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

S&P Global

Credit Product Specialist

Toronto, ON · On-site

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 Aug 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.

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 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 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.

More about Credit Risk Manager jobs
What cities near Pickering, ON are hiring for Credit Risk Manager jobs? Cities near Pickering, ON with the most Credit Risk Manager job openings:
Credit Risk Manager jobs near you
Infographic showing various Credit Risk Manager job openings in Pickering, ON as of August 2026, with employment types broken down into 100% Full Time. Highlights an 50% In-person, 33% Hybrid, and 17% Remote job distribution, with an average salary of $111,279 per year, or $53.5 per hour.

Senior Director, Commercial & Leveraged Finance, Commercial & Credit Risk Management

Socket.dev

Toronto, ON • On-site

$180 - $240/hr

Other

Retirement, PTO

Posted 4 days ago

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

Commercial & Wealth Credit Risk Management supports CIBC’s Commercial Banking and Wealth Management businesses by providing independent oversight and thoughtful adjudication across a complex commercial credit portfolio. As the Senior Director, Commercial & Leveraged Finance, you’ll be part of a team responsible for adjudicating credit applications, monitoring portfolio exposure, and providing analysis and recommendations on escalated credit decisions with a focus on Canadian Commercial Leveraged Lending, Asset Based Lending, National Accounts, and Large Commercial Loans involving loan sizes above $50 million (collectively “Commercial & Leveraged Finance”). You’ll work closely within risk, operations, and our business partners to review new business deal flow, annual reviews, amendments, and periodic portfolio assessments, including associated derivative exposures and ancillary activities. You’ll help define policies, procedures, and tactical objectives that support sound credit decision-making and a strong risk culture. You’ll also provide clear, well-reasoned recommendations to senior leaders, identify emerging issues, and help ensure reporting and monitoring frameworks remain effective across credit platforms and operations groups. Additionally, you’ll be involved in special projects to help improve our team’s efficiency and use of data while meaningfully contributing to our client focused, purpose led team based culture of continuous improvement.

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 3 days per week on-site, while other days will be remote and this arrangement is subject to change.

How you’ll succeed
  • Lead credit adjudication – Help lead the adjudication of the Commercial & Leveraged Finance portfolio, including new transactions, annual reviews, amendments, and periodic reviews of existing exposure. Provide balanced analysis and clear recommendations that support timely, well-informed credit decisions.
  • Build trusted partnerships - Develop strong working relationships with the business, within risk, and our operations partners. Provide practical guidance on credit-related matters, support strategic initiatives, and offer subject matter expertise to influence the development and implementation of policies and programs.
  • Monitor portfolio risk - Monitor economic, industry, and portfolio developments to identify emerging risks and adverse trends. Recommend mitigation strategies where appropriate and elevate issues promptly to ensure senior leaders are informed.
  • Apply sound judgment - Use CIBC’s credit policies, procedures, guidelines, and risk rating methodologies to assess transactions objectively and consistently. Ensure risks are properly identified, risk ratings remain accurate, and portfolio issues are communicated in a timely way.
  • Strengthen governance and reporting - Partner with the Wealth Relationship Management Analytics team and other stakeholders to maintain relevant reporting across credit platforms and operations groups. Contribute to risk reporting, governance controls, policy development, and special projects that strengthen portfolio oversight.
Who you are
  • You can demonstrate deep credit risk experience. You bring 8-10 years of experience in corporate banking, commercial banking, and/or risk management. You have experience managing complex commercial and corporate credit transactions across multiple industries, ideally including both investment grade and non-investment grade borrowers.
  • You have strong technical knowledge. You bring familiarity with mergers and acquisitions, capital markets products, and derivative transactions. You also have a solid understanding of the financial, legal, and regulatory environment from a risk perspective.
  • You bring valuable specialized lending experience. Experience in asset-based lending and leveraged lending is an asset. Exposure in challenging credit situations, workouts, or recovery environments would also be beneficial.
  • You’re a collaborative leader. You build strong relationships across teams and know how to influence partners through expertise, credibility, and sound judgment. You value inclusive teamwork and contribute to shared success.
  • You give meaning to data. You enjoy investigating complex issues, assessing risk, and turning detailed information into clear, actionable recommendations for stakeholders and senior leaders.
  • You know that details matter. You apply strong critical thinking and attention to detail to support balanced decision-making in a complex risk environment.
  • 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.

  • competitive salary
  • incentive pay
  • banking benefits
  • a benefits program*
  • defined benefit pension plan*
  • an employee share purchase plan
  • a vacation offering
  • wellbeing support
  • MomentMakers, our social, points-based recognition program

*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, 30th Floor

Employment Type: Regular

Weekly Hours: 37.5

Skills: Analytical Thinking, Credit Decisions, Credit Policies, Credit Risk Management, Financial Analysis, Group Problem Solving, Long Term Planning, People Management, Reporting and Analysis

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