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

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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 Aug 12, 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 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:
Director Operational Risk jobs near you
Infographic showing various Director Operational Risk job openings in Toronto, ON as of August 2026, with employment types broken down into 80% Full Time, 18% Part Time, and 2% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $111,547 per year, or $53.6 per hour.

Commercial Director, Risk Services,

Leap Recruitment Partners

Toronto, ON • Hybrid

Full-time

Medical, Retirement

Re-posted 2 days ago

Job description

Job Description Leap Recruitment Partners is proud to represent a premier leader in the North American property and casualty insurance industry. Our client is a highly respected national provider known for its commitment to safety, community, and operational excellence. We are currently seeking a strategic and people-focused Director of Risk Services to lead their regional risk mitigation efforts and drive impactful consulting strategies.

The Role As the Director of Risk Services, you will be the primary architect and executor of regional risk management strategies. This is a high-impact leadership position responsible for guiding a team of experts to deliver top-tier advisory, education, and technical consulting services. You will bridge the gap between high-level corporate goals and day-to-day operational excellence, ensuring that risk mitigation remains a core value for both the organization and its diverse clientele.

Key Responsibilities Strategic Leadership: Assist in defining and deploying a regional vision for risk services that aligns with the broader corporate business strategy. Team Development: Oversee the full talent lifecycle, including recruitment, performance management, professional coaching, and succession planning for the regional risk team. Operational Management: Direct the creation of functional team plans, manage regional budgets, and prioritize annual initiatives based on their strategic value to the business.

Risk Mitigation & Consulting: Lead the execution of annual technical advice and training programs designed to help internal and external stakeholders minimize exposure. Market Intelligence: Monitor and analyze industry trends, competitor movements, and regulatory changes to identify emerging threats and opportunities within the risk landscape. Customer Advocacy: Foster a culture of safety by effectively communicating the organization's mission and ensuring all risk assessment plans are met or exceeded.

Qualifications Experience: A minimum of 15 years of relevant industry experience, with a proven track record in a leadership or senior advisory capacity. Education: A university degree, college diploma, or an equivalent combination of industry-specific experience. Professional Designations: Holding a CRSP (Canadian Registered Safety Professional) or CRM (Canadian Risk Management) designation is considered a significant asset.

Technical Expertise: Comprehensive understanding of risk and insurance management, including deep knowledge of industry standards, safety codes, and regulatory requirements. Operational Readiness: Proficiency in the Microsoft Office Suite, a valid driver's license in good standing, and the ability to travel across the Canada/U.S. border without restrictions

Why Join the Team. Our client believes in a "people-first" philosophy, offering a comprehensive suite of benefits designed to support your professional growth and personal well-being: Flexible Work Environment: A balanced 50/50 hybrid model, allowing you to split your time between the office and your home. Mobility Support: Because this role involves travel, a company vehicle and all related expenses are provided.

Financial Security: Competitive salary packages including pension plans, RRSP contributions, and an employee share purchase program. Health & Wellness: Flexible health benefits available from day one, wellness rewards, and early leave days to help you recharge. Career Advancement: Robust support for continuous learning, including tuition assistance for CIP, FCIP, or CRM designations, alongside formal mentorship and leadership training.

Community Impact: Be part of an organization that gives back through donation matching and dedicated team volunteer days.

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