Full-Time | Senior-Level | Reports to the Chief Risk Officer

Position Summary

Reporting to the Chief Risk Officer (“CRO”), the Director, Credit Risk leads the oversight of credit risk across the Bank’s lending activities, with a focus on ensuring portfolios perform within defined risk tolerances while supporting sustainable growth.

The Director, Credit Risk is accountable for how credit risk is measured, monitored, and communicated across the organization. The role works closely with business and finance partners to ensure lending practices remain sound, well-governed, and aligned with regulatory expectations.

Key Responsibilities

1. Portfolio Oversight

• Maintain a clear, ongoing view of portfolio performance across mortgage and commercial lending.
• Identify shifts in credit quality, emerging risks, and areas of concentration.
• Recommend actions to address adverse trends or exposures.

1. Risk Measurement & Insights

• Develop practical tools and reporting to track credit risk at both portfolio and segment levels.
• Lead stress testing and forward-looking analysis to assess potential impacts under different scenarios.
• Ensure leadership has timely, decision-useful information on credit performance.

1. Credit Risk Infrastructure

• Establish and refine how credit risk is governed across the organization, including policies, limits, and monitoring practices.
• Ensure credit standards are clear, consistently applied, and reflect current market conditions.
• Continuously improve processes supporting credit risk oversight.

1. Residential and Commercial Lending Adjudication

• Provide independent review and concurrence on residential mortgages and commercial lending transactions within the positions’ delegated concurrence limits.
• Provide leadership to the Pre-Funding Quality Assurance Team responsible for independent review of residential mortgages and commercial lending files prior to funding.

1. Provisioning & Modeling

• Oversee the approach to estimating credit losses and related analytics in line with IFRS 9.
• Work with Finance to ensure assumptions, methodologies, and outputs are appropriate and well understood.
• Provide challenge and oversight on model performance and outputs.

1. Regulatory Alignment

• Ensure credit risk practices meet expectations of Office of the Superintendent of Financial Institutions (OSFI) and other applicable standards.
• Contribute to materials and analysis required for internal committees and Board reporting.
• Support ongoing enhancement of governance and control frameworks.

1. Business Engagement

• Act as a risk partner to lending and product teams, providing input on new initiatives, policy changes, and portfolio strategy.
• Help balance growth objectives with appropriate risk discipline.
• Provide independent perspective on credit decisions where required.

1. Leadership & Culture

• Reinforce a disciplined approach to credit risk across the organization.
• Encourage transparency, accountability, and continuous improvement in risk practices.
• Support development of team capability where applicable.

Experience & Background

• Significant experience (10+ years) in credit risk, lending, or portfolio risk management within financial services.
• Hands-on exposure to residential mortgage and/or commercial lending portfolios.
• Experience operating in a regulated environment in Canada is strongly preferred.
• Familiarity with credit loss estimation, modeling, and portfolio analytics.
• Strong judgment in assessing credit risk in complex or evolving situations.
• Ability to move between detail (data, files, trends) and big picture (portfolio direction, strategy).
• Practical mindset and able to translate frameworks into real-world application.
• Comfortable engaging senior stakeholders and providing independent challenge.
• Clear communicator who can simplify complex risk topics.
• Degree in a relevant field such as finance, business, or economics.
• Professional designation (e.g., CFA, CPA, FRM, MBA) is helpful but not required.

What You Need to Know

At WealthONE, our people are our greatest asset. You’ll become part of a diverse and growing team that acknowledges everyone’s unique talents to do what’s right for the client, and to do it well. As part of our team, you will:

• Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and at home.
• Connect: Work in a place that fosters creativity and collaboration.
• Develop: Apply your skills and grow your career in a young, fast-growing environment.
• Prosper: Share in our collective success with a competitive salary, incentive pay, and excellent health benefits program.

WealthONE is an equal opportunity employer committed to creating an inclusive environment where all team members and clients feel like they belong.

This is a hybrid position, with an in-office requirements of 2 days per week.

To learn more, please visit us at Wealth One Bank of Canada - About Us (https://www.wealthonebankofcanada.com/Personal/AboutUs/)