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Operational Risk Jobs in Ontario (NOW HIRING)

TMX Group

Operational Risk Analyst

Toronto, ON · 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 ...

Manulife

Manager, Operational Risk, GWAM

Toronto, ON · Hybrid

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 ...

Manulife

Manager, Operational Risk, GWAM

Waterloo, ON · Hybrid

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 ...

Lbg

Operational Risk Capital Manager. SALARY: 67,000 to 81,900pa plus an extensive benefits package. LOCATION: Edinburgh, Bristol or Leeds. HOURS: Full-time. WORKING PATTERN : Our work style is hybrid ...

Lloyds Banking Group

Operational Risk Capital Manager. SALARY: 67,000 to 81,900pa plus an extensive benefits package. LOCATION: Edinburgh, Bristol or Leeds. HOURS: Full-time. WORKING PATTERN : Our work style is hybrid ...

MBNA

Operational Risk Capital Manager. SALARY: 67,000 to 81,900pa plus an extensive benefits package. LOCATION: Edinburgh, Bristol or Leeds. HOURS: Full-time. WORKING PATTERN : Our work style is hybrid ...

Bank of Scotland

Operational Risk Capital Manager. SALARY: 67,000 to 81,900pa plus an extensive benefits package. LOCATION: Edinburgh, Bristol or Leeds. HOURS: Full-time. WORKING PATTERN : Our work style is hybrid ...

Lloyd's

Senior Associate - Operational Risk (Advisory & Oversight) Location: London Department: Risk Management | Lloyd's About Lloyd's Lloyd's is the world's leading marketplace for insurance and ...

Scotiabank

Manager, Risk Operations

Toronto, ON · On-site

Execute the bank's operational risk event program. Support the identification, assessment, entry, tracking and remediation of incidents with financial loss impacts in accordance with Global ...

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Operational Risk information

How does an Operational Risk professional typically interact with other departments within an organization?

Operational Risk professionals work closely with a variety of teams, such as compliance, internal audit, IT, and business units, to identify and assess risks that could impact the organization's operations. They often facilitate risk assessments, lead training sessions on risk awareness, and collaborate on developing controls and mitigation strategies. Building strong relationships and communicating effectively across departments is essential, as much of the role involves influencing others and ensuring risk management practices are integrated into daily operations.

What is operational risk?

Operational risk refers to the potential for losses resulting from inadequate or failed internal processes, people, systems, or external events. Unlike credit or market risk, operational risk is related to the day-to-day operations of a business and can include issues such as fraud, system failures, natural disasters, or human error. Managing operational risk is essential for organizations to ensure business continuity, regulatory compliance, and to protect their reputation and assets.

What are the 4 operational risks?

Operational risk in the context of operational risk 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. Managing these risks involves implementing controls, monitoring, and compliance measures to minimize impact.

What is the highest paying risk management job?

The highest paying risk management roles are often senior positions such as Chief Risk Officer (CRO) or Director of Risk Management, with salaries exceeding $200,000 annually. These roles require extensive experience, advanced certifications like FRM or PRM, and strong leadership skills in overseeing enterprise-wide risk strategies.

What is an operational risk job?

An operational risk job involves identifying, assessing, and managing risks arising from internal processes, people, systems, or external events that could disrupt business operations. Professionals in this field analyze data, develop risk mitigation strategies, and often use tools like risk management software to ensure organizational stability and compliance.

What is the difference between Operational Risk vs Credit Analyst?

AspectOperational RiskCredit Analyst
Required CredentialsCertifications like FRM, PRM often preferredCertifications such as CFA, credit-specific courses
Work EnvironmentBanking, financial institutions, risk management departmentsBanking, lending institutions, financial services
Employer & Industry UsageUsed across financial sectors to manage risksUsed in lending to assess creditworthiness
Comparison Search IntentUnderstanding risk management rolesAssessing credit risk and loan eligibility

Operational Risk focuses on identifying and mitigating risks within business operations, including processes, systems, and people. Credit Analysts evaluate the creditworthiness of individuals or companies to determine loan eligibility. While both roles are within the financial industry, Operational Risk professionals concentrate on risk management frameworks, whereas Credit Analysts focus on credit assessment and lending decisions.

Is risk advisory a good career?

Risk advisory is a viable career path within the broader field of operational risk management, focusing on identifying and mitigating organizational risks. It often requires strong analytical skills, knowledge of industry regulations, and certifications such as FRM or CRM. The role offers opportunities for advancement and specialization in areas like compliance, cybersecurity, and financial risk.

What are the key skills and qualifications needed to thrive as an Operational Risk professional, and why are they important?

To thrive as an Operational Risk professional, you need strong analytical skills, risk assessment expertise, and a background in finance, business, or risk management, often supported by relevant certifications such as FRM or ORM. Familiarity with risk management frameworks, data analysis tools, and governance, risk, and compliance (GRC) systems is typically required. Exceptional communication, attention to detail, and problem-solving abilities are crucial soft skills for identifying risks and collaborating across departments. These skills ensure that operational risks are effectively identified, assessed, and mitigated, protecting the organization from potential losses and regulatory issues.
What are the most commonly searched types of Operational Risk jobs in Ontario? The most popular types of Operational Risk jobs in Ontario are:
What are popular job titles related to Operational Risk jobs in Ontario? For Operational Risk jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Operational Risk jobs in Ontario look for? The top searched job categories for Operational Risk jobs in Ontario are:
Operational Risk jobs near you
Infographic showing various Operational Risk job openings in Ontario as of July 2026, with employment types broken down into 86% Full Time, 13% Part Time, and 1% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution.

Operational Risk Manager

Connor, Clark & Lunn Financial Group Ltd.

Toronto, ON • Hybrid

CA$105K - CA$155K/yr

Other

Posted 7 days ago

Job description

Interested in joining one of Canada's top performing asset managers? We are looking for an Operational Risk Management Manager (ORM) to join our Operational Risk Team. Operational Risk Management (ORM) plays an essential role in driving and embedding a risk intelligent culture and operational excellence across our firm. You will have the opportunity to work closely with multiple internal and external business partners including external auditors, middle & back-office teams, compliance officers and senior leaders. Familiarity with the investment industry and its standards as well as a variety of business applications and technologies assist in you adding value from day 1!
 
What You Will Do
  • Play a leadership role in the coordinating the SOC1 audit, internal controls review, and security attestations working with business, operational and technology teams and external auditors.
  • Work collaboratively with the ORM team and business partners to identify, monitor and report on operational risk incidents, issues, trends and outcomes to Senior Leaders on a regular basis.
  • Collaborate with the Senior Leaders, business, and project teams to identify and assess operational risks, review the effectiveness of controls, mitigation strategies or improvement plans.
  • Provide recommendations for cost effective operational risk mitigation strategies or action items across all business areas, projects or other strategic initiatives.
  • Evolve and progress the Operational Risk Management framework, policies and procedures in line with business and industry developments.
  • Lead training and educational seminars on Risk Intelligent culture and components parts of the Operational Risk framework and platform.
  • Research and share knowledge of latest operational risk management techniques and practices across the team; leverage your experience to implement leading practices
What You Bring 
  • Passion for Operational Risk Management - you have a minimum of 7 years in internal audit or Operational Risk Management experience, ideally in financial services. You have expert knowledge of SOC1 reporting, risk and control management frameworks, and broad-based business practices. Your organizational, project management skills and subject matter expertise are critical success factors.  Completion of relevant qualification or certification is an asset.
  • Influencer - you are a thought leader and influencer and are able to work successfully with a diversity of individuals and teams at all organization levels. Your excellent communications skills enable you to foster a risk intelligent culture, effectively share your ideas and productively challenge the status quo.
  • Problem Solver - you are a creative thinker and possess an analytical mindset. You enjoy asking questions, identifying root causes and can solve problems.
  • Collaborator - you have a collaborative spirit for developing and maintaining productive relationships. You have a genuine interest in understanding others and their individual perspectives and concerns.
  • Accountability - you have the ability to work independently and as part of a team, taking responsibility for the work you and/or the team does.
  • Continuous Process Improvement Mindset - you constantly take a critical eye to processes with the goal of finding improvement opportunities and are determined to meet short and long-term goals.
  • Adaptability - you like change and can seamlessly adapt to changes in the environment, the industry, our business and priorities.  You take a flexible approach to reach outcomes, course correct as required and embrace uncertainty.
  • Investment Industry Knowledge - experience in or genuine interest for the investment or similar financial services industry will be beneficial to your success.

The salary range for this position is $105,000 to $155,000. The salary range provided reflects the base salary range for this position as required by legislation. In addition, there is an annual performance bonus which contributes to the total compensation for this position. Further questions may be directed to the HR team during the interview process. 
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