Specialist, Credit Risk

Fairstone Financial Inc.; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading financial services company in Toronto is seeking a Specialist in Credit Risk. This role focuses on developing and implementing credit strategies, working with multiple departments to improve portfolio performance. Candidates should have 2-3 years of relevant experience and a solid understanding of credit risk management principles. The company promotes work-life balance and offers various employee benefits, including a hybrid work model.

Benefits

Work-Life Balance

Health and wellness solutions

Paid Volunteer Day

Employee discounts

Qualifications

• Minimum 2-3 years of Credit Risk experience or related field.
• Ability to assess, measure, and monitor risk.
• Knowledge of Triad, TSYS, TSYS Ace systems is a strong asset.

Responsibilities

• Develop and implement risk strategies supporting the overall risk appetite framework.
• Document, implement, test, and monitor risk strategies.
• Produce timely reports and create new reports as needed.
• Collaborate with key bank departments during project activities.

Skills

Credit Risk experience

Data mining with SAS or SQL

Knowledge of credit risk management principles

Proficiency in MS Office

Education

Undergraduate degree in Mathematics, Statistics, Economics, or Computer Science

Tools

SAS

SQL

Job description

At Fairstone, our culture is built on strong values and leadership principles that define the expectations we have for working together and with our customers. We help Canadians find the right solutions to meet their needs with a variety of products and services. Our values and principles guide the actions we take to ensure our customers get the best experience possible.

Be part of our talented and growing team!

We are currently looking for a Specialist, Credit Risk to join our team, reporting to the Senior Manager, Credit Risk Management.

As a Specialist, Credit Risk, you will support and contribute to the development, implementation, documentation, and monitoring of credit strategies for Fairstone Bank's indirect and credit card lending portfolios. This role collaborates with internal and external teams to meet business objectives and ensure compliance with relevant policies and regulations.

Be a part of our inclusive workplace where diverse perspectives drive innovation and excellence."

WHY JOIN US?

BECAUSE WE ARE PROUD TO BE One of Montreal's Top Employers for 2025 for the fifth consecutive year, as recognized by Canada's Top 100 Employers.

WE OFFER :

• Work-Life Balance : Our 37.5-hour workweek and hybrid model (3 days in-office) promote a healthy balance.
• Wellness : Tailored well-being solutions available 24 / 7.
• Time Off : Minimum 15 paid vacations, 6 wellness days, plus federal holidays.
• Community Support : Paid Volunteer Day to give back to your community.
• Retirement Planning : Employee and employer contribution pension plan, plus the Fairstone Retirement Savings Plan.
• Development : Access to Fairstone Academy for comprehensive training and skill development.
• Employee discounts : Exclusive access to discounted products and services, including car insurance, hotels, attractions, movies, gym memberships, and more.

WHAT WILL YOU WORK ON?

Contribute to the strategic direction of the Credit Risk Management functions and play a key role in developing and implementing risk strategies supporting the overall risk appetite framework.

Assist in risk strategy design, including documentation, implementation, testing, and monitoring.

Collaborate with key bank departments such as Product, Operations, Marketing, and Finance during project activities.

Produce key reports in a timely manner.

Create new reports for additional operational segments.

Investigate and propose new solutions and strategies to improve portfolio performance.

Perform other risk analytics duties as assigned.

WHO ARE WE LOOKING FOR?

Minimum 2-3 years of Credit Risk experience or experience within the financial services industry.

Undergraduate degree in a related field such as Mathematics, Statistics, Economics, or Computer Science is an asset.

Knowledge of credit risk management principles and risk factors, with the ability to assess, measure, and monitor risk.

Intermediate skills in SAS or SQL for data mining, transformation, and analysis.

Knowledge of Triad, TSYS, TSYS Ace systems is a strong asset.

Proficiency with MS Office (PowerPoint, Excel, SharePoint, Teams, etc.).

This role is vacant

WE ARE PROUD TO BE RECOGNIZED AS Great Place to Work Canada for 2025 and Montreal's Top Employers 2025 by Canada’s Top 100 Employers!

If you have a preferred language for communication, please inform us whether you prefer French or English in your application.

Fairstone is an equal opportunity employer. We will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who identify as Aboriginal, members of visible minorities, or disabled are encouraged to apply in confidence.

Fairstone Bank of Canada and its subsidiaries, including Fairstone Financial Inc. and Home Trust Company, deliver innovative, accessible, and reliable financial solutions to help Canadians reach their financial goals. We offer residential and commercial mortgages, consumer deposits and GICs, retail and automobile financing, credit cards, and digital lending, in addition to unsecured and secured personal loans online and at over 255 branches coast to coast. With a long-standing history, we are proud to be Canada's leading alternative lending bank. More at FairstoneBank.ca

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