Manager – Credit Risk & Loan Valuation Permanent

Headquartered in Toronto, the Building Ontario Fund (BOF) is a new independent, board-governed agency that will facilitate investment by trusted institutional investors in critically needed large-scale infrastructure projects within the province.

The agency’s mandate is to invest in, and seek to attract investment from, qualified institutional investors, public sector entities, governments, and Indigenous communities in Ontario infrastructure projects that will generate revenue and are in the public’s interest. BOF will do this by:

• Investing in infrastructure and appropriately allocating risks amongst the Corporation and other investors
• Structuring proposals and negotiating agreements with investors in infrastructure projects
• Receiving and assessing unsolicited ideas and proposals for infrastructure
• Providing advisory services with respect to financing infrastructure projects

The Opportunity

Reporting to the Head of Investment Finance, BOF is seeking a permanent full-time Manager – Credit Risk & Loan Valuation to fill an existing vacancy and take on the following responsibilities:

Loan Valuation Allowance and Credit Risk Assessment

• Perform timely credit risk assessments on investments across all the BOF’s priority areas.
• Apply credit rating methodologies and tools to develop and recommend credit ratings.
• Leverage PD and LGD information to inform loan valuation allowances (LVAs) and calculate expected credit loss (ECL) for each investment.
• Conduct scenario and sensitivity analysis infrastructure transactions.
• Review project agreements and financial models and extract relevant information to support internal risk assessments and reporting.
• Provide recommendations on risk mitigation strategies where applicable.

Transaction Review & Documentation

• Review internal and external transaction documentation, investment memorandums, contractual agreements, and financial models.
• Ensure documentation aligns with internal credit risk assessments and risk management standards.
• Support senior team members in preparing and maintaining portfolio and investment reports on loan valuation allowances and credit risk.

Portfolio Monitoring & Reporting

• Perform counterparty risk assessments including ongoing post-close monitoring.
• Support the ongoing risk monitoring of the portfolio by refreshing loan valuation allowance estimates, completing risk rating reviews, reviewing project reports, and supporting internal credit control activities.
• Track and report on credit-related metrics and portfolio performance.
• Contribute to the risk reporting and dashboarding.

Credit Tools & Process Enhancement

• Assist in the implementation of new credit tools to strengthen portfolio-wide risk assessment and monitoring.
• Assist in developing and maintaining relevant policies and processes.
• Support process improvements to align with evolving market practices, regulatory requirements, and policy-related mandates.
• Help test, validate, and integrate new tools into risk reporting and credit monitoring processes.

Stakeholder Collaboration

• Liaise with the investment team, investment finance, and financial controller to discuss loan valuation allowance and supporting risk assessments across the portfolio.
• Work collaboratively with external partners and government stakeholders to support investment and policy-related objectives.

Knowledge & Market Insight

• Maintain strong knowledge of industry dynamics and trends, particularly in relation to infrastructure financing models.
• Apply industry insights to strengthen the corporation’s risk framework.

Other Duties

• Lead and coach Credit Risk Analyst, ensuring high-quality output and fostering professional development.
• Undertake other portfolio or risk-related initiatives as required to support the team’s objectives.

Qualifications

Education and Experience

• Degree in Finance, Business Administration, or related field, or equivalent experience
• Chartered Professional Accountant (CPA) or Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) Designation (attained or in progress) preferred, but not required.
• Minimum of five (5) years of work experience including credit/financial risk analysis, portfolio management, corporate credit.
• Experience in credit risk rating methodologies, including infrastructure and project finance.
• Experience in infrastructure financing under revenue risk and availability-based models
• Experience with external stakeholders and/or government agencies preferred, but not required.
• Experience with construction financing preferred, but not required.

Knowledge and Skills

• Knowledge and experience in project financing, contract management, infrastructure or alternative investments, and/or private equity
• Knowledge of credit analysis frameworks and investment management systems and processes
• Expertise in lending, investments, and risk assessment best market practices
• Excellent interpersonal skills, including the ability to work effectively with all levels of staff.
• Strong leadership skills and the ability to motivate teams to produce quality work within tight timeframes.
• Excellent analytical and problem-solving abilities, with a keen eye for identifying operational efficiencies and process improvements.
• Strong critical thinking/reasoning skills to identify underlying principles, reasons, or facts.
• Excellent communication skills both verbal and written.
• Ability to take initiative in a fast-moving environment and strong organizational and prioritization skills.
• Proficiency with Microsoft Office suite, including Excel, and PowerPoint.
• Proficiency with building financial models in Microsoft Excel.

Application:  To apply for this position, please submit your resume by Monday, October 6, 2025.

We thank you for your interest in the Building Ontario Fund. Applicant selection is based on, but not limited to technical competence, in-depth experience in relevant sectors and educational background. Accommodations are available upon request for candidates with a disability taking part in the recruitment process.

At Building Ontario Fund, we are committed to diversity, transparency, and inclusion. We believe our strength comes from having a team with the right diverse skills and abilities selected through a merit-based competitive process. We actively encourage applications from people regardless of nationality, religion, gender or gender expression, race or ethnicity, disability, or sexual identity or orientation.