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Financial Risk Consultant Jobs in Ontario (NOW HIRING)

Financial institutions has drastically changed over the last decade and further evolutions are yet ... and operational risk management, preferably within a consulting firm or financial institution.

Support our Risk Consulting teams (Governance, Risk & Compliance Services, Technology Risk Services, Cyber, Forensics, Financial Risk Management) and work in collaboration with other KPMG service ...

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Financial Risk Consultant information

See Ontario salary details

$27.5K

$105.3K

$176K

How much do financial risk consultant jobs pay per year?

As of Aug 10, 2026, the average yearly pay for financial risk consultant in Ontario is $105,294.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,500.00 and $125,500.00 per year, depending on experience, location, and employer.

What is the difference between Financial Risk Consultant vs Financial Analyst?

AspectFinancial Risk ConsultantFinancial Analyst
Primary FocusAssessing and managing financial risks for clients or organizationsAnalyzing financial data to guide investment and business decisions
CertificationsFRM, CFA often preferredCFA, CPA often preferred
Work EnvironmentConsulting firms, financial institutions, corporate risk departmentsInvestment firms, banks, corporate finance departments

While both roles require strong financial knowledge and certifications like CFA, the Financial Risk Consultant primarily focuses on identifying and mitigating risks, whereas the Financial Analyst concentrates on analyzing data to inform investment decisions. Their work environments often overlap but serve different core functions within the financial industry.

Does risk consulting pay well?

Risk consulting for financial risk consultants typically offers competitive salaries that vary based on experience, location, and certifications such as FRM or CFA. Entry-level positions may start lower, but experienced consultants with specialized skills can earn high compensation, often including bonuses and benefits. Overall, it is considered a well-paying field within the consulting and finance industries.

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

To thrive as a Financial Risk Consultant, you need strong analytical skills, a solid understanding of finance and risk management, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment software, data analysis tools like Excel and SQL, and certifications such as FRM (Financial Risk Manager) or CFA are highly beneficial. Outstanding communication, problem-solving abilities, and attention to detail help you explain complex risks and collaborate effectively with clients and stakeholders. These skills are crucial for accurately identifying, evaluating, and mitigating financial risks to protect clients’ assets and ensure regulatory compliance.

What are some common challenges a financial risk consultant faces when working with clients across different industries?

Financial Risk Consultants often encounter the challenge of adapting their risk assessment frameworks to fit the unique regulatory environments, operational structures, and risk appetites of clients from diverse industries. Each sector—such as banking, insurance, or manufacturing—has distinct compliance requirements and market dynamics, requiring consultants to quickly learn and tailor their strategies accordingly. Additionally, consultants must communicate complex risk concepts in a way that is understandable and actionable for stakeholders who may not have a deep financial background. Building trust and maintaining clear communication are key to overcoming these challenges and delivering effective risk mitigation solutions.

What is a financial risk consultant?

A financial risk consultant is a professional who analyzes and assesses financial risks faced by organizations, helping them develop strategies to mitigate potential losses. They often use financial modeling, risk management tools, and industry regulations to advise clients on minimizing exposure to market, credit, or operational risks.
Infographic showing various Financial Risk Consultant job openings in Ontario as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $105,294 per year, or $50.6 per hour.

Cyber Risk Consultant - Financial Services - Remote

NTT DATA Services

Halifax, NS • Remote

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 12 days ago


NTT Data rating

7.4

Company rating: 7.4 out of 10

Based on 92 frontline employees who took The Breakroom Quiz

117th of 223 rated it services


Job description

Req ID: 383149 

NTT DATA strives to hire exceptional, innovative and passionate individuals who want to grow with us. If you want to be part of an inclusive, adaptable, and forward-thinking organization, apply now.

We are currently seeking a Cyber Risk Consultant - Financial Services - Remote to join our team in Halifax, Toronto, Nova Scotia (CA-NS), Canada (CA).

Senior Cyber Risk Consultant – Financial Services | BISO & AI Governance


Position Overview

We are seeking an experienced Senior Cyber Risk Consultant to join a high-performing cybersecurity and technology risk team supporting a complex, highly regulated financial services environment. This role is ideal for a cybersecurity professional with deep expertise in cyber risk management, Business Information Security Office (BISO) operations, and emerging AI governance practices.

As a trusted advisor, you will work closely with technology, cybersecurity, and business leaders to assess cyber risks across new and existing technology initiatives, ensuring appropriate security controls, governance, and risk management practices are integrated throughout the project lifecycle. A significant focus of this role is supporting enterprise AI initiatives by evaluating the cybersecurity risks associated with Artificial Intelligence (AI), Machine Learning (ML), and Generative AI technologies.

The ideal candidate combines strong technical cybersecurity knowledge with exceptional communication and stakeholder management skills. You are comfortable partnering with both technical and non-technical teams, facilitating risk discussions, and providing practical, business-focused recommendations that enable innovation while maintaining a strong security posture.

This is an excellent opportunity to help shape cybersecurity governance within a rapidly evolving technology landscape while contributing to enterprise-wide AI adoption in one of the most highly regulated industries.


Key Responsibilities

Cyber Risk Management

  • Conduct cybersecurity risk assessments and technology reviews for new and existing technology initiatives.
  • Evaluate cybersecurity risks throughout the project lifecycle and provide practical risk mitigation recommendations.
  • Identify control gaps, assess residual risk, and recommend appropriate remediation strategies.
  • Perform cybersecurity control assessments using established industry frameworks such as NIST, ISO 27001, or equivalent.
  • Evaluate cybersecurity risks across key security domains, including:
    • Identity and Access Management (IAM)
    • Cloud Security
    • Vulnerability Management
    • Cybersecurity Architecture
    • Network Security
    • Compliance
    • Security Metrics

BISO & Technology Governance

  • Perform technology intake and toll gate reviews to ensure cybersecurity requirements are identified and addressed before initiatives progress.
  • Support Business Information Security Office (BISO) governance processes, including technology evaluations, intake request management, and operational workflow support.
  • Manage and prioritize technology evaluation requests while helping maintain efficient governance processes.
  • Participate in cybersecurity governance activities and enterprise technology risk initiatives.

AI Governance & Emerging Technologies

  • Support the organization's AI Center of Excellence (CoE) by performing cybersecurity risk assessments for AI, Machine Learning, Generative AI, and other emerging technologies.
  • Evaluate AI architectures, data flows, security controls, and associated cyber risk vectors.
  • Ensure AI initiatives align with enterprise cybersecurity standards, governance frameworks, and regulatory requirements.
  • Contribute to AI governance processes and help mature cybersecurity oversight for emerging technologies.

Third-Party & Vendor Risk

  • Assess third-party and vendor cybersecurity risks.
  • Identify security control requirements for external technology providers and recommend appropriate risk mitigation measures.

Reporting & Stakeholder Engagement

  • Develop and maintain cybersecurity dashboards, metrics, reports, and executive-level management reporting.
  • Facilitate risk review sessions with technology teams, cybersecurity subject matter experts, and business stakeholders.
  • Clearly communicate complex cybersecurity and technology risk concepts to both technical and non-technical audiences.
  • Build strong collaborative relationships across cybersecurity, technology, business, and executive leadership teams.

Required Qualifications

Education

  • Bachelor's degree in Computer Science, Information Systems, Cybersecurity, Engineering, Risk Management, or a related discipline.
  • Equivalent combination of education and relevant professional experience will also be considered.

Experience

  • Minimum 7 years of experience in Cybersecurity Risk Management, Information Security, Technology Risk, or Cybersecurity Governance.
  • Minimum 7 years of experience working within Financial Services, Banking, Insurance, Brokerage, or another highly regulated industry.
  • Minimum 5 years of experience conducting cybersecurity risk assessments, technology reviews, and control assessments.
  • Minimum 5 years of experience identifying technology risks, evaluating cybersecurity controls, identifying control gaps, and recommending risk mitigation strategies.
  • Minimum 5 years of experience across multiple cybersecurity domains, including:
    • Identity and Access Management (IAM)
    • Cloud Security
    • Vulnerability Management
    • Cybersecurity Architecture
    • Network Security
    • Compliance
    • Security Metrics
  • Minimum 5 years of experience applying cybersecurity control frameworks such as NIST, ISO 27001, or comparable industry standards.
  • Minimum 3 years of experience assessing cybersecurity risks related to Artificial Intelligence (AI), Machine Learning (ML), Generative AI, or other emerging technologies.
  • Minimum 3 years of experience evaluating AI architectures, AI security risks, data protection considerations, and AI risk assessment methodologies.
  • Minimum 3 years of experience performing third-party or vendor cybersecurity risk assessments.
  • Minimum 3 years supporting Business Information Security Office (BISO), Technology Risk, Cyber Risk, Information Security Governance, or Enterprise Risk Management functions.
  • Minimum 3 years managing technology evaluation requests, cybersecurity intake processes, or governance workflows.
  • Demonstrated ability to manage multiple priorities independently while delivering high-quality work within established timelines.

Technical Knowledge

  • Strong understanding of cybersecurity risk identification, control assessments, remediation planning, risk acceptance, issue management, and risk reporting.
  • Experience evaluating cybersecurity controls across enterprise technology environments.
  • Strong knowledge of cybersecurity governance and regulatory expectations within financial services.
  • Experience developing cybersecurity metrics, dashboards, and executive reporting.

Certifications

One or more of the following certifications is preferred:

  • CISSP
  • CISM
  • CRISC
  • CISA

Preferred Qualifications

  • Experience supporting or working within a Business Information Security Office (BISO).
  • Experience supporting an enterprise AI Center of Excellence (CoE).
  • Knowledge of AI governance frameworks, Responsible AI, AI Risk Management, or Model Risk Management.
  • Experience supporting Enterprise Risk Management (ERM) programs.
  • Experience developing executive cybersecurity dashboards and reporting.
  • Experience working within Agile, Scrum, or enterprise governance environments.

Desired Skills & Attributes

  • Excellent analytical and problem-solving abilities with strong attention to detail.
  • Outstanding verbal and written communication skills.
  • Ability to explain complex cybersecurity concepts in business-friendly language.
  • Strong stakeholder management and relationship-building skills.
  • Ability to influence decision-making without direct authority.
  • Collaborative mindset with a customer-focused approach.
  • Highly organized with the ability to manage competing priorities.
  • Strong facilitation and presentation skills.
  • Professional judgment, integrity, and a proactive approach to risk management.
  • Comfortable working independently while contributing effectively within cross-functional teams.
  • Adaptable and able to thrive in a fast-paced, evolving technology environment.

Pay Transparency

Where required by law, NTT DATA provides a reasonable range of compensation for specific roles. The starting pay range for this remote role is $ $81,125-$141,240. This range reflects the minimum and maximum target compensation for the position across all US locations. Actual compensation will depend on a number of factors, including the candidate’s actual work location, relevant experience, technical skills, and other qualifications. 

This position is eligible for company benefits including medical, dental, and vision insurance with an employer contribution, flexible spending or health savings account, life and AD&D insurance, short- and long-term disability coverage, paid time off, employee assistance, participation in a 401k program with company match, and additional voluntary or legally-required benefits. 

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About NTT DATA

Sourced by ZipRecruiter

NTT DATA Services is a global business and IT services provider specializing in digital, cloud and automation across a comprehensive portfolio of consulting, applications, infrastructure and business process services. We are part of the NTT family of companies, a partner to 85 % of the Fortune 100.

Industry

It services

Company size

10,000+ Employees

Headquarters location

Plano, TX, US

Year founded

1967