Salary : CAD150000 - CAD150000 per year
Job Opportunity : Senior Credit Manager, Loss and Allowance Forecasting
We are partnering with our client, an innovative and rapidly growing financial lender with a global presence , to find an experienced Senior Credit Manager to join their expanding team. This dynamic company, which has established itself as a key player in the industry, is looking for professionals with a strong background in loss forecasting and credit risk management from mid-sized lenders (not large banks).
This is a primarily remote role , with occasional in-office meetings required 2-3 times per month in Toronto . The position offers a competitive salary of $140,000 to $155,000 annually, along with performance-based bonuses and an opportunity to work on challenging and impactful projects.
Key Responsibilities :
- Collaborate with multiple teams (Finance, Accounting, Credit, Collections, Product) to build accurate model inputs, ensuring data is both reliable and relevant for forecasting purposes.
- Drive model development to establish and continually improve the company’s loss forecasting and allowance models , including forecasting credit losses, reserve modeling, and capital planning.
- Analyze forecasting results and refine the models based on macroeconomic trends , portfolio health , and credit performance insights. You'll be expected to update and communicate the forecast regularly to ensure timely and actionable insights.
- Partner with Data and Analytics teams to develop key performance indicators (KPIs) and dashboards, helping to assess portfolio health and drive strategic forecasting decisions.
- Strategic analysis : Conduct sensitivity analysis and review "what-if" scenarios to help refine risk strategies and support business decision-making processes.
- Work closely with Credit Strategy, Finance, and Underwriting teams to incorporate changes in business operations and underwriting policies into the broader forecasting model.
- Analyze and integrate macro-economic forecasts into models, ensuring that you present a comprehensive view to key internal stakeholders, including senior management.
- Lead a small team (1-2 analysts), ensuring they are equipped with the right tools and guidance to succeed in their roles and contribute to the company’s goals.
Ideal Candidate Profile :
A degree in a quantitative field (e.g., Mathematics, Computer Science, Economics, Statistics) with a strong foundation in data analysis and statistical modeling .At least 5 years of experience working in portfolio analytics , loss forecasting , and reserve modeling at a mid-sized financial lender or similar institution. Experience with IFRS or CECL reserve models is a significant plus.Expertise in regression analysis , segmentation techniques , time series analysis , and a familiarity with tools such as SQL and Tableau to create actionable insights.Experience in financial services or credit risk management , with a strong understanding of how to forecast losses and manage credit provisioning in a dynamic lending environment.Proven ability to partner with cross-functional teams (e.g., Finance, Product, Credit, and Collections) to drive collaboration and create meaningful reporting and analysis.Ability to present complex data and insights in a clear and concise manner, with experience interacting with senior leadership and external stakeholders (including regulators or auditors).Experience in a regulated environment , with a deep understanding of compliance and regulatory frameworks affecting financial services.Why You Should Consider This Opportunity :
A high-impact role where your work will directly contribute to the company’s financial health and growth, offering opportunities to influence key business decisions.The chance to work with a growing, innovative company that offers international exposure and the opportunity to be at the forefront of the alternative lending space .This position provides significant autonomy , the opportunity to lead a small team, and the chance to develop and enhance sophisticated forecasting models .Competitive compensation package , including a strong base salary, annual performance bonuses, and benefits.A flexible work environment with primarily remote work and occasional office visits in Toronto .This is a fantastic opportunity for professionals who thrive in a collaborative, fast-paced, and innovative environment , and who want to make a tangible impact on the financial future of a growing global lender.
If you have a proven track record in credit risk management and loss forecasting and are looking for a role that offers both strategic influence and career growth , we encourage you to apply today!
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