Manager, Investment Risk

Headquartered in Toronto, the Canada Infrastructure Bank (CIB) is responsible for investing in new infrastructure projects. The CIB’s mission is to work with provincial, territorial, municipal, federal, Indigenous and private sector investor partners to transform the way infrastructure is planned, financed and delivered in Canada.

Reporting to the Director, Investment Risk, the Manager, Investment Risk, will focus on infrastructure investment risk assessment, including revenue risk and availability-based infrastructure financing models, throughout the underwriting process: from structuring to financial close, followed by reviews and analysis post transaction closing in coordination with the investments team and other areas of the CIB.

Your responsibilities include:

Perform and/or review timely analysis on individual investments across all the CIB’s priority sectors as required
Review transaction financial models and extract relevant information for internal risk analysis and reporting as required
Use risk rating tools to spread financial statements and apply applicable methodology to assess credit risk ratings and make corresponding rating recommendation
Perform and/or review independent scenario and sensitivity analysis, including PPP and infrastructure transactions subject to revenue risk
Perform counterparty risk assessment, under project finance and PPP revenue structures or under corporate structures as applicable and perform regular monitoring post transaction closing
Provide recommendations on risk mitigation strategies, as applicable
Review internal and external transaction documentation including information memoranda, contractual agreements, financial models and other project finance-related documentation in the performance of the above assessments, as required
Support Directors and Senior Managers in the preparation and maintenance of investment risk reports and risk rating reports on individual transactions
Support Directors and Senior Managers in the ongoing risk monitoring of the portfolio, including reviewing the accuracy and completeness of annual reviews prepared by Asset Management, preparing internal risk rating refreshes and performing a host of internal investment monitoring and control activities related to the portfolio
Reporting on investment-related metrics and performance to the Head, Risk, on a regular basis with respect to the investments portfolio under his/her responsibility and any market (interest rate, inflation, FX) or sector developments impacting the portfolio and maintaining relevant records
Maintain good knowledge of industry dynamics, trends and in particular in relation to the CIB’s infrastructure mandate and its priority sectors
Maintain good knowledge of global revenue infrastructure financing models and industry developments, including policy financing products
Liaise with the investment team and other areas of the CIB including asset management, finance and accounting, as required, with respect to the investment portfolio from the risk perspective
Contribute to the maintenance of the Risk Dashboard
Other portfolio or initiatives risk related duties as required
The ideal profile:

Degree in Finance, Accounting, Economics or equivalent experience; CFA, MBA, highly desirable
Minimum of four years of credit analysis experience, ideally at a bank, regulated institution or MDB/IFIs
Experience with infrastructure asset class, PPPs, project finance, preferably in any of the CIB’s priority sectors
Expertise in lending, investments and risk assessment best market practices
Experience in credit risk rating methodologies, including infrastructure and project finance
Experience in infrastructure financing under revenue risk and availability-based models
Strong analytical skills and ability to summarize complex structures and related risks in a clear and concise manner
Strong modelling skills and experience in using excel, MS word, PowerPoint and similar industry software
Excellent written and verbal communication skills
Experience with finance and risk models and use of related industry software
Experience with policy-related mandates, a strong asset
Excellent communication and personal organizational skills
Familiarization with quantitative analysis and financial modelling to support business/investment decisions
Ability to work independently and collaboratively as part of the Investment Risk team, working directly with a Senior Manager or Director on transactions
Aptitude to build strong working relationships with peers, both within Investment Risk and with cross-functional teams
Attention to detail and focus on high-quality standards in line with market best practices
Ability to work under pressure and manage multiple tasks/transactions
Results oriented: accountability to meet scheduled milestones to ensure timely execution of the CIB’s mandate
Bilingual English/French, an asset
We thank you for your interest. Only those selected for further screening or an interview will be contacted.

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At the CIB, we are committed to diversity and equitable access to employment opportunities. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know at accessible@cib-bic.ca and we will work with you to meet your needs.

For more information on our company, visit www.cib-bic.ca.