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Financial Risk Manager Jobs in Ontario (NOW HIRING)

Omers

Analyst, Total Plan Risk Management

Toronto, ON

CA$86K - CA$130K/yr

Experience using 3rd party systems (e.g., MSCI Risk Manager, BlackRock Aladdin, ORTEC Glass, and/or Bloomberg) is an asset * CFA, FRM, or another financial risk designation (or a willingness to ...

PwC

Credit Risk Modelling Senior Associate

Toronto, ON · Hybrid

CA$73K - CA$122K/yr

Line of Service Assurance Industry/Sector Not Applicable Specialism Financial Risk Management Level Senior Associate & Summary A career in our Financial Services Risk & Regulatory Group - Financial ...

Bank of Canada

Analyst - Financial Sector

Ottawa, ON

The team supports risk-informed decision-making through financial risk monitoring, balance sheet analysis, the development of risk-management frameworks and climate-related financial reporting. MACRO ...

Bank of Canada

Analyst - Financial Sector

Ottawa, ON · On-site

The team supports risk-informed decision-making through financial risk monitoring, balance sheet analysis, the development of risk-management frameworks and climate-related financial reporting. MACRO ...

BMO Capital Markets

Sr. AI Risk Officer

Toronto, ON · On-site

CA$94K - CA$176K/yr

Execute direct accountabilities for AI risk management compared to other frameworks (e.g. model ... BMO Financial Group's total compensation package will vary based on the pay type of the position ...

CIBC

Trading Market Risk Manager - Fixed Income

Toronto, ON · Hybrid

CA$115K - CA$130K/yr

Success in this role requires a strong understanding of financial markets and the analytical foundations of pricing and risk management for complex derivatives. You will collaborate closely with ...

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Showing results 21-40

All JobsFinancial Risk JobsFinancial Risk Manager JobsFinancial Risk Manager Jobs in Ontario

Financial Risk Manager information

See Ontario salary details

$28.5K

$100.9K

$160.5K

How much do financial risk manager jobs pay per year?

As of Jul 24, 2026, the average yearly pay for financial risk manager in Ontario is $100,900.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,500.00 and $129,000.00 per year, depending on experience, location, and employer.

What are some common challenges Financial Risk Managers face when working with cross-functional teams?

Financial Risk Managers often collaborate with departments such as treasury, compliance, and IT to identify and mitigate risks. One common challenge is aligning risk management strategies with diverse departmental goals, which may sometimes conflict with each other. Effective communication and negotiation skills are essential to ensure all stakeholders understand the risk implications of their decisions. Additionally, adapting to rapidly changing regulations and market conditions can create pressure to quickly update risk models and processes.

What is the difference between Financial Risk Manager vs Credit Analyst?

AspectFinancial Risk ManagerCredit Analyst
CertificationsFRM, CFAFitch, CFA
Work EnvironmentFinancial institutions, banks, investment firmsBanks, lending institutions, credit agencies
Primary FocusAssessing and managing overall financial risksEvaluating creditworthiness of borrowers
Industry UsageRisk management departments, trading floorsLoan departments, credit risk units

While both roles involve financial analysis, a Financial Risk Manager focuses on identifying and mitigating broad financial risks across an organization, often requiring advanced certifications like FRM or CFA. A Credit Analyst specializes in assessing individual borrowers' creditworthiness to inform lending decisions. Both roles are vital in financial institutions but serve different strategic purposes.

What are the key skills and qualifications needed to thrive as a Financial Risk Manager, and why are they important?

To thrive as a Financial Risk Manager, you need a strong background in finance, quantitative analysis, and risk assessment, typically supported by a relevant degree and certifications like FRM or CFA. Expertise in risk modeling software, statistical tools such as SAS or R, and financial reporting systems is highly valued. Exceptional analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These skills and qualities are crucial for accurately identifying, assessing, and mitigating financial risks to protect organizational assets and ensure regulatory compliance.

What does a Financial Risk Manager do?

A Financial Risk Manager (FRM) is responsible for identifying, analyzing, and mitigating financial risks within an organization. Their work involves assessing threats related to credit, market, operational, and liquidity risk, and developing strategies to minimize potential losses. FRMs use quantitative analysis, financial modeling, and risk assessment tools to advise decision-makers on risk exposures. They play a vital role in ensuring that a company remains compliant with financial regulations and maintains financial stability.
What are popular job titles related to Financial Risk Manager jobs in Ontario? For Financial Risk Manager jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Financial Risk Manager jobs in Ontario look for? The top searched job categories for Financial Risk Manager jobs in Ontario are:
What cities in Ontario are hiring for Financial Risk Manager jobs? Cities in Ontario with the most Financial Risk Manager job openings:
Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Ontario as of July 2026, with employment types broken down into 1% As Needed, 85% Full Time, 10% Part Time, and 4% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $100,900 per year, or $48.5 per hour.
Manager, Risk and Contract Management

Manager, Risk and Contract Management

Deloitte

Toronto, ON • Hybrid

CA$85K - CA$156K/yr

Full-time

Life, PTO

Posted 7 days ago

Deloitte rating

8.1

Company rating: 8.1 out of 10

Based on 90 frontline employees who took The Breakroom Quiz

58th of 150 rated financial services

Job description

Job Type: Permanent 
Work Model: Hybrid 
Reference code: 133900   
Primary Location: Toronto, ON  
All Available Locations: Toronto, ON; Montreal, QC

Our Purpose

At Deloitte, our Purpose is to make an impact that matters. We exist to inspire and help our people, organizations, communities, and countries to thrive by building a better future. Our work underpins a prosperous society where people can find meaning and opportunity. It builds consumer and business confidence, empowers organizations to find imaginative ways of deploying capital, enables fair, trusted, and functioning social and economic institutions, and allows our friends, families, and communities to enjoy the quality of life that comes with a sustainable future. And as the largest 100% Canadian-owned and operated professional services firm in our country, we are proud to work alongside our clients to make a positive impact for all Canadians.


By living our Purpose, we will make an impact that matters.

  • Have many careers in one Firm.
  • Enjoy flexible, proactive, and practical benefits that foster a culture of well-being and connectedness.
  • Learn from deep subject matter experts through mentoring and on the job coaching
--

Are you ready to embark on a journey where challenges fuel growth, leadership drives innovation, and learning is a constant? This is your chance to make an impact.

What will your typical day look like?

In this role, you will focus on managing and mitigating risks within the business. Your day will revolve around reviewing proposals and contract documents, analyzing potential risks, and developing strategies to handle them effectively. You will leverage your expertise in contractual terms to ensure alignment with the organization's risk tolerance, bridging gaps between contractual obligations and practical risk management. This is a strategic position aimed at proactively addressing risk concerns through negotiation and collaboration.

This position is not a risk policy or financial risk role. Candidates seeking opportunities specifically in risk policy or financial risk management are encouraged to consider other relevant positions.

About the team


Our team is dedicated to excellence in risk management within our advisory services. We work closely with engagement teams and leadership to navigate and mitigate risks associated with contractual terms and service delivery. By fostering collaboration, resolving complex issues, and making informed decisions, we ensure that our operations remain secure and efficient. Join a team that values innovation, precision, and the ability to manage complexity with confidence.

Enough about us, let’s talk about you

You are someone with these required skills, experience and qualifications:

  • Proven expertise in handling complex contractual terms and managing associated risks.
  • Ability to assess risks in client agreements and propose effective mitigation strategies.
  • At least 10 years of experience in contract negotiations.
  • Familiarity with Canadian standards, industry norms, and regulatory requirements.
  • Leadership in conducting contract negotiations and achieving acceptable risk levels.
  • Skills to simplify complex terms and risks for clear understanding by stakeholders.
  • Proficiency in reviewing and revising agreements to align with organizational risk tolerance.
  • Capability to build trustful relationships with internal and external partners.

It would be great for you to have some of these nice to have’s as well:

  • Adaptability to thrive in a fast-paced, high-pressure environment while juggling multiple priorities.
  • Ability to take on ad hoc responsiblities as required
  • Strong communication skills to articulate and advocate for risk positions.
  • Bilingualism in French and English is required for this position due to the nature of the role having interactions with National & Global clients and project teams.
Total Rewards


The salary range for this position is $85,000 - $156,000, and individuals may be eligible to participate in our bonus program. Deloitte is fair and competitive when it comes to the salaries of our people. We regularly benchmark across a variety of positions, industries, sectors, targets, and levels. Our approach is grounded on recognizing people's unique strengths and contributions and rewarding the value that they deliver.
Our Total Rewards Package extends well beyond traditional compensation and benefit programs and is designed to recognize employee contributions, encourage personal wellness, and support firm growth.  Along with a competitive base salary and variable pay opportunities, we offer a wide array of initiatives that differentiate us as a people-first organization. On top of our regular paid vacation days, some examples include: $4,000 per year for mental health support benefits, a $1,300 flexible benefit spending account, firm-wide closures known as "Deloitte Days", dedicated days of for learning (known as Development and Innovation Days), flexible work arrangements and a hybrid work structure.

Our promise to our people: Deloitte is where potential comes to life.

Be yourself, and more.

We are a group of talented people who want to learn, gain experience, and develop skills. Wherever you are in your career, we want you to advance.
You shape how we make impact.

Diverse perspectives and life experiences make us better. Whoever you are and wherever you’re from, we want you to feel like you belong here. We provide flexible working options to support you and how you can contribute.
Be the leader you want to be

Some guide teams, some change culture, some build essential expertise. We offer opportunities and experiences that support your continuing growth as a leader.
Have as many careers as you want.

We are uniquely able to offer you new challenges and roles – and prepare you for them. We bring together people with unique experiences and talents, and we are the place to develop a lasting network of friends, peers, and mentors.
The next step is yours

At Deloitte, we are all about doing business inclusively – that starts with having diverse colleagues of all abilities. Deloitte encourages applications from all qualified candidates who represent the full diversity of communities across Canada. This includes, but is not limited to, people with disabilities, candidates from Indigenous communities, and candidates from the Black community in support of living our values, creating a culture of Diversity Equity and Inclusion and our commitment to our AccessAbility Action Plan, Reconciliation Action Plan and the BlackNorth Initiative.

We encourage you to connect with us at accessiblecareers@deloitte.ca if you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations) or indigenouscareers@deloitte.ca  for any questions relating to careers for Indigenous peoples at Deloitte (First Nations, Inuit, Métis).

When you apply, we will review your application using Deloitte's Global Talent Standards to ensure a consistent  recruitment experience. Our recruitment advisors and hiring teams will utilize human screening combined with AI technology to help identify the skills and qualities that matter most to our business, while safeguarding your privacy and using AI responsibly.

Deloitte Canada has 20 offices with representation across most of the country. We acknowledge that Deloitte offices stand on traditional, treaty, and unceded territories in what is now known as Canada. We recognize that Indigenous Peoples have been the caretakers of this land since time immemorial, nurturing its resources and preserving its natural beauty. We acknowledge this land is still home to many First Nations, Inuit, and Métis Peoples, who continue to maintain their deep connection to the land and its sacred teachings. We humbly acknowledge that we are all Treaty people, and we commit to fostering a relationship of respect, collaboration, and stewardship with Indigenous communities in our shared goal of reconciliation and environmental sustainability.

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