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

CIBC

Senior Manager, Advanced Analytics

Toronto, ON

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 ...

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 Risk Center with their mandate to implement and execute an effective risk governance management ...

Scotiabank

Director, Technology Risk

Toronto, ON · On-site

... operation of the technology and cyber issues lifecycle for the Bank, leveraging ServiceNow Integrated Risk Management as the primary platform of record. Ensure that issues arising from audits ...

Equiton

Director, Risk Management

Burlington, ON

Strong knowledge of enterprise risk management and operational risk frameworks, with the ability to apply them pragmatically in a changing business environment. * Proven ability to navigate ...

SIA

Consultant - Risk and Compliance

Toronto, ON · On-site

Provide strategic, risk-based advice to stakeholders regarding regulatory changes, emerging trends (e.g., AI governance), and operational efficiency. * Project Leadership: Manage project workstreams ...

Td

Group Risk Manager (ATH 4995)

Toronto, ON · On-site

CA$96K - CA$136K/yr

... operations associated with the Risk Management function. Credit Risk serve/provide second line of defense oversight through review, analysis, inquiry, and discussion throughout the credit life cycle ...

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

Operational Risk Manager information

See Toronto, ON salary details

$29.6K

$104.1K

$145.1K

How much do operational risk manager jobs pay per year?

As of Jun 18, 2026, the average yearly pay for operational risk manager in Toronto, ON is $104,141.00, according to ZipRecruiter salary data. Most workers in this role earn between $84,459.00 and $133,607.00 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 4 pillars of operational risk management?

The four pillars of operational risk management are risk identification, risk assessment, risk mitigation, and risk monitoring. An Operational Risk Manager uses these pillars to develop strategies that minimize potential losses from internal processes, people, systems, or external events, often utilizing tools like risk dashboards and frameworks such as Basel II. Mastery of these pillars helps ensure organizational resilience and compliance.

What does an operational risk manager do?

An operational risk manager identifies, assesses, and mitigates risks that could disrupt a company's operations, such as process failures, fraud, or system outages. They develop risk management frameworks, monitor key risk indicators, and ensure compliance with regulations to protect the organization’s assets and reputation.

Do risk managers make good money?

Operational Risk Managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, the median annual salary ranges from $80,000 to over $130,000, with additional compensation such as bonuses and benefits. Certifications like FRM or ORM can enhance earning potential in this field.

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 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 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 are the 5 steps of orm?

In operational risk management (ORM), the five key steps are: identifying risks, assessing their likelihood and impact, implementing controls to mitigate risks, monitoring the effectiveness of these controls, and reviewing and improving the risk management process regularly. These steps help operational risk managers proactively manage potential threats to an organization’s operations.
More about Operational Risk Manager jobs
What are the most commonly searched types of Operational Risk jobs in Toronto, ON? The most popular types of Operational Risk jobs in Toronto, ON are:
What job categories do people searching Operational Risk Manager jobs in Toronto, ON look for? The top searched job categories for Operational Risk Manager jobs in Toronto, ON are:
Operational Risk Manager jobs near you
Infographic showing various Operational Risk Manager job openings in Toronto, ON as of June 2026, with employment types broken down into 94% Full Time, 3% Part Time, and 3% Contract. Highlights an 89% In-person, 8% Hybrid, and 3% Remote job distribution, with an average salary of $104,141 per year, or $50.1 per hour.
Senior Manager, Advanced Analytics

Senior Manager, Advanced Analytics

CIBC

Toronto, ON

Full-time

Retirement

Posted 6 days ago

Job description

We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

What you'll be doing

Global Operational Risk Management (GORM) is responsible for oversight and management of enterprise operational risk, including establishing frameworks, policies, procedures, tools, systems and processes to identify, measure, mitigate, monitor and report operational risk across CIBC. Within GORM, the Advanced Analytics and Solutions Team supports the operational risk program by developing analytics platforms, dashboards, management applications, automation, advanced analytical assessments, statistical models, machine learning models and artificial intelligence solutions.

As a Senior Manager, Advanced Analytics, you'll design, build and support data, dashboard, modelling and artificial intelligence solutions that help GORM improve risk insight, increase productivity, strengthen consistency and support better operational risk decision-making. 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 scalable tools that support programs such as Risk and Control Self-Assessments, Change Initiative Risk Assessments, controls, deficiencies, key risk indicators, operational risk capital, analysis and reporting. You'll contribute hands-on to the design, development, testing and refinement of analytics products, while ensuring solutions are aligned with business needs, governance expectations and practical operational risk requirements.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement will be discussed at the time of your interview.

How you'll succeed

  • Deliver advanced analytics and AI solutions - Develop and support data solutions, dashboards, models and artificial intelligence-enabled tools that help operational risk teams identify insights, improve consistency and make better-informed risk decisions. Apply hands-on technical skills across design, build, testing, refinement and ongoing support activities.

  • Translate business needs into technical solutions - Work directly with stakeholders to gather requirements, understand operational risk processes, define technical requirements and deliver solutions that are practical, scalable and aligned to business needs.

  • Use data to improve operational risk management - Analyze operational risk data, including structured and unstructured information, to support programs such as Change Initiative Risk Assessments, Risk and Control Self-Assessments, controls, deficiencies, key risk indicators, reporting and operational risk capital.

  • Build dashboards, applications and automation - Contribute to the development and enhancement of visualizations, dashboards, management applications and automated reporting solutions that improve user experience, insight generation and productivity across GORM.

  • Support model and solution governance - Help ensure data, dashboards, models and artificial intelligence-enabled solutions are developed, tested, documented and maintained in a way that supports governance, compliance, reliability and ongoing performance monitoring.

  • Collaborate across teams - Partner with operational risk stakeholders, data and technology partners, and team members across different workstreams to resolve issues, support delivery and communicate technical concepts in a clear and practical way.

Who you are

  • You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.

  • You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.

  • You act like an owner. You thrive when you're empowered to take initiative, go above and beyond, and deliver results.

  • You're motivated by collective success. You know that teamwork can transform a good idea into a great one. You know that an inclusive team that enjoys working together can bring a vision to life.

  • You love to learn. You're passionate about growing your knowledge. You have a strong sense of curiosity.

  • You can demonstrate experience in data solution development, dashboard development, statistical analysis, machine learning, artificial intelligence, automation, data visualization, database querying, requirements gathering and technical delivery. It's an asset if you have experience with Python, SQL, business intelligence tools, large language models, retrieval-augmented generation, model monitoring, operational risk data, financial services data, or governance-related analytics.

  • You have a degree or diploma in computer science, engineering, data science, statistics, mathematics, business analytics, risk management or a related field of study, or equivalent work/project experience.

  • Values matter to you. You bring your real self to work and you live our values - trust, teamwork and accountability.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

  • We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

  • Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

  • We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

  • CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com

  • CIBC is committed to clarity in our hiring process. All roles posted are opportunities we're actively recruiting for, unless stated otherwise.

  • You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

  • We may ask you to complete an attribute-based assessment and other skills test (such as simulation, coding, French proficiency).

  • We use artificial intelligence tools during the recruitment process. Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-81 Bay, 31st Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Change Management, Control Frameworks, Group Problem Solving, Operation Risk Management, People Management, Process Improvements, Reporting and Analysis

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