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Credit Risk Manager Jobs in Pickering, ON (NOW HIRING)

Risk Assessment and Rating Assignment * Adjudicate credit requests up to assigned limits; make ... Portfolio Management Account Monitoring: * Proactive and ongoing monitoring of Early Warning Signs ...

The Credit & Risk Solutions Product Specialist will partner closely with Sales, Relationship Management, Product Management, and Client Success teams to support growth, retention, product adoption ...

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Credit Risk Manager information

See Pickering, ON salary details

$66.5K

$111.3K

$144.4K

How much do credit risk manager jobs pay per year?

As of Sep 9, 2026, the average yearly pay for credit risk manager in Pickering, ON is $111,279.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,172.00 and $115,163.00 per year, depending on experience, location, and employer.

What is a credit risk manager?

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 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 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.

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 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.

How much do credit risk managers make in the US?

Credit risk managers in the US typically earn a median annual salary of around $85,000 to $125,000, with experienced professionals and those in senior roles earning higher. Salaries can vary based on industry, location, and level of experience, and certifications like CFA or FRM can enhance earning potential.

What cities near Pickering, ON are hiring for Credit Risk Manager jobs?

Cities near Pickering, ON with the most Credit Risk Manager job openings:

Infographic showing various Credit Risk Manager job openings in Pickering, ON as of September 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 85% Physical, 4% Hybrid, and 11% Remote job distribution, with an average salary of $111,279 per year, or $53.5 per hour.

Senior Manager, Credit Risk Solutions

Toronto, ON • Hybrid

CIBC
Banking and Credit Intermediation • 10K+ employees

Full-time

Retirement

Posted 6 days ago


CIBC rating

9.0

Company rating: 9.0 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

7th of 176 rated banks


Job description

We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

What you'll be doing

As the Senior Manager, Credit Risk Solutions, you will assist the Director, Credit Risk Solutions with managing the Capital Markets Risk System initiatives so they deliver effective risk management information, and are properly positioned to respond to changing regulatory direction and practices. You will take ownership of your initiative (operational projects OR strategic projects) and collaborate with various stakeholder groups to deliver state of the art and innovative solutions that meet key business objectives and regulatory requirements. You will provide subject matter expertise to support data, measurement, and process enhancements during project stages to ensure successful delivery and will lead partners in Risk, Capital Markets and Technology in designing and implementing solutions. You will be expected to provide an end-to-end client experience, such as: understanding the client issue, defining the purpose of the change, proposing a solution, and summarizing results to the client (e.g. walk through of test cases and providing impact analysis).

At CIBC we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 2-3 days per week on-site, while other days will be remote.

How you'll succeed

  • Apply Domain Knowledge - Utilize expert knowledge of capital markets activities/products and experience in Counterparty Credit Risk measurement and management. You will be familiar with pertinent regulatory requirements (existing and emerging).

  • Initiative Oversight - Manage the lifecycle of your Agile and Release initiatives, which include: corresponding with the client to understand their issues; corresponding with technology to provide leadership and guidance to support your clients interests; and clearly setting out the objectives and expectations of the initiative.

  • Business Analysis - Analyze, document and produce business requirements to deliver high quality solutions, through the existing infrastructure framework related to calculation and reporting ofrisk related metrics. You will ensure that the solutions meet CMRM and CIBC data integrity standards within a well-controlled and robust data management framework.

  • Relationship Building - Collaborate with the various teams within and outside the RMSR group and Risk Management Technology. Your work will contribute to business leadership's perception of RMSR as added value to their businesses.

Who you are

  • You can demonstrate experience. With Capital Market Product (OTC, Repo, Fixed Income and SecLend product) pricing, terminology and risk calculations. You understand Rational databases, SQL query analyzer, Microsoft excel and electronic information flow. You have experience utilizing risk systems & applications, front office trading systems, Counterparty credit risk measurements and exposures, and capital models principles (SACCR, IMM, etc), best practices, processes, procedures, trading products and services. You have experience managing project and release intake, prioritization methods, delivery processes, including financials, project management, solution documentation and Enterprise Delivery Frameworks (Agile).

  • You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.

  • You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way. You draw on your prior experiences and knowledge to arrive at a calculated solution.

  • You look beyond the moment. You know what you do will make a difference today and tomorrow. You look for new opportunities to define what's possible.

  • Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.

  • Values matter to you. You bring your real self to work and you live our values - trust, teamwork and accountability.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

  • We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

  • Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

  • We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

  • CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com

  • CIBC is committed to clarity in our hiring process. All roles posted are opportunities we're actively recruiting for, unless stated otherwise.

  • You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

  • We may ask you to complete an attribute-based assessment and other skills test (such as simulation, coding, French proficiency).

  • We use artificial intelligence tools during the recruitment process. Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-81 Bay, 29th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Group Problem Solving, Market Risk, Regulatory Requirements, Reporting and Analysis, Researching, Risk Management Framework

What CIBC employees say

Hours and flexibility

Workplace

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