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

Td

Senior Credit Risk Analyst (ATH 5209)

Toronto, ON · On-site

CA$81K - CA$115K/yr

The primary function of this position includes performing IFRS 9 Expected Credit Loss (ECL) Analysis and Forecasting for TD Canadian Retail Credit Products. The role works closely with Retail Risk ...

MasterCard

Director, Credit Risk Policy

Toronto, ON · On-site

... mindset Deep analytical and data-driven decision-making capability Solid understanding of ... credit risk strategy, portfolio management, analytics] Experience operating across global or ...

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

Credit Risk Analyst information

See Toronto, ON salary details

$15

$36

$63

How much do credit risk analyst jobs pay per hour?

As of Aug 6, 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 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 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 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 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 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.

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
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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 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $75,882 per year, or $36.5 per hour.

Director, Fundamental Credit Risk

Healthcare of Ontario Pension Plan

Toronto, ON • On-site

Full-time

Medical, Dental, Retirement

Re-posted 5 hours ago

Job description

Why you'll love working here:

  • high-performance, people-focused culture

  • our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves

  • learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees' career growth

  • membership in HOOPP's world class defined benefit pensionplan, which can serve as an important part of your retirement security

  • competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account).

  • optional post-retirement health and dental benefits subsidized at 50%

  • yoga classes, meditation workshops, nutritional consultations, and wellness seminars

  • the opportunity to make a difference and help take care of those who care for us, byproviding a financially secure retirement for Ontario healthcare workers

Job Summary

The Director, Fundamental Credit Risk supports the objectives of the Risk and Strategy function by providing independent, rigorous credit risk assessment and advisory support for public and private debt investments. Working closely with investment teams, technology partners, and risk specialists, the role delivers value-added transaction reviews, applies internal credit assessment methodologies, and contributes to the development of effective credit monitoring practices. The position plays a key role in ensuring that credit risks are appropriately identified, evaluated, and communicated to support informed investment decision-making and portfolio resilience.

  • Provide independent credit risk assessment and transaction review for debt investments
  • Partner with investment teams to support risk-informed decision-making.
  • Strengthen internal credit assessment and monitoring practices through the use of advanced analytics, including artificial intelligence, and leading industry practices.

What you will do:

  • Conduct independent credit assessments of private and selected public debt investments by reviewing investment proposals, financial statements, projections, and structural features to evaluate risk-return adequacy.
  • Own the execution and ongoing development of the internal credit assessment and rating framework for private credit and structured debt investments, leveraging advanced analytics (including AI) and leading industry practices to strengthen risk evaluation.
  • Provide timely, practical, and well-reasoned credit risk advice to investment teams throughout the transaction lifecycle while maintaining independent risk judgment.
  • Analyze complex financing structures, including cash flow priorities, covenant frameworks, collateral arrangements, and downside protection mechanisms.
  • Support ongoing credit surveillance through regular monitoring of portfolio exposures, financial performance, third-party research, and relevant market developments.
  • Identify, synthesize, and communicate emerging credit risks, trends, and potential credit events to senior stakeholders, providing clear recommendations aligned with portfolio objectives.

What you bring:

  • University degree in finance, economics, business, or a related discipline.
  • 5+ years of progressive experience in credit risk analysis, private credit, structured finance, or related investment risk roles, with a strong focus on private and complex debt investments.
  • Master's degree in a relevant discipline and/or professional risk or investment designation.
  • Advanced expertise in credit risk analysis for private debt and complex financing structures, including the ability to assess structural protections, downside risk, and recovery outcomes.
  • Strong financial analysis skills, including the evaluation of financial statements, business models, cash flow projections, and stress scenarios.
  • Demonstrated ability to apply and interpret internal or external credit assessment frameworks for illiquid and non-public investments.
  • Strong judgment and analytical rigor, with the confidence to challenge assumptions and investment theses constructively.
  • Excellent written and verbal communication skills, with the ability to clearly articulate credit risks and recommendations to senior and diverse stakeholders.

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