Credit Risk Analytics Manager

Job Description

You will be working on a flexible hybrid schedule as part of Fidelity’s dynamic working arrangement.

Current work authorization for Canada is required for all openings.

The work location for this role is 483 Bay Street in Toronto until approximately late 2026, when the work location will change to the new Mississauga office at 3 Robert Speck Parkway.

Who We Are:

At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and we’re constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future.

Working with us means you’ll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You’ll have a wide range of opportunities to grow and develop your career in an inclusive environment where you’ll feel valued and supported to be your best - both personally and professionally.

What We Do (The Team You’ll Be Part Of):

The role is responsible for developing and maintaining credit risk analytics, monitoring frameworks, stress testing methodologies, and reporting that support the effective management of institutional client and counterparty exposures. The role provides independent assessment of credit risk arising from trading and financing activities, monitors margin adequacy and concentration risk, identifies emerging credit concerns, and supports timely escalation of material credit risk events. The position also oversees data quality and analytics used in credit risk measurement and decision making

How You’ll Make An Impact:

Credit Risk Analytics & Exposure Monitoring

• •Responsible for developing and maintaining credit exposure monitoring frameworks for institutional clients and counterparties.
• •Evaluates current and potential future exposure arising from trading and financing activities, including margin utilization, collateral coverage, concentration risk, and counterparty credit quality.
• •Monitors client exposures against approved limits and identifies emerging credit risks requiring escalation or remediation.
• •Supports the ongoing enhancement of credit risk models, methodologies, and reporting.

Stress Testing & Scenario Analysis

• •Responsible for enhancing and executing stress testing and scenario analysis to assess potential changes in counterparty credit exposure, collateral sufficiency, and client repayment capability under adverse market conditions.
• •Evaluates potential impacts on credit losses and recommends actions to reduce exposure concentrations and mitigate risk.

Data Integrity & Vendor Oversight

• •Responsible for ensuring the integrity, completeness, and reliability of data used in credit risk measurement, exposure monitoring, margin analysis, stress testing, and capital reporting.
• •Develops and maintains robust data pipelines and reporting processes across internal systems and external vendors, including DataPhile, Bloomberg, and other sources.
• •Continuously identifies opportunities to enhance data quality, automate reporting processes, and improve the efficiency and scalability of credit risk analytics.
• •Acts as a subject matter expert and consultant for data-related credit risk initiatives and supports the resolution of data and system issues affecting risk measurement and reporting.

Credit Risk Monitoring & Early Warning Analytics

• •Responsible for monitoring client positions, exposures, margin utilization, collateral values, and concentration levels to identify potential credit deterioration and emerging loss risks.
• •Utilize Bloomberg, trade monitoring tools, and internal reporting tools to assess changes in risk profiles and ensure exposures remain within approved risk appetite and credit limits.
• •Investigates exposure drivers and escalating credit concerns in accordance with established credit risk procedures.

Credit Risk Reporting & Oversight

• •Responsible for maintaining effective first-line credit risk monitoring controls, escalation procedures, and reporting practices that support prudent management of client and counterparty exposures.
• •Ensure timely identification and escalation of limit breaches, margin deficiencies, concentrated exposures, and material credit risk events.
• •Produces management reporting and analytics to support informed credit risk decisions and capital utilization oversight.

What We’re Looking For:

• •University degree (Finance, Economics, Mathematics, Statistics, Business or related field) or equivalent work experience
• •5+ years of experience in Credit Risk, Counterparty Risk, or Institutional Risk Management.
• •Experience assessing client and counterparty credit exposures, collateral adequacy, and concentration risk.
• •Experience developing risk analytics, exposure measurement methodologies, and management reporting.
• •Experience managing data quality, reporting infrastructure, and risk related data initiatives
• •Experience utilizing Python, SQL, Excel, or similar tools to automate reporting and analyze large data sets.
• •Knowledge of risk platforms and trade monitoring tools such as Bloomberg

The Expertise You Bring:

• •Strong knowledge of risk metrics (e.g. VaR, and Greeks).
• •Experience assessing institutional, margin lending, or counterparty credit exposures.
• •Understanding of capital and regulatory (e.g. CIRO) requirements related to credit risk.
• •Analytical mindset with strong attention to detail.
• •Knowledge of collateral management and concentration risk assessment.
• •Strong communication and escalation skills.
• •High attention to detail, strong problem-solving skills, and a proactive approach to improving data quality and risk processes.
• •Knowledge of financial services products, processes, and industry is an asset
• •Capable of assimilating complex material, and to identify and discuss complicated concepts
• •Able to work on own initiative and develop practical solutions under pressure
• •Advanced proficiency with Microsoft Excel, SQL and PowerPoint

Total Rewards That Reflect Your Impact

We believe exceptional work deserves exceptional recognition. That’s why we offer a competitive compensation package designed to support your success today—and your financial well-being tomorrow.

For this role, your total rewards include:

RRSP Contribution : After 6 months of employment, we invest in your future with an RRSP contribution—no employee matching required.

We offer market-aligned rates that recognize the specialized skills and agility required for this role.

We’re proud to offer a compensation package that aligns with provincial pay transparency requirements .

This posting is for an existing vacancy within our organization.

We use AI-enabled LinkedIn Hiring Assistant to support parts of our sourcing process. Every hiring decision is reviewed and finalized by our recruiters. If you choose to ask questions to the LinkedIn HR Hiring Assistant, please be mindful that the responses are not official and must be confirmed for accuracy and completeness by Fidelity. If you are selected for an interview, the recruiter who contacts you can best answer your questions .”

Some of the ways we’ll help you feel valued and supported as part of our team:

• •Flexible working arrangements - 100% remote, hybrid, and in office options
• •Competitive total compensation, including company contributions to your group RRSP without a matching requirement from you
• •Comprehensive health benefits that start on your first day, with 100% employer-paid premiums, that include up to $6000 annually for mental health services and therapy
• •Parental leave top-up to 100% of your salary for a period of 25 weeks
• •Up to $650 for home office equipment
• •Generous time off policy, including 2 paid days annually to volunteer at a charity of your choice
• •Diversity