Manager, Counterparty Credit Risk

Manager, Counterparty Credit Risk BUILD SOMETHING PEOPLE LOVE Wealthsimple's mission is to help everyone achieve financial freedom – by making financial services simple, transparent, and low-cost. We're Canada's largest fintech, trusted by over 3 million clients with more than $100 billion in assets. We move fast, we own our work, and we care deeply about the people using our products. If that sounds like you, keep reading. We're proud of what we've built — and we're just getting started. Read our Culture Manual https://www.wealthsimple.com/en-ca/culture and learn more about how we work https://www.wealthsimple.com/en-ca/careers. ABOUT THE TEAM 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. IN THIS ROLE, YOU WILL HAVE THE OPPORTUNITY TO: - 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. SKILLS WE ARE LOOKING FOR: - 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. Candidates with exceptional skills and experience may be considered for a more senior position. - 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. - Preference given to individuals who have successfully completed or are in the process of completing their CFA, CPA, or FRM. - 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 g ... (truncated, view full listing at source)