As an impact investor, the CIB seeks to assess both the public benefits and the fiscal impact – the ultimate cost of its potential investments as a core element of its investment process. The Credit Risk and Fiscal Impact team is responsible for assessing the fiscal impact – or expected risk-adjusted return of our investments. The CIB pursues investments through a wide range of transaction structures and approaches - and includes investments with significant concessionality.
Reporting to the Chief Financial Officer and based in Toronto, the Head of Credit Risk and Fiscal Impact will oversee the CIB’s Credit Risk framework, Fiscal Impact (i.e. the CIB’s long-term cost of investing), portfolio, and department. They will provide leadership and guidance to the credit risk and fiscal impact team and will be relied upon to work closely and collaboratively with departments, executive leadership, and stakeholders to deliver on corporate objectives.
Additionally, they will strategize with executive leadership to help continually define the CIB’s risk tolerance and exposure and apply best practices and judgment towards all aspects of an investment opportunity from structuring, to financial close, asset management, and exits.
Your responsibilities include
- Work with CFO to oversee the Credit Risk and Fiscal Impact strategy and assessment, including rating and calculating the fiscal impact of the CIB’s investments across each priority sector
- Implement best-in-class risk practices with the development, implementation, and review and monitoring of new and existing credit programs as well as other investment structures such as equity
- Provide ongoing leadership and guidance to an existing team of qualified risk professionals, ensuring team objectives are aligned with the CIB’s objectives
- Promote value for the organization as a first line of defence throughout the entire cycle of a transaction (from due diligence/negotiation through to exit)
- Work closely with the executive leadership team and department heads (such as Investments, Legal, Asset Management, Finance), to promote a positive and collaborative risk culture (including the creation of education and training programs)
- Ensure proper governance and controls are in place with the risk frameworks (i.e. credit, equity), including appropriate rating models, key performance measurements, reporting/documentation
- Oversee the timely and accurate reporting of information for relevant stakeholders (such as Executive Leadership, the Board, and key stakeholders), and provide sound judgment and leadership when ask upon for recommendations and/or expertise
- Work with the CFO and Director of Enterprise Risk to provide overall departmental leadership related to risk recommendations, strategy, operations, and learning and development
- Champion and embed the firm’s diversity and inclusion philosophy and practice through the management, mentorship, and recruitment
- Other credit risk and fiscal impact initiatives as required
The ideal profile
- University Degree in a related field such as Business, Commerce, Economics, Mathematics or Actuary
- Post Graduate Degree or Designations considered an Asset (FRM, CRM, MBA, CFA, CPA)
- 15+ years of Credit Risk experience (Project Finance, PPP, Corporate Finance), preferably involving large capital investments within infrastructure
- Strong multitasker with a proven track record prioritizing tasks in a fast paced and deal intense environment
- Ability to collect and analyze data from multiple points both from inside and outside the organization
- High tolerance for ambiguity and complexity, while being efficient with limited resources
- Proven track record working with a diverse range of stakeholders across various functional disciplines to understand their respective challenges and motivations
- Ability to work well with executives, and able to lead and influence across multiple levels and functions of an organization
- Advanced understanding of MS PowerPoint, Excel, and Word (or equivalent) to develop executive presentations and documents
- Excellent oral and written communication skills
- Experience or familiarity working with Government agencies considered an asset
- Bilingual in French and English (written and oral) is preferred
To apply for this position, please email your resume to firstname.lastname@example.org with the Subject Line: Director, Enterprise Risk. We thank you for your interest. Only those selected for further screening or an interview will be contacted.
At the CIB, we are committed to diversity and equitable access to employment opportunities. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.