Our PurposeMastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.Title and SummaryDirector, Credit Risk PolicyOverviewThis role provides senior, independent Second Line of Defense oversight of credit risk across the Global portfolio. The Director is accountable for supporting the SVP Credit Risk to oversee credit risk governance, specifically on credit policy, standards and guidance, developing credit risk portfolio management information, key credit risk indicators, regulatory compliance, and oversight of first line credit risk management frameworks. The role supports and will represent Credit Risk function at regulator, committee, and senior stakeholder forums, ensuring alignment with global Credit Risk standards.Role & ResponsibilitiesCredit Risk Governance & OversightProvide independent Second Line oversight of credit risk across the global portfolioLead development and maintenance of the second line of defense Credit Risk Policy, standards and guidelines, e.G., Underwriting standards, collateral standards, etcOversight of first line of defense adherence to risk appetite, policies, standards and guidelinesSupport SVP on challenges to and approval of material policy exceptionsRisk Rating Framework, Methodology & Credit Risk SystemsWork with SVP, Credit Risk to ensure requirements in Credit Risk Policy and Standards are implemented within the Credit Risk Systems and toolsPortfolio & Risk Appetite OversightProvide oversight of portfolio performance, concentrations, and emerging risksCoordinate the management and enhancement of second line management reporting,



key risk indicators and portfolio oversight through CRMS/Power BIMonitor portfolio metrics against approved risk appetite and tolerance levelsPerform periodic QA over Underwritings performed by 1LoD Customer Risk Management functionEnsure timely escalation of material risk deterioration and forward-looking risk concernsRegulatory & Stakeholder EngagementAs appropriate, lead Credit Risk engagement during regulatory reviews, examinations, and auditsPartner with senior stakeholders across Business, Finance, Compliance, and RiskLeadership & Strategic ContributionProvide leadership and direction within the Credit Risk functionContribute to global and regional credit risk initiatives and framework enhancementsSupport development of credit risk talent through mentoring and qualified guidanceDecision Making AuthorityAuthority to review and challenge first line credit risk decisions, underwriting, procedures risk acceptance, open risk managementRecommend approval or escalation of policy exceptions and KRI risk appetite breachesRecommendation on enhancements to credit risk policy, standards and guidelines.Recommendation on enhancements to credit risk systems and management reportingAll About YouAdvanced credit risk management expertise across financial institutions and/or corporate portfolios, in particular the enhancement of credit risk policy, standards and guidanceStrong knowledge of credit risk management systems, management information, rating systems and control frameworks. Use of AI in credit risk management.Good understanding of Expected Loss frameworks including PD, LGD, EAD and stress testingExecutive-level communication and stakeholder management skillsStrong strategic and commercial mindsetDeep analytical and data-driven decision-making capabilitySolid understanding of regulatory frameworksAbility to balance growth and riskProven experience in banking, payments, fintech, risk managementProven experience in credit risk strategy, portfolio management,



analyticsExperience operating across global or regional marketsExperience engaging regulators and governance forumsProven ability to influence in a matrix organizationComfortable operating in ambiguity and driving changeStrong stakeholder managementDemonstrated inclusive leadership styleActs as a role model for risk culture, governance discipline, and ethical decision-makingExercises independent judgement while constructively challenging the First LineDemonstrates accountability, resilience, and sound professional judgementEducation & QualificationsBachelor's degree requiredRelevant certifications (CFA, FRM, etc.)Desirable, advanced degree preferred (MBA, MSc, etc.)Mastercard is a merit-based, inclusive, equal opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law. We hire the most qualified candidate for the role. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment process, please contact [email protected] and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.Corporate Security ResponsibilityAbide by Mastercard's security policies and practices; Ensure the confidentiality and integrity of the information being accessed; Report any suspected information security violation or breach, andComplete all periodic mandatory security trainings in accordance with Mastercard's guidelines.In line with Mastercard's total compensation philosophy and assuming that the job will be performed in Canada, the successful candidate will be offered a competitive pay based on location, experience and other qualifications for the role and may be eligible to participate in a discretionary annual incentive program. This posting reflects one or more current openings on our team.Pay RangesToronto, Canada: $138,000 - $221,000 CAD #J-18808-Ljbffr

📌 Director, Credit Risk Policy (Toronto)
🏢 Mastercard
📍 Toronto