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

KPMG

Manager, Third Party Risk

Toronto, ON · On-site

... Party Risk Management (TPRM). The successful candidate will be responsible for being a key ... Actively lead market development activities including fostering client relationships, responding to ...

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 ... The actual salary will vary depending on local market conditions, geography and relevant job ...

Robinhood

Crypto Risk Lead

Toronto, ON

As Robinhood expands its operations in Canada, we are building an independent risk management ... Access to the best AI tools on the market and continuous AI skill-building for every employee ...

RSM

Manager, Global Banks Risk Consulting

Toronto, ON · On-site

We are the leading provider of professional services to the middle market globally, our purpose is ... As a Manager in RSM's growing Risk Consulting Practice, focused specifically on serving Global ...

Cmcmarkets

Quantitative Trader

Toronto, ON

As a Quantitative Trader, you'll play a key role in managing market risk and supporting algorithmic trading on a fast-paced dealing desk. This is a dynamic position ideal for someone with front ...

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All JobsMarket Risk JobsMarket Risk Manager JobsMarket Risk Manager Jobs in Toronto, ON

Market Risk Manager information

See Toronto, ON salary details

$27.2K

$118.5K

$226.7K

How much do market risk manager jobs pay per year?

As of Sep 4, 2026, the average yearly pay for market risk manager in Toronto, ON is $118,486.00, according to ZipRecruiter salary data. Most workers in this role earn between $84,936.00 and $143,151.00 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.

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 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.

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.

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 those with advanced certifications like FRM or CFA and extensive experience. Bonuses and benefits can also significantly increase total compensation in this role.

What are popular job titles related to Market Risk Manager jobs in Toronto, ON?

For Market Risk Manager jobs in Toronto, ON, the most frequently searched job titles are:

What job categories do people searching Market Risk Manager jobs in Toronto, ON look for?

The top searched job categories for Market Risk Manager jobs in Toronto, ON are:

Market Risk Manager jobs near you
Infographic showing various Market Risk Manager job openings in Toronto, ON as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 81% Physical, 4% Hybrid, and 15% Remote job distribution, with an average salary of $118,486 per year, or $57 per hour.

Lead Software Engineer with Capital Markets

Scotiabank

Toronto, ON • On-site

Full-time

Retirement, PTO

Re-posted 28 days ago

Job description

Requisition ID: 269151 
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Team

The Global Market Risk Technology team is a crucial part of the Global Banking & Markets Engineering group. This is an opportunity to work in the exciting world of Capital markets and Market Risk Management. We are looking for a Lead Software Engineer to join the Market Risk Technology team.

The Role

 

As part of the engineering team, you will be contributing to design and development of very large complex market risk system using Java, Python, .NET, Oracle and Postgres DBs, and supporting the delivery of highavailability applications for Global Risk Management and regulatory needs.

You will also assist the level 1 support team and business users by troubleshooting and resolving application issues.

This role provides a great opportunity to use and sharpen multiple platform technical skills at once and further to learn the risk management knowledge. You will work with various technical and business partners to understand requirements, contribute to the analysis, design and implement effective technical solutions.

Is this role right for you? In this role you will:

 

  • Work with Sr. Management/Director of the team to drive strategy to transform and modernize our market risk management platforms using new technologies and tools available that best support the business needs and growth.
  • Work closely with business analysis, technology teams and end users to understand business needs, conduct gap analysis and requirements assessments as needed.
  • Partner with Architecture team on the design and integration.
  • Lead in the design, development and implementation of effective and quality solutions that resolve highly complex business problems and support smooth production.  
  • Ensure that delivery meets the integrity, quality, performance and reliability requirements including using automated testing and regression suites and use of DevOps principles.
  • Proactively ensure the system meets the highest standards for Audit, compliance and currency requirements and lead audit reviews and closures.
  • Coordinate infrastructure needs for covering securities, currency requirements and requisitioning Unix and Windows Servers, Cloud based infrastructure, databases and assist actively with documentational requirements.  
  • Design test cases and automate where possible, including functional and nonfunctional testing, regression testing as well as performance testing.
  • Write deployment scripts and leverage tools such as Azure DevOps and the Scotia Accelerator pipelines to promote code.
  • Effectively communicate with technical and non-technical audiences
  • Be flexible and thrive in an evolving environment including AI use cases
  • Have broad and deep technical knowledge across different platforms and environments such as private and public clouds.
  • Oversee and improve team engineering standards, including managing peer code review and documentation.
  • Independently manage non-production environments, code repositories, development pipelines/deployments and release management.
  • Lead monthly release planning for the engineering team.
  • Coach and mentor junior staff and play a leading role in driving the team skills development and team success.
  • This role is expected to evolve into a people manager role.

This role is based in Toronto with an office policy of 2 days and soon to be 4 days per week.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

  • University degree in Engineering, Computer Science, Finance, or a related field, with 15+ years of progressive IT experience.
  • 10+ years of Software development experience in other Languages such as Java, Linux Shell, Python or .NET.  
  • 10+ years of RDBMS Oracle or Postgres DB or a major SQL vendor
  • 10+ years of experience with unit-testing, code for robustness, usability and improving application performance
  • 5+ years' experience designing and developing large-scale software applications, considering security, scalability requirements and system modernization.
  • 5+ years' experience in independently leading the full software development lifecycle including overseeing the delivery of other partners such as BAs and other stakeholders.
  • Proficient understanding of code versioning tools, such as GIT
  • Deep knowledge with CI/CD and DevOps best practices.
  • Strong problemsolving skills and the ability to clearly document processes and findings.
  • Excellent communication and documentation on architecture, design, requirement and test cases.
  • 10+ years of experience supporting systems or applications in a production environment.
  • 5+ years of experience in capital market experience, prefer market risk management experience.
  • Knowledge of public cloud, Kubernetes and Docker are assets.

What's in it for you?

  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We provide you with the tools and technology needed to create new customer experiences.
  • You'll get to work with and learn from diverse industry leaders, who have hailed from top technology companies around the world
  • Onsite cafeteria.
  • Dress codes don't apply here, being comfortable does.
  • We offer a competitive total rewards package that includes a base salary, a performance bonus, company matching programs (pension & profit sharing), generous vacation, personal & sick days, personal development funding, maternity leave top-up, parental leave and much more.

Location(s):  Canada : Ontario : Toronto 
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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