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

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 ...

CIBC

Commercial Credit Risk Manager

Toronto, ON · Hybrid

Banking clients through sound financial and non-financial analysis as well as an understanding of ... Credit Risk Management, Ensure Compliance, Financial Analysis, Group Problem Solving, Portfolio ...

Omers

Analyst, Total Plan Risk Management

Toronto, ON

CA$86K - CA$130K/yr

Experience using 3rd party systems (e.g., MSCI Risk Manager, BlackRock Aladdin, ORTEC Glass, and/or Bloomberg) is an asset * CFA, FRM, or another financial risk designation (or a willingness to ...

CIBC

Trading Market Risk Manager - Fixed Income

Toronto, ON · Hybrid

CA$115K - CA$130K/yr

Success in this role requires a strong understanding of financial markets and the analytical foundations of pricing and risk management for complex derivatives. You will collaborate closely with ...

CIBC US

Sr. Commercial Credit Risk Manager

Toronto, ON · Hybrid

Assess credit applications - Review the financial history of applicants and assess exposure to the ... You'll partner with Risk Management colleagues and line lending officers on credit risk management ...

Scotiabank

IT Risk Manager

Toronto, ON

... and Financial Banking Regulations (NIST CSF, FFIEC IT Handbooks, OSFI B-13, CSA CCM, TOGAF ... Experience managing initiatives within risk appetites and established KPIs or KRIs and creativity ...

CIBC

Sr. Commercial Credit Risk Manager

Toronto, ON · Hybrid

Assess credit applications - Review the financial history of applicants and assess exposure to the ... You'll partner with Risk Management colleagues and line lending officers on credit risk management ...

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All JobsFinancial Risk Manager JobsFinancial Risk Manager Jobs in Toronto, ON

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 Jun 9, 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:
Financial Risk Manager jobs near you
Infographic showing various Financial Risk Manager job openings in Toronto, ON as of May 2026, with employment types broken down into 90% Full Time, 5% Temporary, and 5% Contract. Highlights an 84% In-person, 5% Hybrid, and 11% Remote job distribution, with an average salary of $96,293 per year, or $46.3 per hour.
Credit Risk Modelling Senior Associate

Credit Risk Modelling Senior Associate

PwC

Toronto, ON • Hybrid

CA$73K - CA$122K/yr

Full-time

Posted 9 days ago

PwC rating

8.3

Company rating: 8.3 out of 10

Based on 73 frontline employees who took The Breakroom Quiz

20th of 57 rated business consultants

Job description

Line of Service

Assurance

Industry/Sector

Not Applicable

Specialism

Financial Risk

Management Level

Senior Associate

Job Description & Summary

A career in our Financial Services Risk & Regulatory Group - Financial Risk Management Credit Risk Modelling practice will provide you with the opportunity to help financial institutions rethink their approach to risk by developing a distinctive strategy and creating capabilities and performance. We play an important part in helping our clients assess, design and develop solutions that not only help them manage risk but also transform risk and complexity into a sustainable advantage.
Our team helps financial institutions with predictive modeling needs, including but not limited to, measure and manage the risk associated with borrowers, counterparties or other third parties who have a financial or contractual commitment to them, expected credit loss measurement (IFRS9 and CECL), capital measurement/stress testing. As part of the team, you'll help with credit risk modeling, model risk management as well as AI/ML/GenAI modeling for financial institutions.

Meaningful workyou'llbe part of

As a Credit Risk Modelling Senior Associate,you'llwork as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. Responsibilities include but are not limited to:

  • Model development, validation, internal auditof Retail and Wholesale credit risk methodologies including obligor and facility risk rating, Basel regulatory capital and economic capital models, allowance for loan and lease loss models (e.g., IFRS9).Assistassurance teams with reviews of clients' model development and validation processes

  • Artificial Intelligence (AI)/machine learning(ML)/Generative AI (GenAI)model development and validation

  • Model risk governance and controls related activities supporting clients in managing model risk across multiple asset classes

  • Collaborate with the team members at various levels to lead and develop compelling client proposals, white papers, thought leadership and points of view, describing the business challenge and proposed business solution on the topics such asMachine Learning, GenAI and climate risk modeling,etc.

  • Build andmaintaineffective,trustingand collaborative client relationships

Experiences and skillsyou'lluse to solve

  • Proficientexperience and exposure to financial services risk practices, credit risk modeling including retail and wholesale credit modeling techniques for adjudication, capital management, and allowance modeling/ or calculations (e.g.IFRS9)

  • Development,validationand assessment of quantitative credit risk measurement methodologies

  • Proficient experience and exposure to AI/ML modeling,including theoretical approach andrelated technology and platforms;significantexperienceand proven ability in at least one of themainAIplatforms:Vertex AI, Azure AI,etc.is preferred

  • Solid understanding and knowledge of credit risk processes, credit risk analytics, risk rating methodologies, risk managementpoliciesand risk management organization structures

  • Significant experienceand proven ability in at least one of the following programming languages/software: Python, R, SQL, SAS, C++, etc.

  • Master's degreein Statistics, Mathematics, Physics, Engineering, Financial Engineering, DataScienceorother relevant fields

  • PRM, FRM or CFA designation would be an asset

  • Proven abilities, especially creative problem-solving, toutilizecredit risk management software,dataandmethodologyin the completion of client engagements, including leveraging related technology vendors and their application

  • Strong writingskillsdemonstratedthrough the ability todraftproposals, reports, presentations, etc.

  • Strong verbal and written communication skillsdemonstratedthrough interactions with other teams/team members at all levels

  • Demonstrated ability to manage and prioritize multiple projects

  • PwC Canada is committed to cultivating an inclusive, hybrid work environment. Exact expectations for your team can be discussed with your interviewer

This newly created role reflects our commitment to growth and delivering distinctive value for our clients and stakeholders.

The salary range for this position is $73,400 - $122,400. The posted salary rangerepresentsthe expected hiring range for PwC locations in major citycentres. Given our national recruiting approach, ranges may vary for positions in other locations. At PwC Canada, base salary isdeterminedby your skills, experience,qualificationsand work location.In addition to base salary, eligible employees may have opportunities toparticipatein variable incentive pay programs which are designed to reward individual and firm-wide achievements.We are committed to offering competitive compensation and adhere to all relevant pay transparency legislation.During the hiring process, our Talent Acquisition team will provide details about our comprehensive total rewards package.

Whyyou'lllove PwC

We'reinspiring and empowering our people to change the world. Powered by the latest technology,you'llbe a part of diverse teams helping public and private clients build trust and deliver sustained outcomes. This meaningful work, and our continuous development environment, will take your career to the next level. We reward your impact, and support your wellbeing, through a competitive compensation package, inclusive benefits and flexibility programs that will help you thrive in work and life. Learn more about our Application Process and Total Rewards Package at:https://jobs-ca.pwc.com/ca/en/life-at-pwc

PwC Canada acknowledges that we work and live across Turtle Island, on the land that is now known as Canada, which are the lands of the ancestral, treaty and unceded territories of the First Nations,Metisand Inuit Peoples. We recognize the systemic racism,colonialismand oppression that Indigenous Peoples have experienced and still go through, and we commit to allyship and solidarity.

Education (if blank, degree and/or field of study not specified)

Degrees/Field of Study required:Degrees/Field of Study preferred:

Certifications (if blank, certifications not specified)

Required Skills

Optional Skills

Accepting Feedback, Accepting Feedback, Active Listening, Actuarial Science, Analytical Thinking, Communication, Complex Data Analysis, Creativity, Embracing Change, Emotional Regulation, Empathy, Financial Data Mining, Financial Modeling, Financial Risk Analysis, Financial Risk Management, Inclusion, Intellectual Curiosity, Learning Agility, Optimism, Presenting Financial Reports, Risk Analysis, Risk Model Implementation, Self-Awareness, Statistical Analysis Software, Statistical Consulting {+ 3 more}

Desired Languages (If blank, desired languages not specified)

Travel Requirements

Not Specified

Available for Work Visa Sponsorship?

No

Government Clearance Required?

No

Job Posting End Date

We're committed to providing accommodation throughout the application, interview, and employment process. If you require accommodation to be at your best, please let us know during the application process.The use of artificial intelligence (AI) in recruiting is just getting started, so we know you have questions about how and why we use it. At certain points during our recruiting process, we rely on AI to improve your experience. This could be during resume review or curating personalized job recommendations, asking you clarifying questions via a chatbot or during our interview scheduling to improve your experience. Our use of AI helps ensure we combat bias by evaluating candidates equally and fairly, without seeing identity information, such as your name, or gender for example). AI also helps us better predict successful hires by reviewing all applicants for a role and the relationship between your skills, experience and likely success at PwC Canada. While AI supports parts of our recruitment process, final hiring decisions always involve human review. For more information about our use and protection of your data, please refer to our Privacy Policy (https://www.pwc.com/ca/en/privacy-policy.html).Nous tenons a repondre a vos besoins tout au long du processus de demande d'emploi, d'entrevue et d'embauche. Si vous avez besoin de mesures d'adaptation pour etre parfaitement a l'aise, faites-le-nous savoir a l'etape de la demande d'emploi.L'utilisation de l'intelligence artificielle (IA) dans le domaine du recrutement en est a ses balbutiements. Nous savons que vous pourriez vous demander comment et pourquoi nous y avons recours. A certains stades de notre processus de recrutement, nous comptons sur l'IA pour ameliorer votre experience. Par exemple, pendant l'examen du curriculum vit ou l'elaboration d'une liste de recommandations personnalisees, un agent conversationnel pourrait vous demander des precisions ou fixer avec vous un rendez-vous pour l'entrevue. L'IA nous aide a mieux lutter contre les prejuges, car l'evaluation des candidats se fait de facon juste et equitable, sans que les informations d'identification comme le nom ou le sexe soient connues. Elle nous permet egalement de mieux reperer les bons candidats pour un poste et d'evaluer le lien entre leurs competences, leur experience et leurs chances de reussir chez PwC Canada. Bien que l'IA facilite certaines etapes de notre processus de recrutement, les decisions finales d'embauche sont toujours prises par des personnes. Pour en savoir plus sur l'utilisation et la protection de vos donnees personnelles, consultez notre politique sur la protection des renseignements confidentiels (https://www.pwc.com/ca/fr/privacy-policy.html).

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