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Credit Risk Manager Jobs in Quebec (NOW HIRING)

Societe Generale

Credit Analyst

Montreal, QC · On-site

Manage key components of counterparty credit administration such as internal ratings, trading documentation (ISDA/CSA, GMRA, GMSLA, FAA), and replacement risk limits. Become knowledgeable of credit ...

Societe Generale

Credit Analyst

Montreal, QC

Manage key components of counterparty credit administration such as internal ratings, trading documentation (ISDA/CSA, GMRA, GMSLA, FAA), and replacement risk limits. Establish credit terms for legal ...

National Bank

Negotiate credit terms and conditions with the Credit Risk Management as needed and confirm the availability of financing for the Commercial Account Manager * Obtain comments from the Account ...

National Bank

Negotiate credit terms and conditions with the Credit Risk Management as needed and confirm the availability of financing for the Commercial Account Manager * Obtain comments from the Account ...

National Bank

... Credit Risk Management as needed and confirm the availability of financing for the Commercial Account Manager Obtain comments from the Account Managers on the preliminary versions of credit ...

National Bank

Negotiate credit terms and conditions with the Credit Risk Management as needed and confirm the availability of financing for the Commercial Account Manager * Obtain comments from the Account ...

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All JobsCredit Risk JobsCredit Risk Manager JobsCredit Risk Manager Jobs in Quebec

Credit Risk Manager information

See Quebec salary details

$70.5K

$117.9K

$153K

How much do credit risk manager jobs pay per year?

As of Jul 11, 2026, the average yearly pay for credit risk manager in Quebec is $117,884.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,000.00 and $122,000.00 per year, depending on experience, location, and employer.

What are the 5 C's of credit risk management?

The 5 C's of credit risk management are Character, Capacity, Capital, Collateral, and Conditions. These factors help credit risk managers evaluate a borrower's ability and willingness to repay a loan, guiding credit decisions and risk assessments. Understanding these principles is essential for effective credit analysis and maintaining financial stability.

How does a Credit Risk Manager typically collaborate with other departments to assess and mitigate risk?

A Credit Risk Manager frequently works with teams across the organization, such as underwriting, finance, and compliance, to assess borrower creditworthiness and ensure adherence to risk policies. Collaboration often involves developing risk models, reviewing loan portfolios, and communicating risk exposures to senior management. Working closely with these departments enables comprehensive risk assessments and the implementation of effective mitigation strategies. This cross-functional approach fosters a proactive risk culture and ensures that credit decisions align with both regulatory requirements and business objectives.

What Does a Credit Risk Manager Do?

A credit risk manager analyzes credit risk for banks and similar financial institutions. In this role, it’s your job to develop better credit risk policies and procedures to alleviate losses and maintain capital. Additional duties involve examining data, building financial models, creating performance reports, ensuring regulatory compliance, and formulating credit policy. This career requires at least a bachelor’s degree in business administration or a related field. Other important qualifications include excellent analytical, communication, and research skills. Most employers typically prefer candidates who have previous risk management experience.

What is the highest salary for a risk manager?

The highest salary for a Credit Risk Manager can exceed $150,000 annually, especially in large financial institutions or with extensive experience and advanced certifications. Senior risk managers in major markets or with specialized skills may earn even higher compensation, including bonuses and incentives.

What are Credit Risk Managers?

Credit Risk Managers are professionals responsible for assessing and managing the risk of financial losses that may arise from borrowers failing to repay loans or meet contractual obligations. They analyze financial data, credit reports, and market trends to determine the creditworthiness of individuals or businesses. Credit Risk Managers also develop policies and strategies to minimize potential losses and ensure compliance with regulatory standards. Their role is critical in maintaining the financial health and stability of banks, lending institutions, and other organizations involved in credit.

What is the role of a credit risk manager?

A credit risk manager is responsible for assessing and monitoring the creditworthiness of clients and borrowers to minimize financial losses. They analyze financial data, develop risk mitigation strategies, and ensure compliance with lending policies, often using tools like credit scoring models and financial analysis software.

What are the key skills and qualifications needed to thrive as a Credit Risk Manager, and why are they important?

To thrive as a Credit Risk Manager, you need strong analytical abilities, deep knowledge of financial principles, and typically a degree in finance, accounting, or a related field. Familiarity with risk modeling software, credit scoring systems, and regulatory frameworks such as Basel III is essential. Strong communication, decision-making, and stakeholder management skills set outstanding professionals apart in this field. These skills are crucial for accurately assessing creditworthiness, minimizing financial losses, and ensuring regulatory compliance within financial institutions.

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

AspectCredit Risk ManagerCredit Analyst
CredentialsBachelor's degree, often certifications like CFA or credit risk certificationsBachelor's degree, finance or related field, sometimes certifications like CFA
Work EnvironmentOversees risk policies, manages teams, strategic planningAnalyzes credit data, assesses borrower risk, prepares reports
Industry UsageUsed in banking, financial services, lending institutionsCommon in banks, credit agencies, financial firms

The Credit Risk Manager focuses on overseeing and managing the overall credit risk policies and teams, while the Credit Analyst conducts detailed credit assessments of individual borrowers. Both roles require similar credentials and are integral to credit decision processes, but they differ in scope and responsibilities.

Does credit risk pay well?

Credit Risk Managers typically earn competitive salaries that vary by industry, experience, and location. They often receive additional benefits and may need certifications such as CFA or FRM, which can influence compensation levels.
More about Credit Risk Manager jobs
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What cities in Quebec are hiring for Credit Risk Manager jobs? Cities in Quebec with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you

Credit Analyst

Societe Generale

Montreal, QC • On-site

Other

Re-posted 27 days ago

Job description

DEPARTMENT DESCRIPTION

COVERAGE & INVESTMENT BANKING/Credit Portfolio Management - Financial Assets and Insurance (GLBA/CPM/FAI). The mission of CPM/FAI is to provide credit analysis and manage the credit relationship with clients.  This position has a focus on non-bank financial institutions located in the Americas, primarily the USA. 

Responsibilities

The individual will be responsible for credit analysis of existing or new non-bank financial institution clients/counterparties related to the following industries: asset managers and regulated funds, pension funds; mortgage REITS; and private equity funds.  Products traded include OTC derivatives, prime services products, foreign exchange, repo, and securities lending.  Clients may also require committed loan facilities.  Day to day responsibilities include:

  • Process credit requests in a timely manner to meet business deadlines and maintain the annual review cycle.

  • Research and analyze financial data on the client to prepare high quality analysis in credit applications that address client credit risk and transaction risk.

  • Conduct sector research covering North America to support the analysis.

  • Develop strong credit judgment skills when recommending credit facilities, taking into consideration facility size, tenor, and suitability for client.

  • Propose obligor ratings using the bank's rating tools.

  • Manage key components of counterparty credit administration such as internal ratings, trading documentation (ISDA/CSA, GMRA, GMSLA, FAA), and replacement risk limits.  Become knowledgeable of credit terms for legal documents and follow up with legal department on negotiations.

  • Perform ongoing monitoring of client credit quality to identify a possible deterioration of credit quality.

  • Monitor exposure and manage credit limit exceptions. Adapt to ongoing accounting and regulatory changes that affect credit limits and exposure.

  • Coordinate all aspects of a credit request, liaising with FAI relationship managers, business lines, legal staff, and Risk Division. 

COMPETENCIES

Must Have: 

  • Organize time and manage deliverables to deadlines

  • Identify and accommodate shifting priorities with little notice

  • Analyze and assess counterparty risk and financial condition utilizing quantitative and qualitative data. 

  • Complete work with minimal or no supervision

  • Possess a high degree of enthusiasm and energy to learn a variety of financial institution industry sectors.

  • Team player, interfacing with team members, front office bankers and salespersons, risk team, and clients.

  • Proficiency using Word for written analysis and Excel for spreadsheet analysis

  • Ability to acquire knowledge of the accounting, legal and regulatory issues governing relevant sectors.

  • Ability to investigate/research/synthesize data and make appropriate conclusions as to what is causing the observed result(s)

  • Ability to write concisely and in a way that conveys analysis and conclusions without minimal follow-up questions.

  • Knowledge of capital markets/traded products and committed financing facilities.

  • 3 years of overall credit analysis experience preferably in non-bank FI space

  • Bachelor's degree from accredited university

Nice-to-have:

  • Knowledge of capital markets/traded products and committed financing facilities.

  • Advanced Excel skills, and AI tools.

LANGUAGE: 

Ability to communicate in English, both orally and in writing, is a requirement as the person in this position will need to collaborate regularly with colleagues and partners in the United States. 

Due to US Federal Securities law that may apply to this position, candidates who will apply for this position may be required to submit to an enhanced background screening, including the collection of their fingerprints by a third-party vendor selected by the Financial Industry Regulatory Authority ("FINRA").

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