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Credit Risk Jobs in Ontario (NOW HIRING)

HollisWealth

Credit Risk Officer

Toronto, ON · Hybrid

Job Title Credit Risk Officer Build the future with us Are you driven by contributing to sound financial decision-making and eager to contribute to the purpose of a company that aims to help its ...

PwC

Credit Risk Modelling Senior Associate

Toronto, ON · Hybrid

CA$73K - CA$122K/yr

As part of the team, you'll help with credit risk modeling, model risk management as well as AI/ML/GenAI modeling for financial institutions. Meaningful workyou'llbe part of As a Credit Risk ...

Peoples Group

AVP Credit Risk Modelling

Toronto, ON · Hybrid

Working closely with Credit Risk Management and Finance to set credit loss provisions for the loan portfolio in accordance with IFRS-9 requirements. You will own the quantitative methodologies for ...

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Credit Risk information

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

To thrive as a Credit Risk Analyst, you need strong analytical skills, a solid understanding of financial statements, and a background in finance, economics, or a related field, often supported by a relevant degree or certification (such as FRM or CFA). Familiarity with risk assessment tools, financial modeling software, and credit rating systems is typically required. Attention to detail, critical thinking, and effective communication are essential soft skills for interpreting data and presenting risk assessments to stakeholders. These skills and qualities are crucial for making informed decisions that minimize financial losses and ensure sound lending practices.

What is the difference between Credit Risk vs Credit Analyst?

AspectCredit RiskCredit Analyst
Primary FocusAssessing the likelihood of borrower default to manage overall credit riskAnalyzing credit data to determine creditworthiness of individual applicants
Work EnvironmentRisk management teams, financial institutions, credit departmentsBanking, lending institutions, financial services
Required CredentialsOften requires risk management certifications, finance degreesFinance or accounting degrees, certifications like CFA or credit-specific courses

While both roles involve understanding credit, Credit Risk focuses on managing the overall risk exposure of an organization, whereas a Credit Analyst evaluates individual credit applications to determine approval. Both roles are essential in the lending process but differ in scope and responsibilities.

What is credit risk and what does a credit risk professional do?

Credit risk refers to the possibility that a borrower or counterparty will fail to meet their financial obligations, such as repaying a loan or making payments on time. Credit risk professionals analyze financial data, assess the creditworthiness of individuals or companies, and help set lending policies to minimize potential losses for banks or financial institutions. They use various models and tools to evaluate risk, monitor existing loans, and recommend strategies to mitigate exposure. Their work is essential for maintaining the financial health and stability of lending organizations.

What are some typical challenges faced by professionals in credit risk roles, and how can they be addressed?

Credit risk professionals often encounter challenges such as assessing the creditworthiness of new and existing clients, keeping up with rapidly changing market conditions, and managing large volumes of data to make informed decisions. To address these, it's important to stay updated on industry trends, develop strong analytical and communication skills, and leverage advanced risk assessment tools. Collaborating closely with colleagues in underwriting, sales, and compliance teams also helps ensure well-rounded risk evaluations and consistent application of policies.
What are the most commonly searched types of Credit Risk jobs in Ontario? The most popular types of Credit Risk jobs in Ontario are:
What are popular job titles related to Credit Risk jobs in Ontario? For Credit Risk jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Credit Risk jobs in Ontario look for? The top searched job categories for Credit Risk jobs in Ontario are:
What cities in Ontario are hiring for Credit Risk jobs? Cities in Ontario with the most Credit Risk job openings:
Credit Risk jobs near you
Infographic showing various Credit Risk job openings in Ontario as of July 2026, with employment types broken down into 100% Full Time. Highlights an 67% In-person, and 33% Hybrid job distribution.

Analyst, Credit Risk

EQ Bank | Canada's Challenger Bank

Toronto, ON • On-site

Full-time

Medical, Dental, Vision, Life, PTO

Re-posted 18 hours ago

Job description

Join a Challenger
At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions. 
We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.
What's kept us moving?  The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.
If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity. We can't wait to get to know you! 
We can't wait to get to know you! 

The Work
 

We are seeking a skilled Analyst to join our Credit Risk team. This role will involve portfolio analytics, quality assurance, ad-hoc analysis and reporting across retail lending. The ideal candidate will possess expertise in evaluating the portfolio for actionable insights critical to decision-making.

The Analyst, Credit Risk, reports to the Director, Credit Risk Management, and supports the leadership team with respect to the management of credit risk across the Bank.

 
Core Responsibilities

Portfolio Analytics:

  • Monitor the credit card loan portfolio and perform analytics for identifying relevant trends, insights and provide ad-hoc credit risk reports to members of senior management and to support quarterly board reporting
  • Assisting in the development and implementation of strategic risk management initiatives
  • Collaborating cross-functionally to provide valuable insights supporting decision-making processes
  • Generating and presenting reports, leveraging strong proficiency in SQL, Python, Power BI, PowerPoint and Excel.
  • Liaise with leaders in all functional areas of credit risk management to understand performance pertaining to complete product lifecycle: Account Acquisition, Portfolio Management, Collections, and Fraud
  • Support credit and fraud loss forecasting endeavors by incorporating and communicating emerging credit risk trends

Quality Assurance:

  • Review and validate the completeness and accuracy of financial, corporate, and credit documentation and results, ensuring consistent data integrity in internal systems.
  • Identify and document QA observations, including potential fraud indicators or emerging risk trends, and support frontline teams in addressing these issues.
  • Produce monthly reporting package that monitors overall credit quality of the portfolio, determines if the bank is operating within the established risk appetite, and provides oversight and governance of credit risk strategies
Let's Talk About You
  • Minimum 1 years of experience in the financial services industry
  • Post-secondary education (diploma/degree), in a quantitative field (Statistics, Mathematics, Computer science, Economics, Business Administration, Finance)
  • An understanding of the overall Banking Industry, particularly the Credit Risk Management Lifecycle for mortgages and related products.
  • 1-2 years experience in business analysis, business process, data analysis, data mining, data visualization and reporting, including project and co-op work.
  • Solid proficiency in Python, SQL, Power BI, Excel, PowerPoint, and overall Microsoft Office.
  • Strong analytical skills, attention to detail, and ability to interpret complex data.
  • Excellent communication skills, both written and verbal.
  • Ability to thrive in a dynamic, fast-paced environment.
  • Understanding of regulatory requirements pertaining to credit risk management.
What we offer [For full-time permanent roles]
 
Competitive discretionary bonus 
Market leading RRSP match program
  Medical, dental, vision, life, and disability benefits
  Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal days
  Virtual events to connect with your fellow colleagues
  Professional development and comprehensive Career Development program
  A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
 
Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger - and our people thrive - when we honour and celebrate diverse experiences, identities, and perspectives. We're equally committed to supporting your growth, both professionally and personally.

We provide a barrierfree recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.
EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration. 
To learn more, visit eqb.investorroom.com and eqbank.ca. 

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
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