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Financial Risk Manager Jobs in Ontario (NOW HIRING)

Doist

Wealthsimple is Canada's leading financial innovator, headquartered in Toronto, with a hybrid team ... As Manager of Software Development for Financial Risk, you will set the roadmap and remain hands-on ...

Fairstone

Senior Business Risk Manager

Toronto, ON · On-site

In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family ... Join Home Trust as a Senior Business Risk Manager, reporting to Director, Strategy and ...

BMO Capital Markets

Third Party Risk Manager

Toronto, ON

CA$69K - CA$129K/yr

Management of risk stakeholder program execution and interaction with Third Party Risk Specialists ... BMO Financial Group's total compensation package will vary based on the pay type of the position ...

Omers

Analyst, Total Plan Risk Management

Toronto, ON · On-site

CA$86K - CA$130K/yr

Ability to understand and apply financial, statistical, and risk concepts to investment-related ... Experience using third-party systems such as MSCI Risk Manager, BlackRock Aladdin, ORTEC GLASS ...

Deloitte

Manager, Risk and Contract Management

Toronto, ON · Hybrid

CA$85K - CA$156K/yr

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 ...

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 ...

Scotiabank

Senior Manager Trading Risk

Toronto, ON · On-site

The senior manager in TFRM Latin America is primary focused on providing market risk oversight for ... Maintain regular dialogue with business lines and control functions with respect to financial ...

BMO Capital Markets

AI Risk Analyst

Toronto, ON

Supports the execution of governance processes, reporting, inventory management, metrics production ... The role acts as a central coordination point across AI RSA, Operational Non-Financial Risk (ONFR ...

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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 Sep 3, 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 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 the key skills and qualifications needed to thrive as a financial risk manager?

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 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.

Do financial risk managers make good money?

Financial risk managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, median annual pay often exceeds $100,000, with senior roles and certifications like FRM or CFA increasing earning potential. They also benefit from bonuses and other incentives based on performance and risk management success.

Is it hard to become a financial risk manager?

Becoming a financial risk manager typically requires a strong background in finance, economics, or related fields, along with relevant certifications such as the FRM or CFA. The role involves developing analytical skills, understanding financial models, and often gaining experience in risk analysis or financial analysis, which can take several years of education and work experience to achieve.

Is risk management in finance a good career?

A career as a financial risk manager involves analyzing and mitigating financial risks for organizations, often requiring strong analytical skills, knowledge of financial instruments, and certifications like FRM or CFA. It offers opportunities in banking, investment firms, and corporations, with a focus on quantitative analysis and regulatory compliance. The role can be rewarding for those interested in finance and risk assessment, with a stable job outlook and competitive salary potential.

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 August 2026, with employment types broken down into 80% Full Time, 19% Part Time, and 1% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $100,900 per year, or $48.5 per hour.

Risk Manager, Market & Counterparty Risk

The Consumer Goods Forum

Toronto, ON

CA$110K - CA$120K/yr

Full-time

Posted 21 days ago

Key responsibilities

  • Oversee the production of daily risk reports for the front office and senior management.

  • Develop and implement quality control and efficiency measures in reporting and processes using Excel VBA Macros, PowerBI, and relational databases.

  • Collaborate with trading desks and senior leadership to establish risk management guidelines and ensure trading activities stay within risk limits.

Job description

Salary Range: $110,000 - $120,000

Summary:

Canaccord Genuity (CG) is a leading independent full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets. CG is driven by an unwavering commitment to building lasting client relationships - we achieve this by generating value for our individual, institutional, and corporate clients through comprehensive investment solutions, brokerage, and investment banking services. We are the leading independent wealth management firm in Canada, and the leading mid-market provider of investment banking advisory, equity research, sales and trading services for corporations and institutions.

We pride ourselves on understanding our clients' needs and finding innovative, tailored solutions. Our entrepreneurial and friendly team will challenge you to learn and grow every day. We value great work and collaboration and strive to eliminate bureaucratic thinking. We're looking for talented people who thrive in a fast-paced environment and want to have an impact with innovative ideas and best practices.

We are looking for a Risk Manager to join our Market & Counterparty Risk team, based in Toronto. This role will support the team with activities related to the identification, management, assessment, monitoring and reporting of risk to the firm.

Responsibilities:

  • Oversee the production of daily risk reporting for the front office and senior management.
  • Develop and implement quality control and efficiency measures in reporting and various processes using Excel VBA Macros, PowerBI, relational databases, and by working closely with IT for more systemic solutions.
  • Develop, promote, and enforce risk policies and processes to govern the firm's trading businesses.
  • Collaborate closely with the trading desk and with senior leadership to devise risk management guidelines and controls for new business lines and potential new products to ensure alignment with the firm's risk management framework and risk appetite.
  • Ensure the trading desks' risk-taking is within the established risk limits.
  • Participate in counterparty risk assessments in order to establish appropriate credit limits for institutional clients.
  • Assist in the development of the quarterly Market Risk Management reporting package.
  • Assist with ad-hoc requests and risk management projects and initiatives as required.

Skills & Qualifications:

  • 5 - 7 years of experience in a risk management organization at a financial institution.
  • Undergraduate degree in a related field, such as Business Administration, Risk Management, Economics, Math, Engineering or Finance.
  • Pursuit of the CFA and/or FRM designation would be an asset.
  • Experience with Trading applications such as Fidessa or Iress.
  • Experience working in a market risk function or on a trading desk at a CIRO-regulated dealer
  • Action-oriented with a strong work ethic and drive to achieve excellence
  • Ability to lead and drive multiple competing priorities and thrive in a fast paced and complex environment which requires navigating ambiguity
  • Strong relationship development, and influencing skills while ensuring a collaborative approach
  • Clear and compelling communication style
  • Knowledge of relevant industry regulations and standards related to risk management.

#LI-MM1 #LI-Onsite

All applications will be held in strict confidence.

In order to be considered for employment, candidates selected for interviewswill be required to show proof of citizenship, permanent residence or eligibility to work in Canada with no restrictions.

Protecting your online safety:

Canaccord Genuity and its affiliates do not use text messages for recruitment purposes. If you have received a text message claiming to be from CG or an authorized representative regarding job recruitment, please treat as fraudulent and do not respond.

We wish to thank all candidates for their interest but only those applicants selected for an interview will be contacted. No phone calls please. Thank you for your understanding.

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