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

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 ...

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 ...

Sun Life Financial

Manager, Operational Risk

King, ON · On-site

Minimum 5 years of experience in risk management, preferably within the security dealer or financial service industry. * Strong knowledge of regulatory requirements and industry standards related to ...

Td

Audit Manager II, Non-Financial Risk (973)

Toronto, ON · On-site

CA$96K - CA$136K/yr

As an Audit Manager II, you'll provide oversight to complex audits and ensure completion for ... Financial Institution(s) preferred * Advanced knowledge of business processes and operations, risk ...

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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 30, 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.

How much does a risk manager get paid?

A financial risk manager's salary varies based on experience, location, and industry, but typically ranges from $80,000 to $150,000 annually. Senior risk managers or those with specialized certifications like FRM or CFA can earn higher salaries, especially in large financial institutions or major financial centers.

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 finance risk manager do?

A financial risk manager identifies, analyzes, and mitigates potential financial risks that could impact an organization, such as market, credit, or operational risks. They use tools like risk assessment models and financial analysis to develop strategies that protect the company's assets and ensure regulatory compliance. Strong analytical skills, knowledge of financial markets, and relevant certifications like FRM or CFA are often required.

What is the salary of risk manager?

The salary of a Financial Risk Manager at JP Morgan typically ranges from $90,000 to $150,000 annually, depending on experience, location, and certifications such as FRM or CFA. Senior risk managers or those in high-cost areas may earn higher compensation, including bonuses and benefits.

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.

Do risk managers make good money?

Financial risk managers typically earn competitive salaries that vary by experience, location, and industry. According to industry reports, median annual salaries range from $80,000 to over $150,000, with senior roles and certifications like FRM or CFA often commanding higher pay. Risk management skills in data analysis and financial modeling are highly valued in this field.
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 June 2026, with employment types broken down into 2% As Needed, 65% Full Time, 31% Part Time, and 2% Contract. Highlights an 86% Physical, 6% Hybrid, and 8% Remote job distribution, with an average salary of $96,293 per year, or $46.3 per hour.

Analyst, Total Plan Risk Management

Omers

Toronto, ON

CA$86K - CA$130K/yr

Full-time

Retirement

Posted 21 days ago

Job description

Choose a workplace that empowers your impact.

Join a global workplace where employees thrive. One that embraces diversity of thought, expertise and experience. A place where you can personalize your employee journey to be - and deliver - your best.

We are a purpose-driven, dynamic and sustainable pension plan. An industry leading global investor with teams in Toronto to London, New York, Singapore, Sydney and other major cities across North America and Europe. We embody the values of our 665,000 members, placing their best interests at the heart of everything we do.

Join us to accelerate your growth & development, prioritize wellness, build connections, and support the communities where we live and work.

Don't just work anywhere - come build tomorrow together with us.

Know someone at OMERS or Oxford Properties? Great! If you're referred, have them submit your name through Workday first. Then, watch for a unique link in your email to apply.

The Total Plan Risk Management team is accountable for driving the development of risk insights across OMERS through both advanced quantitative and thoughtful qualitative analysis. The team is a trusted thought partner in communicating a view on risk-taking activities across Risk and its stakeholders, with a goal to integrate insights into the strategic decision-making process. The team is also tasked with promoting a robust risk culture that encourages inclusion and diversity, transparency, and open dialogue.

As a member of this team, you will be responsible for:

  • Providing insights and risk analysis in close partnership with the Total Plan Risk team

  • Contributing to the ongoing development of a leading risk analytics program to support OMERS investment activities and the evolution of its investment strategies with a collaborative mindset

  • Working with investment data to help ramp up the development of insightful tools that support the measurement and reporting of investment risk

  • Supporting the research, testing, and development of analytical measures of performance and market, liquidity, credit, and emerging risks

  • Support the team's efforts in delivering high-quality Total Plan Risk reporting for the Board and Senior Leadership

  • Risk governance, including the review of investment risk policies and monitoring of corresponding investment risk limits

  • Helping to enhance and develop our risk tools and interactive dashboards

  • Interacting and building relationships with investment professionals across Risk and the Total Portfolio Management investment teams to understand and communicate the needs of the business

  • Supporting the Asset Liability study

  • Conducting research to inform total portfolio construction, including forecasting risk under different market conditions, implementing stress tests, and evaluating the impact of tactical asset mix tilts

  • Leverage internal and external systems to source large datasets to answer key investment questions.

To succeed in this role, you:

The ideal candidate for this role is an individual in the early stages of their career with a strong interest in Risk and Data Science, with a desire to apply their knowledge in the investment management domain.

Requirements:

  • University degree in a quantitative discipline such as Math, Statistics, Finance, Economics, Engineering, or a related field.

  • Previous experience (including co/op or internship) in capital markets, pensions and/or risk management is a strong plus.

  • Hands-on experience working with large datasets using numerical computing tools, with a desire to understand business risks through data

  • Ability to understand and apply complex financial and statistical principles and methods

  • Experience using Python and Power BI (and/or similar) is an asset

  • Ability to build effective relationships internally and externally

  • Has exceptional written and verbal communication skills

  • Is eager to learn and has strong intellectual curiosity

  • 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 enroll in one)

This posting is for an existing vacancy.The expected salary range for this position is $86,000.00 - $130,000.00 per year.

You may also be eligible to receive an annual Incentive Award pursuant to our Short-term Incentive plan and our Long-Term Incentive plan (if applicable), and to participate in our group benefits and retirement plans - details on these elements of compensation are included within OMERS & Oxford offer letters.

As one of Canada's largest defined benefit pension plans, our people-first culture is at its best when our workforce reflects the communities where we live and work - and the members we proudly serve.

From hire to retire, we are an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process that extends all the way through your employee experience. This sense of belonging and connection is cultivated up, down and across our global organization thanks to our vast network of Employee Resource Groups with executive leader sponsorship, our Purpose@Work committee and employee recognition programs.

Artificial intelligence (AI) tools are used to support certain stages of the OMERS recruitment process. While AI assists us in our process, human judgment and decision-making remain central to our candidate experience.

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