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Credit Risk Analyst Jobs in Ontario (NOW HIRING)

Scotiabank

Manager, Funds Risk Management

Toronto, ON · On-site

Conduct Credit and Market risk analysis of business requests, ensuring material issues are identified through concise commentary, and provide appropriate recommendations. This includes: (i ...

Alterna Savings

Senior Risk Analyst

Toronto, ON · On-site

The Senior Risk Analyst independently prioritizes multiple assignments and works collaboratively ... Knowledge of the Credit Unions and Bank Acts and other relevant legislation is an asset * Strong ...

Td

Market Risk Analyst (5411)

Toronto, ON · On-site

CA$69K - CA$98K/yr

MR provides independent oversight of enterprise-wide market, counterparty credit and liquidity ... Risk Analytics & Market Monitoring * Analyze portfolio risk exposures, profit and loss attributions ...

CIBC

Senior Manager, Credit Risk Solutions

Toronto, ON · Hybrid

Business Analysis - Analyze, document and produce business requirements to deliver high quality ... credit risk measurements and exposures, and capital models principles (SACCR, IMM, etc), best ...

CIBC

Consultant, Risk Analytics

Toronto, ON · Hybrid

Credit risk analytics - You will support the development of proposals/business cases for credit risk scorecards, system or rule changes that will enhance credit risk management performance. You will ...

CIBC US

Consultant, Risk Analytics

Toronto, ON · Hybrid

Credit risk analytics - You will support the development of proposals/business cases for credit risk scorecards, system or rule changes that will enhance credit risk management performance. You will ...

S&P Global

Credit Product Specialist

Toronto, ON · On-site

The Americas Credit Specialist team is a group of credit risk professionals supporting a sophisticated sales organization across a broad range of analytical solutions, data assets, and workflow tools.

Td

Credit Analyst

Ottawa, ON · On-site

CA$81K - CA$115K/yr

Lead all aspects of analysis for assigned portfolios * Utilize sales platform to build a robust ... Assess credit risk in compliance with applicable internal and external requirements (e.g. financial ...

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All JobsCredit Risk Analyst JobsCredit Risk Analyst Jobs in Ontario

Credit Risk Analyst information

See Ontario salary details

$16

$38

$66

How much do credit risk analyst jobs pay per hour?

As of Sep 9, 2026, the average hourly pay for credit risk analyst in Ontario is $38.23, according to ZipRecruiter salary data. Most workers in this role earn between $25.96 and $41.83 per hour, depending on experience, location, and employer.

What does a credit risk analyst do?

A Credit Risk Analyst assesses the creditworthiness of individuals or organizations by analyzing financial data, credit reports, and economic conditions. Their main goal is to determine the likelihood that a borrower will default on their financial obligations. They use statistical models, risk assessment tools, and industry knowledge to evaluate risk and help lenders make informed lending decisions. Credit Risk Analysts often prepare reports, recommend risk mitigation strategies, and monitor existing credit portfolios for potential risks.

What does a credit risk analyst do?

A credit risk analyst evaluates the creditworthiness of individuals or businesses seeking loans or credit cards. As a credit risk analyst, you must be systematic and thorough in examining each applicant’s financial information to provide a recommendation of whether or not your employer should grant credit to the applicant. Essentially, you are evaluating the risk to reward ratio of each loan applicant. Your job duties include the analysis of credit scores and credit reports, payment history, bank statements, and other financial statements. Depending on the scope of your job, you may collect this information directly from clients and inform them if the institution can approve or deny their credit or loan application.

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

To thrive as a Credit Risk Analyst, you need strong analytical skills, a solid understanding of financial principles, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment tools, statistical software (such as SAS or R), and financial modeling systems is often required, along with relevant certifications like FRM or CFA being advantageous. Attention to detail, effective communication, and sound judgment are essential soft skills for presenting findings and collaborating with stakeholders. These competencies are crucial for accurately assessing creditworthiness, minimizing financial risk, and supporting informed lending decisions.

What are some common challenges faced by credit risk analysts when assessing new clients or loan applications?

Credit Risk Analysts often encounter challenges such as limited financial data, rapidly changing market conditions, and the need to balance risk with business growth objectives. They must carefully analyze incomplete or inconsistent client information while ensuring compliance with regulatory requirements. Collaborating with relationship managers and other departments is essential to gather additional insights and make informed recommendations, making strong communication and analytical skills crucial in overcoming these challenges.

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

AspectCredit Risk AnalystCredit Analyst
Primary FocusAssessing the risk of default on loans and credit productsEvaluating creditworthiness of individual or business applicants
Required CredentialsTypically a degree in finance, economics, or related field; certifications like CFA or credit-specific coursesSimilar credentials; often the same certifications or degrees
Work EnvironmentFinancial institutions, risk management departmentsBanks, lending institutions, credit departments
Industry UsageCommonly used in risk assessment and managementPrimarily in lending and credit evaluation

While both roles involve evaluating credit, a Credit Risk Analyst focuses on assessing the overall risk associated with credit portfolios, whereas a Credit Analyst evaluates individual credit applications. The roles often overlap in credentials and work environment, but their specific focus differs within the credit industry.

How much does a credit risk analyst earn?

The average salary for a credit risk analyst typically ranges from $60,000 to $90,000 annually, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts with certifications can earn higher salaries and bonuses.

Is a credit risk analyst entry level?

A credit risk analyst can be an entry-level position, often requiring a bachelor's degree in finance, economics, or related fields. Some roles may require prior internship experience or familiarity with financial analysis tools, but many companies offer training for new graduates. Advancement typically depends on experience, skills, and certifications such as the CFA or credit analysis courses.

What is the average salary of a Credit Risk Analyst?

The average salary of a Credit Risk Analyst typically ranges from $60,000 to $85,000 per year, depending on experience, location, and industry. Professionals in this role often require strong analytical skills and knowledge of financial modeling tools.
More about Credit Risk Analyst jobs

What are the most commonly searched types of Credit Risk Analyst jobs in Ontario?

The most popular types of Credit Risk Analyst jobs in Ontario are:

What are popular job titles related to Credit Risk Analyst jobs in Ontario?

For Credit Risk Analyst jobs in Ontario, the most frequently searched job titles are:

What job categories do people searching Credit Risk Analyst jobs in Ontario look for?

The top searched job categories for Credit Risk Analyst jobs in Ontario are:

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Cities in Ontario with the most Credit Risk Analyst job openings:

What are popular job titles related to Credit Risk Analyst jobs in ON?

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

Credit Risk Analyst jobs near you
Infographic showing various Credit Risk Analyst job openings in Ontario as of September 2026, with employment types broken down into 1% As Needed, 87% Full Time, 10% Part Time, and 2% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $79,512 per year, or $38.2 per hour.

Associate Director - U.S. Credit Risk Review

Toronto, ON • On-site

Royal Bank of Canada
Banking and Credit Intermediation • 10K+ employees
Learn more about Royal Bank of Canadaexternal

Full-time

Posted 5 days ago

Job description

Job Description

What is the Opportunity?

We have an exciting opportunity to join the Credit Risk Review (CRR) team at RBC, where you will play a critical role in providing independent and objective evaluations of credit risk management practices. Your work will help ensure the effectiveness and adequacy of internal controls, credit risk ratings and corporate governance processes - focusing on Wholesale and Wealth Management portfolios in the United States. Key stakeholders include 1st and 2nd line of defense bankers, senior leadership, regulators, and auditors.


The successful candidate will lead and participate in Target Reviews, Continuous Monitoring Reviews, Risk Assessments, and other ad hoc credit projects.

What Will You Do?

Credit Risk Review Practice

  • Lead and participate in the execution of CRR reviews of the Wholesale and Wealth Management portfolios. Evaluating risk rating accuracy, underwriting and portfolio management practices, emerging risks, compliance with regulatory guidance, and compliance with RBC policies and procedures.
  • Provide coaching, mentorship, and performance feedback to more junior team members
  • Execute the risk-based annual plan in collaboration with CRR leadership and key stakeholders ensuring adequate, risk-based coverage of the loan portfolio
  • Review borrower and portfolio-level credit risk, identify appropriate remediation actions, and communicate findings clearly and effectively. Conduct risk assessments of assigned industries/portfolios.
  • Evaluate and recommend improvements to risk frameworks, governance, and internal processes
  • Interface with internal and external stakeholders to ensure proper identification, documentation and resolution of all risks impacting the loan portfolio
  • Identify opportunities to leverage data and analytics to enhance CRR processes
  • Collaborates with credit risk stakeholders across all three lines of defense

What do you need to succeed?

Requirements

  • 7+ years of experience in wholesale credit in an underwriting, adjudication, credit risk review, audit, consulting, and/or regulatory capacity
  • Strong knowledge of capital markets, lending products, and regulatory guidance
  • Strong negotiation, oral and written communication skills
  • Ability to handle a diverse workload, accept accountability, assume leadership and demonstrate initiative

Nice to Have

  • Graduate degree (e.g. Master of Business Administration, Master of Science in Finance, Master of Science in Economics etc.)
  • Regulatory background in a supervision and regulation role

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.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
  • Leaders who support your development through coaching and managing opportunities
  • Work in a dynamic, collaborative, progressive, and high-performing team opportunities to do challenging work
  • Flexible work/life balance options

Job Skills

Artificial Intelligence (AI), Business Data Analysis, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Long Term Planning, Operational Delivery, Quantitative Methods, Risk Management

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

INTERNAL AUDIT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-09-03

Application Deadline:

2026-10-02

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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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

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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