Senior Associate, Business Lending in Toronto

Build something people love. Wealthsimple is Canada’s leading financial innovator. The company offers a full suite of simple, sophisticated financial products across managed investing, do-it-yourself trading, cryptocurrency, tax filing, spending and saving. Wealthsimple currently serves more than 4 million Canadians and holds over $155 billion in assets under administration.

About the team: At Wealthsimple, we aren't just managing portfolios; we're rewriting the rules of how Canadians interact with credit. The Credit Analytics team owns Wealthsimple's lending ecosystem, operating at the intersection of high-growth tech and data-driven underwriting. Our mission is to challenge the status quo, building inclusive products that empower millions of Canadians and the businesses they run to lead better financial lives.

About the role: We are looking for a Senior Associate to own credit policy for our business lending products, starting with a business credit card — from adjudication through the full account lifecycle. You will design and implement the underwriting framework that determines who qualifies and at what limit, build the line management strategies that govern how those limits evolve, and partner closely with collections to manage risk once accounts are on book.

In this role, you will have the opportunity to:

• Build a new lending program from the ground up with the breadth to see every part of it, from policy to funding.
• Design and own the adjudication policy for a new business credit card, including entity-level underwriting criteria, principal/guarantor assessment, joint-liability, initial limit-setting, and approval decisioning.
• Own line management strategy for business credit products: credit limit increases and decreases, pricing, authorization rules, and active exposure management driven by cash-flow and balance monitoring.
• Partner with the collections team to design risk-managed treatment strategies specific to business accounts.
• Evaluate the performance of the business lending portfolio and your policies, using vintage analysis, cohort tracking, and champion/challenger testing to validate and refine underwriting decisions.
• Propose policy enhancements that improve marginal profitability while keeping risk within appetite.
• Help define the data and underwriting infrastructure needed for SMB lending.
• Influence roadmaps across partner teams and implement policy that drives measurable impact.

We're looking for someone who:

• Has direct experience underwriting or setting credit policy for small and medium-sized businesses.
• Writes SQL hands-on to self-serve data and build monitoring and analytics.
• Brings credit discipline to a ship-and-iterate environment.
• Can turn analysis into a clear recommendation for technical and non-technical audiences.
• Is intellectually curious, passionate about their work, and wants ownership over their projects.

Preferred qualifications:

• 5+ years of experience in small business lending.
• Knowledge of Canadian consumer credit bureau data (Equifax, TransUnion).
• Working knowledge of how business credit risk differs from consumer credit risk.
• Experience across the credit lifecycle: adjudication policy, line management, pricing, and collections strategy.
• Experience with statistical/quantitative analysis.
• Experience with Python, and GitHub.

Why Wealthsimple? Top-tier health benefits and life insurance, long-term group savings with employer match, vacation days, wellness days, and unlimited sick and mental health days per year. We are a hybrid team with over 1,500 employees across North America.

Inclusion Statement: We're building products for a diverse world, and we need a diverse team to do it well. We strongly encourage applications from everyone, regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status.

Accessibility Statement: We're committed to an accessible hiring experience. If you need any accommodations throughout the interview process, please let us know.