalent experience; CFA, MBA, highly desirable

Minimum 4+ years of credit analysis experience, ideally at a bank, regulated institution or MDB / IFIs

Experience with infrastructure asset class, PPPs, project finance, preferably in any of the CIB’s priority sectors

Expertise in lending, investments and risk assessment best market practices

Experience in credit risk rating methodologies, including infrastructure and project finance

Experience in infrastructure financing under revenue risk and availability-based models

Strong analytical skills and ability to summarize complex structures and related risks in a clear and concise manner

Strong modelling skills and experience in using excel, MS word, PowerPoint and similar industry software

Excellent written and verbal communication skills

Experience with finance and risk models and use of related industry software

Experience with policy-related mandates would be a strong asset

Excellent communication and personal organizational skills

Familiarization with quantitative analysis and financial modelling to support business / investment decisions

Ability to work independently and collaboratively as part of a credit risk team, working directly with a Senior Manager or Director on particular transactions

Aptitude to build strong working relationships with peers, both within Credit Risk, broader ERM and with cross-functional teams

Attention to detail and focus on high-quality standards in line with market best practices

Ability to work under pressure and manage multiple tasks / transactions

Results oriented : accountability to meet scheduled milestones to ensure timely execution of the CIB’s mandate

Application

We thank you for your interest. Only those selected for further screening or an interview will be contacted.

At the CIB, we are committed to diversity and equitable access to employment opportunities. If you require an accommodation for the recruitment / interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.

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