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

... governance, financial risk management, and internal control best practices. * Develop and ... communicate key performance indicators (KPIs) for the internal audit function to senior management ...

Financial Management and Internal Control: Administer and monitor the operating budget, revenues ... Provide financial oversight for CRC and IRC accounts, including financial risk assessment to ensure ...

Manulife is seeking an experienced Manager, Technology & Cyber Risk Standards Governance to drive ... About Manulife and John Hancock Manulife Financial Corporation is a leading international financial ...

Catastrophe Risk Specialist

Kitchener, ON ยท Hybrid

CA$85K - CA$115K/yr

... Financial Group, a leading national distributor of personal and business insurance. In March of ... Job Overview Reporting to the Manager, Catastrophe Risk, this role is responsible for analytics and ...

Problem solving and risk management * Map out acquisition process to satisfy delivery date(s) or according to requirements and Policy 17; * Identify and mitigate commercial, operational, financial ...

Division Controller

Fergus, ON ยท On-site

CA$123K - CA$153K/yr

The Division Controller plays a critical leadership role in enabling system transformation (SAP), strengthening risk management, and building a scalable finance organization aligned to AOSE's medium ...

Sr. Credit Risk Analyst

Waterloo, ON ยท On-site

CA$63K - CA$95K/yr

Strong financial analysis and credit risk assessment skills. * Excellent communication and change management abilities. * Proficiency in SAP, Salesforce, and Microsoft Office. * Collaborative ...

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Financial Risk Manager information

See Waterloo, ON salary details

$26.6K

$94.1K

$149.6K

How much do financial risk manager jobs pay per year?

As of Jun 29, 2026, the average yearly pay for financial risk manager in Waterloo, ON is $94,075.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,528.00 and $120,274.00 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 Waterloo, ON look for? The top searched job categories for Financial Risk Manager jobs in Waterloo, ON are:
What cities near Waterloo, ON are hiring for Financial Risk Manager jobs? Cities near Waterloo, ON with the most Financial Risk Manager job openings:
Infographic showing various Financial Risk Manager job openings in Waterloo, ON as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $94,075 per year, or $45.2 per hour.

Director, Information Risk Management - Global Risk

Manulife

Waterloo, ON โ€ข Hybrid

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago


Key responsibilities

  • Provide independent oversight and challenge to technology and data leaders on risk design, control effectiveness, and residual risk exposure.

  • Drive adoption of workflow-based risk management and support the design of automated risk oversight processes.

  • Ensure technology and data risks are clearly articulated, aligned to risk appetite, and reported with improved timeliness, quality, and transparency.


Job description

Manulife is seeking a Director, Information Risk Management, as a Line 2 leadership role responsible for independent oversight, challenge, and governance of risks across Manulife's global technology enterprise. This position will participate in the design and execution of a fit-for-purpose risk oversight framework to ensure that technology, data, and corporate function platforms are designed, operated, and evolved in alignment with Manulife's risk appetite, regulatory obligations, and governance directives, while enabling speed, resilience, and innovation.

Position Responsibilities:
Independent Challenge & Oversight:

  • Provide credible, independent challenge to first-line technology and data leaders on risk design, control effectiveness, and residual risk exposure.

  • Assess and opine on the adequacy of technology, infrastructure, data, platform and application controls against internal standards, regulatory expectations, and industry best practices.

  • Ensure technology and data risks are clearly articulated, quantified where possible, and aligned to risk appetite.

  • Review and challenge material risk acceptances, control exceptions, and remediation plans.

Domain Level Challenge and Oversight:

  • Challenge operational resilience, capacity management, monitoring, patching, vulnerability, identity, and access control practices.

  • Oversight of risks related to cloud, on-prem infrastructure, networks, end-user computing, resilience, availability, disaster recovery, and third-party dependencies.

  • Ensure strong alignment between data governance, data risk, model risk, and information security

  • Oversight of data risk across data platforms, analytics, AI/ML, data quality, lineage, privacy, and regulatory data obligations.

  • Oversight of technology risks supporting Finance, HR, Legal, Compliance, Risk, and Internal Audit systems.

  • Challenge risks associated with financial reporting technology, regulatory reporting, and corporate data.

  • Ability to stay abreast of new and emerging regulatory requirements as well as emerging and evolving risks

GRC Workflow, Automation and Orchestration:

  • Drive adoption of workflow-based risk management, ensuring risks, controls, issues, exceptions, and attestations are consistent, adequate, reasonable and effective through standardized and automated practices that are traceable end-to-end

  • Support the design of event-driven risk workflows integrating automated control monitoring mechanisms from source systems (e.g, CI/CD, Observability, Ticketing, Lakes, Warehouses) to reduce manual assessments

  • Support the design of orchestration patterns that connect risk assessments, business continuity and disaster recovery, control testing, issue management, incident root cause analysis, vendor risk concurrences, regulatory obligations and audit and examination responses

  • Provide unbiased and evidence-based oversight to ensure that risk assessments not only meet regulatory requirements but also align with Manulife's strategic objectives and risk appetite, fostering continuous improvement in the organization's cybersecurity posture.

Key Deliverables and Outcomes:

  • Clear, consistent second-line risk opinions across infrastructure, data, and corporate technology.

  • Reduced manual risk processes through workflow automation and orchestration.

  • Improved timeliness, quality, and transparency of technology and data risk reporting.

  • Strong regulatory confidence in Manulife's technology risks governance model.

  • Demonstrable alignment between risk appetite, controls, and business outcomes.

Required Qualifications:

  • 12+ years in Technology Risk, Information Risk Management, Cyber Risk, with 5+ years in a risk leadership or second-line oversight role.

  • Deep experience within financial services, insurance, or wealth management in a global context.

  • Proven ability to challenge senior technology and data leaders with credibility, capable of translating technical risks into business impact.

  • Experience leading or influencing globally distributed teams.

  • Demonstrated oversight of Infrastructure & Operations, Cloud and hybrid environments, Data platforms and analytics and corporate enterprise applications.

  • Strong understanding of GRC workflows, including business goals, governance, risk management, controls, compliance, audit and assurance and improvement

  • Familiarity with GRC platforms (e.g. Archer, ServiceNow, Fusion).

  • Working knowledge of Global Regulatory Guidelines and Control frameworks (CSA STAR for AI, CCM, ISO, NIST, COBIT, COSO).

  • Bilingualism (English and French) is a strong asset. If the successful candidate is in Quebec, proficiency in both languages will be required to support clients from various provinces outside of Quebec.


Preferred Qualifications:

  • Experience in applying engineering principles to risk management, exposure to automated control monitoring and evidence collection, and a background partnering closely with Operations and Platform teams.

When you join our team:

  • We'll empower you to learn and grow the career you want.

  • We'll recognize and support you in a flexible environment where well-being and inclusion are more than just words.

  • As part of our global team, we'll support you in shaping the future you want to see.

#LI-Hybrid

The role being advertised is an existing vacancy.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact hr@manulife.com.

Referenced Salary Location

Toronto, Ontario

Working Arrangement

Hybrid

Salary range is expected to be between

$113,260.00 CAD - $210,340.00 CAD

Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. If you are applying for this role outside of the primary location, please contact hr@manulife.com for the salary range for your location.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact hr@manulife.com for more information about U.S.-specific paid time off provisions.

We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our personal information collection statement.