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Credit Risk Reviewer Jobs in Ontario (NOW HIRING)

Title and Summary Director, Credit Risk Policy Director, Credit Risk Policy Overview: This role ... reviews, examinations, and audits Partner with senior stakeholders across Business, Finance ...

Conduct independent review and challenge of Expert Credit Judgements applied to allowance of retail credit losses, including adjustments related to data, forward-looking information, models ...

New

Support internal and external audits and regulatory reviews related to counterparty credit risk. * Lead exposure monitoring and reporting, collateral management, and compliance with credit policies

As part of the team, you'll help with credit risk modeling, model risk management as well as AI/ML ... Assistassurance teams with reviews of clients' model development and validation processes

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 ... Apply strong self-review practices to verify accuracy of outputs and identify opportunities to ...

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Credit Risk Reviewer information

What does a credit risk reviewer do?

A Credit Risk Reviewer is responsible for assessing and evaluating the credit risk associated with lending decisions at financial institutions. They analyze loan portfolios, review credit policies, and ensure compliance with internal and regulatory standards. By identifying potential risks and weaknesses in lending practices, they help organizations minimize losses and maintain healthy credit quality. Their work often involves preparing detailed reports and recommending improvements to credit processes and controls.

How does a credit risk reviewer typically collaborate with other departments to ensure accurate risk assessments?

Credit Risk Reviewers work closely with teams such as loan origination, underwriting, and compliance to gather comprehensive information about borrowers and lending practices. They often participate in cross-departmental meetings to discuss findings, identify trends in credit quality, and recommend improvements to credit policies. Effective collaboration ensures that risk assessments are thorough and align with regulatory standards, ultimately helping the organization make informed lending decisions. This collaborative environment also provides opportunities to learn from other specialties and expand one's expertise within the financial institution.

What are the key skills and qualifications needed to thrive as a credit risk reviewer, and why are they important?

To thrive as a Credit Risk Reviewer, you need a strong background in finance, accounting, and risk assessment, typically supported by a bachelor’s degree in a related field. Familiarity with credit analysis tools, risk rating systems, and regulatory compliance frameworks such as Basel II/III is important, as well as proficiency in Excel and financial modeling software. Attention to detail, analytical thinking, and effective communication are crucial soft skills for evaluating creditworthiness and presenting findings. These skills ensure accurate risk assessments, regulatory adherence, and sound decision-making to protect an organization’s financial health.

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

AspectCredit Risk ReviewerCredit Analyst
Required CredentialsBachelor's degree, certifications like CFA or credit-specific trainingBachelor's degree, often similar certifications or coursework in finance or economics
Work EnvironmentReviewing credit files, assessing risk, and ensuring complianceAnalyzing financial data, preparing credit reports, and making lending recommendations
Employer & Industry UsageFinancial institutions, banks, credit agenciesBanks, lending institutions, corporate finance departments

Both roles involve assessing creditworthiness, but Credit Risk Reviewers focus on evaluating existing credit files for risk and compliance, while Credit Analysts analyze financial data to recommend new credit approvals. They often work together within financial institutions to manage credit portfolios effectively.

What are popular job titles related to Credit Risk Reviewer jobs in Ontario? For Credit Risk Reviewer jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Credit Risk Reviewer jobs in Ontario look for? The top searched job categories for Credit Risk Reviewer jobs in Ontario are:
What cities in Ontario are hiring for Credit Risk Reviewer jobs? Cities in Ontario with the most Credit Risk Reviewer job openings:
Infographic showing various Credit Risk Reviewer job openings in Ontario as of August 2026, with employment types broken down into 89% Full Time, and 11% Contract. Highlights an 78% In-person, and 22% Hybrid job distribution.

Manager, Credit Risk Model Validation

BMO Capital Markets

Toronto, ON • On-site

Full-time

Medical, Life, Retirement

Re-posted 13 days ago


Job description

Application Deadline:

08/30/2026

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

Seekinga skilled and experienced professional to join our Model Risk Management Team as a Manager, Model Risk, Credit Risk.As amanagerin oursecond lineof defenserisk management,governance,and controlfunction, you will play a pivotal role in the validation of credit risk models,such asAllowance (IFRS 9 /CECL/loss forecasting) models,Stress Testing (CCAR/EWST), Climate Riskmodelsand other initiatives.Other activities related to the model lifecycle such as model performance monitoring, annual reviews, assessment of overlay quantification are also part of the validation responsibilities.Experience in other credit risk families, such as credit adjudication and account management models, is also relevant.Thisis anindividual contributorrole.

Note- We welcome applications from Senior Analyst candidates with fewer years of experience, provided they have a strong technical background and experience that is closely aligned with the role

Key RoleResponsibilities:

  • Model Risk Review and Effective Challenge: You perform the validation of models, other estimation approachesand critical tool calculatorsand assess the model risk to confirm model appropriateness and capability for a designated portfolio. Youare responsible forproviding effective challenge to the credit risk models during model development and communicating decisionsregardingmodel use to the business to ensure transparency and understanding of models and model risks. You assess the models' capabilities, stresspointsand limitations; you assess the associated model risk and the controls in place to mitigateidentifiedrisks.
  • Stakeholder Engagement: Effective communication is crucial in this role. You will manage relationships with model developers, owners, and users, influencing and advising on model risk-related matters. Your ability to explain complex technical concepts in everyday language will set you apart.
  • Change Management: BMO is at the forefront of innovation in model risk management. You will be part of the team that drives change by embracingnew technologyplatforms, tools, and operating models.
  • Regulatory Expertise: Acts as a subject matter expert on relevant regulations and policies. May network with industry contacts to gain competitive insights and best practices. Interprets new regulations and assesses impacts to the program / portfolio validation framework.
  • Risk Understanding: You will need to connect the dots between technical issues and business considerations.
  • Serve as a trusted advisor to business partners, influencing stakeholders and supporting strategic planning and decision-making.
  • Lead the development, execution, and enhancement of the model validation framework, methodologies, and validation strategies.
  • Independently validate models, assumptions, data, methodologies, benchmarks, and supporting documentation to assess model effectiveness and compliance.
  • Identify, quantify, document, and escalate model risks, deficiencies, and required corrective actions while monitoring remediation efforts.
  • Research emerging trends, regulatory requirements, and industry best practices to strengthen model risk management and governance.
  • Provide expert consulting and technical guidance on model validation, risk management, and framework implementation.
  • Lead validation-related initiatives, change management activities, process improvements, and operational programs across the portfolio.
  • Represent the model validation function during internal audits, regulatory examinations, and stakeholder reviews.
  • Develop, monitor, and report on model validation portfolio performance, model inventory, attestations, and governance outcomes.
  • Build and maintain strong stakeholder relationships, ensuring alignment, effective communication, and successful delivery of strategic objectives.

Qualifications:

  • A MSc or PhD in quantitative fields such as statistics, applied mathematics, financial mathematics, data science, actuarial sciences, electrical engineering, or related fields.
  • A minimum of4years of experience in modelvalidationand/ordevelopmentwithin a financial institution, particularly in the credit risk area.
  • Certifications: While qualifications like CFA are helpful, they are not mandatory.
  • Experience in credit risk models, including Stress Testing & loss forecasting, AIRB and Adjudication/Account Management.
  • Proficiencyin a programming language such as Python, R, and SAS (Python is preferred).
  • Proficiencyin working with relational databases - SQL or Oracle.
  • Working with Big data tools and Cloud platforms (AWS/Azure) is a plus.
  • A can-do attitude and a research, deep-dive mindset.

Our team values flexibility, collaboration and in-person engagement. This positionis located inToronto and offers flexibility with a hybrid work arrangement, where the successful candidate will spend at least3days per week on-site.

Salary:

$75,900.00 - $141,900.00

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit:https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we'll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other's differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.