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Operation Risk Jobs in Toronto, ON (NOW HIRING)

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 ...

Operational Risk Analyst

Toronto, ON ยท Hybrid

CA$60K - CA$80K/yr

Reporting to the Head of Risk, TSX Trust, the Operational Risk Analyst is a critical second-line defense role focused on the integrity of our internal ecosystem. You will be responsible for ensuring ...

The Manager, Operational Risk Management, will be responsible for assisting the Head of Risk for GWAM's North America Retail and Operations lines with their mandate to implement and execute an ...

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Operation Risk information

What is an operational risk job?

An operational risk job involves identifying, assessing, and managing risks that arise from internal processes, people, systems, or external events within an organization. Professionals in this field analyze potential vulnerabilities, develop mitigation strategies, and often use tools like risk management software to ensure business continuity and compliance.

How much do operational risk analysts make?

Operational risk analysts typically earn a median annual salary of around $70,000 to $100,000, depending on experience, location, and industry. They often require strong analytical skills and knowledge of risk management tools to perform their duties effectively.

How to get into operational risk?

To enter operational risk, candidates typically need a bachelor's degree in finance, business, or a related field, along with strong analytical and problem-solving skills. Relevant experience in risk management, compliance, or internal controls, as well as certifications like FRM or ORM, can improve job prospects. Entry-level roles often require familiarity with risk assessment tools and a good understanding of organizational processes.

What are the 4 operational risks?

Operational risk in the context of operations management refers to the potential for loss resulting from failed internal processes, people, systems, or external events. The four main types are process risk, people risk, systems risk, and external event risk. Managing these risks involves implementing controls, training, and contingency plans to ensure smooth operations.

What is the difference between Operation Risk vs Compliance Analyst?

AspectOperation RiskCompliance Analyst
Required CredentialsRisk management certifications, such as FRM or CRMCertifications like CAMS, CFE, or compliance-specific training
Work EnvironmentFinancial institutions, banks, or large corporations focusing on risk mitigationRegulatory agencies, financial firms, or corporations ensuring adherence to laws
Employer & Industry UsageCommon in banking, finance, and insurance sectorsWidely used in finance, banking, and corporate compliance departments

Operation Risk professionals focus on identifying, assessing, and mitigating risks that could impact business operations. Compliance Analysts ensure adherence to laws, regulations, and internal policies. While both roles involve risk management, Operation Risk is broader, emphasizing operational threats, whereas Compliance Analysts specialize in regulatory compliance.

What job categories do people searching Operation Risk jobs in Toronto, ON look for? The top searched job categories for Operation Risk jobs in Toronto, ON are:
Senior Manager, Operational Risk Management - HR-BMCC

Senior Manager, Operational Risk Management - HR-BMCC

Royal Bank of Canada

Toronto, ON โ€ข On-site

Full-time

Posted 7 days ago


Job description

Job Description

What is the opportunity?

Senior Manager, HR Operational Risk Management is responsible for leading the management and execution of Operational Risk processes within RBC's HR, Brand, Marketing, and Corporate Citizenship (HR-BMCC) Function. In this role you will lead the execution of Operational Risk processes ensuring adherence to RBC Risk Management Policies and Standards. You will work to develop strategic solutions to address enhancements in Risk Management, providing leadership to the team in managing Operational Risk exposures.

Primary Responsibilities:

What will you do?

  • Lead the execution of the Operational Risk Management program, in accordance with Enterprise policies and standards. Risk Management activities include, risk and control identification and assessment, risk event data collection and analysis, monitoring of key risk indicators and analysis of emerging risk exposures.

  • Execute Risk & Control Self-Assessment (RCSA) practices in alignment with established procedures and processes.

  • Reporting to senior leadership on topics of Operational Risk Management, enhancing their ability to anticipate and manage operational risk effectively.

  • Provide recommendations for risk mitigation, developing action plans and leveraging business knowledge to support conclusions on risk exposures.

  • Participate in transformational projects by leading change initiative risk assessments, providing expert advice on risk impact associated with prospective change.

  • Ensure embedded responsibility, ownership, and awareness of risk accountability amongst HR-BMCC leadership and downward reporting lines.

  • Act as a key integration point between first line HR-BMCC and second line Groups Risk Management and Risk Area Centres of Governance.

  • Responsible for the implementation of HR-BMCC's Culture, Conduct & Reputation Risks program in alignment with enterprise framework.

  • Oversee HR-BMCC's Business Continuity Management program, ensuring Business Continuity Plans are documented and maintained across the HR-BMCC Function, to be leveraged upon incident occurrence.

Position Specifications:

What do you need to succeed?

Must Have:

  • Strong knowledge of RBC's policies and procedures specific to Group Risk Management and other Risk Area Centres of Governance.

  • Relevant Operational Risk Management experience, delivering risk-management specific programs.

  • Maturity level and skill/judgement to be able to deal effectively with senior leaders within HR.

  • Ability to assess and respond quickly to change and priorities with a continuous improvement mindset.

  • Comprehensive presentation, advocacy, and communication (verbal and written) skills.

  • Analytical (qualitative and quantitative) and problem-solving skills with focus on attention to detail

  • Strong interpersonal skills, professionalism, and stakeholder relationship management.


Nice to Have:

  • Working knowledge of Governance, Risk and Compliance (GRC) solutions at RBC (e.g., Archer, EIM, ORMS).

  • Experience as a People Manager, overseeing and directing a team of reports.

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.

  • Opportunities to do challenging work.

Job Skills

Analytical Thinking, Communication, Long Term Planning, Multi-Level Communication, Operational Risks, Operation Risk Management, Process Improvements, Risk Control, Risk Management, Senior Management Reporting, Time Management

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

HUMAN RESOURCES & BMCC

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-06-15

Application Deadline:

2026-07-16

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