Manager, Counterparty Credit Risk

🕒 May 20

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Wealthsimple

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 2014

💳 Fintech

🏦 Banking

💸 Finance

🔥 Funding within the last year

💰 $393M Series E - Wealthsimple on 2025-10

Fintech • Banking • Finance

Wealthsimple is a Canadian financial technology company that provides consumer banking, investing, and wealth management services. It offers chequing accounts, savings, credit cards, self-directed trading (stocks, ETFs, options), cryptocurrency trading, managed portfolios, tax services, and advisory wealth management for high-net-worth clients. Wealthsimple combines digital-first banking and low-fee investing products aimed at retail customers, along with tools and educational content to support personal finance.

📋 Description

• 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.

🎯 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. 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 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.

🏖️ 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