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Financial Risk Manager Jobs in Kelowna, BC (NOW HIRING)

AECOM

Highway & Bridge Project Manager

Kelowna, BC

Lead project planning, scope definition, scheduling, budgeting, and risk management activities ... Monitor project performance, financials, and resourcing to ensure alignment with project objectives ...

BGC

Manager, Youth Services

Kelowna, BC · On-site

... financial health as a member of the Operational Leadership Team. * Provide leadership aligned with ... risk management, and safety standards. * Ensure timely and accurate completion of required SHSS ...

BMO Capital Markets

Mortgage Specialist

Kelowna, BC

... financing market. Actively identifies sales opportunities and refers to BMO colleagues as ... Take measured risks while protecting the bank by applying our Risk Management Framework in the ...

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All JobsFinancial Risk JobsFinancial Risk Manager JobsFinancial Risk Manager Jobs in Kelowna, BC

Financial Risk Manager information

See Kelowna, BC salary details

$30K

$106.4K

$169.2K

How much do financial risk manager jobs pay per year?

As of Sep 7, 2026, the average yearly pay for financial risk manager in Kelowna, BC is $106,378.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,490.00 and $136,003.00 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 cities near Kelowna, BC are hiring for Financial Risk Manager jobs?

Cities near Kelowna, BC with the most Financial Risk Manager job openings:

Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Kelowna, BC as of August 2026, with employment types broken down into 86% Full Time, 13% Part Time, and 1% Contract. Highlights an 82% Physical, 2% Hybrid, and 16% Remote job distribution, with an average salary of $106,378 per year, or $51.1 per hour.

Commercial Analyst

First West Credit Union

Penticton, BC • On-site

Full-time

Medical, PTO

Re-posted 15 days ago

Job description

We are currently seeking a Commercial Analyst to join our team.

The Commercial Analyst is a trainee role for future commercial sales/lending roles and incumbents in this role do not have an option to remain in this role long term. An incumbent will spend approximately two (2) years in this role and once required skill and experience level is achieved will move into an available commercial sales/lending role.  Responsibilities include: provides administrative and analytical support to the commercial sales team; performs a variety of tasks that support the underwriting process for new credit applications; conducts annual reviews on commercial accounts, analyzes financial statements, and completes analysis of industry and market data, as required. The incumbent will deal directly with commercial members once a sufficient level of skill and experience are achieved.

Here's what would be included as a part of your typical day

  1. Financial Analysis: Completes analysis of financial statements and identifies any potential issues or concerns. Researches industry reports and analyzes market data related to specific credit applications, as required.
  2. Loan Review/Security: Reviews "offer of credits" and "loan security" generated from the application tool to ensure information is complete and accurate; reviews delinquency reports and connects with TBD and/or credit services to work on resolution.
  3. Loans Origination Process: Completes required paperwork for new credit applications, ensuring all supporting documentation is in place and forwards to commercial expert for review and/or approval; ensures required information from financial statements is entered into loans origination system; completes letter of credit requests in loans origination system; and completes progress draw worksheets for construction loans and monitors loan disbursement requests.
  4. Risk Management: Completes annual reviews on commercial accounts and ensures all terms and conditions are satisfied including visiting business premises when required.
  5. Sales and Service: Reviews files to identify cross-selling opportunities and forwards to appropriate commercial banking advisors; addresses member/client complaints or concerns to the mutual satisfaction of all parties. Establishes and maintains relationships within the branch network and the business community and follows up on incoming referrals. Promotes the organization's image within the community through participation in community initiatives and events. Reinforces relationship management and FW sales culture through support of in-branch and company wide campaigns and recognizing employee referrals.

Required Skills, Experience & Qualifications

  • College, Trade or Tech School Diploma (2 years) in related field required
  • Bachelor's Degree in related discipline preferred
  • 2 years sales and financial analysis experience or equivalent required
  • Previous knowledge of lending policies, procedures, products, and services preferred
  • Working knowledge of relevant legislation and statutory requirements influencing the granting and collection of commercial credit preferred
  • Proven knowledge and skills in financial statement analysis and credit risk management
  • Proven ability to manage change and identify and act upon continuous improvement opportunities
  • Strong work ethic and demonstrated resourcefulness in execution of daily activities
  • Advanced knowledge in Microsoft Office Applications, specifically MS Excel and Word
  • Displays an understanding of risk and risk ownership by being able to demonstrate adherence to policies and procedures.

What's in it for you:

First, we strive to make our team members feel genuinely rewarded. You'll have: 

  • Mental health coverage and resources 
  • Customizable health benefits, as well as topped-up parental leave 
  • Performance-based compensation, employee banking advantages and group RRSP matching 
  • Vacation time and flexible work arrangements to support your lifestyle 

We are committed to providing a fair, equitable, and competitive rewards package that reflects the value an individual brings to our organization. The compensation mentioned in this job posting should serve as a guide. The total cash compensation earned may vary based on a variety of factors including bonuses and/or incentives, an individual's skills and experience, and may correlate with performance in the role.

We also provide and encourage opportunities for our employees to make a meaningful impact. After all, as a credit union we're powered by giving back-in big ways and through small gestures. That's why we offer employees paid time off to volunteer, partner with thousands of local charities, build long-lasting relationships that help our members get ahead and commit to environmental, social and governance (ESG) practices. 

By joining our team, you'll be able to elevate your potential. Wherever your own purpose leads, we're here to support you with award-winning in-house training programs, access to LinkedIn Learning, and reimbursement for external courses to help you get ahead.

Take the next step in your career as part of our team. Apply for this opportunity! 

 Candidates, please note: if you are being considered for this role, you will be required to complete a background check, such as employment verification, credit check and criminal record check. 

Diversity, Equity, Inclusion & Belonging

At Tru Cooperative Bank, we embrace diversity regardless of gender identity or expression, sexual orientation, religion, race, ethnicity, age, diverse ability, and any aspect that makes someone unique. Inclusion is woven through our organization, from our employee-led network groups, hiring practices and education programs that address barriers and continually grow our equitable, diverse and inclusive culture.  

We encourage people who are from equity-deserving groups to apply for a career with us, including women or non-binary people, persons with diverse abilities, Black, Indigenous Peoples, People of Colour and members of 2SLGBTQIA+ communities.

 If an accommodation would help you during the process of applying or interviewing for a career with us, please let us know how we can assist you, whether it's preparing materials in an alternate format, booking an accessible meeting room or other arrangement. 

Your individuality is welcome here. 

About Us 

We're a financial cooperative that does things differently. We provide time-tested advice that helps our members feel optimistic about their future, and we offer comprehensive banking solutions that enable people to confidently reach their goals. With the financial strength and extended branch network of a large financial institution, we maintain local connections to our communities and take a unique grassroots approach to service. Our more than 250,000 members and approximately 1,250 employees operate from 45 branches throughout the province of BC, under the Envision Financial, Valley First, Island Savings and Enderby & District Financial brands. Visit firstwestcu.ca for more information on Tru Cooperative Bank. 

Please know we appreciate your interest in us but only candidates selected for an interview will be contacted.


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