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

CIBC

Director, Wealth Credit Risk

Toronto, ON · Hybrid

... Senior Director, helping ensure a consistent approach to high net worth lending decisions across the team. You'll help lead a broad team of Credit Risk Managers, supported by a smaller group of Team ...

Td

Analyst, Credit Risk Policy

Toronto, ON

CA$69K - CA$98K/yr

Risk Management Pay Details: $69,700 - $98,400 CAD TD is committed to providing fair and equitable ... An Analyst within the Credit Policy Reporting team will primarily be focused on analysis, reporting ...

CIBC US

Director, Wealth Credit Risk

Toronto, ON · Hybrid

... Senior Director, helping ensure a consistent approach to high net worth lending decisions across the team. You'll help lead a broad team of Credit Risk Managers, supported by a smaller group of Team ...

Td

Senior Credit Risk Analyst (ATH 5293)

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 ... credit cards, auto finance, personal lending, small business banking, and real estate secured ...

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 ...

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 Sep 2, 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 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 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 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 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 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 81% Physical, 4% Hybrid, and 15% Remote job distribution, with an average salary of $108,595 per year, or $52.2 per hour.

Senior Manager, Counterparty Credit Risk

Scotiabank

Toronto, ON

Full-time

Re-posted 21 hours 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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