Manager, Counterparty Credit Risk

Wealthsimple Technologies • ,

2d • CA$116,000 - CA$145,000 • Hybrid

About The Position

As a Manager, Counterparty Credit Risk, you will join our Credit Risk Operations team to help build and operationalize a centralized counterparty credit risk function to support our Securities Lending activities. This team sits at the intersection of risk management, operations, capital markets, finance and treasury drawing on deep brokerage and credit experience. In this role, you will own the end-to-end counterparty credit risk assessment and ongoing monitoring process. You will work closely with Treasury, Finance, Market Risk, Legal, and the Securities Lending team to ensure every counterparty is rigorously evaluated and that exposure remains within our risk appetite. This is a foundational hire - you will shape the function from the ground up and, over time, build and lead a team.

Requirements

• Demonstrated success over a minimum of 4–8+ years in counterparty credit risk, credit analysis, or a highly relevant credit risk management role within the financial services or brokerage sector is required.
• Strong command of financial statement analysis, credit rating methodologies, and counterparty credit risk assessment frameworks required along with providing recommendations to Sr. Management in a clear and concise manner that enables decision making.
• Relentlessly pursues root causes and is willing to continuously expand their knowledge and competencies.
• Acts without being told what to do and is ready to “roll up their sleeves” and build a centralized function from the ground up. Takes full ownership of work and proactively identifies risks before they materialize.
• Plans, organizes, and prioritizes effectively across multiple concurrent counterparty reviews and projects.
• Speaks plainly and truthfully. Distills complex credit and risk concepts into clear, actionable recommendations for any audience.

Nice To Haves

• Candidates with exceptional skills and experience may be considered for a more senior position.
• Preference given to individuals who have successfully completed or are in the process of completing their CFA, CPA, or FRM.

Responsibilities

• Own and up-level the end-to-end procedures for the counterparty credit risk assessment process, ensuring consistency, scalability, and auditability across all workflows.
• Conduct and compile comprehensive credit assessments and provide detailed written recommendations for new and existing counterparties, incorporating financial analysis, AML screening, and operational due diligence to determine appropriate credit limits.
• Evaluate counterparty creditworthiness holistically and provide recommendations on counterparty onboarding and ongoing monitoring — factoring in financial strength (liquidity, leverage, capital, credit ratings), size of the securities lending/borrowing book, entity structures sharing a common parent, and other qualitative/quantitative considerations.
• Establish, monitor, and maintain counterparty concentration limits within our OMS platform ensuring exposures remain within approved thresholds.
• Report on, review, and escalate forward-looking risk metrics to ensure securities lending activities remain within our risk tolerance.
• Author, maintain, and enhance relevant policies and procedures, identifying gaps and recommending enhancements as the program evolves.
• Prepare presentation materials on counterparty credit risk activities for oversight committees, communicating key risks clearly and concisely to Sr. Management.
• Build, mentor, and manage a team of risk specialists over time, scaling the function as the program matures and taking on additional operational onboarding responsibilities.

Benefits

• Top-tier health benefits and life insurance
• Long-term group savings with employer match, through Wealthsimple for Business
• 20 vacation days, 4 wellness days, and unlimited sick and mental health days per year
• 90 days away: work outside Canada for up to 90 days per year
• Employee resource groups, including Rainbow (2SLGBTQ), Women of WS, and Black at WS

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed