Counterparty Credit Risk Specialist

Posted 6 days ago

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About the role

  • Counterparty credit risk specialist assessing counterparties and monitoring exposures. Supporting Wealthsimple, Canada’s financial innovator, across brokerage, trading, and related financial products.

Responsibilities

  • Own and improve procedures for counterparty credit risk assessment processes, ensuring consistency, scalability, and auditability
  • Conduct and compile comprehensive credit assessments
  • Provide detailed written recommendations for new and existing counterparties
  • Analyze regulatory financial statements and other factors to determine credit limits
  • Monitor concentration limits and stress testing results within the platform
  • Ensure exposures remain within approved thresholds and flag emerging risks with recommended actions
  • Assist in drafting, maintaining, and enforcing counterparty credit risk policies, credit limit framework, and procedures
  • Collaborate with Treasury, Finance, Market Risk, Legal, Product, and Securities Lending teams
  • Support front office and risk development
  • Make well-reasoned decisions with incomplete information and document assumptions and risks
  • Build positive relationships with counterparties

Requirements

  • 1–3+ years experience in counterparty credit risk, credit analysis or a relevant credit risk management role in an investment dealer or brokerage environment
  • Working knowledge of broker-dealer regulatory capital, including risk-adjusted capital and net excess capital
  • Ability to interpret Form 1 and FOCUS filings
  • Preference given to individuals who are pursuing the CFA, CPA or FRM program
  • Ability to pursue root causes and continuously expand knowledge and competencies
  • Ability to act independently and proactively identify risks
  • Ability to plan, organize, and prioritize across multiple concurrent priorities
  • Ability to distill complex credit and risk concepts into clear, actionable recommendations

Benefits

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

Job title

Job type

Full Time

Experience level

Junior

Salary

CA$69,600 - CA$87,000 per year

Degree requirement

No Education Requirement

Location requirements

RemoteCanada

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