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Commercial Risk Manager Jobs in Ontario (NOW HIRING)

... risk management services on major construction projects. * Commercial awareness with experience in business development, bidding, and winning work. * Effective communication and stakeholder ...

You will lead on the cost management services including estimating, procurement and cost planning ... Strong business development skills with commercial awareness, including cross-selling services ...

Commercial Manager

Toronto, ON · Hybrid

CA$140K - CA$170K/yr

Proven experience managing commercial risk and complex claims including managing variations, claims, and financial performance * Strong dispute resolution and negotiation capabilities, ability to ...

New

Manages risk-related issues including financial, reporting, IT security, Safety, Health and ... commercial management. * Understanding of various traditional and alternative contracting ...

New

... stakeholder management skills Strong strategic and commercial mindset Deep analytical and data ... risk Proven experience in [banking, payments, fintech, risk management] Proven experience in ...

... a seasoned commercial lending leader with credit risk experience currently in a smaller to mid-sized regulated financial institution who is looking for broader scope, to manage a team & have ...

... a seasoned commercial lending leader with credit risk experience currently in a smaller to mid-sized regulated financial institution who is looking for broader scope, to manage a team & have ...

VP Credit Risk

Toronto, ON · On-site

$140 - $240/hr

... a seasoned commercial lending leader with credit risk experience currently in a smaller to mid-sized regulated financial institution who is looking for broader scope, to manage a team & have ...

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Commercial Risk Manager information

How does a Commercial Risk Manager typically collaborate with other departments within an organization?

A Commercial Risk Manager works closely with various departments such as sales, finance, legal, and operations to identify, assess, and mitigate risks that could impact business objectives. This role often involves facilitating risk assessments, providing guidance on contract terms, and ensuring compliance with internal policies and external regulations. Effective communication and relationship-building are key, as the Commercial Risk Manager must translate complex risk concepts into actionable recommendations for different teams. Regular cross-functional meetings and risk reporting are common practices to keep all stakeholders informed and aligned.

What does a Commercial Risk Manager do?

A Commercial Risk Manager is responsible for identifying, assessing, and mitigating risks that could impact a company's business operations and profitability. They analyze internal and external factors, develop risk management strategies, and implement policies to minimize potential financial losses or legal liabilities. These professionals often collaborate with various departments to ensure compliance and maintain the organization's risk profile within acceptable limits.

What is the difference between Commercial Risk Manager vs Insurance Underwriter?

AspectCommercial Risk ManagerInsurance Underwriter
CredentialsTypically requires a bachelor's degree in business, finance, or risk management; professional certifications like CRM or RIMS are commonRequires a bachelor's degree in finance, economics, or related fields; certifications like CPCU or ARM are advantageous
Work EnvironmentWorks within companies to assess and mitigate risks related to commercial operationsWorks for insurance companies to evaluate and price insurance policies
Industry UsageUsed across industries to manage business risks and ensure financial stabilityPrimarily in insurance companies to determine policy terms and premiums

The Commercial Risk Manager and Insurance Underwriter roles share a focus on risk assessment and require similar credentials. However, the Risk Manager works internally to manage company risks, while the Underwriter evaluates risks to set insurance policies. Both roles are vital in their respective sectors and often collaborate to ensure comprehensive risk coverage.

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

To thrive as a Commercial Risk Manager, you need expertise in risk assessment, financial analysis, and a solid understanding of regulatory compliance, typically supported by a bachelor’s degree in finance, business, or related fields. Familiarity with risk management software, data analytics tools, and relevant certifications such as CRM (Certified Risk Manager) or FRM (Financial Risk Manager) is often required. Strong communication, problem-solving, and decision-making abilities help build trust with stakeholders and manage complex risk scenarios. These skills ensure the organization can proactively identify, evaluate, and mitigate potential risks, safeguarding company assets and supporting business growth.
What are popular job titles related to Commercial Risk Manager jobs in Ontario? For Commercial Risk Manager jobs in Ontario, the most frequently searched job titles are:
Infographic showing various Commercial Risk Manager job openings in Ontario as of July 2026, with employment types broken down into 100% Full Time. Highlights an 80% In-person, 5% Hybrid, and 15% Remote job distribution.
Risk Analyst

Full-time

Re-posted 10 days ago


Job description

At Mace, our purpose is to redefine the boundaries of ambition. We believe in creating places that are responsible, bringing transformative impact to our people, communities, and societies across the globe. To learn more about our purpose, culture, and priorities, visit our strategy site.

Within our consult business we harness our unique combination of leading-edge practical expertise and project deliveryconsultancy to unlock the potential in every project.  

The Project: This major national rail programme is focused on delivering a modern, electrified high-speed corridor that will strengthen connectivity between key urban centres. The scheme aims to significantly reduce journey times, enhance passenger capacity, and support long term decarbonisation goals. Development is progressing toward phased delivery over the next decade.

Our Values

Safety first - Going home safe and well: You will champion a safe, diverse and inclusive working environment, understanding the importance of wellbeing in your team and local health and safety rules or regulations of the work you're involved with.

Client focus - Deliver on our promise: You will lead on the cost management services including estimating, procurement and cost planning, owning the quality of deliverables, strategic outcomes and building long term relationships with your clients.

Integrity - Always do the right thing: You will lead operations that are fiscally and ethically viable, influencing the achievement of business objectives that align with business and legislative compliance obligations.

Create opportunity - For our people to excel: You will mentor, coach, and develop teams, demonstrating effective leadership to ensure excellence in delivery against plans, championing a continuous improvement culture throughout all activities.

You'll Be Responsible For:

  • Accountable for the risk management performance of assigned commission(s).

  • Creates/designs effective risk management framework(s)/strategy(s) on assigned commission(s).

  • Manages and directs Clients, consultants, contractors, project team on assigned commission(s) on all risk management matters. 

  • Partners with client meeting their expectations and building strong professional relationships. 

  • Provides expert advice and support to Project/Programme teams in the administration of the risk process, particularly with respect to the risks to achievement of key project objectives and escalation of risks.

  • Facilitates and drives the delivery of risk workshops.

  • Works with Project Managers to recognise opportunities and mitigations to minimise risk exposure.

  • Accountable for ensuring risk mitigation action plans are developed, risk and action owners appointed and that project plans are updated accordingly and monitored.

  • Leads and directs the delivery of Project/Programme Quantitative Risk Analysis (cost and time).

  • Comments on the adequacy of contingency as part of the regular reporting cycle as required.

  • Develops and delivers monthly risk reports, externally to the client and internally to the project team.

  • Ensures all activities/operations are carried out in line with Mace Control Centre, Client requirements and prevailing legislation.

  • Provides line management to team  and other Project/Programme members. 

  • Utilises expertise to mentor and assist the personal and career development of junior members of risk team.

  • Leads the integration of risk with PMO and Planning disciplines.

  • Supports the HUB Risk Lead with resourcing and recruitment for the assigned commission.                                                                                        

  • Works collaboratively towards the common goal of net zero carbon transition, and share responsibility for the proactive identification and management of the associated carbon emissions and reductions during the delivery of work.
     

You'll Need To Have:

  • Experience in providing effective risk leadership on complex construction projects.

  • Proven ability to establish and implement risk management and assurance frameworks and strategies.

  • Comprehensive knowledge of risk tools, techniques, and software (e.g., Active Risk Manager, riskHive, @RISK, Primavera Risk Analyzer).

  • Ability to manage activities with significant uncertainty in terms of solutions or outcomes.

  • Good understanding of construction projects, including dependencies and interfaces throughout the project lifecycle.

  • Strong sector-specific risk management expertise (e.g., rail, highways, nuclear, public sector, healthcare).

  • Minimum 5 years' experience delivering project risk management services on major construction projects.

  • Commercial awareness with experience in business development, bidding, and winning work.

  • Effective communication and stakeholder engagement skills, with the ability to influence and persuade.

  • Skilled in managing challenging behaviours and maintaining positive outcomes.

  • Resilient and robust when handling difficult situations and environments.

  • Degree in Risk Management, Engineering, Construction, Project Management, or a related discipline (or equivalent qualification or experience).
     

Note: The estimated salary for this position is 130,000 - 180,000 CAD. Starting salary may vary based on permissible, non-discriminatory factors such as experience, skills and qualifications.

Mace is an inclusive employer and welcomes interest from a diverse range of candidates. Even if you feel you do not fulfil all the criteria, please apply as you may still be the best candidate for this role or another role within our organisation.

We are also open to discussing part time, flexible, and hybrid working options if suitable with-in the role.