Role overview

Wealthsimple, Canada’s leading financial innovator serving over 4 million Canadians, is seeking a Specialist in Counterparty Credit Risk to join the Credit Risk Operations team. This role will focus on building and operationalizing a centralized counterparty credit risk function that works across risk management, operations, capital markets, finance, treasury, and product teams. You will own the end-to-end counterparty credit risk assessment and monitoring process, working to ensure every counterparty is rigorously evaluated and that exposures remain within the company’s risk appetite.

Key responsibilities

Own and continuously improve the procedures for counterparty credit risk assessment processes while maintaining consistency, scalability, and auditability across the function.
Conduct and compile comprehensive credit assessments and provide detailed written recommendations for new and existing counterparties using regulatory financial statement analysis and other relevant factors to determine appropriate credit limits.
Monitor concentration limits and stress testing results to ensure exposures remain within approved thresholds, flagging emerging risks early with recommended actions.
Assist in drafting, maintaining, and enforcing counterparty credit risk policies, credit limit frameworks, and procedures across the organization.
Collaborate across Treasury, Finance, Market Risk, Legal, Product, and Securities Lending teams to support both front office needs and risk development initiatives.
Make well-reasoned decisions with incomplete information, clearly stating the assumptions and risks underlying your recommendations.
Build and maintain positive working relationships with counterparties while managing risk assessments.

Requirements

One to three or more years of experience in counterparty credit risk, credit analysis, or a related credit risk management role within an investment dealer or brokerage environment.
Working knowledge of broker-dealer regulatory capital concepts, including risk-adjusted capital and net excess capital, with the ability to interpret Form 1 and FOCUS filings.
Strong ability to distill complex credit and risk concepts into clear, actionable recommendations for diverse audiences.
Demonstrated capacity to plan, organize, and prioritize effectively across multiple concurrent priorities in a fast-paced environment.
Proactive approach to identifying risks before they materialize and willingness to take full ownership of assigned work.
Preference given to candidates pursuing the CFA, CPA, or FRM designation.

What makes this role worth considering

This position offers the opportunity to shape a growing function from the ground up, working at the intersection of multiple business areas within a company that serves millions of Canadians. The role is based remotely within Canada and is part of a hybrid team of over 1,500 employees across North America. Wealthsimple offers comprehensive benefits including top-tier health and life insurance, 20 vacation days plus 4 wellness days and unlimited sick and mental health days per year, the ability to work outside Canada for up to 90 days annually, and access to employee resource groups.