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Director Financial Risk Management Jobs in Toronto, ON

Bmo

Managing Director, Risk Governance

Toronto, ON · On-site

University degree in business, finance, economics, law, risk management, or a related discipline; advanced degree and/or relevant professional designation considered an asset. * 8+ years of ...

Omers

Analyst, Total Plan Risk Management

Toronto, ON

CA$86K - CA$130K/yr

Ability to understand and apply financial, statistical, and risk concepts to investment-related ... Investment & Risk Management Experience * Previous experience, including co-op or internship ...

BGIS

Manager, Global Risk Management

Toronto, ON · On-site

$82.43 - $103.04/hr

Works with regional finance departments to ensure premium financials are communicated and invoice ... Conducts insurance risk assessment Claims Management * Oversees the global Claims Management and ...

Scotiabank

Manager, Funds Risk Management

Toronto, ON · On-site

As a Manager, you will be a key member of the Funds Risk Management team who is responsible for credit risk adjudication and ongoing monitoring of the financial health of the Hedge Funds portfolio.

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Director Financial Risk Management information

What does a director of financial risk management do?

A Director of Financial Risk Management is responsible for identifying, assessing, and mitigating financial risks that could impact an organization’s profitability and operations. They develop and implement risk management strategies, policies, and procedures to manage risks related to market fluctuations, credit, liquidity, and regulatory compliance. This role often involves working closely with senior executives, analyzing financial data, and ensuring the company adheres to risk-related regulations and standards. The director also leads a team of risk analysts and collaborates with other departments to promote a risk-aware culture throughout the organization.

What are the key skills and qualifications needed to thrive as a director of financial risk management, and why are they important?

To thrive as a Director of Financial Risk Management, you need deep expertise in finance, risk assessment, and regulatory compliance, often supported by a degree in finance or a related field and several years of relevant experience. Familiarity with risk modeling software, advanced Excel, and certifications such as FRM (Financial Risk Manager) or CFA are typically required. Strong analytical thinking, leadership, and effective communication are crucial soft skills for influencing stakeholders and managing teams. These skills ensure prudent risk oversight, regulatory adherence, and strategic decision-making to protect the organization's financial health.

What are the main challenges a director of financial risk management faces when aligning risk strategies across multiple departments?

A Director of Financial Risk Management often encounters the challenge of ensuring consistent risk assessment and mitigation strategies across various business units, each with its own priorities and risk appetites. This requires strong communication skills and the ability to build consensus among stakeholders, as well as staying current with regulatory changes and industry standards. Balancing the need for robust risk controls with the organization's overall business objectives can be complex, but collaboration with finance, operations, and compliance teams is key to implementing effective, enterprise-wide risk policies.

What is the difference between Director Financial Risk Management vs Risk Analyst?

AspectDirector Financial Risk ManagementRisk Analyst
CredentialsTypically requires advanced degrees (MBA, CFA), extensive experienceBachelor's or master's degree, relevant certifications (FRM, CFA)
Work EnvironmentStrategic leadership, executive meetings, cross-department collaborationData analysis, risk assessment, reporting
Employer & Industry UsageFinancial institutions, corporations, investment firmsBanks, insurance companies, asset management firms

The main difference is that the Director Financial Risk Management oversees risk strategies at an executive level, focusing on high-level decision-making, while Risk Analysts perform detailed risk assessments and data analysis to support those strategies. The director has broader responsibilities and requires more experience and credentials.

What does a director of financial risk management make?

A director of financial risk management typically earns a salary ranging from $120,000 to $200,000 annually, depending on experience, industry, and location. They often receive bonuses and benefits, and the role requires strong analytical skills, knowledge of financial instruments, and risk assessment tools.

What are popular job titles related to Director Financial Risk Management jobs in Toronto, ON?

For Director Financial Risk Management jobs in Toronto, ON, the most frequently searched job titles are:

What job categories do people searching Director Financial Risk Management jobs in Toronto, ON look for?

The top searched job categories for Director Financial Risk Management jobs in Toronto, ON are:

Director Financial Risk Management jobs near you
Infographic showing various Director Financial Risk Management job openings in Toronto, ON as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 14% Part Time, and 3% Contract. Highlights an 88% Physical, 3% Hybrid, and 9% Remote job distribution.

Senior Analyst, Enterprise Risk Management (Third-Party Risk & Regulatory Initiative Focus)

TMX Group

Toronto, ON • Hybrid

Full-time

Posted 19 days ago

Key responsibilities

  • Support the development and implementation of the Third-Party Risk Management (TPRM) governance framework and ensure alignment with risk appetite.

  • Assist in conducting risk assessments, due diligence, and continuous monitoring of vendors involved in new initiatives and ongoing operations.

  • Facilitate incident reporting, including documenting, tracking, and analyzing risk events, and support root cause analysis and corrective actions.

Job description

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we're connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

Join a pivotal second-line position at the heart of Canada's financial market infrastructure. As a Senior Analyst, Enterprise Risk Management, you will support the delivery of the Enterprise Risk Management (ERM) and Operational Resilience programs across the Canadian Depository for Securities (CDS)-Canada's central securities depository, clearing, and settlement hub-and the Canadian Derivatives Clearing Corporation (CDCC)-the national central counterparty for exchange-traded and over-the-counter derivatives-collectively known as "TMX Post-Trade."


You will play a vital role in safeguarding the organization by proactively identifying, assessing, and mitigating significant non-financial risks across complex vendor and regulatory landscapes. This position carries a primary focus on advancing the Third-Party Risk Management (TPRM) program through comprehensive risk assessments and continuous framework evolution, while driving critical regulatory initiatives and facilitating end-to-end incident reporting.


This role reports to: Manager, Enterprise Risk Management & Non-Financial Resilience

Job Location: Hybrid (2-3 days in office) - we are open to candidates being located in one of our Canadian office locations: Toronto or Montreal.


Key Responsibilities:


Third Party Risk Management (TPRM)

  • Support the Manager, ERM in developing and maintaining the TPRM governance framework, ensuring alignment with CDCC and CDS risk appetite.
  • Support the efficient and effective implementation of the TPRM program across CDCC and CDS, including performing materiality assessment and risk-based due diligence on vendors onboarded as part of new business initiatives and BAU.
  • Provide guidance and training to Business Units on the requirements and responsibilities included in the TPRM governance.
  • Contribute to the preparation and delivery of the quarterly reporting process on the third-party risk profile.
  • Assist in the deployment and application of new tools to automate and optimize third-party monitoring and reporting processes.
  • Support the Manager, ERM in driving continuous improvement of Post-Trade's TPRM program by analyzing industry trends and benchmarking against evolving global regulations (i.e. DORA), operational resilience and regulatory compliance.

Regulatory Initiatives & Reviews

  • Support the Manager, ERM in addressing non-financial risk regulatory inquiries related to regulatory initiatives and reviews.
  • Support the Manager, ERM in developing and implementing emerging best practices that align with both regulatory requirements and broader industry standards.
  • Support the Manager, ERM in monitoring and analyzing internal and external environments to identify emerging risks that may impact TMX Post-Trade's strategic objectives and risk profile, and report to senior management.

Incident Reporting

  • Facilitate the end-to-end incident reporting process, ensuring risk events are accurately documented, tracked, and escalated in a timely manner.
  • Support root cause analyses of identified incidents and partnering with business units to track the implementation of corrective action plans.

Collaborative Opportunities Across Enterprise Risk Management Programs:

While the primary focus is on Third Party Risk Management (TPRM) and Regulatory Initiatives & Reviews, there may be opportunities to contribute in a supportive role to initiatives within:


  • Operational Risk Management (ORM): Support risk assessment and oversight for operational activities. Monitor key risk indicators, and analyze operational risk data to identify trends and inform strategic decisions.
  • Change Management Risk Evaluation (CMRE): Support the identification, assessment, and oversight of the overall risk profile associated with significant changes and projects. Monitor adherence to change procedures and facilitate post-implementation reviews.
  • Cyber Risk Management: Collaborate with the Information Security Office to track cyber threats, cyber incidents, and remediation efforts. Assist in embedding cyber risk considerations into broader risk programs and contribute to executive cybersecurity reporting.
  • Business Continuity Management: Coordinate and maintain Business Impact Analyses (BIA) and Business Continuity Plans (BCP). Provide training and oversight for Disaster Recovery (DR) and BCP testing.

Must haves:


  • Education: Bachelor's degree in Finance, Business Administration, or a related field (Master's degree preferred).
  • Experience: Minimum of 3 years of relevant experience in risk management, audit, or compliance functions within financial services or consulting firms.
  • Core Risk Expertise: Proven track record delivering ERM/ORM projects, including Operational Resilience, Risk Appetite, Third-Party Risk Management, Internal Controls, Business Continuity Management, Crisis Management, and Cybersecurity concepts.
  • Domain Knowledge: Solid understanding of financial institutions, market infrastructures, and financial markets.
  • Communication Skills: Exceptional written and verbal communication skills, with the ability to articulate complex risk concepts clearly and concisely to diverse audiences.
  • Execution & Ownership: Proven ability to work independently across multi-stakeholder environments, manage competing priorities effectively, and drive deliverables to completion with a proactive, results-oriented approach.

Nice to Haves:


  • Certifications: Professional designations in Operational Risk Management, Business Continuity Management, Third-Party Risk Management, and/or Cyber Risk Management (e.g., ORM, CBCP, MBCI).
  • Regulatory Familiarity: Knowledge of key regulatory frameworks (e.g., CPMI-IOSCO Principles for FMIs, OSFI B-10, etc.).
  • Language Skills: Fluency in both French and English (written and spoken) is an asset to support regular interaction with bilingual partners and stakeholders.

Salary Range: 85K/year - 90K/year CAD. Please note that the salary range included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate's relevant knowledge, skills, and experience.

The recruiting efforts for this role are intended to fill a vacant position.


In the market for...

Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection - With site hubs in some of the world's most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger "we". Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!

Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located.

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.

Apply