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Credit Risk Jobs in Ontario (NOW HIRING)

CIBC US

Sr. Commercial Credit Risk Manager

Toronto, ON · Hybrid

Assess credit applications - Review the financial history of applicants and assess exposure to the Bank from a risk/return perspective. You'll also approve or decline all credit applications within ...

CIBC

Sr. Commercial Credit Risk Manager

Toronto, ON · Hybrid

Assess credit applications - Review the financial history of applicants and assess exposure to the Bank from a risk/return perspective. You'll also approve or decline all credit applications within ...

Canadian Tire

Credit Risk Strategist

Oakville, ON · On-site

CA$2K/wk

What youu2019ll do The Credit Risk Strategist position reports to the Manager, Late Stage Customer Management. The position is responsible for the development of credit risk strategies, customer ...

Canadian Tire

Credit Risk Strategist

Oakville, ON · On-site

CA$2K/wk

What youu2019ll do The Credit Risk Strategist position reports to the Manager, Late Stage Customer Management. The position is responsible for the development of credit risk strategies, customer ...

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Showing results 1-20

All JobsCredit Risk JobsCredit Risk Jobs in Ontario

Credit Risk information

See Ontario salary details

$27.5K

$99.9K

$187K

How much do credit risk jobs pay per year?

As of Jun 10, 2026, the average yearly pay for credit risk in Ontario is $99,870.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,500.00 and $128,000.00 per year, depending on experience, location, and employer.

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
Analyst III, Counterparty Credit Risk

Analyst III, Counterparty Credit Risk

Liberty

Oakville, ON • Hybrid

CA$90K - CA$120K/yr

Full-time

Medical, PTO

Posted 28 days ago

Job description

Algonquin Power & Utilities Corp. (AQN), parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, reliable, and cost-effective energy and water solutions through our portfolio of utility investments to over one million customer connections, largely in the United States and Canada.

 

At Algonquin, our vision is to be the most trusted utility service provider in North America – a premium regulated utility, known for our customer focus, commitment to sustainability, and strong community partnerships. Our employees are at the heart of that vision. We believe that when people are empowered to learn, grow, and contribute their ideas, we can achieve remarkable results together.

 

We are building a culture that values integrity, inclusivity, and innovation. By joining Algonquin, you’ll be part of a team that is shaping the future of energy and water, while creating long-term value for our customers, communities, employees, and shareholders.

Purpose

The Senior Credit Analyst supports Algonquin Power & Utilities Corp.’s and its Subsidiaries Treasury function by conducting advanced credit risk assessments, monitoring and reporting counterparty exposure, and ensuring compliance with internal credit policies and governance framework. The role provides analytical insights on counterparties to support financing activities, commodity trading, capital markets transactions, and vendor/customer credit decisions. This role provides subject matter expertise, supports risk governance and decision making, and contributes to the ongoing development of counterparty credit risk frameworks, limits, and controls
This position enhances the company’s financial risk management framework by evaluating creditworthiness, recommending, reporting and monitoring credit limits, and supporting treasury operations with high‑quality analysis and reporting.

#LI-Hybrid

Accountabilities
  • Perform detailed credit analysis of counterparties using financial statements, ratios, cash‑flow analysis, and qualitative risk factors.
  • Assign and recommend internal risk ratings and exposure limits in accordance with approved credit risk policies.
  • Conduct ongoing surveillance of counterparty portfolios and identify emerging risks, trends, or limit exceptions.
  • Assess credit risk associated with new counterparties, products, transactions, and business initiatives.
  • Prepare clear, concise credit risk reports and presentations for senior management and risk or credit committees.
  • Track, document, and support governance actions, including limit approvals, exceptions, and remediation plans.
  • 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
  • Support capital planning an procurement activities by assessing counterparty strength.
  • Communicate credit findings to internal teams (Treasury, Finance, Procurement, Energy Trading, Legal, Risk and Audit); to resolve credit issues, limit excesses or structural mitigants.
  • Collaborate with external partners such as rating agencies, banks, and counterparties, as required
  • Influence decision‑making through clear, data‑driven recommendations.
  • Partner with business teams on onboarding new counterparties and reviewing changes to existing relationships.
  • Develop, maintain and distribute supplement to any Credit Application form that Algonquin and Subsidiaries may need to complete to obtain counterparty credit, and assist key stakeholders as required in any workstream where Algonquin and Subsidiaries is applying for Credit from a Third Party  
  • Contribute to the development and enhancement of counterparty Credit Risk Policy, processes, methodologies, and monitoring tools
  • Support implementation of new systems or enhancements to credit monitoring frameworks
  • Leverage use of A.I. tools in uploading any required data into Algonquin and Subsidiary Credit Assessment tolls to ensure a more efficient process.
Education and Experience
  • University Degree or equivalent 
  • Excellent financial statement analysis and credit assessment skills
  • Strong experience with credit assessment methodologies
  • Excellent excel modelling capability
  • Familiarity with utility, energy, or infrastructure sectors an asset
  • Proficiency with Excel, financial modeling, and treasury systems
  • CPA or progress toward designation considered an asset 
Compensation Data


Full base salary range $90,000.00- $120,000.00 per year*Liberty considers several factors when extending an offer, including but not limited to, the role and responsibilities, a candidate's work experience, education, training and skills, and geographic location.

Our purpose is sustaining energy and water for life, and it is demonstrated in everything we do as a business and as an employee team.

Our Mission

We provide safe, secure, reliable, cost-effective and sustainable energy and water solutions. Our mission is how we create value as an organization—it is what drives us every day to fulfill our purpose.

Our Vision

We better the lives of our customers and communities. Our vision is what we see as possible. It's where we aspire to be, what we want to achieve and how we'll make an impact. It guides and keeps us on the right path as we work towards fulfilling our purposes.

Our Guiding Principles

  • Customer Centric
  • Integrity
  • Entrepreneurial
  • Teamwork
  • Owner mindset
  • Outcome focused
  • Continuous learning

What we offer 

Collaborative environment with a genuine flexible working policy

Share purchase/match plan

Leadership Development Program

Volunteer paid days off

Employee Assistance Program

Achievement fund

Group Benefit Plan

Variety of Health & Wellness programs

Discount and Perks program

We are focused on building a diverse and inclusive workforce.  If you are excited about this role and are not confident you meet all the qualification requirements, we encourage you to apply to investigate the opportunity further.

We are an equal opportunity employer and value each person's unique background, diversity, experiences, perspectives and talents.

Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success. We are committed to fully utilizing the abilities of all our employees and expect each of our employees to honour this commitment in their daily responsibilities.

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