Status: Permanent Full Time
Working Conditions
:
On-site
Education Level:4 Year University Degree in Finance or a related field plus additional 1 year or more of further concentrated study.
Base
Location:
Oshawa, ON
Shift:Days
Travel:10%
Final date to receive applications:March 18, 2026
Salary Range: $111,000 - $161,000
Electrify your career and help build a brighter tomorrow.
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Whether you work in the skilled trades or are a business professional, a career at OPG is an opportunity to electrify your life on -- and off -- the job.
JOB OVERVIEW
Ontario Power Generation (OPG) is looking for a dynamic, strategic and results-driven professional to join our team in the role of Manager, Credit Risk.
Reporting to the Senior Manager Treasury, this position is responsible for conducting advanced counterparty evaluations, quantitative credit risk modeling and analyzing financial risk and credit metrics, monitoring credit exposures, negotiating and administering collateral, and ensuring compliance with internal policies and external requirements. This position also provides expert guidance for credit provisions during contract negotiations, develops and maintains credit risk limits, prepares detailed risk reports, and educates stakeholders across the organization.
KEY ACCOUNTABILITIES
Assess the financial strength and creditworthiness of counterparties using financial reports and other public information, management interviews, and information from rating agencies for the purpose of establishing, maintaining, or denying credit.to minimize risk exposure.
Analyze and interpret credit metrics such as Potential Future Exposure (PFE), credit scoring model output, published credit ratings, contract terms and other information to provide robust risk assessments for OPG and its subsidiaries.
Lead the creation, maintenance, documentation and enhancement of credit risk models, credit limits, and exposure mitigation strategies for key business areas including Treasury, Supply Chain, and Energy Markets.
Continuously track and manage counterparty exposures, ensuring they remain within approved limits and taking corrective actions when thresholds are approached or exceeded.
Ensure accurate onboarding of counterparties, adjustment of credit limits, validation of PFE calculations, and maintenance of comprehensive credit exposure data.
Prepare and present daily Treasury and Energy Markets credit reporting, quarterly Uranium Supply Chain credit risk reports, and other required reports and documentation to ensure transparency and regulatory compliance
Provide expert credit risk analysis and recommendations to OPG subsidiaries and business units during contract negotiations to enable informed decision-making.
Oversee the administration of collateral for bilateral trading agreements and ensure compliance with collateral requirements from Independent System Operators (ISOs) and financial institutions.
Generate and escalate exception reports for activities that violate credit policies or limits and participate in committee meetings to address issues.
Present credit analysis findings and deliver training to business partners and stakeholders, enhancing organizational understanding of credit risk and compliance.
Chair or contribute to cross-functional teams to develop, implement, and continuously improve credit risk strategies and operational effectiveness.
QUALIFICATIONS
The successful candidate will exhibit uncompromising integrity and commitment to upholding corporate values, and the OPG Code of Business…
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