Job Title

Canada Development Investment Corporation (CDEV) is a selfsustained 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 countrys broader economic objectives. Acting as a bridge between government objectives and the private sector, CDEV is positioned as the Governments 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 countrys 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 highprofile roles in recent years include the purchase and ongoing management of the Trans Mountain pipeline, the establishment of the $15billion 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 COVID19 pandemic. The CDEV Group of Companies continues to grow with CDEV having been mandated to lead the delivery of the $10billion 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 Canadas largest ever space program. Position Overview and Responsibilities CDEV is seeking a Vice President, Credit & Asset Management to build and lead an enterprisewide 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 (guaranteebased 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 preclose and postclose 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 WorkFromHome days. Key Responsibilities 1. Enterprise Credit Monitoring & Asset Management BuildOut 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 CDEVs enterprisewide credit and monitoring policies, standards, and governance framework. Establish a consistent credit risk rating / scorecard methodology across CDEV, with tailored variations for different subsidiary realities (e.g., structured loans vs. guarantees). Develop standardized escalation triggers and reporting thresholds (e.g., watchlist, stage migration, covenant breach, deterioration triggers). 3. IFRS9 / ECL Oversight and Implementation Governance Own the enterprise ECL framework, including methodology governance, staging principles, model oversight, documentation, and reporting outputs. IFRS9 financial reporting needs, and Oversee (not personally perform) modeling work, ensuring it is fitforpurpose, well documented, and consistently applied. 4. Moodys Tooling and Credit Infrastructure Leadership Own the ongoing maturity and integration of Moodys toolset and workflows across CDEV and subsidiaries, including: Moodys EDFX (EDFx) Ensure consistent data inputs, model governance, and workflow integration across subsidiaries. Partner with IT and Finance to strengthen automation, data integrity, audit trails, and reporting outputs. 5. Portfolio Reporting, KPIs, and Executive Updates Produce consistent and decisionuseful reporting for: CFO and senior management subsidiary leadership teams credit committees (existing or newly formed) Audit Committee updates as required FRS9 staging and ECL movements concentration and exposure limits stress testing and sensitivity analysis early warning indicators and emerging risks Provide remediation options and risk mitigation strategies when deterioration is identified. 6. Credit Committee Leadership (Current or FutureState) Stand up and operate a structured Credit Monitoring Committee (or equivalent) as CDEVs portfolio grows, including: Terms of reference escalation pathways decisionsupport materials Ensure that credit risk discussions are documented, auditable, and consistently governed. 7. CrossEntity Stakeholder Management Act as a senior advisor to subsidiary CEOs, deal teams, Finance, Legal, and external advisors on credit monitoring expectations and emerging portfolio risks. Ensure effective transition of deals from execution teams to monitoring teams at close (handover packages, model transfer, reporting calendars). Support remediation and restructuring processes through analysis, options framing, and risk impact assessment. 8. Leadership & Stakeholder Management Lead a finance transformation office (project managers, analysts, process owners). Serve as senior liaison between Finance, IT, ELT, audit, and subsidiary leadership. Provide executiveready communication, steering materials, risk reporting, and benefits realization updates. Qualifications Required CPA, CFA, FRM, or equivalent senior credit credentials strongly preferred. Undergraduate degree required; graduate degree (MBA, MFin, etc.) is an asset. 1215+ years of progressive experience in: credit risk; structured finance / project finance; comparable creditintensive environment. Demonstrated experience leading or building a credit monitoring function across multiple portfolios or business units. Strong familiarity with IFRS9 and ECL frameworks, including governance, documentation, staging logic, and model oversight. Proven ability to translate credit analytics into executivelevel reporting and decision support. Experience working with enterprise credit tools and workflows; familiarity with Moodys EDFX and ImpairmentStudio is a strong asset. Demonstrated success in credit & asset/portfolio management systems modernization and/or operating model redesign. Proven ability to drive adoption and influence across executive stakeholders and operational teams. Strong leadership presence and ability to build a function from the ground up. High judgment and ability to operate in ambiguous, bespoke deal environments. Excellent communication skills capable of briefing senior executives and Boards. Comfortable working across multiple entities with different mandates, structures, and stakeholders. Experience in Crown corporations / public sector / highly regulated environments is an asset. Leadership Attributes Integrity and Accountability Demonstrates sound ethics, judgment, and responsibility for financial accuracy and transparency. Strategic Agility Connects detailed financial reporting to enterprise-level strategy and decisionmaking. Team Builder Develops talent, empowers direct reports, and fosters collaboration across teams and subsidiaries. Change Leadership Leads modernization and process improvements across finance systems and reporting practices. Communication Clearly conveys complex financial information to both financial and nonfinancial stakeholders. #J-18808-Ljbffr