1

Operation Risk Jobs in Toronto, ON (NOW HIRING)

... outcomes and operational resilience. You will translate complex risk concepts into clear ... actionable insights that resonate with diverse stakeholders, including senior leaders and ...

You'll work closely with operational risk partners to gather requirements, translate business needs into technical solutions, analyze structured and unstructured operational risk data, and deliver ...

next page

Showing results 1-20

Operation Risk information

How to get a job in operational risk?

To get a job in 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 certifications such as the Financial Risk Manager (FRM) or Professional Risk Manager (PRM) can enhance prospects. Gaining experience through internships or entry-level roles in risk management or compliance is also beneficial.

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. Senior analysts or those with specialized skills and certifications can earn higher salaries, often exceeding $120,000 annually.

Is operational risk management a good career?

Operational risk management is a valuable career path that involves identifying, assessing, and mitigating risks within an organization’s operations. It requires strong analytical skills, knowledge of industry regulations, and often certifications like ORM or FRM. The field offers opportunities for advancement in financial services, insurance, and corporate sectors.

What are the four types of operational risk?

Operational risk in the context of operational risk management roles refers to the potential for loss resulting from inadequate or failed internal processes, people, systems, or external events. The four main types are process risk, people risk, systems risk, and external event risk. Professionals in this field analyze and mitigate these risks to ensure organizational stability and compliance.

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, Business Risk, Global Transaction Banking - Toronto, ON

Senior Manager, Business Risk, Global Transaction Banking - Toronto, ON

Scotiabank

Toronto, ON

Other

Posted 18 days ago


Job description

Requisition ID: 253794 
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Global Transaction Banking

Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Small Business, Commercial and Corporate clients with effective treasury management solutions coupled with a best-in-class service model, making it easy for clients to do business with us.

As businesses build their digital capabilities and transform their operating models, their payment needs are evolving too. Boasting a unique global footprint, GTB's comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline and simplify payments, improve working capital performance, and mitigate financial risk.

At Scotiabank, we embrace your strengths, ideas, and ambitions. GTB is a fast-growing team with a focus on the Americas, particularly Canada, the U.S., Mexico, and we are seeking top tier talent to complement our organization.

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

Why Join GTB?

At Scotiabank, we don't just value talent, we champion it. GTB is a fastgrowing, highvisibility team where your ideas are welcomed, your impact is tangible, and your growth is accelerated.

You'll be part of a purposedriven, resultsoriented team that thrives in an inclusive, collaborative, and highperformance culture.

The Opportunity: Senior Manager, Business Risk

 

Step into a highimpact leadership role where you'll shape and strengthen the risk landscape of a dynamic, evolving business.

As Senior Manager, Business Risk, you will play a pivotal role in advancing GTB's NonFinancial Risk Programs. Working alongside senior leadership, you'll help drive a strong control environment, enhance risk practices, and ensure robust governance across the organization.

This role offers unmatched exposure across business lines, technology, and enterprise partners, placing you at the center of key strategic initiatives and decisionmaking.

What You'll Do

  • Drive enterprise risk excellence by leading and enhancing the Risk & Control SelfAssessment (RCSA) program
  • Influence innovation safely by guiding business and technology teams through New Initiative Risk Assessments (NIRA)
  • Shape risk insights through the development and oversight of Key Risk Indicators (KRIs)
  • Strengthen foresight by contributing to scenario analysis and operational risk insights
  • Elevate thirdparty risk practices by advising on TPRM requirements and due diligence
  • Support regulatory excellence through participation in the Enterprise Regulatory Compliance Management (eRCM) program
  • Be a trusted advisor to the business-challenging, influencing, and elevating control environments
  • Engage senior leadership with impactful reporting and insights across audit, compliance, fraud, and operational risk
  • Champion operational resilience and continuous improvement across GTB
  • Lead meaningful change through strategic projects and initiatives that improve efficiency and strengthen controls
  • Strengthen compliance oversight by supporting AML/KYC processes, managing compliance exceptions, and driving the implementation of related risk and regulatory programs
  • Deliver impactful risk insights by leading risk reporting and analytics for Core Risk Committees and other senior governance forums

What You Bring to the Table

  • A university degree; MBA, CFA, or equivalent designation is a strong asset
  • 5+ years of experience in operational risk, internal controls, or a similar discipline, ideally within capital markets or complex financial services
  • Deep expertise in risk frameworks, governance, and control design in fastpaced, multistakeholder environments
  • Strong analytical mindset with the ability to translate complex data into clear, actionable insights
  • Confidence to engage, influence, and challenge senior stakeholders with credibility and impact
  • Exceptional communication skills, able to distill complexity into compelling narratives for executives and partners
  • Advanced Excel and data analysis capabilities; experience with GRC tools is an asset
  • A proactive, adaptable approach-thriving in ambiguity and driving continuous improvement
  • Spanish language skills are a plus

Why This Role Stands Out

This isn't just another risk role, this is your chance to:

  • Work at the intersection of innovation, technology, and risk
  • Gain exposure to senior leaders and enterprisewide initiatives
  • Play a key role in a highgrowth, strategically critical business
  • Make a visible, measurable impact on how GTB operates and evolves

Ready to Take the Next Step?

Even if your experience doesn't perfectly match every requirement, we encourage you to apply, your unique perspective might be exactly what we're looking for.

At Scotiabank, you're empowered to bring your whole self to work and unlock your full potential in a culture that celebrates diversity, inclusion, and performance.

 

Interested?

If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That's why we work to grow and diversify talent and engage employees in a performance-oriented culture.

 

What's in it for you?

Scotiabank wants you to be able to bring your best self to work - and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

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.