Director, Fundamental Credit Risk
Top Benefits
About the role
Why You’ll Love Working Here
- high-performance, people-focused culture
- our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves
- learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growth
- membership in HOOPP’s world class defined benefit pension plan, which can serve as an important part of your retirement security
- competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account).
- optional post-retirement health and dental benefits subsidized at 50%
- yoga classes, meditation workshops, nutritional consultations, and wellness seminars
- the opportunity to make a difference and help take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workers
Job Summary The Director, Fundamental Credit Risk supports the objectives of the Risk and Strategy function by providing independent, rigorous credit risk assessment and advisory support for public and private debt investments. Working closely with investment teams, technology partners, and risk specialists, the role delivers value-added transaction reviews, applies internal credit assessment methodologies, and contributes to the development of effective credit monitoring practices. The position plays a key role in ensuring that credit risks are appropriately identified, evaluated, and communicated to support informed investment decision-making and portfolio resilience.
- Provide independent credit risk assessment and transaction review for debt investments
- Partner with investment teams to support risk-informed decision-making.
- Strengthen internal credit assessment and monitoring practices through the use of advanced analytics, including artificial intelligence, and leading industry practices.
What You Will Do
- Conduct independent credit assessments of private and selected public debt investments by reviewing investment proposals, financial statements, projections, and structural features to evaluate risk-return adequacy.
- Own the execution and ongoing development of the internal credit assessment and rating framework for private credit and structured debt investments, leveraging advanced analytics (including AI) and leading industry practices to strengthen risk evaluation.
- Provide timely, practical, and well-reasoned credit risk advice to investment teams throughout the transaction lifecycle while maintaining independent risk judgment.
- Analyze complex financing structures, including cash flow priorities, covenant frameworks, collateral arrangements, and downside protection mechanisms.
- Support ongoing credit surveillance through regular monitoring of portfolio exposures, financial performance, third-party research, and relevant market developments.
- Identify, synthesize, and communicate emerging credit risks, trends, and potential credit events to senior stakeholders, providing clear recommendations aligned with portfolio objectives.
What You Bring
- University degree in finance, economics, business, or a related discipline.
- 5+ years of progressive experience in credit risk analysis, private credit, structured finance, or related investment risk roles, with a strong focus on private and complex debt investments.
- Master’s degree in a relevant discipline and/or professional risk or investment designation.
- Advanced expertise in credit risk analysis for private debt and complex financing structures, including the ability to assess structural protections, downside risk, and recovery outcomes.
- Strong financial analysis skills, including the evaluation of financial statements, business models, cash flow projections, and stress scenarios.
- Demonstrated ability to apply and interpret internal or external credit assessment frameworks for illiquid and non-public investments.
- Strong judgment and analytical rigor, with the confidence to challenge assumptions and investment theses constructively.
- Excellent written and verbal communication skills, with the ability to clearly articulate credit risks and recommendations to senior and diverse stakeholders.
Not the right fit? Search for Director, Fundamental Credit Risk jobs in Toronto, Ontario
About HOOPP (Healthcare of Ontario Pension Plan)
Established in 1960, the Healthcare of Ontario Pension Plan (HOOPP) is a multi-employer defined benefit pension plan for Ontario's hospital and community-based healthcare sector. We serve more than 460,000 members who provide valued healthcare services at more than 670 employers across the province. At HOOPP, we exist to provide a stable and reliable pension for our members that starts in retirement and is paid for life. As one of Canada's largest and most respected pension plans, HOOPP's net assets reached $112.6 billion at the end of 2023 and our funded status remained strong at 115%. HOOPP's core values - professional, accountable, collaborative, compassionate and trustworthy - guide our every interaction with our members, employers and employees.
We've become one of Canada's leading pension plans by consistently challenging ourselves and embracing innovation. From our unique investment management approach to our innovative technology and thought-provoking research, we constantly seek to push the boundaries, and we do this by hiring passionate, forward-thinking people. Our high-performance culture, which spans our head office in Toronto and our office in London (UK), is founded on collaboration, respect and belonging. HOOPP is an equal opportunity employer and we're proud of our diversity. We select applicants for employment solely on the basis of their qualifications. Should you require accommodation because of a disability during the recruitment and selection process, please contact our Human Resources team. We will be happy to consult with you so that arrangements can be made for reasonable accommodation.
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Director, Fundamental Credit Risk
Top Benefits
About the role
Why You’ll Love Working Here
- high-performance, people-focused culture
- our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves
- learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growth
- membership in HOOPP’s world class defined benefit pension plan, which can serve as an important part of your retirement security
- competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account).
- optional post-retirement health and dental benefits subsidized at 50%
- yoga classes, meditation workshops, nutritional consultations, and wellness seminars
- the opportunity to make a difference and help take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workers
Job Summary The Director, Fundamental Credit Risk supports the objectives of the Risk and Strategy function by providing independent, rigorous credit risk assessment and advisory support for public and private debt investments. Working closely with investment teams, technology partners, and risk specialists, the role delivers value-added transaction reviews, applies internal credit assessment methodologies, and contributes to the development of effective credit monitoring practices. The position plays a key role in ensuring that credit risks are appropriately identified, evaluated, and communicated to support informed investment decision-making and portfolio resilience.
- Provide independent credit risk assessment and transaction review for debt investments
- Partner with investment teams to support risk-informed decision-making.
- Strengthen internal credit assessment and monitoring practices through the use of advanced analytics, including artificial intelligence, and leading industry practices.
What You Will Do
- Conduct independent credit assessments of private and selected public debt investments by reviewing investment proposals, financial statements, projections, and structural features to evaluate risk-return adequacy.
- Own the execution and ongoing development of the internal credit assessment and rating framework for private credit and structured debt investments, leveraging advanced analytics (including AI) and leading industry practices to strengthen risk evaluation.
- Provide timely, practical, and well-reasoned credit risk advice to investment teams throughout the transaction lifecycle while maintaining independent risk judgment.
- Analyze complex financing structures, including cash flow priorities, covenant frameworks, collateral arrangements, and downside protection mechanisms.
- Support ongoing credit surveillance through regular monitoring of portfolio exposures, financial performance, third-party research, and relevant market developments.
- Identify, synthesize, and communicate emerging credit risks, trends, and potential credit events to senior stakeholders, providing clear recommendations aligned with portfolio objectives.
What You Bring
- University degree in finance, economics, business, or a related discipline.
- 5+ years of progressive experience in credit risk analysis, private credit, structured finance, or related investment risk roles, with a strong focus on private and complex debt investments.
- Master’s degree in a relevant discipline and/or professional risk or investment designation.
- Advanced expertise in credit risk analysis for private debt and complex financing structures, including the ability to assess structural protections, downside risk, and recovery outcomes.
- Strong financial analysis skills, including the evaluation of financial statements, business models, cash flow projections, and stress scenarios.
- Demonstrated ability to apply and interpret internal or external credit assessment frameworks for illiquid and non-public investments.
- Strong judgment and analytical rigor, with the confidence to challenge assumptions and investment theses constructively.
- Excellent written and verbal communication skills, with the ability to clearly articulate credit risks and recommendations to senior and diverse stakeholders.
Not the right fit? Search for Director, Fundamental Credit Risk jobs in Toronto, Ontario
About HOOPP (Healthcare of Ontario Pension Plan)
Established in 1960, the Healthcare of Ontario Pension Plan (HOOPP) is a multi-employer defined benefit pension plan for Ontario's hospital and community-based healthcare sector. We serve more than 460,000 members who provide valued healthcare services at more than 670 employers across the province. At HOOPP, we exist to provide a stable and reliable pension for our members that starts in retirement and is paid for life. As one of Canada's largest and most respected pension plans, HOOPP's net assets reached $112.6 billion at the end of 2023 and our funded status remained strong at 115%. HOOPP's core values - professional, accountable, collaborative, compassionate and trustworthy - guide our every interaction with our members, employers and employees.
We've become one of Canada's leading pension plans by consistently challenging ourselves and embracing innovation. From our unique investment management approach to our innovative technology and thought-provoking research, we constantly seek to push the boundaries, and we do this by hiring passionate, forward-thinking people. Our high-performance culture, which spans our head office in Toronto and our office in London (UK), is founded on collaboration, respect and belonging. HOOPP is an equal opportunity employer and we're proud of our diversity. We select applicants for employment solely on the basis of their qualifications. Should you require accommodation because of a disability during the recruitment and selection process, please contact our Human Resources team. We will be happy to consult with you so that arrangements can be made for reasonable accommodation.