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Operational Risk Manager Jobs in Cambridge, ON (NOW HIRING)

Manager, GWAM Risk Center

Waterloo, ON · Hybrid

CA$88K - CA$138K/yr

The Manager, Operational Risk Management, will be responsible for assisting the AVP Head of GWAM Risk Center with their mandate to implement and execute an effective risk governance management ...

Director, Operational Resilience

Waterloo, ON · Hybrid

CA$125K - CA$175K/yr

Manage Bank's Operational Risk and Resilience program, partnering with the Global functions to design effective monitoring & controls. * Oversee and execute the Bank's ongoing Third Party Risk ...

... operations across Canada. Wood offers the opportunity and flexibility to balance work in the office ... Directs and supervises technical assignments and manage entire projects or specific elements of ...

... operations. Working closely with the Director, Information Security & IT Risk, this role will support the continued maturation of FCT's information security risk management program, including AI ...

Risk Management * Identify, assess, and mitigate operational risks across the portfolio. * Ensure adherence to health & safety standards, emergency protocols, insurance requirements, and preventative ...

Keep abreast of all industry developments and regulatory changes and assist in projects related to operational risk and compliance. Share key learning and knowledge lessons at team meetings. Managing ...

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Showing results 1-20

Operational Risk Manager information

See Cambridge, ON salary details

$29.3K

$103.1K

$143.6K

How much do operational risk manager jobs pay per year?

As of Aug 22, 2026, the average yearly pay for operational risk manager in Cambridge, ON is $103,072.00, according to ZipRecruiter salary data. Most workers in this role earn between $83,592.00 and $132,236.00 per year, depending on experience, location, and employer.

What does an operational risk manager do?

An operational risk manager works to identify and limit the risk associated with a company’s operations. As an operational risk manager, your responsibilities involve assessing business operations, identifying issues, and creating reports on your findings. You then help develop policies and implement changes to lessen operational risks. Other duties include continually monitoring the business to find potential new threats and ensuring company compliance with laws and regulations.

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

To thrive as an Operational Risk Manager, you need a solid understanding of risk assessment, regulatory compliance, and internal controls, typically supported by a degree in finance, business, or a related field. Familiarity with risk management frameworks, GRC (governance, risk, and compliance) systems, and certifications such as FRM or ORM are highly valued. Strong analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These competencies are crucial for identifying, mitigating, and communicating operational risks, ensuring organizational stability and regulatory adherence.

What are some common challenges faced by operational risk managers in maintaining effective risk controls across different departments?

Operational Risk Managers often encounter challenges in ensuring consistent risk controls due to varying processes, priorities, and risk appetites across departments. Communication gaps and resistance to change can make it difficult to implement standardized procedures. Successfully overcoming these challenges involves building strong cross-functional relationships, conducting regular training, and fostering a risk-aware culture to ensure alignment on risk management practices throughout the organization.

What is the difference between Operational Risk Manager vs Risk Analyst?

AspectOperational Risk ManagerRisk Analyst
CertificationsCFA, FRM, or similarCFA, FRM, or similar
Work EnvironmentFinancial institutions, banks, insurance companiesFinancial firms, consulting, corporate risk teams
ResponsibilitiesIdentify, assess, and mitigate operational risks; develop risk frameworksAnalyze risk data, support risk assessments, prepare reports

The Operational Risk Manager focuses on managing and mitigating operational risks within organizations, often holding certifications like CFA or FRM. In contrast, Risk Analysts primarily analyze risk data and support risk management processes. Both roles are vital in financial sectors and share similar credentials, but the Operational Risk Manager has a broader responsibility for risk mitigation strategies.

What cities near Cambridge, ON are hiring for Operational Risk Manager jobs?

Cities near Cambridge, ON with the most Operational Risk Manager job openings:

Infographic showing various Operational Risk Manager job openings in Cambridge, ON as of August 2026, with employment types broken down into 1% As Needed, 85% Full Time, 13% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $103,072 per year, or $49.6 per hour.

Manager, GWAM Risk Center

Manulife

Waterloo, ON • Hybrid

CA$88K - CA$138K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 8 days ago


Job description

Global Wealth & Asset Management (GWAM) is the global asset management arm of Manulife and provides fee-based wealth solutions to retail, retirement and institutional customers around the world.

The Manager, Operational Risk Management, will be responsible for assisting the AVP Head of GWAM Risk Center with their mandate to implement and execute an effective risk governance management program, and with overseeingoperational risk mitigation activities for the GWAM segment.

Position Responsibilities:

  • Support the creation and delivery of tools and reports that meet corporate risk, business, client, and regulatory needs.
  • Support the GWAM Risk Management Committee with reporting and action plan tracking.
  • Review and support the GWAM business Risk Officers for operational risk event management and corrective action plan tracking.
  • Consolidate and report incidents, issues, actions, and other risk programs.
  • Aggregate various metrics across the GWAM businesses.
  • Monitor and maintain key elements of the risk program, including the status and completion of business assessments and change management initiatives.
  • Coordinate with other Manulife risk functions for reporting and analysis on corporate risk programs to support risk governance activities across GWAM.
  • Build strong relationships with other risk team members to ensure timely, accurate, and efficient management reporting.
  • Contribute to Risk Management initiatives and projects.
  • Handle ad-hoc requests or inquiries with responsiveness and attention to detail.

Required Qualifications:

  • 4+ years of experience in risk management, finance, or audit.
  • Strong analytical, problem-solving, and critical thinking skills.
  • Exceptional attention to detail.
  • Ability to collect, analyze, and present data and information effectively.
  • Skilled at synthesizing complex information from various sources to identify key insights and issues.
  • Excellent written and verbal communication skills.
  • Highly organized with an ability to work in a fast-paced, multi-stakeholder environment and manage multiple priorities.
  • Collaborative team player with a positive, proactive attitude.
  • Proficiency in Microsoft Office (Excel, PowerPoint, Word, SharePoint).
  • Bilingualism (English and French) is a strong asset. If the successful candidate is in Quebec, proficiency in both languages will be required to support clients from various provinces outside of Quebec.
  • Preferred Qualifications:
  • Familiarity with the Asset and Wealth Management industry is an advantage.


When you join our team:

  • We'll empower you to learn and grow the career you want.
  • We'll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
  • As part of our global team, we'll support you in shaping the future you want to see.

#LI-Hybrid

The role being advertised is an existing vacancy.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact hr@manulife.com.

Referenced Salary Location

Montreal, Quebec

Working Arrangement

Hybrid

Salary range is expected to be between

$88,800.00 CAD - $138,800.00 CAD

Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. If you are applying for this role outside of the primary location, please contact hr@manulife.com for the salary range for your location.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact hr@manulife.com for more information about U.S.-specific paid time off provisions.

We use data and analytics technologies, such as artificial intelligence (AI), and automated processing tools, to analyze and process the information you provide to us or third parties in the application process. For more information, please refer to our personal information collection statement.