Vice President, Credit & Asset Management / Vice-président, Gestion du crédit et des actifs

Position Overview CDEV is seeking a Vice President, Credit & Asset Management to build and lead an enterprise-wide credit monitoring and portfolio oversight function serving CDEV and its subsidiaries. The VP will design and implement a scalable credit monitoring framework across multiple subsidiaries and mandates, including

Telesat lender / structured financing exposures;

CEEFC loan and credit facilities;

CILGC / Indigenous Loan Guarantee Program guarantees;

Future subsidiaries or government mandates as they are incorporated and/or requested.

The selected candidate will be based in Toronto, with a policy of hybrid work (Mondays and Fridays optional work‑from‑home).

Key Responsibilities

Enterprise Credit Monitoring & Asset Management Build‑Out

Build a centralized Credit & Asset Management function to serve all relevant subsidiaries, including team structure, job roles, workflows, and performance expectations.

Establish consistent monitoring practices across portfolios, including onboarding, monitoring, reporting, and escalation processes.

Ensure each exposure has a clear monitoring cadence, reporting package, covenant checklist, and early warning indicator set.

Credit Governance, Policy & Methodology Ownership

Own and maintain CDEV’s enterprise-wide credit and monitoring policies, standards, and governance framework.

Establish a consistent credit risk rating / scorecard methodology across CDEV, with tailored variations for different subsidiary realities.

Develop standardized escalation triggers and reporting thresholds (watchlist, stage migration, covenant breach, deterioration triggers).

IFRS 9 / ECL Oversight and Implementation Governance

Own the enterprise ECL framework, including methodology governance, staging principles, model oversight, documentation, and reporting outputs.

Ensure ECL practices meet both IFRS 9 reporting needs and credit monitoring / portfolio risk oversight needs.

Oversee (not personally perform) modeling work, ensuring it is fit‑for‑purpose, well documented, and consistently applied.

Moody’s Tooling and Credit Infrastructure Leadership

Own the ongoing maturity and integration of Moody’s toolset and workflows across CDEV and subsidiaries, including Moody’s EDF‑X, Moody’s ImpairmentStudio, and credit data / portfolio tools.

Ensure consistent data inputs, model governance, and workflow integration across subsidiaries.

Partner with IT and Finance to strengthen automation, data integrity, audit trails, and reporting outputs.

Portfolio Reporting, KPIs, and Executive Updates

Produce consistent and decision‑useful reporting for CFO and senior management, subsidiary leadership teams, credit committees, and audit committee updates as required.

Build a portfolio KPI framework, including at minimum:

FRS 9 staging and ECL movements

watchlist / downgrade metrics

covenant compliance

concentration and exposure limits

stress testing and sensitivity analysis

early warning indicators and emerging risks

Provide remediation options and risk mitigation strategies when deterioration is identified.

Credit Committee Leadership (Current or Future‑State)

Stand up and operate a structured Credit Monitoring Committee (or equivalent) as CDEV’s portfolio grows, including terms of reference, reporting cadence, escalation pathways, and decision‑support materials.

Ensure that credit risk discussions are documented, auditable, and consistently governed.

Cross‑Entity Stakeholder Management

Act as a senior advisor to subsidiary CEOs, deal teams, Finance, Legal, and external advisors on credit monitoring expectations and emerging portfolio risks.

Ensure effective transition of deals from execution teams to monitoring teams at close (handover packages, model transfer, reporting calendars).

Support remediation and restructuring processes through analysis, options framing, and risk impact assessment.

Leadership & Stakeholder Management

Lead a finance transformation office (project managers, analysts, process owners).

Serve as senior liaison between Finance, IT, ELT, audit, and subsidiary leadership.

Provide executive‑ready communication, steering materials, risk reporting, and benefits realization updates.

Qualifications Required

CPA, CFA, FRM, or equivalent senior credit credentials strongly preferred.

Undergraduate degree required; graduate degree (MBA, MFin, etc.) is an asset.

12–15+ years of progressive experience in:

credit risk;

structured finance / project finance;

corporate lending / capital markets credit;

portfolio monitoring / special assets; or

comparable credit‑intensive environment.

Demonstrated experience leading or building a credit monitoring function across multiple portfolios or business units.

Strong familiarity with IFRS 9 and ECL frameworks, including governance, documentation, staging logic, and model oversight.

Proven ability to translate credit analytics into executive‑level reporting and decision support.

Experience working with enterprise credit tools and workflows; familiarity with Moody’s EDF‑X and ImpairmentStudio is a strong asset.

Demonstrated success in credit & asset/portfolio management systems modernization and/or operating model redesign.

Proven ability to drive adoption and influence across executive stakeholders and operational teams.

Strong leadership presence and ability to build a function from the ground up.

High judgment and ability to operate in ambiguous, bespoke deal environments.

Excellent communication skills — capable of briefing senior executives and Boards.

Strong governance mindset: documentation, audit defensibility, escalation discipline.

Comfortable working across multiple entities with different mandates, structures, and stakeholders.

Experience in Crown corporations / public sector / highly regulated environments is an asset.

Leadership Attributes

Integrity and Accountability

– Demonstrates sound ethics, judgment, and responsibility for financial accuracy and transparency.

Strategic Agility

– Connects detailed financial reporting to enterprise-level strategy and decision‑making.

Team Builder

– Develops talent, empowers direct reports, and fosters collaboration across teams and subsidiaries.

Change Leadership

– Leads modernization and process improvements across finance systems and reporting practices.

Communication

– Clearly conveys complex financial information to both financial and non‑financial stakeholders.

Working Relationships

Reports to: CFO

Works closely with:

CDEV Executive Committee Team

CDEV’s subsidiary CEOs / CFOs / Controllers / Finance leads

Deal execution teams

Legal and external counsel

IT (data, tools, workflow automation)

Office of the Auditor General, Treasury Board Secretariat, and Department of Finance officials, as required.

Internal and external auditors as required.

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