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Credit Risk Jobs in Toronto, ON (NOW HIRING)

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 ...

Join our dynamic team IFRS9 team as a Risk Analyst and be part of an innovative environment where you'll play a crucial role in building expected credit loss models for PC Bank's growing suite of ...

Analyst, Credit Risk

Toronto, ON · On-site

CA$52K - CA$71K/yr

Join our dynamic team IFRS9 team as a Risk Analyst and be part of an innovative environment where you'll play a crucial role in building expected credit loss models for PC Bank's growing suite of ...

Risk Analyst (Credit Risk)

Mississauga, ON · Hybrid

CA$70K - CA$82K/yr

Perform analysis leading to credit strategy optimization, including but not limited to customer risk segmentation development that improves the portfolio's risk-reward profile. * Forecast, track and ...

Geotab is seeking a Credit Risk & Recovery Manager who will be responsible for building and managing Geotab's end-to-end commercial credit risk and account recovery program - a critical new function ...

Risk Analyst (Credit Risk)

Mississauga, ON · Hybrid

CA$70K - CA$82K/yr

Perform analysis leading to credit strategy optimization, including but not limited to customer risk segmentation development that improves the portfolio's risk-reward profile. * Forecast, track and ...

Risk Analyst (Credit Risk)

Mississauga, ON · Hybrid

CA$70K - CA$82K/yr

Perform analysis leading to credit strategy optimization, including but not limited to customer risk segmentation development that improves the portfolio's risk-reward profile. * Forecast, track and ...

Risk Analyst (Credit Risk)

Mississauga, ON · Hybrid

CA$70K - CA$82K/yr

Perform analysis leading to credit strategy optimization, including but not limited to customer risk segmentation development that improves the portfolio's risk-reward profile. * Forecast, track and ...

Develop and optimize credit policies, underwriting rules, approval thresholds, credit limits, and pricing for personal loans. * Conduct deep dive analysis on application fraud, firstparty risk, and ...

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 ...

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Credit Risk information

See Toronto, ON salary details

$26.2K

$95.3K

$178.5K

How much do credit risk jobs pay per year?

As of Jun 15, 2026, the average yearly pay for credit risk in Toronto, ON is $95,310.00, according to ZipRecruiter salary data. Most workers in this role earn between $58,691.00 and $122,155.00 per year, depending on experience, location, and employer.

What is the highest paying risk management job?

In risk management, senior roles such as Chief Risk Officer (CRO) or Director of Risk typically have the highest salaries, often exceeding six figures annually. These positions require extensive experience, advanced certifications like FRM or CFA, and strong leadership skills within financial institutions or large corporations.

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 salary of Credit Risk Analyst?

The average salary for a Credit Risk Analyst at JP Morgan typically ranges from $70,000 to $100,000 annually, depending on experience, location, and education. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn higher compensation, often supplemented with bonuses and benefits.

Will a credit analyst be replaced by AI?

Credit analysts evaluate financial data and assess credit risk, a role that involves complex judgment and interpretation. While AI tools can automate data analysis and streamline processes, human expertise remains essential for nuanced decision-making and understanding context, making full replacement unlikely in the near term.

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 is credit risk as a job?

A credit risk professional assesses the likelihood that borrowers will default on their loans or credit obligations. They analyze financial data, credit reports, and economic factors to help organizations manage potential losses and make informed lending decisions, often using risk modeling tools and adhering to regulatory standards.
What are the most commonly searched types of Credit Risk jobs in Toronto, ON? The most popular types of Credit Risk jobs in Toronto, ON are:
What are popular job titles related to Credit Risk jobs in Toronto, ON? For Credit Risk jobs in Toronto, ON, the most frequently searched job titles are:
What job categories do people searching Credit Risk jobs in Toronto, ON look for? The top searched job categories for Credit Risk jobs in Toronto, ON are:
Infographic showing various Credit Risk job openings in Toronto, ON as of June 2026, with employment types broken down into 1% As Needed, 85% Full Time, 11% Part Time, 1% Temporary, and 2% Contract. Highlights an 90% Physical, 4% Hybrid, and 6% Remote job distribution, with an average salary of $95,310 per year, or $45.8 per hour.
Director, Credit Risk Policy

Director, Credit Risk Policy

MasterCard

Toronto, ON

Full-time

Posted 24 days ago


Job description

Our Purpose

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're helping build asustainableeconomy where everyone can prosper. We support a wide range of digital payments choices, making transactionssecure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

Title and Summary

Director, Credit Risk PolicyDirector, Credit Risk Policy
Overview:
This role provides senior, independent Second Line of Defense oversight of credit risk across the Global portfolio. The Director is accountable for supporting the SVP Credit Risk to oversight credit risk governance, specifically on credit policy, standards and guidance, developing credit risk portfolio management information, key credit risk indicators, regulatory compliance, and oversight of first line credit risk management frameworks. The role supports and will represent Credit Risk function at regulator, committee, and senior stakeholder forums, ensuring alignment with global Credit Risk standards.
Role & Responsibilities:
Credit Risk Governance & Oversight
Provide independent Second Line oversight of credit risk across the global portfolio
Lead development and maintenance the second line of defense Credit Risk Policy, standards and guidelines, e.g., Underwriting standards, collateral standards, etc
Oversight of first line of defense adherence to risk appetite, policies, standards and guidelines
Support SVP on challenges to and approval of material policy exceptions
Risk Rating Framework, Methodology & Credit Risk Systems
Work with SVP, Credit Risk to ensure requirements in Credit Risk Policy and Standards are implemented within the Credit Risk Systems and tools
Portfolio & Risk Appetite Oversight
Provide oversight of portfolio performance, concentrations, and emerging risks
Coordinate the management and enhancement of second line management reporting, key risk indicators and portfolio oversight through CRMS/Power BI
Monitor portfolio metrics against approved risk appetite and tolerance levels
Perform periodic QA over Underwritings performed by 1LoD Customer Risk Management function
Ensure timely escalation of material risk deterioration and forward-looking risk concerns
Regulatory & Stakeholder Engagement
As appropriate, lead Credit Risk engagement during regulatory reviews, examinations, and audits
Partner with senior stakeholders across Business, Finance, Compliance, and Risk
Leadership & Strategic Contribution
Provide leadership and direction within the Credit Risk function
Contribute to global and regional credit risk initiatives and framework enhancements
Support development of credit risk talent through mentoring and professional guidance
Decision Making Authority
Authority to review and challenge first line credit risk decisions, underwriting, procedures risk acceptance, open risk management
Recommend approval or escalation of policy exceptions and KRI risk appetite breaches
Recommendation on enhancements to credit risk policy, standards and guidelines.
Recommendation on enhancements to credit risk systems and management reporting
All About You:
Advanced credit risk management expertise across financial institutions and/or corporate portfolios, in particular the enhancement of credit risk policy, standards and guidance
Strong knowledge of credit risk management systems, management information, rating systems and control frameworks. Use of AI in credit risk management.
Good understanding of Expected Loss frameworks including PD, LGD, EAD and stress testing
Executive-level communication and stakeholder management skills
Strong strategic and commercial mindset
Deep analytical and data-driven decision-making capability
Solid understanding of regulatory frameworks
Ability to balance growth and risk
Proven experience in [banking, payments, fintech, risk management]
Proven experience in [credit risk strategy, portfolio management, analytics]
Experience operating across global or regional markets
Experience engaging regulators and governance forums
Proven ability to influence in a matrix organization
Comfortable operating in ambiguity and driving change
Strong stakeholder management
Demonstrated inclusive leadership style
Acts as a role model for risk culture, governance discipline, and ethical decision-making
Exercises independent judgement while constructively challenging the First Line
Demonstrates accountability, resilience, and sound professional judgement
Education & Qualifications
Bachelor's degree required
Relevant certifications (CFA, FRM, etc.)
Desirable, advanced degree preferred (MBA, MSc, etc.)Mastercard is a merit-based, inclusive, equal opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law. We hire the most qualified candidate for the role. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment process, please contact reasonable_accommodation@mastercard.com and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.

Corporate Security Responsibility


All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:

  • Abide by Mastercard's security policies and practices;

  • Ensure the confidentiality and integrity of the information being accessed;

  • Report any suspected information security violation or breach, and

  • Complete all periodic mandatory security trainings in accordance with Mastercard's guidelines.

In line with Mastercard's total compensation philosophy and assuming that the job will be performed in Canada, the successful candidate will be offered a competitive pay based on location, experience and other qualifications for the role and may be eligible to participate in a discretionary annual incentive program. This posting reflects one or more current openings on our team.

Pay Ranges

Toronto, Canada: $138,000 - $221,000 CAD