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Associate Credit Analyst Jobs in Toronto, ON (NOW HIRING)

ONEX

Senior Associate, Credit Fund Operations

Toronto, ON · On-site

CA$85K - CA$100K/yr

Onex is seeking a talented Senior Associate, Fund Operations, Credit to join our Toronto team. In ... Strong technical accounting, analytical, communication, and problem-solving skills * Ability to ...

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All JobsAssociate Credit Analyst JobsAssociate Credit Analyst Jobs in Toronto, ON

Associate Credit Analyst information

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How much do associate credit analyst jobs pay per hour?

As of Aug 23, 2026, the average hourly pay for associate credit analyst in Toronto, ON is $24.86, according to ZipRecruiter salary data. Most workers in this role earn between $16.75 and $27.30 per hour, depending on experience, location, and employer.

What does an associate credit analyst do?

An Associate Credit Analyst is responsible for evaluating the creditworthiness of individuals or companies applying for loans or credit lines. They analyze financial statements, credit reports, and economic data to assess risks and make recommendations on lending decisions. Their work helps financial institutions minimize losses by identifying potential credit risks and ensuring that lending policies are followed. Associate Credit Analysts often work under the supervision of senior analysts and may assist in preparing credit reports and presentations for management.

What are the key skills and qualifications needed to thrive as an associate credit analyst, and why are they important?

To thrive as an Associate Credit Analyst, you need strong analytical skills, a solid understanding of financial statements, and typically a bachelor's degree in finance, accounting, or a related field. Familiarity with credit risk modeling software, Excel, and financial databases such as Bloomberg or S&P Capital IQ is essential. Attention to detail, effective communication, and the ability to work under tight deadlines are standout soft skills in this role. These competencies are crucial for accurately assessing creditworthiness, supporting sound lending decisions, and ensuring risk is managed effectively.

What are some common challenges faced by associate credit analysts when evaluating new credit applications?

Associate Credit Analysts often encounter challenges such as analyzing incomplete or inconsistent financial data, assessing the creditworthiness of applicants with limited credit history, and balancing risk with business growth objectives. They must also stay updated with industry trends and regulatory changes that can impact credit risk. Effective communication with senior analysts and other departments is crucial for gathering necessary information and ensuring accurate assessments.

What is the difference between Associate Credit Analyst vs Credit Analyst?

AspectAssociate Credit AnalystCredit Analyst
Required CredentialsBachelor's degree, some certifications (e.g., CFA, credit analysis courses)Bachelor's degree, often similar certifications
Work EnvironmentEntry-level, team-based, financial institutions or corporationsMid-level, analytical, banking or finance sectors
Employer & Industry UsageFinancial services, banks, credit agenciesBanks, investment firms, credit departments
Common Search & ComparisonYesYes

The Associate Credit Analyst typically performs entry-level credit assessments, supporting senior analysts. Credit Analysts handle more complex evaluations and decision-making. Both roles require similar educational backgrounds and certifications, but Credit Analysts usually have more experience and responsibility.

Are associate credit analysts paid well?

Associate credit analysts typically earn a median annual salary that is competitive within the finance industry, with pay often increasing with experience and certifications such as the CFA. Salaries can vary based on location, company size, and individual performance, but generally, the role offers a solid starting point for a career in credit analysis and financial services.

Is an associate credit analyst entry level?

An associate credit analyst is typically an entry-level position in the finance and credit analysis field. It often requires a bachelor's degree in finance, accounting, or a related field, and involves tasks such as assessing creditworthiness and supporting senior analysts. Advancement usually depends on experience, skills, and certifications like the CFA or credit analysis training.

What are the most commonly searched types of Credit Analyst jobs in Toronto, ON?

The most popular types of Credit Analyst jobs in Toronto, ON are:

What are popular job titles related to Associate Credit Analyst jobs in Toronto, ON?

For Associate Credit Analyst jobs in Toronto, ON, the most frequently searched job titles are:

What job categories do people searching Associate Credit Analyst jobs in Toronto, ON look for?

The top searched job categories for Associate Credit Analyst jobs in Toronto, ON are:

Associate Credit Analyst jobs near you
Infographic showing various Associate Credit Analyst job openings in Toronto, ON as of August 2026, with employment types broken down into 1% As Needed, 72% Full Time, 25% Part Time, 1% Temporary, and 1% Contract. Highlights an 93% Physical, 4% Hybrid, and 3% Remote job distribution, with an average salary of $51,712 per year, or $24.9 per hour.

Sr. Associate -Credit Transaction Review

Royal Bank of Canada

Toronto, ON • On-site

Full-time

Posted 10 days ago

Job description

Job Description

What is the opportunity?

As Senior Associate, Credit Transaction Review, you will join a team of credit professionals working to ensure the timely completion of assigned credit reviews of borrowing relationships within the Global Wealth Management credit book, by working in collaboration with the regional credit teams and client relationship managers.

What will you do?

  • Credit reviews to include: financial analysis and risk rating of borrower and guarantor (if applicable), collateral review and analysis, determination of covenant compliance, documentation review.

  • Ensure exceptions to policy are properly identified, approved, and monitored.

  • Partner with regional credit team and Relationship Managers where appropriate to gather all relevant information to conduct credit review.

  • Raise concerns / issues surrounding individual credits that present a heightened risk to the firm's balance sheet.

  • Highlight and escalate to manager any credit writing deficiencies noted upon completion of annual reviews and make proposals to avoid such deficiencies going forward.

  • Participate in ad hoc projects as requested by manager including projects to improve the data integrity of credit reporting and suggest systematic improvements to improve efficiencies within the credit management processes and work flow.

  • Create opportunities for and support the team to use automation, process optimization and simplification to free up team capacity. Leverage AI tools (RBC Assist Pro) and best practices.

What do you need to succeed?
Must Have

  • Degree or diploma from an accredited university or college in Finance, Business, Economics or related experience

  • 3+ years of credit underwriting experience; solid risk assessment/credit experience

  • Strong interpersonal, verbal and written communication skills in the English language

  • Knowledge of various collateral types including, cash, marketable securities/investment products, real estate, and insurance-secured transactions.

Nice to Have

  • Proven successful experience with and understanding of securities based lending, mortgages and life insurance financing.

  • Displays sound independent judgment with strong understanding of legal/documentation risks as well as well-versed in credit control requirements and processes with ability to deliver results under pressure.

  • Demonstrated ability to proactively manage deadlines and work within a dynamic and fast-paced environment.

  • Excellent computer skills with advanced knowledge of computing systems and spreadsheets including formulas and calculations

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • Opportunities to do challenging work, and to gain wide breadth of exposure in the Credit Management and Monitoring Credit Risk space, Compliance as well as other aspects of product, financial, project and Credit risk.

  • Gain a breadth of experience and exposure to the global WM platform

  • Opportunities to take on progressively greater accountabilities

  • Opportunities to building close relationships with colleagues and clients

Job Skills

Credit Analysis, Credit Reporting, Credit Reviews, Credit Risks, Financial Statement Analysis, Written Communication

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

WEALTH MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-08-11

Application Deadline:

2026-08-26

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

Employment Type: FULL_TIME

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