Senior Risk Manager

isgSearch; Old Toronto; Hybrid; CAD 150,000; Full time

Job summary

An innovative financial lender is seeking a Senior Credit Manager with expertise in loss forecasting and credit risk management. This role is primarily remote, requiring occasional in-office meetings in Toronto. You will collaborate with multiple teams to enhance forecasting models, analyze macroeconomic trends, and lead a small team of analysts. This position offers a competitive salary, performance-based bonuses, and the chance to influence key business decisions in a dynamic environment. If you thrive in a collaborative setting and have a proven track record in credit risk management, this opportunity is perfect for you.

Benefits

Performance-based bonuses

Flexible work environment

Competitive compensation package

International exposure

Qualifications

• 5+ years in portfolio analytics, loss forecasting, and reserve modeling.
• Strong foundation in data analysis and statistical modeling.

Responsibilities

• Collaborate with teams to build accurate model inputs for forecasting.
• Drive development of loss forecasting and allowance models.

Skills

Loss Forecasting

Credit Risk Management

Data Analysis

Statistical Modeling

Regression Analysis

Sensitivity Analysis

Time Series Analysis

Cross-Functional Collaboration

Education

Degree in a Quantitative Field

Tools

SQL

Tableau

Job description

Salary: CAD150000 - CAD150000 per year

Job Opportunity: Senior Credit Manager, Loss and Allowance Forecasting

We are partnering with our client, an innovative and rapidly growing financial lender with a global presence, to find an experienced Senior Credit Manager to join their expanding team. This dynamic company, which has established itself as a key player in the industry, is looking for professionals with a strong background in loss forecasting and credit risk management from mid-sized lenders (not large banks).

This is a primarily remote role, with occasional in-office meetings required 2-3 times per month in Toronto. The position offers a competitive salary of $140,000 to $155,000 annually, along with performance-based bonuses and an opportunity to work on challenging and impactful projects.

Key Responsibilities:

• Collaborate with multiple teams (Finance, Accounting, Credit, Collections, Product) to build accurate model inputs, ensuring data is both reliable and relevant for forecasting purposes.
• Drive model development to establish and continually improve the company’s loss forecasting and allowance models, including forecasting credit losses, reserve modeling, and capital planning.
• Analyze forecasting results and refine the models based on macroeconomic trends, portfolio health, and credit performance insights. You'll be expected to update and communicate the forecast regularly to ensure timely and actionable insights.
• Partner with Data and Analytics teams to develop key performance indicators (KPIs) and dashboards, helping to assess portfolio health and drive strategic forecasting decisions.
• Strategic analysis: Conduct sensitivity analysis and review "what-if" scenarios to help refine risk strategies and support business decision-making processes.
• Work closely with Credit Strategy, Finance, and Underwriting teams to incorporate changes in business operations and underwriting policies into the broader forecasting model.
• Analyze and integrate macro-economic forecasts into models, ensuring that you present a comprehensive view to key internal stakeholders, including senior management.
• Lead a small team (1-2 analysts), ensuring they are equipped with the right tools and guidance to succeed in their roles and contribute to the company’s goals.

Ideal Candidate Profile:

• A degree in a quantitative field (e.g., Mathematics, Computer Science, Economics, Statistics) with a strong foundation in data analysis and statistical modeling.
• At least 5 years of experience working in portfolio analytics, loss forecasting, and reserve modeling at a mid-sized financial lender or similar institution. Experience with IFRS or CECL reserve models is a significant plus.
• Expertise in regression analysis, segmentation techniques, time series analysis, and a familiarity with tools such as SQL and Tableau to create actionable insights.
• Experience in financial services or credit risk management, with a strong understanding of how to forecast losses and manage credit provisioning in a dynamic lending environment.
• Proven ability to partner with cross-functional teams (e.g., Finance, Product, Credit, and Collections) to drive collaboration and create meaningful reporting and analysis.
• Ability to present complex data and insights in a clear and concise manner, with experience interacting with senior leadership and external stakeholders (including regulators or auditors).
• Experience in a regulated environment, with a deep understanding of compliance and regulatory frameworks affecting financial services.

Why You Should Consider This Opportunity:

• A high-impact role where your work will directly contribute to the company’s financial health and growth, offering opportunities to influence key business decisions.
• The chance to work with a growing, innovative company that offers international exposure and the opportunity to be at the forefront of the alternative lending space.
• This position provides significant autonomy, the opportunity to lead a small team, and the chance to develop and enhance sophisticated forecasting models.
• Competitive compensation package, including a strong base salary, annual performance bonuses, and benefits.
• A flexible work environment with primarily remote work and occasional office visits in Toronto.

This is a fantastic opportunity for professionals who thrive in a collaborative, fast-paced, and innovative environment, and who want to make a tangible impact on the financial future of a growing global lender.

If you have a proven track record in credit risk management and loss forecasting and are looking for a role that offers both strategic influence and career growth, we encourage you to apply today!