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Business Risk Manager Jobs in Ontario (NOW HIRING)

Royal Bank of Canada

Risk Manager

Toronto, ON · On-site

You will work closely with the business to measure and analyze counterparty credit risk for capital markets derivatives trading. Develop and implement counterparty credit risk management processes ...

Mace

Risk Manager

Toronto, ON · On-site

Within our consult business we harness our unique combination of leading-edge practical expertise ... Accountable for the risk management performance on assigned commission(s). * Creates/designs ...

Aecon Group Inc.

Risk Manager

Cambridge, ON · Hybrid

Our business success relies on strong execution and continuous improvement - driven by the ... Develop a project-specific Risk Management Plan for incorporation into the Project Controls Plan

SNC-Lavalin

Risk Manager

Mississauga, ON · Hybrid

Implement risk management activities in compliance with best business practice and corporate procedures. * Utilize corporate systems and tools to support processes. * Lead risk identification ...

Td

Group Risk Manager (ATH 4995)

Toronto, ON · On-site

CA$96K - CA$136K/yr

Toronto, Ontario, Canada Hours: 37.5 Line of Business: Risk Management Pay Details: $96,900 - $136,800 CAD TD is committed to providing fair and equitable compensation opportunities to all colleagues.

Gardiner & Theobald

Risk Management and Leadership: * Develop, implement and manage appropriate risk management ... Support resource planning and delivery oversight across multiple commissions Business Development ...

goeasy

Risk Manager (Risk & Analytics)

Mississauga, ON · On-site

CA$95K - CA$129K/yr

We're looking for a Risk Manager, Risk & Analytics to join a collaborative and forward‑thinking risk and analytics team that partners closely with senior leaders across the business. In this role ...

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Business Risk Manager information

How much does a risk manager get paid?

A business risk manager's average salary in the United States ranges from $80,000 to $130,000 annually, depending on experience, industry, and location. Senior risk managers or those with specialized certifications like FRM or CRM can earn higher salaries, often exceeding $150,000. Compensation also includes benefits such as bonuses and professional development opportunities.

What does a business risk manager do?

A business risk manager identifies, assesses, and mitigates potential risks that could impact an organization's operations, financial health, or reputation. They analyze data, develop risk management strategies, and implement policies to minimize threats, often using tools like risk assessment software and requiring certifications such as CRM or FRM. Their role involves continuous monitoring and communication with stakeholders to ensure business resilience.

How does a Business Risk Manager typically collaborate with other departments to address organizational risks?

As a Business Risk Manager, cross-functional collaboration is a key part of the role. You’ll regularly work with departments such as finance, compliance, operations, and IT to identify potential risks, assess their impact, and develop mitigation strategies. This often involves facilitating risk assessment workshops, sharing reports, and ensuring that risk controls are integrated into business processes. Effective communication and relationship-building skills are essential, as you’ll act as a bridge between senior management and operational teams to align risk management efforts with organizational goals.

Do risk managers make good money?

Risk managers, including business risk managers, typically earn competitive salaries that vary based on experience, industry, and location. According to industry reports, median annual salaries range from $80,000 to over $130,000, with higher earnings possible for those with advanced certifications like CRM or FRM. The role often requires strong analytical skills and knowledge of risk assessment tools.

What is the difference between Business Risk Manager vs Risk Analyst?

AspectBusiness Risk ManagerRisk Analyst
CredentialsCertifications like CRM, FRM, or CRC; bachelor's degree in business, finance, or related fieldCertifications such as FRM or CRM; bachelor's degree in finance, economics, or related field
Work EnvironmentStrategic planning, risk assessment, and policy development in corporate settingsData analysis, risk modeling, and reporting in finance or insurance firms
Employer & IndustryCorporations, financial institutions, insurance companiesFinancial services, consulting firms, insurance companies

The Business Risk Manager focuses on developing risk strategies and policies at a strategic level, while the Risk Analyst primarily conducts data analysis and risk assessments. Both roles require similar certifications and often work within the same industries, but their responsibilities differ in scope and focus.

What is the highest salary for a risk manager?

The highest salary for a business risk manager can exceed $150,000 annually, especially for those with extensive experience, advanced certifications, or leadership roles in large organizations. Senior risk managers or directors in financial services, insurance, or consulting firms tend to earn the highest compensation. Salary levels also depend on geographic location, industry, and the complexity of risk management responsibilities.

What are the key skills and qualifications needed to thrive as a Business Risk Manager, and why are they important?

To thrive as a Business Risk Manager, you need strong analytical skills, risk assessment expertise, and a background in finance, business, or a related field, often backed by a bachelor's degree or higher. Familiarity with risk management frameworks, regulatory compliance systems, and certifications like FRM (Financial Risk Manager) or CRM (Certified Risk Manager) is typically required. Exceptional communication, problem-solving, and stakeholder management skills help you effectively identify, mitigate, and communicate risks across an organization. These competencies are crucial for proactively managing threats, ensuring regulatory compliance, and supporting the long-term stability and success of the business.
What are popular job titles related to Business Risk Manager jobs in Ontario? For Business Risk Manager jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Business Risk Manager jobs in Ontario look for? The top searched job categories for Business Risk Manager jobs in Ontario are:
Business Risk Manager jobs near you
Infographic showing various Business Risk Manager job openings in Ontario as of July 2026, with employment types broken down into 82% Full Time, 15% Part Time, and 3% Contract. Highlights an 91% Physical, 2% Hybrid, and 7% Remote job distribution.
Senior Manager Business Risk

Senior Manager Business Risk

Royal Bank of Canada

Toronto, ON • On-site

Full-time

Posted 5 days ago

Job description

Job Description

What is the opportunity?

Reporting to the Director of Business Risk for RBC Wealth Management and being embedded in WM's 1st line of defense, the Senior Manager Business Risk is a trusted Business Risk adviser to Senior Leaders in WM in general and the WM Strategy, Products & Digital Investing (SP&D) team in particular.

The Senior Manager will help the Director develop, implement, and sustain RBC's Operational Risk Framework ensuring alignment with the Enterprise ORM strategy for the management of Operational Risk (ORM). You will guide Business Risk management leadership within SP&D including providing expertise, advice and counsel to senior management, enhancing their ability to anticipate and manage business risk effectively. The WM units specifically supported are Direct Investing & InvestEase, Global Credit and Banking Solutions, Global Investments, Strategy & Transformation; Digital; and Data & AI.

What will you do?

  • Develop, implement, and comply with the Operational Risk Framework in WM specifically for the WM Strategy, Products & Digital Investing (SP&D) team. Responsible for planning, developing, and executing on all aspects of the Operational Risk practice for the businesses outlined above.
  • Lead the 1st line execution of the RCM program in coordination with the businesses & Compliance. Establish and implement appropriate oversight to ensure that RCM policies are being adhered to and exceptions are escalated to the Director.
  • Implement the enhancements to RBC's Internal Control Management Policy in SP&D. Act as delegate to support control assessments and annual attestations to assist lines of businesses in meeting their ongoing Internal Controls Management Policy (ICMP) and Regulatory Compliance Management (RCM) and obligations.
  • Drive innovation in control design and control testing methods, working with control owners to leverage automation and data to modernize controls testing. Manage the rolling 12-month plan to ensure annual assessments are performed on time.
  • Implement the enhancements to RBC's Risk and Control Self-Assessment program in SP&D including the establishment of Risk Register, Risk statements and aggregation of digitized RCSA.
  • Support the Director in the development, tracking and reporting of Risk Appetite for WM globally.
  • Support Director in the development, tracking and reporting of Key Risk Indicator (KRI) for all BU/FUs within SP&D.
  • Responsible for guiding the team in complying with RBC's Issues Management framework and Project engagement.
  • Provide expert feedback on the Operational Risk impact of major change initiatives, process improvements, and transformational projects.
  • The successful candidate will maintain critical linkages with Centres of Governance, 2LoD Operational Risk (GRM OR), Compliance, and other critical areas of dependency for SP&D to facilitate the exchange of information and integrated solutions to operational risk issues.
  • Performing Root Cause analysis of major events, Product risk reviews and IRPs.
  • Attend specific WM SP&D Operating Committees and other Governance forums as the risk SME and as delegate of the Director.
  • Act as a center of excellence for education and advocacy of information on RBC's Operational Risk management practices and programs to foster sound operational risk management in WM.

What do you need to succeed?

Must Have

  • 5-8 years of combined knowledge, skill, and background in Wealth Management Brokerage, P&CB, Operational Risk, Audit or Compliance functions.
  • University Degree and recognized Industry Qualifications - Securities / Options / Futures/Investment Management or equivalent courses.
  • Strong problem solving, analytical (including qualitative and quantitative analysis) and research skills are essential as well as advanced desktop skills (e.g. excellent knowledge of Microsoft Office, Tableau , PowerPoint).
  • Ability to deal effectively with senior management and multiple stakeholders.
  • Strong communication and writing skills with the ability to present information effectively.
  • Consulting mindset with focus on making strategically aligned business recommendations.
  • Professional designation such as an MBA, CPA, CFA.

Nice to Have

  • Excellent knowledge of Wealth Management and P&CB products, processes, and organization.
  • Strong knowledge of Direct Investing and Direct Investing businesses and related front-office and back-office activities.
  • Experience in securities operations within one or more businesses in WM or comparable businesses. Experience supporting Canadian investment dealers, trading.
  • Familiarity with Canadian Investment Regulatory Organization (CIRO) rules and requirements.

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation.
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact.
  • Work in a dynamic, collaborative, progressive, and high-performing team.

Job Skills

Communication, Financial Instruments, Fraud Risk Management, Long Term Planning, Operational Risks, Risk Control, Risk Management, Waterfall Model

Additional Job Details

Address:

180 WELLINGTON ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

WEALTH MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-05-12

Application Deadline:

2026-07-17

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

Employment Type: FULL_TIME

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