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Financial Risk Manager Jobs in Quebec (NOW HIRING)

KPMG

Senior Manager, Financial Crimes

Quebec, QC

At KPMG, we don't just respond to financial crime, we redefine how the industry is managing the risk. Our newly launched National Financial Crimes Centre of Excellence (FC COE) is a bold step forward ...

KPMG

Senior Manager, Financial Crimes

Montreal, QC

At KPMG, we don't just respond to financial crime, we redefine how the industry is managing the risk. Our newly launched National Financial Crimes Centre of Excellence (FC COE) is a bold step forward ...

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All JobsFinancial Risk JobsFinancial Risk Manager JobsFinancial Risk Manager Jobs in Quebec

Financial Risk Manager information

See Quebec salary details

$28.5K

$100.9K

$160.5K

How much do financial risk manager jobs pay per year?

As of Aug 21, 2026, the average yearly pay for financial risk manager in Quebec 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 job categories do people searching Financial Risk Manager jobs in Quebec look for?

The top searched job categories for Financial Risk Manager jobs in Quebec are:

What cities in Quebec are hiring for Financial Risk Manager jobs?

Cities in Quebec with the most Financial Risk Manager job openings:

Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Quebec as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 81% Physical, 3% Hybrid, and 16% Remote job distribution, with an average salary of $100,900 per year, or $48.5 per hour.

Bilingual Director, Advanced Underwriting

Sun Life Financial

Montreal, QC • Hybrid

Full-time

Life, Retirement, PTO

Posted 3 days ago

New

Sun Life Assurance Company of Canada rating

8.6

Company rating: 8.6 out of 10

Based on 18 frontline employees who took The Breakroom Quiz

90th of 311 rated insurance

Job description

You are as unique as your background, experience and point of view. Here, you'll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do.


At Sun Life, we're driven by our Purpose: helping our Clients achieve lifetime financial security and live healthier lives. Our values shape how we work: caring, authentic, bold, inspiring, and impactful.


When you join Sun Life, you'll work with passionate colleagues and empowering leaders who support your growth and celebrate your contributions, so you can make a meaningful difference in our Clients' lives.


Discover how you can make a difference in the lives of individuals, families and communities around the world.


Job Description:


Location: hybrid, work from home

As a Director, Advanced Underwriting, you'll be joining one of Canada's top insurers. We're known for not only our strength in the market, but our commitment to our people. Underwriting goes beyond risk assessments here. We're focused on making thoughtful, well-informed decisions that provide financial security to Canadians and their loved ones.

By joining Sun Life, you become part of a high-performing team, led by passionate professionals with extensive experience in the field, industry knowledge, and a passion for mentorship. Our continuous learning pathways and skills development opportunities ensure endless growth for you as you advance in your career.

This role will be reporting to our Chief Underwriter and Claims Risk Officer.We're looking for someone with extensive experience in both medical and financial risk selection. You must be comfortable working with management, product, and reinsurance partners to deliver positive outcomes on challenging files. A commitment to Client-first, proactive communication and partnership with our advisors and distribution team are critical aspects to this role.


Life's brighter under the sun

Joining our team at Sun Life means you can expect:

  • A hybrid working environment, giving you the best parts of in-office collaboration and work from home flexibility
  • Flexible Benefits from the day you join, meeting the needs of you and your loved ones
  • Our stock ownership program and pension plan give you the chance to invest in Sun Life with company matching opportunities
  • An annual bonus based on company and individual performance
  • Paid vacation based on experience, 5 care days available for self-care or care of others (e.g. family or others you may support) and 10 personal illness days to support your well-being
  • Our unique sabbatical program gives you the opportunity to take up to 6 weeks off, every 5 years
  • Investment in not-for-profit organizations that are important to you
  • Maternity/Paternity top-up program so you can focus on your growing family


What will you do?

  • Analyze insurance applications and evidence of insurability
  • Apply holistic underwriting expertise in all areas of underwriting including medical, financial and lifestyle factors to make sound and competitive underwriting decisions
  • Negotiate decisions with our reinsurers, in accordance with reinsurance treaties and internal rules
  • Effectively communicate and explain decisions to advisors and/or Clients' physicians, as required.
  • Build strong relationships with business leaders, distribution teams, and advisors while delivering exceptional service and expertise
  • Identify continuous improvement opportunities and bring forward recommendations for solutions
  • Contribute to a positive environment through teamwork, a spirit of innovation, and professional development
  • Attend and participate in regular High Net Worth case reviews to share knowledge and support team development.
  • Provide mentorship other underwriters


What do you need to succeed?

  • Decision Making Authority >$10,000,000 + for Life, $1,000,000 of Critical Illness
  • Exceptional analytical, judgement, problem-solving and decision-making skills
  • Client and results focus, proactive service orientation to support our business goals
  • Strong knowledge of medical and financial risk factors
  • The ability to work in a fast-paced environment, meet tight deadlines and balance completing priorities
  • Strong interpersonal skills to work collaboratively with our internal and external partners
  • 10-15years of experience as an Individual Life Underwriter
  • Bachelor's degree or equivalent
  • Specialized training: ALU certificate and commitment to ongoing education with a goal of attaining the Fellow, Academy of Life Underwriting (FALU) and Fellow, Life Management Institute (FLMI) designations
  • Bilingualism (French, English, both oral and written) is required for the frequent interactions with English and French-speaking colleagues or internal partners across Canada and worldwide

Other Details

  • Some travel and representation at industry and sales events



    When a new position becomes available which matches your background and experience, the base pay range will be disclosed and correspond to the opportunity Sun Life will consider you for.


    In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.


    Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our Clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.


    Persons with disabilities who need accommodation in the application process, or those needing job postings in an alternative format, may e-mail a request to thebrightside@sunlife.com.


    We are proud to be a hybrid organization that offers our employees the choice and flexibility to work from both the office and virtually based on the needs of the business, our Clients and you.


    We may use artificial intelligence to support candidate sourcing, screening, interview scheduling.


    We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.


    Job Category:

    Underwriting - Individual

    Posting End Date:

    10/09/2026

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