Credit Risk Analyst | Toronto
Monex is a leading global financial solutions provider, offering a complete set of tools to support business growth and strategic financial operations.
Monex Canada is a rapidly expanding premier financial services firm specializing in foreign exchange and international payment solutions. We are dedicated to empowering Canadian businesses by offering competitive exchange rates, strategic risk management, and personalized service.
Our team is committed to excellence, leveraging deep market insights and innovative technology to help our clients navigate the complexities of the global FX market.
Job Overview
The Credit Risk Analyst is responsible for assisting the team in managing credit risk exposure to the business derived through changes in market valuation of hedging contracts and the settlement of funds through Payments Canada.
The role consists of the running of portfolio reports, evaluating credit submissions for completeness, analysing financial statements, and building business cases for and adjudication. In addition, the Credit Risk Analyst is to prepare documentation, update systems and databases, and other duties related to the credit portfolio.
Key Responsibilities & Accountabilities
- Review submissions to credit for completeness, enforcing submission quality
- Utilize spreadsheets to input and analyze financial statements.
- Research clients to complete credit underwriting
- Maintain the mark-to-market reporting and follow up for margin funds.
- Submit credit underwriting for completion / adjudication
- Prepare hedging documentation on approved exposure
- Update hedging platform
- Monitor exception queues and escalate for adjudication
- Orderly maintain files for completeness and accuracy
- Other duties as assigned
Required Skills
- Demonstrable experience working in a credit risk analytics role in either a bank,
- brokerage, or equivalent underwriting commercial credit limits
- Clear understanding of financial statements
- Reporting on the credit portfolio including the running, monitoring along with
- follow up.
- Organized with strong attention to detail
- Proficient with Word and Excel, adaptability to learning new software
- Excellent verbal and written communication skills.
- Ability to be and remain organized.
Systems / Knowledge Skills
- MS Office; Outlook, Word, Excel, PowerPoint
- Credit rating and financial spreading tools
- Databases (In House)
- Salesforce
If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!
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What We Do
Monex Europe is a specialist in commercial foreign exchange. We offer a range of FX services aimed at corporate and institutional clients to manage foreign exchange exposure and international payments. We work with our clients to execute considered FX strategies. Combining a personal and proactive service, our currency specialists will help you choose the right option for your specific business needs. Monex Europe Limited is part of the wider financial services group, Monex S.A.P.I. de C.V. (“Monex”), a global investment-grade financial services institution. The group services more than 66,000 clients worldwide. Monex’s team of experienced and professional FX specialists provide local support to corporate and institutional clients in each region of the world. Headquartered in London (UK) Monex Europe Limited is an independent subsidiary of Monex Europe Holdings Limited. Monex Europe Holdings Limited operates various subsidiaries in the FX industry, comprising of Monex Europe Limited, Monex Europe Markets Limited, Monex Europe S.A., Monex Canada Inc., MonFX Pte Ltd.; with offices in the UK, Spain, the Netherlands, Luxembourg, Toronto and Singapore. Our focus is on helping our clients make better informed trading decisions and stay on top of fast moving, volatile markets. Our FX analysts provide clients with daily FX updates, regular macroeconomic reports and in-depth actionable insights for G10 and Emerging Markets.
