Credit Risk Manager

About the role

PwC Canada is hiring a Credit Risk Manager in its Financial Services Risk & Regulatory Credit Risk Modelling practice in Toronto. The role leads credit risk projects for financial institutions, covering model development, validation, internal audit and implementation of credit risk methodologies such as obligor and facility risk ratings, Basel regulatory capital, economic capital, stress testing and IFRS9 allowance for loan and lease loss models. It also involves assisting assurance teams, developing new service offerings and leading client proposals.

Key responsibilities

• Lead credit risk projects including model development, validation, internal audit and implementation of credit risk methodologies (obligor/facility risk ratings, Basel capital, economic capital, stress testing, IFRS9)
• Assist assurance teams in reviewing clients' model development and validation processes
• Work with other business lines on new offerings such as AI/ML model risk management, cloud migration and technology transformation
• Help write client proposals, white papers and thought leadership, and coach team members on projects and career development
• Build and maintain client relationships

Required profile

• Post-secondary degree in Economics, Statistics, Mathematics, Physics, Engineering, Financial Engineering or another relevant field
• Hands-on experience in a financial services risk department or professional services firm with credit risk modeling
• Experience with retail and wholesale credit modeling for adjudication, risk management, capital management and allowance calculations (e.g. IFRS9)
• Excellent oral and written communication in English, with the ability to explain complex concepts simply
• Commitment to client service and to valuing differences and coaching diverse teams

Required skills

• Development, implementation and assessment of quantitative credit risk measurement methodologies
• Advanced understanding of credit risk processes, analytics, risk rating methodologies and risk management organizations
• Significant experience in at least one programming language or software such as Python, R, SQL or SAS
• Exposure to retail and commercial lending products is an asset; AI/ML and GenAI tool development experience is an asset

The salary range is $97,800 - $147,800, with possible variable incentive pay for eligible employees.