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Senior Credit Risk Manager Jobs in Toronto, ON (NOW HIRING)

Peoples Group

AVP Credit Risk Modelling

Toronto, ON · Hybrid

Working closely with senior stakeholders in Credit Risk Management and Finance to set allowances for expected credit loss in financial reporting * Oversee development and maintenance of data sets ...

Td

Senior Credit Risk Analyst (ATH 5209)

Toronto, ON · On-site

CA$81K - CA$115K/yr

Risk Management Pay Details: $81,600 - $115,200 CAD TD is committed to providing fair and equitable ... As part of RRM, the Credit Allowance Forecasting and Analysis team is responsible for Credit Loss ...

National Bank

Senior credit analyst

Richmond Hill, ON · On-site

A career as a Senior Credit Analyst in the Commercial Lending team at National Bank means acting as a credit specialist supporting financing underwriting and risk management. This role allows you to ...

National Bank

Senior credit analyst

Richmond Hill, ON · Hybrid

A career as a Senior Credit Analyst in the Commercial Lending team at National Bank means acting as a credit specialist supporting financing underwriting and risk management. This role allows you to ...

Td

Group Risk Specialist (ATH 5211)

Toronto, ON · On-site

CA$96K - CA$136K/yr

This is an exciting opportunity reporting to the Senior Manager of Acquisition, Pre-approval Cross Sell Credit Card and Personal Lending Risk Management. The successful candidate will be a part of a ...

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All JobsCredit Risk JobsSenior Credit Risk Manager JobsSenior Credit Risk Manager Jobs in Toronto, ON

Senior Credit Risk Manager information

See Toronto, ON salary details

$32.4K

$108.6K

$163.7K

How much do senior credit risk manager jobs pay per year?

As of Aug 8, 2026, the average yearly pay for senior credit risk manager in Toronto, ON is $108,595.00, according to ZipRecruiter salary data. Most workers in this role earn between $86,844.00 and $125,972.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a senior credit risk manager, and why are they important?

To excel as a Senior Credit Risk Manager, you need strong analytical skills, deep knowledge of credit risk assessment, and typically a degree in finance, economics, or a related field. Expertise with risk management software (such as SAS, Moody's Analytics, or SQL), financial modeling tools, and relevant certifications like FRM or CFA is highly valued. Exceptional communication, leadership, and decision-making abilities are important soft skills for managing teams and collaborating across departments. These skills and qualifications are crucial for accurately assessing credit risk, ensuring regulatory compliance, and safeguarding an organization's financial health.

What are some typical challenges a senior credit risk manager faces in balancing risk and business growth?

A Senior Credit Risk Manager often faces the challenge of maintaining a prudent risk profile while supporting the organization's growth targets. This involves analyzing complex financial data, setting appropriate credit limits, and developing risk models that reflect current market conditions. Balancing regulatory compliance with commercial objectives and collaborating with sales, underwriting, and compliance teams to ensure sound credit decisions is key. Effective communication and negotiation skills are essential when advising senior leadership on potential exposures and strategic moves.

What does a senior credit risk manager do?

A senior credit risk manager oversees the assessment and management of credit risk for an organization, analyzing borrower creditworthiness and developing strategies to minimize potential losses. They use financial analysis, credit scoring models, and risk mitigation techniques, often working with data analysis tools and regulatory compliance standards. Their role involves making high-level decisions to ensure the organization's credit portfolio remains healthy and within risk appetite.

What is the difference between Senior Credit Risk Manager vs Credit Analyst?

AspectSenior Credit Risk ManagerCredit Analyst
Required CredentialsBachelor's degree, often advanced certifications like CFA or credit risk certificationsBachelor's degree, often in finance, economics, or related fields
Work EnvironmentStrategic, managerial, overseeing credit risk policiesAnalytical, research-focused, assessing individual credit applications
Employer & Industry UsageFinancial institutions, banks, large corporationsBanks, lending institutions, credit agencies
Common Search & ComparisonYesYes

The Senior Credit Risk Manager typically oversees credit risk strategies and manages teams, requiring advanced certifications and strategic skills. In contrast, a Credit Analyst focuses on evaluating individual credit applications and conducting detailed financial analysis. While both roles are integral to credit risk management, they differ in scope, responsibilities, and experience level.

What are popular job titles related to Senior Credit Risk Manager jobs in Toronto, ON? For Senior Credit Risk Manager jobs in Toronto, ON, the most frequently searched job titles are:
What job categories do people searching Senior Credit Risk Manager jobs in Toronto, ON look for? The top searched job categories for Senior Credit Risk Manager jobs in Toronto, ON are:
Senior Credit Risk Manager jobs near you
Infographic showing various Senior Credit Risk Manager job openings in Toronto, ON as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $108,595 per year, or $52.2 per hour.

Senior Credit Risk Analyst, ERM (Full-Time Temporary Contract) | Great West

The Canada Life Assurance Company

Toronto, ON • On-site

CA$96K - CA$146K/yr

Full-time, Temporary

Medical, Dental, Life, Retirement

Posted 8 days ago

Job description

Temporary Full Time

A unique opportunity in our global Financial Risk Management (FRM) team to analyze credit risk on fixed income holdings and to also analyze risks on other investments to develop guidance and risk advice for senior stakeholders. 

Great-West Lifeco is a Canadian headquartered, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses.  We operate in Canada, the US, the UK and Europe under the brands Canada Life, Empower Retirement, and Irish Life.  Our companies have over 30,000 employees, 100,000+ advisor relationships, and thousands of distribution partners - all serving our more than 40 million customer relationships across these regions.

The team

The Financial Risk Management team provides independent advice to senior management and the Board of Directors, and helps to support the oversight of market, credit and liquidity risks, and investment strategies across our group of companies.  We operate as a central function, in a global team across UK, Ireland and Canada. Our team is fast-growing and dynamic, enabling you to draw upon a diverse range of knowledge, experience and skills.  We will continually encourage you to develop and excel in all areas of your role.

 

What you will do: 

  • Independently reviewing internal bond credit ratings and alternative investments on new and existing transactions for approval by the AVP, Credit Adjudication.  Communicate results of the work to risk committees to compliment the risk oversight process.
  • Evaluate the risk rating of proposed new commercial mortgages and bonds to assess whether the current assessment is appropriate and accurate, and the investments are suitable for the portfolio.
  • Support Risk Function with development of effective processes for the identification, assessment, management, monitoring and reporting of credit risks across the Company.  This includes streamlining the credit review process and creating efficiencies through automation.
  • Enhancing and testing existing internal rating models to ensure they appropriately evaluate risks and support business objectives
  • Performing independent research on credit risk rating trends and keeping up to date on external credit rating agency's developments
  • Collaborating in various internal projects as well as the day-to-day activities performed by the Financial Risk team

What you will bring:

  • Undergraduate degree in Business Administration, Accountant, other relevant degrees or a relevant professional body risk qualification.
  • Certified Financial Analyst (CFA) and/or Financial Risk Manager (FRM) designations, or progress towards either of these designations is an asset
  • Minimum of 5 years of work experience including credit rating analysis 
  • Proactive and self-directed with demonstrated history of creating process efficiencies/automation (basic understanding of programming/AI concepts or experience leveraging AI is a plus)
  • Experience in the understanding of finance and accounting principles
  • Knowledge or interest in financial risk management and investments.  Experience with alternative investments (private credit, private equity, real estate, etc.) or reinsurance is an asset.
  • Superior analytical and problem-solving skills
  • Keen eye for detail and strong analytical and problem-solving skills
  • Effective communication skills
  • Technically proficient in Microsoft Office suite, Bloomberg and S&P CapIQ

 What's in it for you?

  • Rapidly develop your problem solving, relationship-building and communication skills
  • Work on challenging and innovative projects in a dynamic, collaborative and fast-growing team

The base salary for this position is between $96,200.00 - $146,200.00 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Grow with Great-West Lifeco

Great-West Lifeco Inc is a Canadian headquarter, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. We operate in Canada, the United States, and Europe under the brands: Canada Life, Empower and Irish Life. At the end of 2024, our companies had over 32,250 employees, 106,000 advisor relationships, and thousands of distribution partners - serving approximately 40 million customer relationships.

Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies.

What we offer:  

We're committed to supporting our employees through every stage of their career. Here's what you can expect as a full-time or part-time permanent team member: 

Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to$2,000 annually towards education reimbursement. 

Health & Wellness:Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being. 

Time Off:In addition to regular vacation and personal days, we support community involvement with a volunteer day. 

Financial Security:Company-matching pension plan,share ownership program and additionalinvestment options. 

Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!  

Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.  

Learn more about Great-West Lifeco.  

We're committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact  talentacquisitioncanada@canadalife.com. All information provided will be handled in accordance with applicable laws and Great-West Lifeco policies.  

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