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Junior Risk Analyst Jobs in Toronto, ON (NOW HIRING)

HUB

Senior Actuarial Consultant

Toronto, ON

... junior analysts, and translate captive economics and risk financing alternatives into clear strategic guidance for C-suite, risk management, and board audiences. What You'll Do * Lead captive ...

KPMG

Senior Manager GRC

Toronto, ON · On-site

... junior staff. * Evaluate emerging capabilities (AI/ML analytics, control automation, continuous monitoring) and guide roadmaps. What you bring to the role * 10-15+ years in Risk Management with GRC ...

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All JobsRisk Analyst JobsJunior Risk Analyst JobsJunior Risk Analyst Jobs in Toronto, ON

Junior Risk Analyst information

See Toronto, ON salary details

$29.1K

$93.1K

$380.8K

How much do junior risk analyst jobs pay per year?

As of Sep 3, 2026, the average yearly pay for junior risk analyst in Toronto, ON is $93,058.00, according to ZipRecruiter salary data. Most workers in this role earn between $42,945.00 and $87,322.00 per year, depending on experience, location, and employer.

What is a junior risk analyst?

A Junior Risk Analyst is an entry-level professional responsible for identifying, assessing, and mitigating potential risks within an organization. They analyze financial data, market trends, and operational processes to help senior risk analysts and management make informed decisions. Key tasks include data collection, risk modeling, report preparation, and ensuring compliance with regulatory guidelines. Strong analytical skills, attention to detail, and knowledge of risk management principles are essential for success in this role.

What are the typical responsibilities of a junior risk analyst on a day-to-day basis?

As a Junior Risk Analyst, your daily tasks often include gathering and analyzing data related to market, credit, or operational risks, preparing risk reports, and assisting with the development of risk models. You may also support more senior analysts with research projects, help monitor compliance with risk policies, and participate in meetings to discuss findings and recommendations. Collaboration with other departments, such as finance, compliance, and operations, is common to ensure all relevant data is considered. This role provides hands-on experience in risk assessment processes and working as part of a broader risk management team, making it a great opportunity to learn and grow in the field.

What are the key skills and qualifications needed to thrive in the junior risk analyst position, and why are they important?

To thrive as a Junior Risk Analyst, you need strong analytical abilities, attention to detail, and a degree in finance, economics, mathematics, or a related field. Familiarity with risk management software, Excel, data analysis tools, and an understanding of regulatory frameworks such as Basel or SOX are beneficial, and certifications like FRM or CFA are advantageous. Effective communication, critical thinking, and a collaborative mindset are key soft skills for excelling in this role. These competencies enable you to accurately assess risks, contribute valuable insights, and work seamlessly within interdisciplinary teams to support organizational decision-making.

How much do risk analysts get paid?

Risk analysts typically earn a median annual salary of around $70,000 to $90,000, depending on experience, location, and industry. Entry-level positions may start lower, while experienced analysts or those with specialized skills can earn over $100,000 annually.

How to become a junior risk analyst with no experience?

To become a junior risk analyst with no experience, focus on gaining relevant skills such as data analysis, Excel, and understanding risk management concepts through online courses or certifications. Internships or entry-level positions in finance or data analysis can provide practical experience, and a bachelor's degree in finance, economics, or a related field is often required.

What are the most commonly searched types of Risk Analyst jobs in Toronto, ON?

The most popular types of Risk Analyst jobs in Toronto, ON are:

What are popular job titles related to Junior Risk Analyst jobs in Toronto, ON?

For Junior Risk Analyst jobs in Toronto, ON, the most frequently searched job titles are:

What job categories do people searching Junior Risk Analyst jobs in Toronto, ON look for?

The top searched job categories for Junior Risk Analyst jobs in Toronto, ON are:

What cities near Toronto, ON are hiring for Junior Risk Analyst jobs?

Cities near Toronto, ON with the most Junior Risk Analyst job openings:

Junior Risk Analyst jobs near you
Infographic showing various Junior Risk Analyst job openings in Toronto, ON as of August 2026, with employment types broken down into 1% As Needed, 89% Full Time, 8% Part Time, and 2% Contract. Highlights an 86% Physical, 6% Hybrid, and 8% Remote job distribution, with an average salary of $93,058 per year, or $44.7 per hour.

Manager, Risk Supplier Management

Royal Bank of Canada

Toronto, ON • On-site

Full-time

Posted 29 days ago

Job description

Job Description

What is the opportunity?

Functions Supplier Management Office (FSMO) is seeking a Manager, Risk Supplier Management, to join our team. In this role, you will be instrumental in ensuring compliance with Third Party Risk Management (TPRM) Policy and Standards requirements and driving effective supplier governance across the Functions Portfolio. You will work collaboratively with Business partners, Centre of governance and technology teams to safeguard RBC's risk posture through comprehensive supplier due diligence and ongoing relationship management.

What will you do?

Third-Party Risk Management & Compliance

  • In accordance with RBC's Enterprise Policy on Third Party, Non-supplier third party (NSTP) and Intra-Group service providers, lead day-to-day execution of Supplier Risk Management Assessments following RBC's TPRM established processes and OSFI guidelines
  • Collaborate with key stakeholders to gather and document risk requirements for new and existing supplier engagements
  • Ensure effective management and implementation of appropriate controls for third-party arrangements aligned to TPRM policies to monitor and mitigate supplier engagement risk across the FSMO portfolio, including performance monitoring, exit strategy assurance, SOC reviews, and termination activities
  • Utilize all available tools (e.g. RBC Assist Pro, approved AI channels, dashboards) to streamline information gathering and summarizing activities as well as investigating adherence to TPRM and regulatory requirements

Issue Resolution & Escalation

  • Triage operational issues and risks, applying judgment to determine appropriate resolution or escalation to senior management
  • Work collaboratively with stakeholders to resolve issues and implement mitigation strategies

Process Improvement & Reporting

  • Support the development and maintenance of supplier risk management procedures and process documentation
  • Drive incremental improvements to existing supplier management processes to enhance effectiveness and efficiency
  • Support governance reporting and provide visibility on supplier risk posture to senior leadership
  • Document and communicate risk findings and mitigation strategies across business partners

Team Support & Knowledge Sharing

  • Provide subject matter expertise and support to business partners and junior team members
  • Contribute to continuous learning and knowledge sharing within the FSMO team

What do you need to succeed?

Must-Have

  • Bachelor's degree in Business Administration, Finance, Risk Management, or related field
  • 3-5 years of experience in risk management, supplier management, or related operational roles, including experience with risk governance practices, frameworks, and methodologies
  • Strong understanding of Third-Party Risk Management (TPRM) frameworks and regulatory requirements (OSFI, RBC policies)
  • Demonstrated ability to conduct risk assessments and compliance reviews
  • Growth mindset with demonstrated ability to learn and adapt in a fast pace regulated environment. Ability to manage competing priorities, exercise flexibility, and work with resourcefulness in a complex environment
  • Strong analytical mindset and problem-solving capabilities with attention to detail
  • Strong business acumen with an operational perspective.
  • Excellent communication skills with the ability to present information effectively to diverse audiences. Strong relationship-building and client focus capabilities

Nice-to-Have

  • Formal supplier management certifications or designations (CTPRP, CRM, or similar)
  • Working knowledge of supplier risk management tools (such as Archer or Ivalua)
  • Experience in financial services or other regulated industries
  • Proficiency with contract lifecycle management
  • Project or process improvement experience
  • Experience using approved AI tools to enhance productivity

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • A world-class training program in financial services
  • Flexible work/life balance options
  • Opportunities to do challenging and meaningful work

#LI-POST

Job Skills

Analytical Thinking, Communication, Compliance Management, Design Thinking, Financial Acumen, Interpersonal Relationships, Management Process, Operation Risk Management, Problem Solving, Process Management, Teamwork, Vendor Management, Vendor Risk Management

Additional Job Details

Address:

BAY WELLINGTON TOWER, 181 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

CHIEF LEGAL & ADMIN OFFICE GRP

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-08-04

Application Deadline:

2026-09-04

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

Employment Type: FULL_TIME

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