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Insurance Risk Manager Jobs in Ontario (NOW HIRING)

Manulife

Manager, GWAM Risk Center

Waterloo, ON · Hybrid

CA$88K - CA$138K/yr

The Manager, Operational Risk Management, will be responsible for assisting the AVP Head of GWAM ... and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family ...

Manulife

Manager, GWAM Risk Center

Toronto, ON · Hybrid

CA$88K - CA$138K/yr

The Manager, Operational Risk Management, will be responsible for assisting the AVP Head of GWAM ... and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family ...

KPMG

Manager, Third Party Risk

Toronto, ON

We are looking for a Manager to join our growing practice with a specialized focus on Third Party Risk Management (TPRM). The successful candidate will be responsible for being a key contributor in ...

Vangard, Inc.

Lead Divisional Risk Advisor

Toronto, ON

CA$100K - CA$160K/yr

Build and evolve risk approaches, tools, and frameworks that enable effective risk management in a ... We also offercomprehensivebenefits such as health insurance, accident and life insurance, and ...

BDO Canada

Manager, Risk Advisory Services

Toronto, ON · On-site

Your Opportunity BDO Canada LLP is looking for a Manager, Risk Advisory Services to join the BDO's Risk Advisory team. The following provides an overview of the opportunity: * The Risk Advisory team ...

Scotiabank

Manager, Risk Operations

Toronto, ON · On-site

The Manager, Risk Operations will ensure integrated and comprehensive business controls are in place to reinforce a strong risk and control culture in Canadian Banking. In addition, the incumbent ...

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All JobsInsurance Risk JobsInsurance Risk Manager JobsInsurance Risk Manager Jobs in Ontario

Insurance Risk Manager information

See Ontario salary details

$11K

$74.3K

$115.5K

How much do insurance risk manager jobs pay per year?

As of Jul 22, 2026, the average yearly pay for insurance risk manager in Ontario is $74,335.00, according to ZipRecruiter salary data. Most workers in this role earn between $57,000.00 and $95,500.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Insurance Risk Manager, and why are they important?

To thrive as an Insurance Risk Manager, you need expertise in risk assessment, analytical thinking, and a strong understanding of insurance principles, often supported by a relevant degree and certifications like ARM or CPCU. Familiarity with risk modeling software, statistical analysis tools, and regulatory compliance systems is typically required. Strong communication, decision-making, and problem-solving skills help you effectively advise stakeholders and manage complex risk scenarios. These abilities are crucial for identifying, evaluating, and mitigating risks to protect organizational assets and ensure regulatory compliance.

What is the difference between Insurance Risk Manager vs Insurance Underwriter?

AspectInsurance Risk ManagerInsurance Underwriter
CredentialsTypically requires a bachelor's degree in risk management, finance, or related fields; professional certifications like ARM or CPCU are commonUsually holds a bachelor's degree in finance, economics, or related areas; certifications like CPCU or ARe are beneficial
Work EnvironmentWorks in corporate risk management departments, analyzing and mitigating risks for the companyWorks in insurance companies, assessing individual or business applications to determine coverage and premiums
Employer & Industry UsageUsed by insurance companies and large corporations to manage risk exposurePrimarily employed by insurance carriers to evaluate and approve insurance policies

While both roles involve understanding insurance policies, the Insurance Risk Manager focuses on overall risk mitigation strategies within an organization, whereas the Insurance Underwriter evaluates individual insurance applications to determine coverage and pricing.

What does an Insurance Risk Manager do?

An Insurance Risk Manager is responsible for identifying, assessing, and mitigating risks that could negatively impact an organization’s assets, operations, or reputation. They analyze various types of risks—including financial, operational, and compliance risks—and develop strategies to minimize potential losses. Insurance Risk Managers also advise on appropriate insurance coverage, negotiate policies with insurers, and ensure that the company complies with relevant regulations to protect against unforeseen events.

What are the most common challenges Insurance Risk Managers face when working across different departments?

Insurance Risk Managers often collaborate with various departments such as underwriting, claims, and compliance to identify and mitigate potential risks. One common challenge is ensuring clear communication and alignment of risk policies across teams that may have different priorities or levels of risk awareness. Balancing regulatory requirements with business objectives can also be complex, requiring strong negotiation and relationship-building skills. Successfully navigating these challenges helps create a unified risk culture and strengthens the organization's overall resilience.
What are popular job titles related to Insurance Risk Manager jobs in Ontario? For Insurance Risk Manager jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Insurance Risk Manager jobs in Ontario look for? The top searched job categories for Insurance Risk Manager jobs in Ontario are:
What cities in Ontario are hiring for Insurance Risk Manager jobs? Cities in Ontario with the most Insurance Risk Manager job openings:
Insurance Risk Manager jobs near you
Infographic showing various Insurance Risk Manager job openings in Ontario as of July 2026, with employment types broken down into 88% Full Time, 6% Part Time, and 6% Contract. Highlights an 72% In-person, 22% Hybrid, and 6% Remote job distribution, with an average salary of $74,335 per year, or $35.7 per hour.

Risk Analyst

Trillium Rail Partners

Mississauga, ON

Contractor

Re-posted 9 days ago

Job description


About the Project:


The Eglinton Crosstown West Extension will bring the Eglinton Crosstown LRT another 9.2 kilometres farther west, creating a continuous rapid transit line from the east end of Toronto into Mississauga. The Stations, Rail, and Systems (SRS) package encompasses the design, construction, integration, and commissioning of key project components.


Position Overview:


TRP has a current vacancy for a risk analyst to assist with the development of the Target Price for the ECWE SRS Project by supporting the delivery of the Risk Management Plan and the end to end risk process defined in the plan. The role supports the Risk Manager to maintain a live risk register that aligns with project schedule, cost estimate, and TPA development inputs. The role supports the integration of cost and schedule risk exposure into the Target Price position through both qualitative and quantitative assessments. The role works closely with the Estimating Team to validate risk cost impacts, uncertainty ranges, and cost inputs used in the QCRA and to ensure there is no duplicate or unsubstantiated cost exposure being carried in both the estimate and the risk register.



Key Responsibilities:


  • Support Risk Manager in implementing the risk management process across all scopes
  • Support risk identification workshops, risk update sessions, and working group meetings in line with RMP and development phase milestones
  • Develop and maintain the project risk register including status, allocation, scoring, and treatment plans
  • Support preparation of inputs for Qualitative and Quantitative Risk Assessments
  • Coordinate with Estimating Lead and Scheduling Manager to align probability and impact values with validated basis of estimate and basis of schedule
  • Work with Estimating Lead and Estimating Team to validate cost impact assumptions for risks and uncertainty
  • Support Estimating Team to define optimistic, most likely, and pessimistic cost ranges for risk events
  • Confirm that cost impacts of risks are traceable to CBS elements and not double counted
  • Support alignment between risk register updates and Basis of Estimate inputs through each Checkpoint
  • Support preparation of QCRA inputs and rationale documentation for cost ranges and sources
  • Track mitigation actions, support action owners, and update current and target state exposure
  • Support preparation of Risk Reports for governance meetings and checkpoint submissions
  • Maintain alignment of register updates with Lockdown dates and Checkpoint requirements
  • Support training and onboarding of discipline teams on risk process and templates
  • Support correct tagging of risks as Development Phase, Shared, Construction Execution or Adjustment Event
  • Maintain evidence for closure of risks and support transition of materialized risks to issue log


Experience

    • Experience working on major infrastructure projects
    • Understanding of cost estimates, schedule formats, means and methods, and design development stages
    • Ability to use structured cause event effect articulation of risks
    • Proficiency in MS Excel. Safran experience is an advantage
    • Ability to facilitate structured discussions and capture risk statements accurately
    • Understanding of Monte Carlo concepts for cost and schedule risk
    • Strong written documentation skills to maintain traceable and defensible risk data


    This is a hybrid position with both office based and remote working. Attendance is required for in person workshops and working group meetings with Design, Construction, Estimating, Scheduling, and Commercial teams. Remote working is acceptable when there are no in person meetings or sessions scheduled.



    At TRP, we are committed to providing an environment of mutual respect where equal opportunities are available to all applicants and teammates. Accommodation is available upon request for applicants throughout the recruitment and selection process.


    We thank all applicants for their interest. However, only those selected for an interview will be contacted.


    Apply