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Market Risk Manager Jobs in Alberta (NOW HIRING)

Peoples Group

AVP Credit Risk Modelling

Calgary, AB · Hybrid

Prepare quarterly stress testing results across, credit, market as well as the cards and payments business About the qualifications: * 10+ years of experience working in quantitative risk management ...

Capital Power

Sr. Analyst, Market Data

Calgary, AB · On-site

Apply risk management systems and analytical tools (ETRM, Excel, Python, R) to build, validate, and maintain pricing models and data workflows. Query and integrate market data using SQL and data APIs ...

National Bank

Manager Financing Solutions

Edmonton, AB · On-site

Advanced Financial Analysis & Risk Management * Conduct rigorous financial assessments and ... market. Your Team: In this dynamic role, you'll act as a trusted advisor to EFG business lines and ...

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Showing results 21-40

All JobsMarket Risk JobsMarket Risk Manager JobsMarket Risk Manager Jobs in Alberta

Market Risk Manager information

See Alberta salary details

$28.5K

$124.2K

$237.5K

How much do market risk manager jobs pay per year?

As of Aug 7, 2026, the average yearly pay for market risk manager in Alberta is $124,155.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,000.00 and $150,000.00 per year, depending on experience, location, and employer.

What does a market risk manager do?

A Market Risk Manager is responsible for identifying, assessing, and mitigating risks that arise from fluctuations in market variables such as interest rates, foreign exchange rates, and equity prices. They analyze trading portfolios, conduct stress tests, and develop risk management strategies to protect their organization from potential losses. Additionally, Market Risk Managers work closely with traders, analysts, and senior management to ensure that market risks are understood and maintained within acceptable levels.

Do market risk managers make good money?

Market risk managers typically earn competitive salaries that vary based on experience, location, and industry. According to industry reports, median salaries range from $80,000 to over $150,000 annually, with higher earnings possible for senior roles and those with professional certifications like FRM or CFA. Bonuses and benefits can also significantly increase total compensation in this field.

What are the key skills and qualifications needed to thrive as a market risk manager, and why are they important?

To thrive as a Market Risk Manager, you need strong quantitative analysis skills, a background in finance or economics, and often an advanced degree such as an MBA or CFA. Familiarity with risk management software (like Value-at-Risk models), statistical tools, and financial systems such as Bloomberg Terminal is typically required. Excellent problem-solving, communication, and decision-making skills set standout candidates apart in this highly analytical role. These capabilities are crucial for accurately assessing market risks, supporting sound investment decisions, and ensuring regulatory compliance in dynamic financial environments.

How does a market risk manager typically collaborate with other departments within a financial institution?

A Market Risk Manager works closely with various departments such as trading, treasury, and compliance to monitor and mitigate potential risks in the institution’s portfolio. They often consult with traders to understand new products and exposures, coordinate with IT teams to enhance risk management systems, and report findings to senior management and regulatory bodies. Regular communication and collaboration are essential to ensure all teams are aligned in managing risk effectively and responding promptly to market developments.

What is the difference between Market Risk Manager vs Credit Risk Analyst?

AspectMarket Risk ManagerCredit Risk Analyst
Required CredentialsBachelor's degree, often CFA or FRMBachelor's degree, often CFA or FRM
Work EnvironmentFinancial institutions, trading floors, risk departmentsBanks, lending institutions, credit departments
Employer & Industry UsageUsed in investment banks, asset managers, hedge fundsUsed in commercial banks, credit agencies, lending firms
Common Search & ComparisonOften compared for risk management roles in financeCompared for credit analysis roles

The Market Risk Manager focuses on identifying and managing risks related to market fluctuations, such as interest rates and stock prices. In contrast, the Credit Risk Analyst assesses the creditworthiness of borrowers to mitigate default risk. Both roles require similar credentials and are vital in financial institutions, but they specialize in different risk areas.

What are popular job titles related to Market Risk Manager jobs in Alberta? For Market Risk Manager jobs in Alberta, the most frequently searched job titles are:
What job categories do people searching Market Risk Manager jobs in Alberta look for? The top searched job categories for Market Risk Manager jobs in Alberta are:
Market Risk Manager jobs near you
Infographic showing various Market Risk Manager job openings in Alberta as of July 2026, with employment types broken down into 84% Full Time, 15% Part Time, and 1% Contract. Highlights an 82% Physical, 3% Hybrid, and 15% Remote job distribution, with an average salary of $124,155 per year, or $59.7 per hour.

Senior Model Risk & Validation Consultant

Wawanesa Insurance

Calgary, AB • Hybrid

CA$120K - CA$145K/yr

Other

Retirement, PTO

Posted 14 days ago

Job description

Job ID: 10224 


Employment Type: New Role

Work Environment: We offer a hybrid work environment that offers flexibility to our employees in balancing in-office (2 days per week OR 15 hours per week in a Wawanesa office) and remote work. You may work from any of the following locations: Winnipeg, MB; Wawanesa, MB; Vancouver, BC; Calgary, AB; Edmonton, AB; Lethbridge, AB; Toronto (North York), ON; Kitchener, ON; Ottawa, ON; Montreal, QC; Quebec City, QC, Moncton, NB; Dartmouth; NS. 

Working Business Language: English. This role is considered a head-office role and will be required to communicate with internal stakeholders across Canada where the primary business language utilized is English. 
 

Salary: At Wawanesa, salary is only one component of a holistic, comprehensive and competitive offering that we provide to our employees. In addition to salary, full-time and part-time permanent employees are eligible for an annual bonus plan, leave of absence top-up programs and provided with generous vacation time, personal days, premium free benefits and pension plan. 
 

The salary offered for this role is determined with consideration to various factors, including but not limited to: your work location, local labour market conditions, external market salary data, internal pay equity and the knowledge, skills, experience and anticipated proficiency in the role. The salary offered is estimated to be within the following range: $120,000 - $145,000. Candidates with salary expectations outside of the range are still encouraged to apply.

About The Wawanesa Mutual Insurance Company
Founded in 1896, The Wawanesa Mutual Insurance Company is one of Canada's largest mutual insurers, 100% owned by its members, with more than $4.1 billion in annual revenue and $12.5 billion in assets. Headquartered in Winnipeg, Wawanesa is the parent company of Wawanesa Life, which provides life insurance solutions throughout Canada, and Western Financial Group, a leading national distributor of personal and business insurance. In March of 2026, Wawanesa entered into an agreement to acquire Everest Insurance Company of Canada to strengthen its commercial insurance capabilities and advance its long-term growth strategy.


Wawanesa proudly serves more than 1.8 million members and we are home to more than 3,000 employees across Canada. The company actively gives back to organizations that strengthen communities, donating more than $4 million annually to charitable organizations, including more than $2 million each year in support of people on the front lines of climate change. Learn more at wawanesa.com.

We are currently looking for dedicated, driven, and enthusiastic individuals who thrive in an environment that welcomes change and are looking for an opportunity for diverse experience and advancement on a growing team.

Job Overview

Reporting into the Enterprise Risk Management function, the Senior Model Risk & Validation Consultant plays a key role in independent review, validation, and challenge of models across the enterprise, including traditional statistical models, actuarial models, machine learning and AI systems.
This role supports the organization's compliance with OSFI Guideline E 23 and evolving regulatory expectations for AI governance, fairness, transparency, and explainability, while promoting strong model risk governance and risk aware decision making across the enterprise. 
The successful candidate will bring strong data science and quantitative modeling expertise, combined with experience in model validation, independent review, or second line oversight, and will work with a high degree of autonomy to challenge model assumptions, methodologies, and controls.

Job Responsibilities

Independent Model Validation & Challenge

  • Conduct independent validation and effective challenge of enterprise wide models across the full model lifecycle, in line with OSFI Guideline E 23.
  • Review model conceptual soundness, data inputs, assumptions, methodology, performance, stability, limitations, and intended use.
  • Assess model risk severity and the adequacy of controls, overlays, monitoring, and governance arrangements.
  • Provide independent validation and risk challenge of AI and ML models, including data quality, bias, explainability and performance monitoring
  • Evaluate model reproducibility, explainability, documentation quality, and transparency.

Model Risk Governance

  • Contribute to the ongoing enhancement of the Model Risk Management Framework, including model inventory management, risk classification, validation standards and documentation requirements.
  • Support Model Risk Adjudication Committee (MRAC) activities by: 
    • Managing and updating enterprise model inventory.
    • Preparing independent validation summaries and risk assessments.
    • Tracking findings, remediation actions, and residual risk acceptance decisions.
    • Provide input into updates to model risk policies, procedures, and guidance, aligned with OSFI and AMF expectations.
    • Promote strong model development and monitoring practices across the organization through guidance, challenge, and education. 
  • Perform other duties as assigned.
Qualifications
  • Bachelor's degree in data science, actuarial science, computer sciences, mathematics, statistics or other related discipline.
  • More than six years of model development or validation experience an asset.
  • Strong programming skills with Python and SQL.
  • Experience validating or reviewing statistical, predictive, machine learning models and AI systems. 
  • Ability to clearly explain complex technical concepts to non technical stakeholders.

#LI-AF1 #LI-Hybrid


Diversity Equity, Inclusion& Belonging
At Wawanesa, we are committed to Diversity, Equity, Inclusion and Belonging (DEIB) and believe that our strength lies in the diversity of our people - this is supported by having a representative workforce.

We welcome applications from all qualified candidates, including racialized persons, women, Indigenous Peoples, persons with disabilities, members of the 2SLGBTQIA+ community, gender-diverse and neurodiverse individuals, and anyone who can contribute to the further diversification of thought and ideas. 
 

We aim to ensure our recruitment process is accessible to all candidates. If you require accommodations during any stage of the recruitment process, please reach out in confidence to jobs@wawanesa.com.
 

All Wawanesa job applicants are subject to Wawanesa's Privacy Policy.

Please note that the recruitment process for this position may involve the use of AI tools to screen, assess, or select applicants. All final decisions are taken or reviewed by human recruiters and human hiring leaders in compliance with all applicable legislation.  
 

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