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Financial Risk Management Jobs in Alberta (NOW HIRING)

BMO Capital Markets

Financial Planner

Calgary, AB · On-site

CA$45K - CA$84K/yr

As a BMO Financial Planner you will be part of a collaborative team and have access to a strong ... Take measured risks while protecting the bank by applying our Risk Management Framework in the ...

BMO Capital Markets

Financial Planner

Calgary, AB · On-site

CA$45K - CA$84K/yr

As a BMO Financial Planner you will be part of a collaborative team and have access to a strong ... Take measured risks while protecting the bank by applying our Risk Management Framework in the ...

National Bank

Manager Financing Solutions

Edmonton, AB · On-site

Advanced Financial Analysis & Risk Management * Conduct rigorous financial assessments and recommend credit structures aligned with NBC's risk appetite and lending policies. * Review and analyze loan ...

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Financial Risk Management information

What is financial risk management?

A Financial Risk Management job involves identifying, assessing, and mitigating risks that could impact a company's financial health. Professionals in this field analyze market trends, credit risks, and operational risks to develop strategies that protect assets and profitability. They use financial modeling, risk assessment tools, and regulatory guidelines to ensure compliance and minimize potential losses. Common roles include risk analysts, credit risk managers, and compliance officers in industries like banking, insurance, and investment firms.

What are the typical career advancement opportunities for someone in financial risk management?

Professionals in Financial Risk Management often start as analysts or associates and can progress to roles such as Risk Manager, Senior Risk Analyst, or Director of Risk Management with experience and proven expertise. Career advancement typically involves taking on greater responsibility for complex risk analysis, decision-making, and leading teams or projects. Earning specialized certifications and gaining exposure to different risk disciplines (such as market risk, credit risk, or operational risk) can also accelerate career growth. Many organizations provide opportunities for cross-functional collaboration, which helps develop leadership and strategic planning skills important for moving into executive-level positions.

What are the key skills and qualifications needed to thrive in financial risk management?

To thrive in Financial Risk Management, you need a strong analytical background, proficiency in financial modeling, and typically a degree in finance, economics, or a related field. Familiarity with risk assessment software, data analytics tools like Excel or SQL, and certifications such as FRM (Financial Risk Manager) or CFA are highly valued. Excellent problem-solving skills, attention to detail, and strong communication abilities help professionals effectively present risks and collaborate with stakeholders. These competencies are crucial for accurately identifying, analyzing, and mitigating financial risks to support an organization's financial health.

What are careers in financial risk management?

Careers in financial risk management involve identifying, analyzing, and mitigating financial risks faced by organizations, such as credit, market, and operational risks. Professionals in this field often work with risk assessment tools, financial models, and regulatory compliance, and may hold certifications like FRM or CFA. These roles are common in banks, investment firms, insurance companies, and corporate finance departments.

Is risk management in finance a good career?

Financial risk management is a valuable career that involves identifying and mitigating financial risks using quantitative analysis and risk modeling tools. It offers strong job prospects, competitive salaries, and opportunities for advancement, especially for those with certifications like FRM or CFA. The role requires analytical skills, attention to detail, and the ability to work under pressure in a dynamic environment.
What job categories do people searching Financial Risk Management jobs in Alberta look for? The top searched job categories for Financial Risk Management jobs in Alberta are:
Financial Risk Management jobs near you
Infographic showing various Financial Risk Management job openings in Alberta as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 13% Part Time, and 3% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution.

Senior Model Risk & Validation Consultant

Wawanesa Insurance

Edmonton, AB • Hybrid

CA$120K - CA$145K/yr

Other

Retirement, PTO

Posted 14 days ago

Job description

Job ID: 10224 


Employment Type: New Role

Work Environment: We offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations: Winnipeg, MB; Wawanesa, MB; Vancouver, BC; Calgary, AB; Edmonton, AB; Lethbridge, AB; Toronto (North York), ON; Kitchener, ON; Ottawa, ON; Montreal, QC; Quebec City, QC, Moncton, NB; Dartmouth; NS. 

Working Business Language: English. This role is considered a head-office role and will be required to communicate with internal stakeholders across Canada where the primary business language utilized is English. 
 

Salary: At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan. 
 

The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range: $120,000 - $145,000. Candidates with salary expectations outside of the range are still encouraged to apply.

About The Wawanesa Mutual Insurance Company
Founded in 1896, The Wawanesa Mutual Insurance Company is one of Canada's largest mutual insurers, 100% owned by its members, with more than $4.1 billion in annual revenue and $12.5 billion in assets. Headquartered in Winnipeg, Wawanesa is the parent company of Wawanesa Life, which provides life insurance solutions throughout Canada, and Western Financial Group, a leading national distributor of personal and business insurance. In March of 2026, Wawanesa entered into an agreement to acquire Everest Insurance Company of Canada to strengthen its commercial insurance capabilities and advance its long-term growth strategy.


Wawanesa proudly serves more than 1.8 million members and we are home to more than 3,000 employees across Canada. The company actively gives back to organizations that strengthen communities, donating more than $4 million annually to charitable organizations, including more than $2 million each year in support of people on the front lines of climate change. Learn more at wawanesa.com.

We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.

Job Overview

Reporting into the Enterprise Risk Management function, the Senior Model Risk & Validation Consultant plays a key role in independent review, validation, and challenge of models across the enterprise, including traditional statistical models, actuarial models, machine learning and AI systems.
This role supports the organization's compliance with OSFI Guideline E 23 and evolving regulatory expectations for AI governance, fairness, transparency, and explainability, while promoting strong model risk governance and risk aware decision making across the enterprise. 
The successful candidate will bring strong data science and quantitative modeling expertise, combined with experience in model validation, independent review, or second line oversight, and will work with a high degree of autonomy to challenge model assumptions, methodologies, and controls.

Job Responsibilities

Independent Model Validation & Challenge

  • Conduct independent validation and effective challenge of enterprise wide models across the full model lifecycle, in line with OSFI Guideline E 23.
  • Review model conceptual soundness, data inputs, assumptions, methodology, performance, stability, limitations, and intended use.
  • Assess model risk severity and the adequacy of controls, overlays, monitoring, and governance arrangements.
  • Provide independent validation and risk challenge of AI and ML models, including data quality, bias, explainability and performance monitoring
  • Evaluate model reproducibility, explainability, documentation quality, and transparency.

Model Risk Governance

  • Contribute to the ongoing enhancement of the Model Risk Management Framework, including model inventory management, risk classification, validation standards and documentation requirements.
  • Support Model Risk Adjudication Committee (MRAC) activities by: 
    • Managing and updating enterprise model inventory.
    • Preparing independent validation summaries and risk assessments.
    • Tracking findings, remediation actions, and residual risk acceptance decisions.
    • Provide input into updates to model risk policies, procedures, and guidance, aligned with OSFI and AMF expectations.
    • Promote strong model development and monitoring practices across the organization through guidance, challenge, and education. 
  • Perform other duties as assigned.
Qualifications
  • Bachelor's degree in data science, actuarial science, computer sciences, mathematics, statistics or other related discipline.
  • More than six years of model development or validation experience an asset.
  • Strong programming skills with Python and SQL.
  • Experience validating or reviewing statistical, predictive, machine learning models and AI systems. 
  • Ability to clearly explain complex technical concepts to non technical stakeholders.

#LI-AF1 #LI-Hybrid


Diversity Equity, Inclusion& Belonging
At Wawanesa, we are committed to Diversity, Equity, Inclusion and Belonging (DEIB) and believe that our strength lies in the diversity of our people - this is supported by having a representative workforce.

We welcome applications from all qualified candidates, including racialized persons, women, Indigenous Peoples, persons with disabilities, members of the 2SLGBTQIA+ community, gender-diverse and neurodiverse individuals, and anyone who can contribute to the further diversification of thought and ideas. 
 

We aim to ensure our recruitment process is accessible to all candidates. If you require accommodations during any stage of the recruitment process, please reach out in confidence to jobs@wawanesa.com.
 

All Wawanesa job applicants are subject to Wawanesa's Privacy Policy.

Please note that the recruitment process for this position may involve the use of AI tools to screen, assess, or select applicants. All final decisions are taken or reviewed by human recruiters and human hiring leaders in compliance with all applicable legislation.  
 

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