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

Please Note:

• Current work authorization for Canada is required for all openings.
• This is a full-time regular role.
• You will be working on a flexible hybrid schedule as part of Fidelity's dynamic working arrangement.

Who We Are

At Fidelity, we've been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and we're constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future.

Working with us means you'll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You'll have a wide range of opportunities to grow and develop your career in an inclusive environment where you'll feel valued and supported to be your best - both personally and expertly.

Business Overview

Fidelity Clearing Canada (FCC) is the leading independent clearing broker and custodian in the Canadian market. We provide trade execution, clearing, custody and back-office support services to Canadian-based brokerage firms and the Canadian brokerage arms of U.S.-based firms.

For more information about Fidelity Clearing Canada, please visit https://clearing.fidelity.ca/

How You'll Make an Impact

The Client Risk Manager, Market and Counterparty Risk plays a key role in protecting FCC by overseeing and managing client-related risks across the clearing and custody business. This role is responsible for assessing financial, operational, regulatory, and reputational risks associated with clients, while supporting business growth through sound risk management practices.

You will work closely with internal stakeholders including Relationship Management, Operations, Finance, Compliance, Legal, and Executive leadership to ensure risks are identified, monitored, escalated, and managed appropriately throughout the client lifecycle.

The successful candidate will bring strong analytical and relationship management skills, combined with sound judgment and the ability to balance client service with prudent risk oversight.

What You Will Do

Client Risk Oversight & Management

• Conduct ongoing risk assessments of FCC clients, including financial analysis, operational reviews, and business model evaluations.

• Assess and monitor client exposure across operational, market, credit, settlement, and reputational risk categories.

• Act as a trusted advisor to business partners on client risk matters and risk mitigation strategies.

• Review new client onboarding requests and participate in due diligence activities.

• Escalate material client concerns and emerging risks to senior leadership and relevant risk committees.

• Support the development and maintenance of client risk scoring methodologies and monitoring frameworks.

Monitoring, Reporting & Governance

• Lead development of scalable data and analytics solutions for client risk

• Develop & monitor key client risk indicators and trends, ensuring timely identification and escalation of concerns.

• Prepare client risk reporting and presentations for management committees and senior leadership.

• Maintain accurate documentation of assessments, decisions, and mitigation activities.

• Contribute to the enhancement of client risk governance processes, procedures, and controls.

Regulatory & Operational Risk Support

• Support adherence to regulatory requirements and internal policies related to client risk management.

• Assist with audits, regulatory reviews, and internal examinations as required.

• Identify opportunities to improve risk processes, operational efficiencies, and reporting capabilities.

• Participate in special projects and ad-hoc risk initiatives in support of FCC business priorities.

What We Are Looking For

Required

• 5+ years of experience in risk management, ideally within the securities or banking industry.

• University degree, preferably in: Business, Finance, Computer Science, Management Information Systems, Mathematics, or a related field.

• Strong understanding of capital markets, clearing and custody operations, and client onboarding practices.

• Strong analytical and problem-solving skills with the ability to interpret financial and operational information.

• Excellent written and verbal communication skills with the ability to influence stakeholders at various levels.

• Strong organizational skills with the ability to manage multiple priorities in a fast-paced environment.

• Proficiency with Microsoft Office applications, particularly Excel and PowerPoint.

Nice to Have

• Knowledge of CIRO, securities regulations, and Canadian financial industry practices.

• Experience working in a clearing broker, custodian, or wealth management environment, preferably with responsibilities including trade desk oversight.

• Professional designations such as CFA or FRM are considered an asset.

• Experience with risk reporting tools, dashboards, or data analytics solutions.

Total Rewards That Reflect Your Impact

We believe exceptional work deserves exceptional recognition. That's why we offer a competitive compensation package designed to support your success today-and your financial well-being tomorrow.

For this role, your total rewards include:

• Base Salary and Discretionary Performance Bonus: Total annual cash compensation (base salary plus target bonus) ranges from$139,000 to $158,000, based on your experience and qualifications.

• RRSP Contribution: After 6 months of employment, we invest in your future with an RRSP contribution-no employee matching required.

We're proud to offer a compensation package that aligns with provincial pay transparency requirements.

This posting represents an existing vacancy within our organization-an opportunity to step into a role where your talents will make a meaningful difference.

We use AI-enabled LinkedIn Hiring Assistant to support parts of our sourcing process. Every hiring decision is reviewed and finalized by our recruiters. If you choose to ask questions to the LinkedIn HR Hiring Assistant, please be mindful that the responses are not official and must be confirmed for accuracy and completeness by Fidelity. If you are selected for an interview, the recruiter who contacts you can best answer your questions.

Fidelity Canada is an equal opportunity employer

Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans' status, Aboriginal/Native American status or any other legally-protected ground.

Accommodation during the application process

Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email us at FidelityCanadaStaffing@fidelity.ca.

No telephone inquiries or agencies please. We thank all applicants for their interest, please be advised that only those selected for an interview will be contacted.

Why Work at Fidelity?

We are proud to be recipients of the following:

Awards

Canada's Top 100 Employers
o Greater Toronto's Top Employers
o Canada's Top Family-Friendly Employers
o Canada's Top Employers for Young People
Great Place To Work Certified
o Best Workplaces for Inclusion
o Best Workplaces for Mental Wellness
o Best Workplaces for Today's Youth
o Best Workplaces for Women
o Best Workplaces in Financial Services & Insurance
o Best Workplaces in Ontario
o Best Workplaces with Most Trusted Executive Teams

LinkedIn Top Companies in Canada
Human Resource Director (HRD) - Best Place To Work
o HRD - 5-Star Benefit Program
o HRD - 5-Star Diversity & Inclusion Employer

Designations
Canadian Compassionate Companies - Certified
Benefits Canada's Workplace Benefits Award - Future of Work Strategy
TalentEgg National Recruitment Excellence Award - Special Award for Diversity & Inclusion in Recruiting
Canadian HR Reporter's Most Innovative HR Team