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Credit Risk Analyst Jobs in Ontario (NOW HIRING)

CIBC

Director, Wealth Credit Risk

Toronto, ON · Hybrid

It's an asset if you have completed Level I or higher of the Chartered Financial Analyst program ... Risk, Credit Processes, Credit Risks, Emerging Risks, Estate Planning, Financial Planning, Group ...

CIBC US

Director, Wealth Credit Risk

Toronto, ON · Hybrid

It's an asset if you have completed Level I or higher of the Chartered Financial Analyst program ... Risk, Credit Processes, Credit Risks, Emerging Risks, Estate Planning, Financial Planning, Group ...

Everest Re Group

Risk Analyst I

Toronto, ON · Hybrid

CA$57K - CA$98K/yr

Title: Risk Analyst I Company: Everest Global Services, Inc. Job Category: Risk Management Risk ... Support Credit and Surety accumulation monitoring processes, including data preparation, validation ...

PwC

Credit Risk Technology Senior Manager

Toronto, ON · On-site

CA$147K - CA$197K/yr

Hands onexperience across one or more credit risk and analytics platforms, such as FICO,Moodys,Databricks, Google Cloud, Microsoft Azure,AWSor SAS * Proficiencywith modern data engineering and ...

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 ...

BMO Capital Markets

Credit Analyst

London, ON · On-site

CA$53K - CA$98K/yr

Credit Risk Assessment * Portfolio Management * Deal Execution Support * Governance, Compliance & Documentation Your Role as a Commercial Credit Analyst: Analyze & Advise * Assess financials, trends ...

Royal Bank of Canada

Manager, Global Credit

Toronto, ON · On-site

Work with the Data Analytics Lead or Data Scientist to identify opportunities for incorporating ... Strong foundation in credit risk management gained through a combination of educational and / or ...

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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 Aug 19, 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:

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Credit Risk Analyst jobs near you
Infographic showing various Credit Risk Analyst job openings in Ontario as of August 2026, with employment types broken down into 50% Full Time, and 50% Part Time. Highlights an 60% In-person, and 40% Hybrid job distribution, with an average salary of $79,512 per year, or $38.2 per hour.

Senior Analyst, Credit Risk & Collections

EQ Bank | Canada's Challenger Bank

Toronto, ON • Hybrid

Full-time

Medical, Dental, Vision, Life, PTO

Posted 12 days ago

Job description

Join a Challenger
At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions. 
We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.
What's kept us moving?  The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.
If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. 
We can't wait to get to know you! 


Purpose of the Job 

This role supports the development, management, monitoring, and ongoing refinement of customer risk management processes and strategies across the PC Mastercard and PC Money products. The role is responsible for using quantitative analysis, financial assessment, and test-and-learn methodologies to support the optimization of strategies across limit management, APR pricing, delinquency management, collections, payment holds, and related credit risk decision areas. 

Job Duties:

  • Analyze, monitor, and contribute to assigned customer risk strategies across areas such as limit management, APR pricing, delinquency management, collections, payment holds, and other prioritized strategies. 

  • Own assigned optimization opportunities and refine strategies through quantitative analysis, performance monitoring, and test-and-learn approaches to assess effectiveness and identify improvement opportunities. 

  • Recommend credit risk strategy changes based on analytical findings, strong financial analysis, portfolio performance, and expected customer and business impacts. 

  • Develop evidence-based recommendations and present findings to leadership to support policy and strategy decisions. 

  • Own assigned analytical workstreams and support implementation activities by providing analysis, validation, documentation, and stakeholder updates to help ensure deployments meet quality expectations. 

  • Develop strong working knowledge of credit systems, including TSYS and TRIAD, to support strategy design, implementation, monitoring, and continuous improvement. 

  • Support continuous improvements to strengthen oversight and governance capabilities. 

Let's Talk About You!

  • Post-secondary education or equivalent experience in a quantitative field is preferred, including economics, business administration, statistics, mathematics, computer science, or operations research. 

  • Minimum of 1-2 years of progressive experience analyzing problems, implementing solutions, and validating results. 

  • Proficiency with data management and reporting tools such as Python and SQL is required
  • Proficiency with Microsoft Office suite is required

  • Knowledge of the credit card lifecycle and profit-and-loss financial drivers. 

  • Working knowledge of credit card host systems, including TSYS, is preferred.

  • Experience with adaptive control systems such as TRIAD, FICO Strategy Director, Experian PowerCurve, or comparable decisioning platforms is an asset. 

  • Good change management experience and discipline, including validation, user acceptance testing, and post-implementation validation.

  • Experience within SAS PySpark, and/or R are preferred 

  • Storytelling experience with Think-cell or similar tools would be an asset. 

  • Additional experience with decision-tree software, including GCP machine learning, Angoss, or SAS, and optimization software such as FICO Decision Optimizer would be an asset. 

  • Strong curiosity, problem-solving ability, financial acumen, and interpersonal skills. 

  • Ability to distill and communicate complex analytic recommendations to both technical and non-technical stakeholders, orally and through written presentations. 

What we offer [For full-time permanent roles]
 
Competitive discretionary bonus 
Market leading RRSP match program
  Medical, dental, vision, life, and disability benefits
  Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days 
  Virtual events to connect with your fellow colleagues
  Professional development and comprehensive Career Development program
  A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
 
The incumbent will be working hybrid and in office time will be spent working from EQ Bank's additional office space located at 2200-25 Ontario Street, Toronto, ON.


Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger - and our people thrive - when we honour and celebrate diverse experiences, identities, and perspectives. We're equally committed to supporting your growth, both professionally and personally.

We provide a barrierfree recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.
EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration. 
To learn more, visit eqb.investorroom.com and eqbank.ca.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
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