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Director Operational Risk Jobs in Toronto, ON (NOW HIRING)

Under the direction of the AVP and Director of Operational Resilience, the Manager will support the development and maintenance of the global Operational Resilience Methodology, and related risk ...

The Role The Director, Thought Leadership will develop and promote insightful, forward-thinking ... operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not ...

The Director of DevOps and Site Reliability Engineering is accountable for the end-to-end delivery ... Manage operational risk associated with scaling AI workloads and complex distributed systems.

DIRECTOR ENGINEERING REVIEW

Toronto, ON · On-site

CA$165K - CA$222K/yr

The Director maintains effective financial controls, manages legal and operational risk, and leads the preparation of business cases and documentation related to thirdparty services and ...

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Director Operational Risk information

See Toronto, ON salary details

$28.2K

$111.5K

$175.1K

How much do director operational risk jobs pay per year?

As of Jun 10, 2026, the average yearly pay for director operational risk in Toronto, ON is $111,547.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,301.00 and $143,628.00 per year, depending on experience, location, and employer.

What does a Director of Operational Risk do?

A Director of Operational Risk is responsible for identifying, assessing, and mitigating risks that could impact an organization's operations. They develop risk management strategies, implement controls, and ensure compliance with relevant regulations. This role typically involves collaborating with different departments, reporting to senior management, and overseeing risk assessments and audits. The goal is to minimize losses and protect the organization from potential operational failures or external threats.

How does a Director of Operational Risk typically collaborate with other departments to manage enterprise-wide risks?

A Director of Operational Risk works closely with teams across the organization—including compliance, internal audit, IT, and business unit leaders—to identify, assess, and mitigate potential risks. This collaboration often involves organizing risk assessments, sharing best practices, and developing response strategies for incidents. Regular cross-functional meetings and reporting are common, ensuring that risk management is integrated into day-to-day business operations. Effective communication and relationship-building are crucial for success in this role, as the Director must foster a risk-aware culture throughout the company.

What is the difference between Director Operational Risk vs Risk Manager?

AspectDirector Operational RiskRisk Manager
CredentialsTypically requires advanced degrees (e.g., MBA, Risk Management certifications)Often requires similar certifications but may have less emphasis on advanced degrees
Work EnvironmentStrategic, leadership-focused, overseeing risk frameworks across departmentsOperational, focused on identifying and mitigating specific risks within teams
Employer & Industry UsageCommon in banking, finance, insurance, and large corporationsFound across various industries including finance, healthcare, and manufacturing

The main difference is that the Director of Operational Risk typically holds a senior leadership role responsible for setting risk strategies and policies, while the Risk Manager focuses on implementing risk mitigation measures at the operational level. Both roles require relevant certifications and experience, but the Director position involves broader strategic oversight.

What are the key skills and qualifications needed to thrive as a Director of Operational Risk, and why are they important?

A Director of Operational Risk needs deep knowledge of risk management frameworks, regulatory requirements, and operational processes, typically supported by a degree in finance, business, or a related field. Familiarity with risk assessment tools, data analytics platforms, and certifications such as FRM or CRM is highly valued. Strong leadership, analytical thinking, and effective communication are essential soft skills for guiding teams and influencing stakeholders. These competencies are crucial for identifying, assessing, and mitigating risks that could impact organizational objectives and regulatory compliance.
What are the most commonly searched types of Operational Risk jobs in Toronto, ON? The most popular types of Operational Risk jobs in Toronto, ON are:
What are popular job titles related to Director Operational Risk jobs in Toronto, ON? For Director Operational Risk jobs in Toronto, ON, the most frequently searched job titles are:
What job categories do people searching Director Operational Risk jobs in Toronto, ON look for? The top searched job categories for Director Operational Risk jobs in Toronto, ON are:
Infographic showing various Director Operational Risk job openings in Toronto, ON as of June 2026, with employment types broken down into 100% Full Time. Highlights an 86% In-person, 8% Hybrid, and 6% Remote job distribution, with an average salary of $111,547 per year, or $53.6 per hour.
Director International Banking, Technology Engineering

Director International Banking, Technology Engineering

Scotiabank

Toronto, ON

Other

Retirement, PTO

Posted 28 days ago


Job description

Requisition ID: 257939 
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Role

As a Director, IB (International Banking) Client Commercial Technology Engineering , you will be in a high-impact role, leading a group of technology professionals responsible for technical design, development, support and delivery of Global systems solutions and Commercial Baking client systems to resolve complex, multi-dimensional business problems to support Commercial business needs. We are looking to fill our team with forward thinking individuals who embrace change, are passionate about their profession, are flexible, curious, continuous learners and who want to achieve challenging goals and have long-lasting impact on our customers and the Bank.

Some of the Key Accountabilities include:

  • Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Independently resolve highly complex, multi-faceted problems, which are often unstructured and without precedent to meet the business needs of the end users.
  • Apply expert financial and technological knowledge to the design of methodologies, models, and/or systems solutions.
  • May involve rapid prototyping, with requirements and solutions developed on an iterative basis that provide interim deliverables until a final production solution is created.
  • Manages major, multi-disciplinary projects to implement and deliver solutions to business problems.
  • Involve in the technology guideline of business requirements, processes and be part of preparation of business case proposals
  • Involve in the architecture definition and planning, securing, and scheduling resources from development perspective
  • Involve in the development of detailed project plans, the monitoring of progress against planned objectives, the financial review, and securing consensus and co-operation from users and senior management
  • Involve in the implementation strategy and production support for the initiatives under his/her portfolio.
  • Build and manage cohesive software architecture & data governance standards, artifacts, roadmaps, and providing technical direction for the applications assigned to your portfolio
  • Ensure best practices are followed in design and development, documentation and tools needed to support the various projects and existing production systems
  • Continually acquire and enhance knowledge of both the Bank's and the Division's business strategies and policies, risk management practices and methodologies, product offerings, financial markets, financial instruments, regulatory requirements, Back Office processes, and rapidly changing technology to be able to provide effective business solutions, services and support to the end user business lines.
  • Understands, manages and actively participates with 3rd parties, selections, administration and overall relation in the implementation of regional and enterprise projects.
  • Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
  • Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates the team (direct reports and indirect teams) by fostering an inclusive work environment, communicating vison/values/business strategy and managing succession and development planning for the team.
  • Occasionally travel may be required.

 

What You Will Bring to Succeed

 

Experience

  • 8+ years in Management, software development and IT industry work experience, with clear progression through ranks, and
  • 5+ years leading and building high performance teams
  • Strong technical people management skills to drive them to succeed in projects implementation
  • Must be a strong leader with excellent interpersonal, communication, and negotiation skills to build consensus and obtain co-operation from both stakeholder groups and other technology teams
  • Disciplined in up-to-date development methodologies and familiar with software development technologies and concepts.
  • Practical experience with systems design and specification for large scale applications.

 

Areas of Expertise

 

  • Wide responsibility over the Commercial Systems in all IB countries
  • Responsible of All IB Commercial projects and their strategy for IB
  • Knowledge and Experience in Commercial Banking and 3r Party Management.

The Workplace

  • We are technology partners who help the business transform how our employees around the world work
  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • Currently working in a Hybrid model, with onsite requirements as per organization requirements at 4 King West, Toronto
  • You'll get to work with and learn from diverse industry leaders, who have hailed from top technology companies around the world
  • We foster an environment of innovation and continuous learning
  • We care about our people, allowing them to design how they work to deliver amazing results
  • We offer a competitive total rewards package, including a performance bonus, company matching programs (on pension & profit sharing), and generous vacation

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.