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Financial Risk Manager Jobs in Ontario (NOW HIRING)

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 ...

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 ...

Td

Audit Manager I, Financial Risk (1049)

Toronto, ON · On-site

CA$81K - CA$115K/yr

... programs and audit risk assessments are completed accordingly * Manage the ongoing audit ... TD is one of the world's leading global financial institutions and is the fifth largest bank in ...

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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 Aug 19, 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.

Senior Director, Market Risk & Actuary

Royal Bank of Canada

Toronto, ON • On-site

Full-time

Posted 4 days ago

Job description

Job Description

What is the opportunity?

As the Senior Director you will drive growth and leadership of the Financial Risk Oversight function within Group Risk Management Insurance. In this role, you will lead the independent risk management oversight of the Insurance business, delivering critical organizational guidance through rigorous monitoring, control environment assessments, and transparent communication of material market risk positions, trends, concentrations, and policy compliance.

What will you do?

  • Lead the implementation and coordination of an integral market risk management framework for the Insurance Companies' balance sheet.
  • Perform and identify gap analysis to establish remediation plans for adherence to internal policies, and compliance with regulatory requirements.
  • Implement and enhance market risk practices and key oversight programs within the second line.
  • Advise senior management with insights into potential developments, risk concentrations, and risk trends that could result in significant financial losses under adverse market conditions.
  • Oversee regular reviews of the Risk Appetite and Risk Limits frameworks for Market Risk, ensuring that risks are appropriately managed, and tolerances are appropriately calibrated at the Enterprise level and by key business lines.
  • Develop and execute market risk projects to implement a feasible infrastructure and enable reliable market risk measures, providing requirements in the design of key components of the strategic market risk platform, and ensuring these components are delivered effectively.
  • Develop and maintain comprehensive Financial Risk Oversight policies and procedures and conduct due diligence for new products.

What do you need to succeed?

Must Have

  • Proven track record leading risk management or market oversight functions
  • Executive-level engagement skills, including the ability to debate and advocate positions with conviction and passion.
  • Business Advisory experience with the proven ability to communicate complex concepts concisely to technical and non-technical audiences
  • Strong understanding of financial markets, trading businesses, alternative assets, exchange traded and over the counter markets and applicable risk frameworks.
  • Thorough knowledge of traded products including derivatives and their associated risks.
  • CFA, CA or other related professional qualifications.
  • People Leadership experience.

Nice to Have

  • Actuarial or insurance industry experience.
  • Good understanding of the bank and insurance dealer regulatory environment.
  • Strong knowledge of financial accounting practices

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team

Job Skills

Business Analytics, Effectiveness Measurement, Financial Derivatives, Investment Banking Analysis, Long Term Planning, Market Analysis, Market Risk, Results-Oriented, Risk Management

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-08-14

Application Deadline:

2026-08-28

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

Employment Type: FULL_TIME

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