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Associate Risk Analyst Jobs in Ontario (NOW HIRING)

National Bank

A career as an Associate Director, Liquidity Risk within the Liquidity and Funding Risk Oversight ... Deliver meaningful analysis and recommendations that support decision-making by senior management ...

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PwC

Data Risk Management, Senior Associate

Ottawa, ON

CA$65K - CA$109K/yr

... analytics and technology-enabled solutions to solve complex business problems. Our team helps ... As a Senior Associate in the Data Risk Management team, unlock your potential and embrace the ...

Capital One

Associate, Strategy Analyst

Toronto, ON · On-site

161 Bay Street (93021), Canada, Toronto,Toronto, Ontario, Associate, Strategy Analyst Associate ... creating risk models, and testing hypotheses using rigorous monitoring and analysis. Basic ...

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All JobsAssociate Risk Analyst JobsAssociate Risk Analyst Jobs in Ontario

Associate Risk Analyst information

See Ontario salary details

$11

$37

$69

How much do associate risk analyst jobs pay per hour?

As of Jul 1, 2026, the average hourly pay for associate risk analyst in Ontario is $37.01, according to ZipRecruiter salary data. Most workers in this role earn between $25.00 and $45.91 per hour, depending on experience, location, and employer.

What are some common challenges an Associate Risk Analyst faces during the first year on the job?

New Associate Risk Analysts often encounter challenges such as adapting to fast-paced environments, understanding complex risk models, and learning to interpret large volumes of data accurately. Balancing multiple projects and meeting deadlines while maintaining attention to detail can also be demanding. Additionally, collaborating effectively with team members from different departments, such as compliance and finance, requires strong communication skills and a willingness to learn from experienced colleagues.

What does an Associate Risk Analyst do?

An Associate Risk Analyst helps organizations identify, assess, and manage potential risks that could affect their operations or financial stability. Their daily tasks often include analyzing data, preparing risk reports, evaluating risk management policies, and supporting senior analysts in developing strategies to mitigate potential threats. They typically work in industries such as finance, insurance, or consulting, and use various analytical tools to detect and evaluate risks. Strong analytical, communication, and problem-solving skills are important for success in this role.

What are the key skills and qualifications needed to thrive as an Associate Risk Analyst, and why are they important?

To thrive as an Associate Risk Analyst, you need strong analytical abilities, attention to detail, and a background in finance, economics, or a related field—often supported by a bachelor’s degree. Familiarity with risk assessment software, data analysis tools like Excel or SAS, and knowledge of regulatory frameworks are typically required. Effective communication, problem-solving, and teamwork are vital soft skills that help you convey findings and collaborate across departments. These skills ensure accurate risk evaluation, compliance, and informed decision-making to protect organizational interests.

What qualifications do I need to be a risk analyst?

To become an associate risk analyst, candidates typically need a bachelor's degree in finance, economics, statistics, or a related field. Strong analytical skills, proficiency in data analysis tools like Excel or SQL, and knowledge of risk management principles are also important. Certifications such as the Financial Risk Manager (FRM) or Professional Risk Manager (PRM) can enhance job prospects.

How much do risk analysts get paid?

Risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, education, and location. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn over $100,000 annually.

What jobs in the US pay 300,000 a year?

For an Associate Risk Analyst, earning $300,000 annually is uncommon; such high salaries are typically associated with executive-level roles, senior risk management positions, or specialized financial roles like chief risk officer or senior quantitative analyst. These positions often require extensive experience, advanced certifications, and leadership responsibilities within financial institutions or large corporations.

What is the difference between Associate Risk Analyst vs Risk Analyst?

AspectAssociate Risk AnalystRisk Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; some certifications like FRM or CRMBachelor's or master's degree; often holds certifications like FRM, CRM, or CRC
Work EnvironmentEntry-level position in finance, insurance, or banking firms; supervised environmentMore experienced role; involved in complex risk assessments and decision-making
Employer & Industry UsageCommon in banking, insurance, and financial servicesUsed across similar industries, often with more responsibility

The main difference between an Associate Risk Analyst and a Risk Analyst lies in experience and responsibility. The Associate Risk Analyst is an entry-level role focusing on supporting risk assessments, while the Risk Analyst handles more complex analysis and decision-making. Both roles require similar educational backgrounds and certifications, but the Risk Analyst typically has more experience and autonomy in their work.

Is risk analyst an entry level job?

A risk analyst position can be entry-level or require experience, depending on the company and industry. Entry-level risk analyst roles typically require a bachelor's degree in finance, economics, or a related field, and may involve on-the-job training with basic analytical tools. More advanced roles may require several years of experience or specialized certifications such as FRM or CRM.
What are the most commonly searched types of Risk Analyst jobs in Ontario? The most popular types of Risk Analyst jobs in Ontario are:
What are popular job titles related to Associate Risk Analyst jobs in Ontario? For Associate Risk Analyst jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Associate Risk Analyst jobs in Ontario look for? The top searched job categories for Associate Risk Analyst jobs in Ontario are:
What cities in Ontario are hiring for Associate Risk Analyst jobs? Cities in Ontario with the most Associate Risk Analyst job openings:
Associate Risk Analyst jobs near you
Infographic showing various Associate Risk Analyst job openings in Ontario as of June 2026, with employment types broken down into 43% Full Time, and 57% Part Time. Highlights an 32% In-person, and 68% Hybrid job distribution, with an average salary of $76,990 per year, or $37 per hour.

Associate Manager, Risk and Operations

EQ Bank | Equitable Bank

Toronto, ON

Full-time

Posted 15 days ago

Job description

Purpose of the Job:
The Associate Manager, Risk and Operations, supports the execution of risk management, operational processes and product-related activities within the Reverse Mortgage team reporting directly to the Senior Manager, Risk and Operations. The role focuses on implementing established procedures, supporting day-to-day operations, and contributing to risk monitoring and continuous improvement initiatives.
 
The Associate Manager works closely with cross-functional partners (Credit Risk, Operational Risk, Legal and Compliance, and Strategy) to ensure adherence to policies, regulatory requirements, and internal standards, while supporting efficient and consistent delivery of business operations. 
Main Responsibilities:

Team and Operational Support:
Support day-to-day team operations, including daily tasks, monthly and quarterly reporting
Support in the development of risk strategy for the reverse mortgage business, including 
forecasting, key insights, recommendations and planning
Drive projects and initiatives with internal stakeholders, often independently, and operate 
within our risk appetite, regulatory guardrails and internal policies
Support all testing, including UAT and BVT support for changes


Risk, Controls and Regulatory support:
Support the implementation and execution of risk and control frameworks within the business 
unit
Identify operational risks, control gaps or weaknesses and process inefficiencies
Participate in root cause analysis and support development of mitigation actions
Maintain documentation of processes, controls, and standard operating procedures.
Support AML, fraud, privacy and regulatory assessments as required
Assist in regulatory change management activities, including testing and documentation

Credit and Portfolio Monitoring:
Assist in monitoring portfolio trends, including exceptions trends, Key Risk Indicators, and 
default
Prepare periodic reports and dashboards to support decision-making
Escalate emerging risks or unusual trends to management
Support regulatory activities such as reporting, re-appraisal process, and portfolio monitorin

Knowledge/Skill Requirements: 
A University degree in Business/Finance preferred
A minimum of five years' experience in a Canadian financial institution.
A minimum of three to five years in a related role pertaining to residential mortgage or reverse 
mortgage origination (underwriting and operational). 
Sound understanding of banking products in Canada
Understanding of the related regulatory requirements (OSFII B20, AML/ATF)
PC skills including Microsoft Outlook, Word, Excel, Power Point, related applications and other 
software applications used within the organization.
Excellent organizational skills and ability to complete responsibilities in a busy and time-sensitive 
environment. 
Strong analytical skills.
Strong verbal and written communication skills.
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