Overview
Vice President, Credit & Asset Management Jobs in Toronto, Canada at Canada Development Investment Corporation (CDEV)
Canada Development Investment Corporation (“CDEV”) is a self‑sustained federal Crown corporation that has become the entity of choice for critical financial transactions needed to help the federal government achieve its goals and maximize the value of its corporate assets. With a more than 40-year long history of operations, CDEV has seen its mandate expand over time to provide a breadth of financial advisory services and expertise to support the country’s broader economic objectives.
Acting as a bridge between government objectives and the private sector, CDEV is positioned as the Government’s centre of excellence for financial advisory, and brings a commercial discipline to the evaluation, management, and divestiture of assets as well as other initiatives it executes in partnership with the Government of Canada.
CDEV provides a unique and valuable perspective with deep financial expertise to the country’s most complex and diverse commercial transactions. Headquartered in Toronto with an office in Ottawa and subsidiary offices across the country, it is governed by an independent board of directors. CDEV has five key pillars of expertise:
- Managed Assets
- Capital & Funding Solutions
- Special Situations & Strategic Reviews
CDEV is responsible for the oversight of over $75 billion of assets and programs through its eight subsidiaries, forming the CDEV Group of Companies. Its high‑profile roles in recent years include the purchase and ongoing management of the Trans Mountain pipeline, the establishment of the $15‑billion Canada Growth Fund, and the establishment and operation of the Large Employer Emergency Financing Facility (LEEFF) program, which provided over $7 billion in structured bridge financing to large Canadian companies who were impacted by the COVID‑19 pandemic.
The CDEV Group of Companies continues to grow with CDEV having been mandated to lead the delivery of the $10‑billion federal Indigenous Loan Guarantee Program and the $10 billion Large Enterprise Tariff Loan (LETL) facility as well as structure a significant financing agreement with Telesat to support Canada’s largest ever space program.
Position Overview and Responsibilities
CDEV is seeking a Vice President, Credit & Asset Management to build and lead an enterprise‑wide credit monitoring and portfolio oversight function serving CDEV and its subsidiaries. This role will establish a centralized team and consistent methodologies to monitor credit exposures, manage credit risk reporting, and ensure that credit risk is assessed, escalated, and governed effectively across diverse portfolios.
The VP, Credit & Asset Management will be responsible for designing and implementing a scalable credit monitoring framework across multiple subsidiaries and mandates, including (but not limited to):
- Telesat lender / structured financing exposures;
- CEEFC loan and credit facilities;
- CILGC / Indigenous Loan Guarantee Program (guarantee‑based exposures); and
- Future subsidiaries or government mandates as they are incorporated and/or requested.
This role is not intended to replace deal teams or make final lending decisions. However, it will provide critical independent credit input at both the pre‑close and post‑close stages — including risk assessments, covenant and performance monitoring, early warning triggers, remediation options, and structured reporting to senior management and as needed, the Audit Committee.
The selected candidate will be based in Toronto, with a current policy of a hybrid work option of Mondays and Fridays designated as optional Work‑From‑Home days.
Key Responsibilities
1. Enterprise Credit Monitoring & Asset Management Build‑Out
- Build a centralized Credit & Asset Management function to serve all relevant subsidiaries, including team structure, job roles, workflows, and performance expectations.
- Establish consistent monitoring practices across portfolios, including onboarding, monitoring, reporting, and escalation processes.
- Ensure each exposure has a clear monitoring cadence, reporting package, covenant checklist, and early warning indicator set.
2. Credit Governance, Policy & Methodology Ownership
- Own and maintain CDEV’s enterprise‑wide credit…
Title: Vice President, Credit & Asset Management
Company: Canada Development Investment Corporation (CDEV)
Location: Toronto, Canada
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