Credit Risk Officer

4 weeks ago

Toronto, Ontario, Canada Iaawg Full time
time left to apply End Date: February 28, 2025 (1 day left to apply)

job requisition id JR10021761

Job Description

Department: Dealer Services Location: Oakville or Toronto would be preferred but open to other candidates based across Canada Type: Permanent Working Conditions: Working from Home, choice to work from office, attendance for Key Moments

The Credit Risk Officer will ensure integrated and continuous risk management, using structured and consistent processes to identify, assess, manage, and control risks and their impact on activities and results. They will evaluate the sector's risk profile and confirm adherence to required risk appetite and tolerance.

The successful candidate will be responsible for objectively monitoring Credit Risk portfolios and ensuring application, adherence, and efficacy of the risk management framework. They are responsible for monitoring emerging risks and ensuring that they are considered in the sector's strategic decisions. The Credit Risk Officer is part of the first line of defense responsible (i.e. first line of defense 1B) for the oversight of lending strategies decisions, for risk oversight of models and for developing and monitoring key risk indicators with the credit portfolio of IAAF and will be designated as Business Risk Officer. This role will report to the Senior Director, Risk Management and Compliance of IA Dealer Services -and IA Auto Finance

Main Responsibilities:

- Provide the effective challenge of Expected Credit Losses (ECL) Model to ensure adequate provisioning with respect to IFRS9 with the Modeling Director and other functions in IAAF and aligned with the Group Risk Management and Compliance.
- Develop, monitor, and update key risk indicators (eg: such as Value at Risk) to measure the risk profile and provide a comprehensive and holistic view of risk across the sector to support decision-making.
- Coordinate the work required by the Group Risk Management and Compliance team, with sales, pricing, modeling, and other functions within the sector, and successfully implement new initiatives developed by the team. Elaborate and produce regular reporting to Group Risk Management and Compliance.
- Conduct risk assessments, including financial analysis, industry research, and market trends, to identify emerging risks and opportunities within the credit lifecycle process (eg: Credit underwriting and adjudication) and work with the Modeling Director and teams to implement the appropriate risk mitigation.
- Serve in an advisory capacity and, in accordance with the accountability and monitoring protocols agreed upon with Group Risk Management and Compliance for the IAAF Management Team activities.
- In their role as Credit Risk Officer and first line of defense 1B, participate in executive committee meetings and sector governance meetings, to obtain and communicate the information required to fulfill their role and responsibilities within the sector.

Ideal Background:

- Minimum 10 years of experience in finance including at least 7 years in a credit risk management position.
- Bachelor's degree in a related field such as finance, accounting, actuarial or any relevant field.
- Hold a professional certification such as a CPA, FSA, FICA, FCAS, CFA or FRM
- Knowledge and experience with legal procedures and working with credit collection agencies;
- Strong understanding of the regulatory environment of the financial services industry in Canada, such as three lines of defenses.
- Excellent analytical skills.
- Strong written and verbal communication skills.

What would be an Asset

- An MBA
- Advanced level in French both written and spoken would be considered an asset
- Knowledge and experience in the automotive industry
- Experience and knowledge of the sub-prime industry

Compensation

The typical hiring range for this position is from $110,000 and $140,000 annually; the base pay offered is based on location and may vary depending on skills, job-related knowledge, experience, and internal equity. All permanent employees of iA are also entitled to an annual bonus.

Location(s)

Toronto / 26 Wellington Street East (35 Hrs)

Other Possible Location(s)

Montreal / 2200 McGill College Avenue (35 Hrs) (inactive)

Company

iA Financial Group

Posting End Date

2025-02-28

Company Overview

iA Financial Group is the strength of a company with a human side, with its over 8,000 employees. Together, we have earned the trust of our more than four million clients and 25,000 advisors who have chosen us for their insurance, savings, and wealth management.

With over $200 billion in assets and half a billion invested in technological innovation, we're a key player in the financial services industry in Canada and the United States. The secret to our success? Investing in you, one person at a time. Because, for over 125 years, we have believed that it's by supporting our employees and surrounding ourselves with the most reputable leaders in the industry, we will continue to innovate.

At iA, we're invested in you.

Our Commitment to Diversity and Inclusion

At iA Financial Group, we support and celebrate diversity. We strive to provide a workplace that is recognized as inclusive for all, regardless of ethnic origin, nationality, language, religious beliefs, gender, sexual orientation, age, marital status, family situation, or physical or mental disability.

Please note that if you need help or assistance to make the recruitment process more accessible for you, please Contact us here. Someone from our team will be happy to assist you with your needs.

iA Among Canada's Best Employers

As a reflection of our employees' appreciation, iA once again ranked among the top employers in Canada for 2024 by Forbes. iA Financial Group is also one of the top 5 best employers in the insurance industry

About us

At iA Financial Group, our differences make us unique. We are committed to supporting and celebrating diversity because we believe that it is by bridging our differences that we will be stronger.

Our employees' wellbeing is our priority. We are also committed to creating a stimulating and safe work environment, in addition to offering a real work-life balance with our flexible work model. As a reflection of our employees' appreciation, iA has been ranked as one of the top employers in Canada in 2023 by Glassdoor and Forbes.

Spontaneous Application

Want to join the iA family, but there's no job openings right now that match your profile?

#J-18808-Ljbffr

  • Credit Risk Manager

    5 days ago

    Toronto, Ontario, Canada Toyota Credit Canada Inc. Full time

    About This RoleThis Risk Analyst position is located in our Markham Office and reports to the Manager, Risk Management. The successful candidate will play a key role in managing risk within our financial services operations.We seek a highly skilled professional with a strong background in risk management, data analysis and statistical modeling.Key...

  • Credit Risk Manager

    3 days ago

    Toronto, Ontario, Canada TD Full time

    We are looking for a skilled Credit Risk Manager to join our team. In this role, you will be responsible for analyzing financial data and developing credit risk assessments to ensure the Bank's assets are protected.Key ResponsibilitiesAnalyze financial statements and credit reports to assess creditworthinessDevelop and implement credit risk management...

  • Counterparty Credit Risk Specialist

    5 days ago

    Toronto, Ontario, Canada MUFG Full time

    At MUFG, we're committed to being the world's most trusted financial group. As a Credit Officer in our Americas team, you'll play a vital role in helping us achieve this vision.About the RoleThis is an exciting opportunity for a skilled Credit Risk professional to join our team and contribute to the success of our organization. As a Credit Officer, you'll be...

  • Analyst, Credit Risk

    1 day ago

    Toronto, Ontario, Canada Brookfield Asset Management Full time

    LocationBrookfield Place - 181 Bay StreetBusiness - Wealth SolutionsBrookfield Wealth Solutions ("BWS"; NYSE/TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of...

  • Counterparty Credit Risk Professional

    4 days ago

    Toronto, Ontario, Canada BeachHead Full time

    Job DescriptionThis role calls for a Counterparty Credit Risk Analyst to play a key part in the establishment and rollout of credit analytics across the Bank. The successful candidate will act as a subject matter expert for Counterparty Credit Risk Systems.Main Responsibilities:Develop a detailed understanding of the various derivative and financing...

  • Counterparty Credit Risk Specialist

    4 days ago

    Toronto, Ontario, Canada Scotiabank Full time

    Job Summary:We are seeking a highly skilled Counterparty Credit Risk Specialist to join our team. The successful candidate will be responsible for providing risk oversight on counterparty credit risk arising from derivatives and securities financing transactions executed by the capital markets businesses in the bank globally.The incumbent will work closely...

  • Credit Risk Manager

    4 days ago

    Toronto, Ontario, Canada Scotiabank Full time

    About the Role:This Senior Analyst position is a key component of our Counterparty Credit Risk team, responsible for analyzing and managing counterparty credit risk exposure in securities financing transactions, OTC derivatives, and FX transactions. The successful candidate will have a deep understanding of counterparty credit risk and its implications for...

  • Credit Risk Assessment Professional

    4 days ago

    Toronto, Ontario, Canada BeachHead Inc. Full time

    Job OverviewWe are seeking a highly motivated and skilled Credit Risk Analyst – Collateral Management to join our team at BeachHead Inc. As a key member of our team, you will be responsible for managing counterparty credit risk and demonstrating innovation and a proactive approach to risk mitigation by highlighting inefficiencies, risks, and implementing...

  • Financial Analyst

    4 days ago

    Toronto, Ontario, Canada BeachHead Inc. Full time

    About the PositionThis Credit Risk Analyst – Collateral Management role is ideal for a self-motivated individual who enjoys a fast-paced team-driven environment. The successful candidate will be responsible for managing counterparty credit risk as well as for demonstrating innovation and a proactive approach to risk mitigation by highlighting...

  • Credit Risk Specialist

    4 days ago

    Toronto, Ontario, Canada SML Inox Full time

    About the RoleThe Deputy Head of Credit Risk will oversee and manage credit risk for commercial loans, ensuring timely and effective decision-making. The successful candidate will lead a team of six resources and provide technical advice to managers as needed.Lead hands-on work similar to that of a Credit Analyst, including thorough analysis of new credit...

  • Counterparty Credit Risk Analyst

    4 days ago

    Toronto, Ontario, Canada BeachHead Full time

    Working with one of the top financial clients, this role calls for a Counterparty Credit Risk Analyst who will play a key role in the establishment and rollout of credit analytics across the Bank. The successful candidate will act as a subject matter expert for Counterparty Credit Risk Systems.Responsibilities:Build a detailed understanding of the various...

  • Credit Risk Specialist

    3 days ago

    Toronto, Ontario, Canada Canada Infrastructure Bank Full time

    **Overview:**The Canada Infrastructure Bank is a leading institution in infrastructure finance, seeking a highly skilled Credit Risk Specialist to join its team. As a key member of the Credit Risk group, you will play a critical role in evaluating and mitigating credit risk across various infrastructure projects.**Key Responsibilities:**Evaluate and analyze...

  • Director of Credit Risk and Underwriting

    2 days ago

    Toronto, Ontario, Canada OTT Financial Full time

    OTT Pay Inc. "(OTT Pay)" is a fully funded established FINTECH focused on delivering simplified financial payment products. With a strategic emphasis on both Acquiring and Issuing businesses, we are developing a mobile-first platform that offers straightforward banking services, loyalty solutions, and innovative products including credit cards, accounts,...

  • BSA – Credit Risk

    1 week ago

    Toronto, Ontario, Canada BeachHead Full time

    Title : Manager, Counterparty Credit Risk MeasurementRequisition ID : 215948Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.Excited about creating a safer financial world by using your math, modelling, computational, and analytical skills? Join usAs the Market Risk Measurement (MRM) team, we are an...

  • BSA – Credit Risk

    1 week ago

    Toronto, Ontario, Canada BeachHead Full time

    We are looking for a dynamic and motivated individual with extensive expertise in credit risk management in the commercial or industrial sector. Your in-depth knowledge of the Ontario markets (real estate, manufacturing, agriculture, etc.) will be required for this role, as well as experience with growing and medium-sized companies. You will participate in...

  • Credit Risk Strategist

    4 days ago

    Toronto, Ontario, Canada SML Inox Full time

    **Job Description:** We are seeking a highly skilled Credit Risk Strategist to join our team. As a key member of the lending team, you will be responsible for overseeing and managing credit risk for commercial loans. You will also lead a team of six resources and ensure compliance with regulatory requirements and internal...

  • Retail Credit Risk Professional

    5 days ago

    Toronto, Ontario, Canada Nexus Systems Group Inc. Full time

    Job SummaryNexus Systems Group Inc. is seeking a highly experienced Risk Management Auditor to join our team.Key ResponsibilitiesAudit and ExecutionO Execute assigned audit activities independently as a team member or Officer-in-Charge (OIC).O Assess the overall effectiveness of governance and management oversight over Real Estate Secured Lending Program...

  • Manager, Counterparty Credit Risk

    4 days ago

    Toronto, Ontario, Canada Scotiabank Full time

    Title: Manager, Counterparty Credit RiskRequisition ID: 216773Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.A key member of the CCR group that has responsibility for providing risk oversight on counterparty credit risk arising from derivatives and securities financing transactions executed by the...

  • Sr. Manager Credit Risk to oversee and manage credit risk for commercial loans and finalize cre

    4 days ago

    Toronto, Ontario, Canada SML Inox Full time

    Job Title: Deputy Head of Credit RiskLocation: Richmond Hill Office (Hybrid 4 days/week)Duration: Permanent Full-timeJob Summary: Our large banking client is looking for a Deputy Head of Credit Risk to oversee and manage credit risk for commercial loan approvals. The successful candidate will be responsible for hands-on work similar to that of a Credit...

  • Credit Union Lending Analyst-

    1 week ago

    Toronto, Ontario, Canada Central 1 Credit Union Full time

    Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products, and services to support the financial well-being of their more than 5...