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Credit Risk Underwriter Jobs in Ontario (NOW HIRING)

MasterCard

Director, Credit Risk Policy

Toronto, ON · On-site

Title and Summary Director, Credit Risk Policy Director, Credit Risk Policy Overview: This role ... e.g., Underwriting standards, collateral standards, etc Oversight of first line of defense ...

MCL Finance

Senior Credit Underwriter

Toronto, ON · On-site

We originate, underwrite and deploy credit with precision - backing businesses that have been ... You'll assess risk, structure approvals, and work closely with our network of brokers and service ...

goeasy

Risk Manager (Risk & Analytics)

Mississauga, ON · On-site

Demonstrated experience in identifying, quantifying, managing, and implementing changes to credit risk decisions and underwriting strategies, policies and procedures through the use and application ...

goeasy

Risk Manager (Risk & Analytics)

Mississauga, ON

CA$95K - CA$129K/yr

Demonstrated experience in identifying, quantifying, managing, and implementing changes to credit risk decisions and underwriting strategies, policies and procedures through the use and application ...

S&P Global

Credit Product Specialist

Toronto, ON · On-site

Support the design of client workflows involving credit underwriting, portfolio monitoring, financial analysis, counterparty risk, procurement risk, treasury, and enterprise risk management. * Help ...

AgWest Farm Credit

CA$66K - CA$99K/yr

We are in search of a Credit Underwriter I or Credit Underwriter II to join our Oregon Lending and ... the risk parameters acceptable to AgWest. * Complete farm visits, collateral inspections and ...

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Credit Risk Underwriter information

See Ontario salary details

$29.5K

$110.9K

$167K

How much do credit risk underwriter jobs pay per year?

As of Aug 14, 2026, the average yearly pay for credit risk underwriter in Ontario is $110,894.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,000.00 and $144,500.00 per year, depending on experience, location, and employer.

What is credit risk underwriting?

Credit risk underwriting is the process used by credit risk underwriters to assess the likelihood that a borrower will default on a loan or credit obligation. It involves analyzing financial statements, credit history, and other relevant data to determine the level of risk and appropriate credit terms. Underwriters use tools like credit scoring models and adhere to lending policies to make informed decisions.

What is a credit risk underwriter?

A Credit Risk Underwriter evaluates the creditworthiness of individuals or businesses applying for loans, credit lines, or financial products. They analyze financial statements, credit reports, and risk factors to determine the likelihood of repayment. Their goal is to minimize financial risk for lenders while ensuring responsible lending practices. Underwriters use financial models, industry guidelines, and company policies to assess applications and decide on approvals, declines, or modifications.

What are the key skills and qualifications needed to thrive as a credit risk underwriter?

To excel as a Credit Risk Underwriter, you need strong analytical skills, attention to detail, and a solid understanding of financial statements and credit principles, usually supported by a degree in finance, accounting, or a related field. Familiarity with credit risk assessment software, loan origination systems, and relevant certifications such as CFA or CRC is highly beneficial. Excellent communication, decision-making, and problem-solving skills help candidates collaborate effectively and handle complex risk scenarios. These competencies are crucial to accurately assess creditworthiness, minimize financial risk, and ensure the organization's lending decisions are sound.

What are the typical challenges faced by a credit risk underwriter, and how are they managed?

Credit Risk Underwriters often handle complex financial profiles and must balance thorough risk assessment with the need to process applications efficiently. Managing tight deadlines, adapting to changing regulatory requirements, and navigating ambiguous or incomplete financial information are common challenges. Effective underwriters leverage teamwork, advanced analytics tools, and ongoing professional development to stay current with industry trends and best practices. By working closely with loan officers, compliance teams, and risk managers, they ensure informed lending decisions while maintaining high standards of accuracy and compliance.

What are the most commonly searched types of Credit Risk Underwriter jobs in Ontario?

The most popular types of Credit Risk Underwriter jobs in Ontario are:

What are popular job titles related to Credit Risk Underwriter jobs in Ontario?

For Credit Risk Underwriter jobs in Ontario, the most frequently searched job titles are:

What job categories do people searching Credit Risk Underwriter jobs in Ontario look for?

The top searched job categories for Credit Risk Underwriter jobs in Ontario are:

Credit Risk Underwriter jobs near you
Infographic showing various Credit Risk Underwriter job openings in Ontario as of August 2026, with employment types broken down into 100% Full Time. Highlights an 50% In-person, and 50% Remote job distribution, with an average salary of $110,894 per year, or $53.3 per hour.

Credit Risk Analyst, North American Underwriter

Stripe

Toronto, ON • On-site, Remote

Full-time

Re-posted 24 days ago

Job description

Who we are About Stripe

Stripe is a financial infrastructure platform for businesses. Millions of companies-from the world's largest enterprises to the most ambitious startups-use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet, and we have a staggering amount of work ahead. That means you have an unprecedented opportunity to put the global economy within everyone's reach while doing the most important work of your career.

About the team

The Credit team protects Stripe by managing the end-to-end risk of our largest and most complex users. We leverage deep underwriting expertise and data-driven stress heuristics to make informed decisions at every stage of the user lifecycle-from onboarding to loss recovery. Our goal is to enable Stripe's growth by making confident, calibrated decisions on our highest-exposure users.

What you'll do

Stripe handles billions of dollars every year for businesses around the world, and the Risk team plays a critical role in the company's financial and partnership success. As a Credit Analyst Underwriter on the North America Strategy Risk team, you will underwrite and manage a portfolio of our largest and fastest growing businesses in order to facilitate Stripe's growth objectives while minimizing Stripe's credit risk. This is a high impact role that involves strong cross-functional partnership with Sales, Legal, Treasury, and Finance.

Responsibilities
  • Work directly with our top merchants, from successful venture-backed startups to well-established institutions, to evaluate their business models and financial statements.
  • Provide tailored credit risk recommendations that mitigate Stripe's exposure, while facilitating partner company growth.
  • Help manage the portfolio by developing a deep understanding of risk across industries, geographies, and operating models.
  • Deliver insights to support senior management decisions, ranging from onboarding strategies to merchant pricing analysis.
  • Support the refinement of tools and processes to help the team deliver on key performance indicators, such as credit loss targets or portfolio coverage metrics.
  • Work with internal and external partners to support merchants around the world.
Who you are

We're looking for someone who meets the minimum requirements to be considered for the role. If you meet these requirements, you are encouraged to apply. The preferred qualifications are a bonus, not a requirement.

Minimum requirements
  • 3+ years of relevant experience with knowledge of commercial credit underwriting, financial risk modeling, and cash flow forecasting
  • Bachelor's degree in Finance, Economics, Statistics, or other related fields
  • Strong knowledge of accounting principles and comfort evaluating financial statements and business models across a range of industries
  • Ability to transform business and financial data into cohesive narratives that outline potential credit risks and present dynamic mitigation strategies
  • Strong written, verbal, and analytical skills
  • Attention to detail while managing priorities in a fast-paced environment
  • Ability to comfortably interact with the CFOs and CEOs of our top merchants
  • Deep empathy for entrepreneurs running a business and motivation to solve problems to empower them
Preferred qualifications
  • Strong technical expertise, including demonstrated experience with SQL
  • Strong data visualization skills and a passion for data and analysis
  • Experience working in tech or other fast-paced, high-growth environments

Apply