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Operational Risk Jobs in Ontario (NOW HIRING)

DUCA Financial Services Credit Union Ltd.

Senior Operational Risk Analyst , Business Continuity & Operational Resilience DUCA is looking for a Senior Operational Risk Analyst , Business Continuity & Operational Resilience to join our growing ...

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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.
Corporate Risk Operations, Risk Analyst

Corporate Risk Operations, Risk Analyst

Sun Life Financial

Toronto, ON • Hybrid

Full-time

Medical, Life, PTO

Posted 5 days ago

Sun Life Assurance Company of Canada rating

8.6

Company rating: 8.6 out of 10

Based on 18 frontline employees who took The Breakroom Quiz

78th of 281 rated insurance

Job description

You are as unique as your background, experience and point of view. Here, you'll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Corporate Risk - "Risk management is aligned with the corporate vision, mission and strategy, and is embedded within the business management practices of every business segment."

Our goal is to blend innovation with practical risk management expertise, ensuring that we not only meet but exceed the evolving needs of our stakeholders in an ever-changing landscape.

This position offers an exciting opportunity for the Risk Analyst to play a critical role on Sun Life's Corporate Risk Operations (CROps) team.The Risk Analyst will work with Corporate Risk partners and Product Owners in advancing risk services initiatives aimed at increasing both efficiency and effectiveness.

What will you do?

Enterprise and Operational Risk Reporting Framework

  • Assist in the development and maintenance of Enterprise and Operational Risk Reporting Framework

  • Consult on risk reporting requirements and streamlining opportunities; assist in the design and implementation of operational risk reporting solutions

  • Prepare risk data and apply automation, analytics software and tools to inform process owners

Risk Policies Lifecycle Management and Governance

  • Assist in managing risk policies lifecycle, including the preparation of reports to senior management and the Board on policy compliance status

1st line (1A and 1B) Corporate Risk Management

  • Assist with 1st line operational risk management tasks (risk assessments, RCSA, BEQ, PNC, TPRM, ORE reporting, KRI management)

  • Support Corporate Risk Business Continuity and Crisis Management activities

Risk Controls Management

  • Conduct risk control testing and monitoring (RDARR, Segregated Fund, Operational Risk EaR); maintain and update risk control documentation and matrices

What do you need to succeed?

  • 2 to 3 years of experience in a risk management or process optimization role

  • Advanced time management and organizational skills

  • Excellent communication skills (written and oral)

  • Results oriented team player

  • Strong attention to detail

  • Willingness to learn

  • Experience with Microsoft Office Suite of applications (Word, PowerPoint, Excel, Outlook).

Preferred:

  • University degree or equivalent in Business, Management, Accounting, Engineering is an asset

  • Experience with Microsoft SharePoint and Tableau is an asset

  • Experience in process mapping as well as identification and assessment of processes is an asset.

  • Experience completing and summarizing market research is an asset

What's in it for you?

  • Hybrid work environment

  • A friendly, collaborative, and inclusive culture

  • 15 vacation days per year

  • Flexible Benefits from the day you join to meet the needs of you and your family

  • Pension, stock and savings programs to help build and enhance your future financial security

  • The opportunity to move along a variety of career paths with amazing networking potential

  • Access to our Global Learning Centre, available 24/7 for your learning needs

  • Wellness programs that support the three pillars of your health - mental, physical and financial

  • We are honoured to be recognized as a 2022, 2023, 2024, 2025 and 2026 Best Workplaces in Canada by Great Place to Work Canada

#LI-Hybrid

The Base Pay range is for the primary location for which the job is posted. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible Sun Life employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.

Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our Clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation in the application process, or those needing job postings in an alternative format, may e-mail a request to thebrightside@sunlife.com.

We are proud to be a hybrid organization that offers our employees the choice and flexibility to work from both the office and virtually based on the needs of the business, our Clients and you! Several work options are available and can be discussed throughout the selection process depending on the role requirements and individual needs.

We may use artificial intelligence to support candidate sourcing, screening, interview scheduling.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.

Salary Range:

60,000/60 000 - 97,000/97 000

Job Category:

Risk Management

Posting End Date:

20/07/2026

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