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Credit Risk Jobs in Toronto, ON (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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All JobsCredit Risk JobsCredit Risk Jobs in Toronto, ON

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 9, 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 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 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:
Credit Risk jobs near you
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.
Senior Manager, Counterparty Credit Risk

Senior Manager, Counterparty Credit Risk

Scotiabank

Toronto, ON

Other

Posted 5 days ago

Job description

Requisition ID: 260154 
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

A key member of the Counterparty Credit Risk group that has responsibility for providing risk oversight on counterparty credit risk arising from derivatives and securities financing transactions executed by the capital markets businesses in the bank globally. 

The CCR group is a centralized function responsible for identifying signs of credit deterioration in the trading product portfolio, measuring, monitoring, and reporting a variety of metrics associated with counterparty credit risk and escalating when exposures grow beyond established risk appetite. The incumbent is also responsible for keeping up-to-date with industry best practices and regulatory expectations.


Is this role right for you? In this role, you will:  

  • Provide counterparty credit risk oversight including the reporting and analysis of the following counterparty related information:
  • Provide independent quantitative and qualitative analysis of counterparty risk and insights for risk mitigation including correlation risks such as wrong-way risk (general and specific), as well as on the credit quality of collateral, concentration, and liquidity risks.
  • Exposure monitoring of counterparty credit risk arising from OTC derivatives and securities financing transactions.
  • Lead and develop two direct reports, including coaching and performance management.
  • Act as advisory to Credit Officers on distressed counterparties; identify and analyze leading indicators of emerging risks.
  • Provide analysis of market events on portfolio and counterparty risk, support Executive-level, Board, regulatory and other key CCR reporting of counterparty risk.
  • Develop a strong relationship and interface frequently with Management, Credit, Banking, Front Office, and other key stakeholders on various CCR matters.
  • Produce ongoing regulatory reporting and contribute to ad-hoc regulatory requests.
  • Assist with managing CCR policies.
  • Manage the development of reporting and analysis systems and business intelligence tools. 

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:   

  • 5-10 years direct experience in market risk and/or credit risk of traded products.
  • Excellent grasp of counterparty credit risk metrics and underlying drivers / assumptions.
  • Advanced knowledge of derivative products valuation, trading businesses and markets.
  • Proven experience managing and developing high-performing teams in a complex environment.
  • Strong communication, quantitative and analytical abilities to identify issues and to debate different approaches with various stakeholders.
  • Strategic influencing and relationship building skills are required.
  • University degree in a business-related field. CFA/FRM certification is desirable.
  • Advanced knowledge of Power BI, Python, SQL and Unix is an asset.

What's in it for you?

  • The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development
  • Internal training to support your growth and enhance your skills.
  • An inclusive working environment that encourages creativity, curiosity, and celebrates success!
  • The tools needed to create best-in-class student candidate experiences.

Location(s):  Canada : Ontario : Toronto 
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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