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Director Credit Risk Management Jobs in Toronto, ON

MasterCard

Director, Credit Risk Policy

Toronto, ON · On-site

Title and Summary Director, Credit Risk Policy Director, Credit Risk Policy Overview: This role ... Advanced credit risk management expertise across financial institutions and/or corporate portfolios ...

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 ...

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Director Credit Risk Management information

See Toronto, ON salary details

$29.1K

$122.4K

$191.8K

How much do director credit risk management jobs pay per year?

As of Aug 7, 2026, the average yearly pay for director credit risk management in Toronto, ON is $122,359.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,118.00 and $166,055.00 per year, depending on experience, location, and employer.

What is the difference between Director Credit Risk Management vs Credit Risk Analyst?

AspectDirector Credit Risk ManagementCredit Risk Analyst
Required CredentialsBachelor's degree, often advanced degrees, certifications like CFA or FRMBachelor's degree, certifications like CFA or FRM are common but less mandatory
Work EnvironmentStrategic leadership, overseeing teams, high-level decision makingData analysis, risk assessment, supporting senior staff
Employer & Industry UsageFinancial institutions, banks, large corporationsFinancial institutions, banks, credit agencies

The main difference between a Director Credit Risk Management and a Credit Risk Analyst lies in their scope and responsibilities. The director focuses on strategic oversight and leadership, while the analyst handles detailed risk assessments. Both roles require relevant certifications and are integral to credit risk management in financial institutions.

What are common challenges faced by a director of credit risk management, and how are they typically addressed?

A Director of Credit Risk Management often faces the challenge of balancing the organization's growth objectives with prudent risk controls. This involves staying ahead of changing market conditions, regulatory requirements, and emerging risks such as economic downturns or shifts in customer behavior. Effective leaders in this role address these challenges by fostering close collaboration with cross-functional teams such as underwriting, analytics, and compliance, and by implementing robust risk assessment frameworks. They also play a key role in developing and mentoring their teams to stay adaptable and informed.

What are the key skills and qualifications needed to thrive as a director of credit risk management, and why are they important?

To thrive as a Director of Credit Risk Management, you need deep expertise in credit analysis, risk assessment, portfolio management, and typically a degree in finance, economics, or a related field. Proficiency with risk modeling software, credit scoring systems, and relevant regulatory frameworks (such as Basel III) is essential, along with certifications like FRM or CFA being advantageous. Strong leadership, strategic thinking, and effective communication skills help you guide teams and influence key stakeholders. These capabilities are crucial for making informed decisions that protect the organization's financial health and support sustainable growth.

What does a director of credit risk management do?

A Director of Credit Risk Management oversees an organization’s credit risk policies, procedures, and strategies to minimize potential losses related to lending or credit activities. This role involves analyzing credit data, assessing financial risks, developing risk mitigation strategies, and ensuring compliance with regulatory standards. Directors also lead teams of risk analysts, collaborate with other departments, and report to executive leadership on credit risk exposure and performance. Their main goal is to balance business growth with sound risk management practices.
What are the most commonly searched types of Credit Risk Management jobs in Toronto, ON? The most popular types of Credit Risk Management jobs in Toronto, ON are:
What are popular job titles related to Director Credit Risk Management jobs in Toronto, ON? For Director Credit Risk Management jobs in Toronto, ON, the most frequently searched job titles are:
What job categories do people searching Director Credit Risk Management jobs in Toronto, ON look for? The top searched job categories for Director Credit Risk Management jobs in Toronto, ON are:
Director Credit Risk Management jobs near you
Infographic showing various Director Credit Risk Management job openings in Toronto, ON as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 13% Part Time, and 3% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $122,359 per year, or $58.8 per hour.

Director, Credit Risk Policy

MasterCard

Toronto, ON • On-site

Full-time

Re-posted 17 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

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