Specialist, Credit Risk

Fairstone Bank; Toronto; Hybrid; CAD 125,000 - 150,000; Full time

Job summary

A financial services institution in Toronto is looking for a Specialist to join their Credit Risk Management team. This role supports credit strategy development and compliance, working collaboratively with various departments. Candidates should have 2-3 years of credit risk experience and knowledge in risk management principles. The position offers a hybrid work model, development opportunities, and various employee benefits including paid time off and wellness solutions.

Benefits

Work-Life Balance

Wellness solutions available 24/7

Minimum 15 paid vacations

Paid Volunteer Day

Retirement planning

Access to Fairstone Academy

Employee discounts on various services

Qualifications

• 2-3 years of Credit Risk experience or in financial services.
• Ability to assess, measure, and monitor credit risk.
• Experience in data analysis and reporting.

Responsibilities

• Contribute to strategic risk management functions.
• Liaise with departments like Product and Operations.
• Produce and create key reporting for operational segments.

Skills

Credit Risk experience

SAS skills

SQL skills

Knowledge of credit risk management

MS Office proficiency

Education

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

Tools

Triad

TSYS

TSYS Ace

Job description

At Fairstone, our culture isbuilton strong values and leadership principles that definethe expectations we have for working together and with our customers. We help Canadians find the right solution 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 report to the Senior Manager, Credit Risk Management.

As a Specialist, Credit Risk you will support and contribute the credit strategy development, implementation, documentation and monitoring for Fairstone Bank indirect and credit card lending portfolios. This role works collaboratively 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 by the editors of 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, with 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 the development and implementation of risk strategies in support of the overall risk appetite framework.
• Contribute to risk strategy design including documentation, implementation, testing and monitoring.
• Liaise and communicate with key bank departments such as Product, Operations, Marketing and Finance during project activities.
• Produce key reporting in a timely manner.
• Create new reporting for additional operational segments.
• Investigate and propose new solutions and strategies to improve portfolio performance.
• 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, Computer Science, is an asset.
• Knowledge of credit risk management principles and the factors that contribute to risk, with the ability to assess, measure and monitor risk.
• Intermediate skills using SAS or SQL to mine, transform and analyze large amounts of data is required.
• Knowledge of Triad, TSYS, TSYS Ace systems is a strong asset.
• Proficiency with MS Office (PowerPoint, Excel, SharePoint, Teams, etc.).

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!