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

REV Capital

Credit Risk Analyst

Concord, ON

CA$70K - CA$90K/yr

Credit Risk Analyst We are Building Our Talent Pipeline! REV Capital is seeking a Credit Risk Analyst to play a pivotal role in maintaining the financial stability and growth of our organization ...

goeasy

Risk Analyst (Credit Risk)

Mississauga, ON · On-site

CA$70K - CA$82K/yr

Perform analysis leading to credit strategy optimization, including but not limited to customer risk segmentation development that improves the portfolio's risk-reward profile. * Forecast, track and ...

goeasy

Risk Analyst (Credit Risk)

Mississauga, ON

CA$70K - CA$82K/yr

Perform analysis leading to credit strategy optimization, including but not limited to customer risk segmentation development that improves the portfolio's risk-reward profile. * Forecast, track and ...

Td

Credit Risk Analyst II (5311)

Toronto, ON · On-site

CA$69K - CA$98K/yr

Credit Risk Reporting & Allowance coordinates and produces a wide array of analysis, reporting, and insights largely associated with the Bank's credit portfolios, executes on the allowance ...

Td

Analyst, Credit Risk Policy

Toronto, ON · On-site

CA$69K - CA$98K/yr

An Analyst within the Credit Policy Reporting team will primarily be focused on analysis, reporting, and monitoring of risk exposures ensuring that they are in accordance with established policy ...

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All JobsCredit Risk Analyst JobsCredit Risk Analyst Jobs in Toronto, ON

Credit Risk Analyst information

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$15

$36

$63

How much do credit risk analyst jobs pay per hour?

As of Aug 27, 2026, the average hourly pay for credit risk analyst in Toronto, ON is $36.48, according to ZipRecruiter salary data. Most workers in this role earn between $24.78 and $39.92 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 Toronto, ON?

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

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

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

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

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

Credit Risk Analyst jobs near you
Infographic showing various Credit Risk Analyst job openings in Toronto, ON as of August 2026, with employment types broken down into 58% Full Time, and 42% Part Time. Highlights an 48% In-person, and 52% Hybrid job distribution, with an average salary of $75,882 per year, or $36.5 per hour.

Credit Risk Analyst

Concord, ON

REV Capital
See more jobs at REV Capitalexternal

CA$70K - CA$90K/yr

Full-time

Medical, Dental, Vision

Posted 9 days ago

Job description

Credit Risk Analyst

We are Building Our Talent Pipeline!

REV Capital is seeking a Credit Risk Analyst to play a pivotal role in maintaining the financial stability and growth of our organization through meticulous credit assessment and risk management practices. The Credit Risk Analyst will report to the Director of Credit and Underwriting and collaborate with cross-functional teams.

About REV Capital:

Cash flow restrictions are a universal challenge for B2B business owners.AtREV Capital, the leading North American provider of full-service factoring, we help our clients bridge that gap and grow sustainably.


How does invoice factoring work?

A business sells its unpaid invoices to a third-party company (known as a 'factor') at a discounted rate, receiving up to 98% of their invoice value immediately. The factor then handles collections and underwriting, so the business owner no longer needs to worry about net terms or chasing payments from their customers.

The result? Business owners can reinvest time and cashflow into their operations, helping them grow, stay competitive, and become industry leaders.

Want to learn more about the value of factoring? Here's a practicalbreakdownby Loren, our CEO.

Our team at REV is passionate about helping others. We embrace diversity and inclusivity, offering a flexible environment where professional and personal growth happens - just like with the hundreds of clients we support daily.

Ready to make an impact?Let's explore the difference you can make on our team!


Responsibilities:

  • Evaluate and analyze financial statements, credit reports, and other pertinent information to assess the risk of complex accounts.
  • Conduct in-depth assessments of clients' creditworthiness and financial stability.
  • Ensure all underwriting activities comply with PPSA and UCC regulations.
  • Draft, review, and prepare financing statements, and other relevant documents under PPSA and UCC guidelines.
  • Underwrite and review new client applications to establish their acceptability as investments for the Company; Negotiate the terms and conditions with the client while ensuring adherence to REV Capital policies and guidelines.
  • Evaluate portfolios nearing maturity to determine their continued suitability as investments for the Company.
  • Prepare and submit renewal applications for approval; Negotiate repayment or revised terms and conditions for portfolios deemed unacceptable.
  • Review cost consultant reports and prepare funding requests
  • Underwrite new and renewal business submissions ensuring proper risk selection, endorsements and pricing while adhering to underwriting authority.
  • Independently establish and maintain effective relationships with brokers and generate opportunities.
  • Attend and actively engage in client meetings, come prepared with well researched questions and communicate effectively with the client.
  • Generate detailed reports on underwriting activities, risk assessments, and portfolio performance for senior management.
  • Collaborate with the Sales team to understand client needs and offer tailored underwriting solutions.
  • Work closely with Legal and Compliance teams to ensure all processes adhere to regulatory standards.
  • Assist in the development of long and short-term underwriting strategic plans and executes on those objectives.
  • Perform file audits of individual risks for compliance with company guidelines and conditions.
  • Stay informed and up to date on any changes, trends, news, and legal developments.
  • Assist with ad hoc requests as needed.

Qualifications:

  • Bachelor's degree in finance, Economics, Business Administration, or a related field.
  • 4-7 years of B2B credit underwriting or credit risk experience, preferably in financial services, factoring, commercial lending, or a related industry.
  • Strong experience analyzing financial statements, credit reports, and other financial information to assess creditworthiness and risk.
  • Experience using commercial credit reporting agencies such as D&B and Equifax.
  • Strong understanding of credit analysis, underwriting principles, and risk assessment methodologies.
  • Experience underwriting new and renewal B2B business, including evaluating risk and recommending appropriate terms and conditions.
  • Knowledge of PPSA and UCC regulations is an asset.
  • Strong analytical, quantitative, communication, negotiation, and decision-making skills, with the ability to communicate effectively with clients and internal stakeholders.
  • Proficiency in Microsoft Office, particularly Excel, and the ability to work independently in a fast-paced, dynamic environment.
  • Nice to have: Experience in factoring, transportation, fraud analysis, or asset-based lending.
    What We Offer:
  • Competitive compensation of $70,000-$90,000
  • Employer matching RRSP - DPSP program
  • Flexible work schedule
  • Growth and development opportunities
  • Excellent extended medical, dental, and vision benefits plan that is 100% employer paid

Let your journey at REV Capital begin!

Apply