Counterparty Credit Risk Analyst

Risk Analyst III (Counterparty Credit Risk)

Location: Toronto, ON (Hybrid - 4 Days Onsite)

Duration: October 2026 to April 2027 (Extension Possible)

Hours: Monday to Friday, Core Business Hours

Pay Rate: Up to $45.00/hour + 4% Vacation Pay

Overtime: As Required

We are seeking a Risk Analyst III to join a high-performing Counterparty Credit Risk team within a major Canadian financial institution. This role offers the opportunity to work closely with stakeholders across Credit Risk, Capital Markets, Front Office Trading, Technology, Operations, and Audit while supporting the monitoring and management of risk exposure across global trading activities.

This is an excellent opportunity for finance professionals with strong counterparty credit risk, market risk, or capital markets experience who enjoy investigative analysis, risk monitoring, and working in a fast-paced trading environment.

What You'll Be Doing

As a member of the Credit Exception Management team, you will:

• Investigate and elevate counterparty credit limit excesses and exceptions.
• Monitor, analyze, and report risk exposures across trading portfolios.
• Ensure compliance with established counterparty credit limits and internal policies.
• Perform detailed investigations into risk breaches, exposure anomalies, and production issues.
• Support implementation of new or revised credit facilities, policies, and processes.
• Conduct impact assessments and assist with requirements gathering and testing activities.
• Produce accurate risk reports and ensure timely delivery according to established SLAs.
• Partner with stakeholders across Credit Risk, Front Office, Operations, Technology, and Audit.
• Identify opportunities for process improvements and operational efficiencies.
• Maintain strong governance, controls, documentation, and audit readiness.
• Perform ad hoc analysis of risk metrics, exposures, and transactions as required.
• Develop an understanding of derivative products and financial modeling principles used in risk management.

Required Qualifications

Must-Have Experience

• 5+ years of experience within Capital Markets, Counterparty Credit Risk, Trading Credit Risk, or Market Risk .
• Strong understanding of:
• Bonds and fixed income products
• Counterparty Credit Risk
• Proven investigation and analytical experience with complex financial exposures and exceptions.
• Experience performing:
• Impact assessments
• User acceptance testing (UAT) and project support
• Experience working with vendor or enterprise risk systems.
• Strong documentation and reporting skills.
• Excellent communication skills with the ability to interact across multiple business groups.

Education

• CFA, FRM, or postgraduate studies are considered strong assets.

Preferred Qualifications

• Experience in bank risk management environments.
• Knowledge of risk governance and compliance frameworks.
• Exposure to SQL, VBA, Python, AI tools, or data analytics technologies.
• Experience supporting risk-related projects and process improvements.

What Makes a Successful Candidate?

• Strong investigative mindset with exceptional attention to detail.
• Ability to independently validate information and challenge findings when necessary.
• Self-starter who can quickly learn new systems and processes.
• Strong financial acumen and problem-solving skills.
• Ability to manage multiple priorities in a deadline-driven environment.
• Excellent stakeholder management and communication abilities.

Ideal Background

We are particularly interested in candidates from:

• Investment Banking
• Capital Markets
• Counterparty Credit Risk
• Market Risk
• Financial Institutions

Please Note

The following backgrounds may not be a strong fit:

• Primarily retail banking or financial planning experience.
• Candidates significantly over the experience range (10+ years may be considered overqualified).
• Operational Risk experience without exposure to trading or capital markets environments.

Use AI for Hiring

Our recruitment process for this role includes the use of AI-based tools to help evaluate candidate qualifications and screen applications.

Why Kelly?

At Kelly we’re committed to finding rewarding opportunities that help you thrive—both professionally and personally. We partner with leading organizations across industries, connecting talented individuals to roles that fit their skills, interests, and goals. As part of the Kelly team, you’ll have access to a diverse network, ongoing career support, and resources to help you succeed. We value inclusion, respect, and work-life balance, and we offer competitive pay and benefits. Join us and discover what’s next for your career!