Manager, Counterparty Credit Risk

Location

Remote (Canada)

Full time

Remote

Brokerage & Capital Markets Brokerage

• CA $116K – CA $145K
  • Offers Equity

Base salary range:
For this role, candidates located in Canada can expect a base salary range, described in the posting. Actual compensation is determined based on skills, experience, and role level. Exceptional candidates may be considered above the top of the range, and pay can increase quickly for those who make a big impact in the role.

Total compensation:
In addition to base salary, permanent employees receive equity compensation. We use clear job levels and market-based salary bands to ensure compensation is fair and consistent across the company.

As a Manager, Counter party Credit Risk, you will join our Credit Risk Operations team to help build and operationalize a centralized counter party credit risk function to support our Securities Lending activities. This team sits at the intersection of risk management, operations, capital markets, finance and treasury drawing on deep brokerage and credit experience. In this role, you will own the end-to-end counter party credit risk assessment and ongoing monitoring process.

You will work closely with Treasury, Finance, Market Risk, Legal, and the Securities Lending team to ensure every counter party is rigorously evaluated and that exposure remains within our risk appetite. This is a foundational hire - you will shape the function from the ground up and, over time, build and lead a team.

• Own and up-level the end-to-end procedures for the counter party 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 counter parties, incorporating financial analysis, AML screening, and operational due diligence to determine appropriate credit limits.
• Evaluate counter party creditworthiness holistically and provide recommendations on counter party 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 counter party 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 counter party 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.

• Demonstrated success over a minimum of 4–8+ years in counter party 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 counter party 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…