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Counterparty Risk Jobs in Ontario (NOW HIRING)

Royal Bank of Canada

Risk Manager

Toronto, ON

As Risk Manager in the Counterparty Credit Risk Analysis and Measurement team, you are responsible for a wide range of things from running derivative credit sizing to deep dives into the risk profile ...

CIBC

Senior Director, Trading Credit Risk

Toronto, ON · Hybrid

Counterparty Credit Risk Oversight -Liaise the management and adjudication of counterparty credit risk ensuring effective identification, measurement, and monitoring in line with CIBC's risk policies ...

The Consumer Goods Forum

Manager Treasury

Toronto, ON

CA$120K - CA$130K/yr

Strong understanding of liquidity risk, counterparty risk, and funding risk * Familiarity with stress testing, scenario analysis, and capital/liquidity contingency planning * Strong communication ...

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All JobsCounterparty Risk JobsCounterparty Risk Jobs in Ontario

Counterparty Risk information

See Ontario salary details

$17

$56

$128

How much do counterparty risk jobs pay per hour?

As of Jul 1, 2026, the average hourly pay for counterparty risk in Ontario is $56.63, according to ZipRecruiter salary data. Most workers in this role earn between $35.58 and $62.98 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in Counterparty Risk, and why are they important?

To excel in Counterparty Risk, you need a solid background in finance, quantitative analysis, and risk management, often supported by a degree in finance, economics, or a related field. Familiarity with risk assessment tools, financial modeling software, and systems like Bloomberg or Moody’s Analytics is typically required. Strong analytical thinking, attention to detail, and effective communication skills help professionals interpret data and present risk findings clearly. These competencies are crucial for accurately assessing counterparties’ creditworthiness and protecting organizations from potential financial losses.

What is counterparty risk?

Counterparty risk, also known as default risk, is the possibility that the other party in a financial transaction may not fulfill their contractual obligations. This risk is commonly found in trading, lending, and derivative contracts, where one party could default on payments or fail to deliver assets. Financial institutions often manage counterparty risk by assessing creditworthiness, setting exposure limits, and using collateral. Understanding and mitigating counterparty risk is crucial for maintaining stability in financial markets.

What is the difference between Counterparty Risk vs Credit Analyst?

AspectCounterparty RiskCredit Analyst
Primary FocusAssessing the risk of a counterparty defaulting on a financial obligationEvaluating the creditworthiness of individual borrowers or companies
Required CredentialsFinancial certifications, risk management trainingFinance, economics degrees, credit certifications
Work EnvironmentBanking, investment firms, risk management departmentsBanks, lending institutions, credit agencies
Industry UsageHigh in banking, trading, and financial servicesCommon in banking, lending, and credit sectors

While both roles involve financial analysis, Counterparty Risk focuses on assessing the risk of a counterparty defaulting, often in trading or derivatives, whereas Credit Analysts evaluate individual or corporate creditworthiness for lending decisions. Both roles require financial expertise and are vital in risk management within financial institutions.

How does a Counterparty Risk professional typically collaborate with other departments to manage and mitigate risk exposures?

Counterparty Risk professionals work closely with teams such as Front Office, Credit Risk, Legal, and Operations to ensure a thorough assessment and management of risk exposures arising from trading or lending relationships. They are involved in reviewing and approving credit limits, monitoring ongoing exposures, and participating in stress testing exercises. Regular cross-team meetings and communication are essential to stay updated on client developments or market changes that could impact counterparty risk, fostering a collaborative environment that supports informed decision-making and effective risk mitigation.
What are popular job titles related to Counterparty Risk jobs in Ontario? For Counterparty Risk jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Counterparty Risk jobs in Ontario look for? The top searched job categories for Counterparty Risk jobs in Ontario are:
Counterparty Risk jobs near you
Infographic showing various Counterparty Risk job openings in Ontario as of June 2026, with employment types broken down into 1% As Needed, 96% Full Time, and 3% Part Time. Highlights an 81% Physical, 11% Hybrid, and 8% Remote job distribution, with an average salary of $117,793 per year, or $56.6 per hour.
Senior Manager, Counterparty Credit Risk

Senior Manager, Counterparty Credit Risk

Scotiabank

Toronto, ON • On-site

Other

Posted 27 days ago

Job description

Requisition ID: 260154 
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

A key member of the Counterparty Credit Risk group that has responsibility for providing risk oversight on counterparty credit risk arising from derivatives and securities financing transactions executed by the capital markets businesses in the bank globally. 

The CCR group is a centralized function responsible for identifying signs of credit deterioration in the trading product portfolio, measuring, monitoring, and reporting a variety of metrics associated with counterparty credit risk and escalating when exposures grow beyond established risk appetite. The incumbent is also responsible for keeping up-to-date with industry best practices and regulatory expectations.


Is this role right for you? In this role, you will:  

  • Provide counterparty credit risk oversight including the reporting and analysis of the following counterparty related information:
  • Provide independent quantitative and qualitative analysis of counterparty risk and insights for risk mitigation including correlation risks such as wrong-way risk (general and specific), as well as on the credit quality of collateral, concentration, and liquidity risks.
  • Exposure monitoring of counterparty credit risk arising from OTC derivatives and securities financing transactions.
  • Lead and develop two direct reports, including coaching and performance management.
  • Act as advisory to Credit Officers on distressed counterparties; identify and analyze leading indicators of emerging risks.
  • Provide analysis of market events on portfolio and counterparty risk, support Executive-level, Board, regulatory and other key CCR reporting of counterparty risk.
  • Develop a strong relationship and interface frequently with Management, Credit, Banking, Front Office, and other key stakeholders on various CCR matters.
  • Produce ongoing regulatory reporting and contribute to ad-hoc regulatory requests.
  • Assist with managing CCR policies.
  • Manage the development of reporting and analysis systems and business intelligence tools. 

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:   

  • 5-10 years direct experience in market risk and/or credit risk of traded products.
  • Excellent grasp of counterparty credit risk metrics and underlying drivers / assumptions.
  • Advanced knowledge of derivative products valuation, trading businesses and markets.
  • Proven experience managing and developing high-performing teams in a complex environment.
  • Strong communication, quantitative and analytical abilities to identify issues and to debate different approaches with various stakeholders.
  • Strategic influencing and relationship building skills are required.
  • University degree in a business-related field. CFA/FRM certification is desirable.
  • Advanced knowledge of Power BI, Python, SQL and Unix is an asset.

What's in it for you?

  • The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development
  • Internal training to support your growth and enhance your skills.
  • An inclusive working environment that encourages creativity, curiosity, and celebrates success!
  • The tools needed to create best-in-class student candidate experiences.

Location(s):  Canada : Ontario : Toronto 
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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