1

Financial Risk Manager Jobs in Toronto, ON (NOW HIRING)

Join us, and together, let's create a future of financial empowerment. We're looking for a Risk Manager, Risk & Analytics to join a collaborative and forward‑thinking risk and analytics team that ...

Manager, Risk Project Management

Toronto, ON · Hybrid

CA$69K - CA$129K/yr

The team is looking to fill a new role under Operational and Non-Financial Risk to support project management for risk requirements. The Operational Risk Project Manager is responsible for managing ...

next page

Showing results 1-20

Financial Risk Manager information

See Toronto, ON salary details

$27.2K

$96.3K

$153.2K

How much do financial risk manager jobs pay per year?

As of Jul 21, 2026, the average yearly pay for financial risk manager in Toronto, ON is $96,293.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,143.00 and $123,109.00 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 job categories do people searching Financial Risk Manager jobs in Toronto, ON look for? The top searched job categories for Financial Risk Manager jobs in Toronto, ON are:
What cities near Toronto, ON are hiring for Financial Risk Manager jobs? Cities near Toronto, ON with the most Financial Risk Manager job openings:
Manager- Non-Financial Risk IA

Manager- Non-Financial Risk IA

Royal Bank of Canada

Toronto, ON • On-site

Full-time

Posted 25 days ago


Job description

Job Description

What is the Opportunity?
Manager Non-Financial Risk Internal Audit is a curious, dynamic, adaptable, solution-oriented team player and self-starter. You will be part of a global Internal Audit team with the mandate to assess and challenge risk management practices, internal controls and corporate governance processes across Group Risk Management- Operational Risk and Enterprise Risk in RBC. From this unique position, you will gain exposure to RBC products, services, businesses, and platforms to become a subject matter expert, be challenged to implement creative audit techniques and expected to utilize data analytics to provide business insights.


RBC Internal Audit leverages a unique perspective- with a coordinated view across the entire business-to deliver valuable advice that not only gives assurance, but that illuminates a bigger picture, connects dots, builds best practices and broadens possibilities. We connect intelligence to protect and enable RBC.

What will you do?

  • Contribute to execution of assurance engagements in the annual plan and formally document audit evidence, in accordance with Internal Audit guidelines.
  • Assess effectiveness of internal controls, risk management practices and governance processes in order to draw conclusions to complete the audit programs.
  • Develop and draft recommendations relating to audit program conclusions, to the Senior Manager, Internal Audit.
  • Respond to stakeholder needs quickly and efficiently and build trusting relationships with Internal Audit peers.
  • Contribute to the design, implementation, and execution of strategic initiatives; with a focus on enhancing continuous assurance and risk monitoring program through the use of data-analytics and automation of technology and cybersecurity control testing.
  • Execute basic analyses (e.g. descriptive); discover patterns, insights, trends and anomalies from straightforward analyses, data sets and visualization tools, create simple visualization using standard tools.
  • Assume personal responsibility for specific, straightforward components of larger projects (audits) and take responsibility to develop own personal and professional leadership skills and capabilities.

What do you need to succeed?

Must-have:

  • 3-6 years of audit experience (execution) in a non-leadership role
  • Strong knowledge of GRM Operational and Enterprise Risk functions (Operational Risk, Operational Resiliency, Risk Appetite, Risk Data, Strategy and Corporate Governance, Risk Reporting,)
  • Experience in analyzing information including its context and using professional judgement to draw the correct conclusions. Strong computer skills including Microsoft Office - Intermediate / Advanced level.
  • Ability to prioritize competing responsibilities and multi-task efficiently without sacrificing work quality and Experience in resolving differences of opinion as demonstrated through use of challenge.
  • Undergraduate degreein business, accounting or a related area and strong risk and control mindset

Nice to have

  • Ability to learn and evaluate risk management of new and emerging technologies and processes.
  • Leads by example. Experienced coach, team captain, and/or mentor in personal or work environment.
  • Working towards, or is interested in pursuing, the Certified Internal Auditor (CIA) designation.
  • Experience in GRM

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 and competitive compensation.
  • Leaders who support your development through coaching and managing opportunities
  • Work in a dynamic, collaborative, progressive, and high-performing team.
  • Opportunities to do challenging work and to be immersed in new technologies being leveraged by the bank.

Job Skills

Adaptability, Auditing, Commercial Acumen, Communication, Detail-Oriented, Internal Controls, Interpersonal Relationship Management, Long Term Planning, Results-Oriented

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

INTERNAL AUDIT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-06-25

Application Deadline:

2026-07-13

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.

Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
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