Senior Credit Risk Manager

Socket.dev; Toronto; On-site; CAD 119,000 - 135,000; Full time

Benefits offered by this job

Defined contribution pension

Comprehensive benefits: health, dental

Parental leave top-ups

Healthcare Spending Account

Professional development support

Job summary

Infrastructure Ontario (IO) seeks a Senior Credit Risk Manager to lead independent assessments of complex commercial lending and infrastructure financing transactions. You will provide expert credit risk analysis, adjudication, and portfolio oversight, collaborating with Lending, Legal, Treasury and Finance teams.

You will mentor the Credit Risk team, refine risk practices, and contribute to strengthening governance, policies, and analytical tools across IO's lending portfolio.

Qualifications

• Significant experience in commercial lending, credit adjudication and risk management.
• Experience analyzing complex financial statements, cash flow projections and financing structures.
• Proven ability to present credit recommendations to senior approval authorities.

Responsibilities

• Lead independent assessment of complex lending, project finance, and infrastructure financing transactions.
• Evaluate borrower performance, cash flows, project risks, security structures and covenant compliance.
• Prepare credit memorandums and risk recommendations for governance approvals.

Skills

Credit risk assessment

Financial modelling

Risk management

Analytical reasoning

Mentoring

Leadership

Portfolio monitoring

Adjudication

Education

University degree in Finance, Business Admin, Accounting, Economics or related discipline

Job description

Infrastructure Ontario (IO), an Ontario crown corporation, provides a wide range of services to support the Ontario government’s initiative to modernize and maximize the value of public infrastructure and realty. IO has been recognized domestically and internationally for the way it does business and the success it has had with its major projects, real estate services, infrastructure lending, commercial projects, and development mandate. IO delivers some of the most complex, ambitious commercial and land development solutions for the Province and continues to evolve and expand its capabilities to maximize its public impact and deliver on its vision of creating a connected, modern and competitive Ontario.

Position Purpose:

The Senior Credit Risk Manager is the senior technical resource within the Credit Risk team and is responsible for leading the independent assessment of Infrastructure Ontario's most complex commercial lending and infrastructure financing transactions. The role provides expert credit risk analysis, adjudication, portfolio oversight, and strategic advice to support sound lending decisions and effective risk management. Working closely with Lending, Legal, Treasury, Finance, Loan Operations, and senior leadership, the position helps strengthen credit risk practices while supporting the continued growth and stability of Infrastructure Ontario's lending portfolio.

What You Will Do:

• Lead the independent assessment of complex commercial lending, project finance, and infrastructure financing transactions, including new originations, amendments, restructurings, waivers, refinancing transactions, and annual reviews.
• Evaluate borrower financial performance, business plans, cash flow projections, project risks, security structures, covenant compliance, and repayment capacity.
• Prepare comprehensive credit memorandums and risk recommendations to support lending decisions and governance approvals.
• Present credit analysis and recommendations to senior leadership and governance committees.
• Manage assigned Watch List and higher-risk borrower relationships through ongoing monitoring, risk assessment, and proactive mitigation strategies.
• Analyze portfolio trends, sector performance, borrower concentrations, and emerging risks to support portfolio management and strategic decision-making.
• Conduct research and analysis on economic, regulatory, industry, and market developments impacting Infrastructure Ontario's lending portfolio.
• Serve as a senior technical resource to the Credit Risk team by providing guidance, mentorship, and knowledge sharing on credit adjudication, financial analysis, and risk management practices.
• Support the enhancement of credit risk policies, methodologies, analytical tools, portfolio monitoring practices, and governance processes.

Who You Are:

• University degree in Finance, Business Administration, Accounting, Economics, or a related discipline, or an equivalent combination of education and experience.
• Significant experience in commercial lending, credit adjudication, credit risk management, corporate banking, project finance, infrastructure financing, or a related financial services environment.
• Extensive experience analyzing complex financial statements, cash flow projections, financing structures, business plans, and credit-related information.
• Strong expertise in commercial lending, credit risk assessment, covenant design, security structures, loan structuring, and portfolio monitoring.
• Experience preparing and presenting credit recommendations for senior approval authorities, governance committees, and executive stakeholders.
• Demonstrated experience managing complex borrower relationships, higher-risk exposures, and Watch List credits.
• Strong financial modelling, analytical, problem-solving, and risk assessment capabilities.
• Ability to exercise sound judgment and provide well-supported recommendations on complex credit matters.
• Experience mentoring colleagues and serving as a senior technical resource within a credit risk or lending environment.
• Experience in infrastructure financing, municipalities, healthcare, affordable housing, commercial real estate, energy, long-term care, or other project-based financing sectors is considered an asset.

What We Offer:

• Commitment to creating a diverse, equitable and inclusive culture that promotes a sense of belonging and represents and reflects the needs of the communities we serve.
• A defined contribution pension plan, where IO contributes the equivalent of 5% of a full-time employee’s annual salary, with an option for IO to match an additional 5% contribution made by the employee. IO also offers a Group Retirement Savings Plan and Group Tax Free Savings Account, designed to help IO colleagues plan and save for their future.
• A comprehensive package that covers health, dental, vision, out-of-country care, paramedical services, and more.
• A pregnancy and parental leave program that offers expecting, eligible employees a top-up to 95% of their annual base salary for 31 weeks, and our parental leave program offers eligible employees a top-up to 95% of their annual base salary for 15 weeks.
• Access to our $1000 Healthcare Spending Account to top up expenses not covered in the benefits program and a Lifestyle Account that expands the eligibility of health and wellness options and can include coverage for gym memberships and fitness equipment, nutrition counselling or financial planning.
• Support for professional development opportunities for all colleagues through a broad range of learning programs that include in-person and online training, leadership development, and support for colleagues’ well-being. IO will also cover the costs associated with up to two membership and license fees per year for eligible colleagues if directly related to the employee’s role.
• Access to a suite of virtual healthcare options to support non-urgent medical needs.
• A convenient, central location at 1 Dundas St West, easily accessible by public transit.

We offer a competitive salary range of $118,500 to $135,200 (P5level), pay will align with skills, knowledge and experience of the candidate.

This posting will close onThursday September 3rd, 2026 at 11:59 pm.

Interviews will occur on a rolling basis until the role is filled.

This posting is for a current active vacancy. We are actively recruiting to fill this position.

At Infrastructure Ontario, we strive to create a culture that encourages a diverse equitable and inclusive environment that fosters belonging. We believe that experience comes in many forms and through learning from each others’ differences and perspectives gives us strength. At Infrastructure Ontario, we use AI in our applicant tracking system to improve the efficiency and fairness of recruitment. Your application will be reviewed by both AI and our hiring team for a thorough evaluation. Please note that final hiring decisions are made solely by our experienced hiring team.