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About the Role
Lead a team of Senior Credit Analysts responsible for managing Moneris’ commercial credit risk portfolio, including Large Key Accounts (LAKA), Strategic Partners, and higher-risk Small and Medium Business (SMB) clients. Oversee underwriting, portfolio monitoring, and risk mitigation activities to support business growth while maintaining risk within established appetite. Partner with leaders across the organization to leverage data, analytics, and industry insights for risk-based decision-making, portfolio performance enhancement, and credit risk framework improvement.
Responsibilities
- Lead the Corporate-Commercial credit team to ensure portfolio performance remains within established risk appetite and key metrics.
- Lead, develop, and coach a team of Senior Credit Analysts, providing performance management, development opportunities, and guidance on complex credit decisions and risk assessments.
- Identify and remove obstacles to performance and explain how performance expectations align with business priorities.
- Ensure the team decisions within policies, standards, guidelines and is applying risk judgement across the controls.
- Manage service levels for the deals, renewals pipeline within credit risk-appetite and performance targets.
- Ensure the controls remain adequate within the 3LODs -lines of defense.
- Execute as an approver for management $ limits and delegate $ limit approval authority across the team.
- Be the first contact for escalation and lead deal flow execution, ensuring timely adjudication, removing pipeline bottlenecks, and enabling efficient decision-making to support revenue realization.
- Apply credit risk models, data analytics, external risk indicators, and industry best practices to support underwriting decisions and portfolio oversight.
- Monitor economic conditions, industry trends, and emerging risks, and implement appropriate mitigation strategies to address potential portfolio impacts.
- Oversee collateral management, high-risk industry reviews, risk rating methodologies, and counterparty credit assessments using specified tools.
- Enhance credit risk processes, controls, and governance practices that support the identification, assessment, monitoring, and management of portfolio risk.
- Partner with LAKA Sales, Strategic Partners, and ISO channels to structure credit solutions, negotiate underwriting terms, and support business growth while maintaining sound risk management practices.
- Manage relationships with Moneris’ largest and most strategically important clients, negotiating credit arrangements, security structures, and covenant requirements.
- Execute outmost professionalism with clients-partners on all aspects of Moneris’ risk oversight program to fit risk appetite while maintaining a competitive market approach.
- Negotiate with client C-suite level to structure and negotiate appropriate Credit terms and agreement conditions to win new business and maintain competitive market practice-risk appetite.
- Collaborate with Audit, Legal, Payment Card Schemes, and risk management partners to strengthen controls, address regulatory changes, and support enterprise risk management objectives.
- Maintain and evolve reporting and insights on portfolio performance, key risk indicators (KRIs), key performance indicators (KPIs), and emerging risks to Credit Risk leadership and the Audit and Risk Review Committee (ARRC).
- Contribute to enterprise initiatives and change programs to ensure credit risk requirements are incorporated into business and technology strategies.
Requirements
- Bachelor’s degree in Finance, Business Administration, Economics, or equivalent professional experience.
- Professional designation in good standing such as CPA, CFA, CCP, FCSI, or another CSI Institute designation.
- 8-10 years of experience in credit risk management within financial services, banking, or payments.
- 8-10 years of experience in financial statement analysis, audit, restructuring, workout, or insolvency management.
- 5+ years of people leadership experience within a credit risk function.
- Advanced knowledge of data analytics, statistics, Excel, SPSS, SQL, and MATLAB.
- Experience developing and implementing credit risk strategies, portfolio management initiatives, and risk appetite frameworks.
- Experience managing complex client relationships and negotiating corporate-commercial credit terms, mitigation and financial covenants.
- Experience presenting portfolio risk assessments, credit decisions, and business recommendations to senior leaders and executive stakeholders.
- Experience in payment systems and the merchant acquiring industry.
- MBA.
- Bilingualism.
Skills
- Data analytics
- Statistics
- Excel
- SPSS
- SQL
- MATLAB
- Credit risk management
- Financial statement analysis
- Audit
- Restructuring
- Workout
- Insolvency management
- People leadership
- Credit risk strategies
- Portfolio management
- Risk appetite frameworks
- Client relationship management
- Negotiation
- Payment systems
- Merchant acquiring industry
Location
- Etobicoke
Work Type
- Hybrid
Experience Level
- Senior Manager
- 8-10 years of experience in credit risk management
- 8-10 years of experience in financial statement analysis, audit, restructuring, workout, or insolvency management
- 5+ years of people leadership experience
Education Level
- Bachelor’s degree in Finance, Business Administration, Economics, or equivalent professional experience
- Professional designation (CPA, CFA, CCP, FCSI, or CSI Institute designation)
- MBA
Salary/Compensations
- $132,000 - $172,000
Benefits
- Performance-based bonuses
- Flexible benefits starting from day one
- Choice of a health spending account (HSA) or personal spending account (PSA)
- Profit-sharing programs with company match
- Defined contribution pension plan
- Unlimited access to Coursera
- Mentorship programs
- Internal gig marketplace
- Employee & Family Assistance Program
- 24/7 virtual healthcare
- Workplace wellness initiatives
- Hybrid work arrangements
- Work from Abroad program
- Paid time off programs
- Company-wide recognition programs
- Exclusive banking perks from RBC & BMO
- Access to great employee discounts
About the Company
- Moneris is a leader in the payments industry.
Equal Opportunity
- We welcome and encourage applications from Indigenous peoples, people of colour, people with disabilities, people of all genders, sexual orientation and intersectional identities.
- We acknowledge that people from equity-deserving groups (including racialized individuals, women, gender diverse individuals, individuals with disabilities, neurodivergent individuals, members of 2SLGBTQIA+ communities and those born outside of Canada) are less likely to apply for jobs unless they feel they meet all the requirements posted. At Moneris, we believe candidates bring experience to their work in many ways. We encourage you to apply and share, in the application form, the transferrable experience you bring, and how this will support your success in this role.