Director, Enterprise Risk Management (DERM)

FACEOffice/Remoteworkwithtargetclients across Canada.

Posted Date: November14, 2025

Application Deadline: November28, 2025

The opportunity: The Director of Enterprise Risk Management provides strategic leadership and oversight for the institution’s enterprise-wide risk framework. This role ensures that all significant risks financial, credit, operational, compliance, reputational, strategic, and ESG are identified, assessed, mitigated, and reported in accordance with Board-approved policies and regulatory standards.

The Director will collaborate across departments to embed a proactive risk culture, strengthen governance, and ensure the organization’s sustainability, integrity, and alignment with its mission of inclusive and responsible lending.

Overview of Responsibilities

Lead the design, implementation, and continuous enhancement of the Enterprise-Wide Risk Management Framework (ERMF) and supporting policies.

Maintain the C‑Suite‑approved Risk Appetite Statement (RAS), aligning it with strategic goals and changing market or funding conditions.

Develop and manage the risk register, KRIs/KPIs, and risk dashboards; oversee quarterly risk reporting to the Risk & Audit Committee.

Ensure alignment with OSFI Guidelines, IFRS9 expected‑loss methodologies, and applicable ASNPO standards.

Oversee systematic risk identification across credit, liquidity, market, operational, compliance/legal, IT/cyber, human capital, and ESG categories.

Coordinate monthly, quarterly and annual risk reviews with department heads.

Conduct risk analytics, stress testing and scenario analysis (e.g., portfolio default shocks, liquidity crises).

Review and approve within DLAs, single-name strategies and credit transaction requests within agreed timelines and/or turn‑around benchmarks, highlight exceptions to applicable policies and guidelines and suggest enhancements. Also prepares recommendations for Single Name Strategies and Transaction Requests for sign off.

Assist in continuous oversight of the organization’s loan‑fund performance through monitoring credit portfolio trends, credit risk framework, financial and industry information, regulatory changes, third‑party analysis including rating agency publications, and other early warning signals.

Implement automated or data‑driven risk monitoring tools and ensure data integrity for risk metrics.

Policy & Control Development

Help draft and/or update and maintain risk‑related policies: credit, liquidity, operational, compliance, data privacy, business continuity, and ESG.

Support internal audit and quality assurance reviews; ensure management action plans are implemented.

Ensure integration of risk controls into key processes — credit underwriting and approvals, financial reporting, vendor management, IT systems, and HR practices.

Risk Culture & Capacity Building

Lead organization‑wide risk training and awareness programmes.

Coach management and staff on risk‑based decision‑making.

Promote a “no‑surprises” culture of transparency, accountability, and ethical behaviour.

Strategic & Regulatory Liaison

Provide expert advice to the C‑Suite and Board on emerging risks, macroeconomic conditions, and sectoral issues.

Leverage with regulators, funders, insurers, and auditors on risk matters.

Contribute to strategic planning, capital allocation, and programme design from a risk‑return and social‑impact perspective.

Qualifications

Bachelor’s degree in finance, Accounting, Economics, Business, Risk Management, or related field (Master’s preferred).

Recognized professional designations such as FRM, CRM, CFA, CPA, or PRM are strong assets.

Minimum 10 years of progressive experience in enterprise risk, credit risk, or financial governance.

Demonstrated experience in a financial institution, credit union, CDFI, or non‑profit loan fund environment.

Proven leadership managing cross‑functional risk programmes and direct engagement with Board Committees.

Deep knowledge of risk management frameworks (COSO‑ERM, ISO 31000, OSFI‑B‑10/B‑20/B‑21).

Strong understanding of IFRS9 credit modelling, liquidity ratios, and capital adequacy principles.

Advanced analytical, presentation, and report‑writing skills.

Sound integrity and judgement and mission‑alignment within inclusive economic growth and ESG principles.

Intimate knowledge of the Microsoft suite and relevant data‑analysis tools.

Previous experience using online research tools such as SNL, Bloomberg, KMV, or similar.

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