Market Risk Analyst Jobs in Toronto, ON (NOW HIRING)

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• high-performance, people-focused culture

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• optional post-retirement health and dental benefits subsidized at 50%

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• the opportunity to make a difference and help take care of those who care for us, byproviding a financially secure retirement for Ontario healthcare workers

Job Summary

The Director, Fundamental Credit Risk supports the objectives of the Risk and Strategy function by providing independent, rigorous credit risk assessment and advisory support for public and private debt investments. Working closely with investment teams, technology partners, and risk specialists, the role delivers value-added transaction reviews, applies internal credit assessment methodologies, and contributes to the development of effective credit monitoring practices. The position plays a key role in ensuring that credit risks are appropriately identified, evaluated, and communicated to support informed investment decision-making and portfolio resilience.

• Provide independent credit risk assessment and transaction review for debt investments
• Partner with investment teams to support risk-informed decision-making.
• Strengthen internal credit assessment and monitoring practices through the use of advanced analytics, including artificial intelligence, and leading industry practices.

What you will do:

• Conduct independent credit assessments of private and selected public debt investments by reviewing investment proposals, financial statements, projections, and structural features to evaluate risk-return adequacy.
• Own the execution and ongoing development of the internal credit assessment and rating framework for private credit and structured debt investments, leveraging advanced analytics (including AI) and leading industry practices to strengthen risk evaluation.
• Provide timely, practical, and well-reasoned credit risk advice to investment teams throughout the transaction lifecycle while maintaining independent risk judgment.
• Analyze complex financing structures, including cash flow priorities, covenant frameworks, collateral arrangements, and downside protection mechanisms.
• Support ongoing credit surveillance through regular monitoring of portfolio exposures, financial performance, third-party research, and relevant market developments.
• Identify, synthesize, and communicate emerging credit risks, trends, and potential credit events to senior stakeholders, providing clear recommendations aligned with portfolio objectives.

What you bring:

• University degree in finance, economics, business, or a related discipline.
• 5+ years of progressive experience in credit risk analysis, private credit, structured finance, or related investment risk roles, with a strong focus on private and complex debt investments.
• Master's degree in a relevant discipline and/or professional risk or investment designation.
• Advanced expertise in credit risk analysis for private debt and complex financing structures, including the ability to assess structural protections, downside risk, and recovery outcomes.
• Strong financial analysis skills, including the evaluation of financial statements, business models, cash flow projections, and stress scenarios.
• Demonstrated ability to apply and interpret internal or external credit assessment frameworks for illiquid and non-public investments.
• Strong judgment and analytical rigor, with the confidence to challenge assumptions and investment theses constructively.
• Excellent written and verbal communication skills, with the ability to clearly articulate credit risks and recommendations to senior and diverse stakeholders.