Manager, Counterparty Credit Risk

Role Overview

• Own and up-level the end-to-end procedures for the counterparty credit risk assessment process, ensuring consistency, scalability, and auditability across all workflows.
• Conduct and compile comprehensive credit assessments and provide detailed written recommendations for new and existing counterparties, incorporating financial analysis, AML screening, and operational due diligence to determine appropriate credit limits.
• Evaluate counterparty creditworthiness holistically and provide recommendations on counterparty onboarding and ongoing monitoring — factoring in financial strength (liquidity, leverage, capital, credit ratings), size of the securities lending/borrowing book, entity structures sharing a common parent, and other qualitative/quantitative considerations.
• Establish, monitor, and maintain counterparty concentration limits within our OMS platform ensuring exposures remain within approved thresholds.
• Report on, review, and escalate forward-looking risk metrics to ensure securities lending activities remain within our risk tolerance.
• Author, maintain, and enhance relevant policies and procedures, identifying gaps and recommending enhancements as the program evolves.
• Prepare presentation materials on counterparty credit risk activities for oversight committees, communicating key risks clearly and concisely to Sr. Management.
• Build, mentor, and manage a team of risk specialists over time, scaling the function as the program matures and taking on additional operational onboarding responsibilities.

Requirements

• Demonstrated success over a minimum of 4–8+ years in counterparty credit risk, credit analysis, or a highly relevant credit risk management role within the financial services or brokerage sector is required. Candidates with exceptional skills and experience may be considered for a more senior position.
• Strong command of financial statement analysis, credit rating methodologies, and counterparty credit risk assessment frameworks required along with providing recommendations to Sr. Management in a clear and concise manner that enables decision making.
• Preference given to individuals who have successfully completed or are in the process of completing their CFA, CPA, or FRM.
• Relentlessly pursues root causes and is willing to continuously expand their knowledge and competencies.
• Acts without being told what to do and is ready to "roll up their sleeves" and build a centralized function from the ground up. Takes full ownership of work and proactively identifies risks before they materialize.
• Plans, organizes, and prioritizes effectively across multiple concurrent counterparty reviews and projects.
• Speaks plainly and truthfully. Distills complex credit and risk concepts into clear, actionable recommendations for any audience.

Benefits

• Top-tier health benefits and life insurance
• Long-term group savings with employer match, through Wealthsimple for Business
• 20 vacation days, 4 wellness days, and unlimited sick and mental health days per year
• 90 days away: work outside Canada for up to 90 days per year
• Employee resource groups, including Rainbow (2SLGBTQ), Women of WS, and Black at WS