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Portfolio Risk Manager Jobs in Ontario (NOW HIRING)

You'll own how we assess risk, make credit decisions, price appropriately, and manage portfolio performance over time. This is a builder role for someone who's comfortable operating with ambiguity ...

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Portfolio Manager

Toronto, ON ยท On-site

CA$80K - CA$100K/yr

Develop and execute strategic, risk-managed investment plans tailored to each client's unique ... Ensure all portfolio management activities adhere to strict industry regulations and firm standards.

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Portfolio Manager

Toronto, ON ยท On-site

CA$80K - CA$100K/yr

Develop and execute strategic, risk-managed investment plans tailored to each client's unique ... Ensure all portfolio management activities adhere to strict industry regulations and firm standards.

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Portfolio Manager

Kitchener, ON ยท On-site

CA$80K - CA$100K/yr

Develop and execute strategic, risk-managed investment plans tailored to each client's unique ... Ensure all portfolio management activities adhere to strict industry regulations and firm standards.

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Portfolio Manager

Kitchener, ON ยท On-site

CA$80K - CA$100K/yr

Develop and execute strategic, risk-managed investment plans tailored to each client's unique ... Ensure all portfolio management activities adhere to strict industry regulations and firm standards.

Head of Risk

Toronto, ON ยท On-site

$120 - $140/hr

Manage credit decisioning workflows, monitor portfolio health, and surface emerging risk early. * Build out our collections function, from outreach cadences and hardship handling through recovery and ...

Showing results 41-60

Portfolio Risk Manager information

See Ontario salary details

$32K

$109.9K

$175K

How much do portfolio risk manager jobs pay per year?

As of Aug 7, 2026, the average yearly pay for portfolio risk manager in Ontario is $109,890.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,000.00 and $141,500.00 per year, depending on experience, location, and employer.

How does a portfolio risk manager typically collaborate with investment teams to manage risk?

Portfolio Risk Managers work closely with portfolio managers, analysts, and traders to identify, assess, and mitigate potential risks within investment portfolios. They regularly participate in strategy meetings, provide risk analysis on proposed trades, and ensure portfolios remain aligned with the firm's risk appetite and regulatory requirements. Effective communication and data-driven insights are key, as Portfolio Risk Managers must translate complex risk metrics into actionable recommendations for the investment team. This collaborative approach helps ensure that investment decisions balance potential returns with an appropriate level of risk.

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

To thrive as a Portfolio Risk Manager, you need strong quantitative analysis, financial modeling abilities, and a solid understanding of risk management principles, often supported by a degree in finance, economics, or a related field. Familiarity with risk analytics tools such as Bloomberg, MATLAB, or SAS, and certifications like FRM or CFA are typically required. Strong communication, critical thinking, and problem-solving skills help in presenting complex risk findings to stakeholders and making sound decisions under pressure. These competencies are crucial for identifying, assessing, and mitigating risks to optimize portfolio performance and protect organizational assets.

What does a portfolio risk manager do?

A portfolio risk manager analyzes and monitors the risks associated with investment portfolios to ensure they align with the organization's risk appetite and objectives. They use tools like risk assessment models and financial data analysis to identify potential threats and implement strategies to mitigate losses, often working closely with investment teams and utilizing risk management software. Strong analytical skills and relevant certifications such as FRM or CFA are typically required for this role.
What cities in Ontario are hiring for Portfolio Risk Manager jobs? Cities in Ontario with the most Portfolio Risk Manager job openings:
Infographic showing various Portfolio Risk Manager job openings in Ontario as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $109,890 per year, or $52.8 per hour.

Senior Manager, Risk Transformation

EQ Bank | Canada's Challenger Bank

Toronto, ON โ€ข On-site

Full-time

Medical, Dental, Vision, Life, PTO

Re-posted yesterday


Job description

Join a Challenger
At EQ, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.ย 
We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.
What's kept us moving?ย  The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.
If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity.ย 
We can't wait to get to know you!ย 


The Workย 

The Senior Manager, Risk Transformation is a senior contributor responsible for supporting the execution of enterprisewide risk priorities across transformation, governance, regulatory engagement, and strategy. The role delivers outcomes aligned with Risk & Compliance senior leadership, including execution of priority regulatory and risk change initiatives, enterprise transformation work, and leadershipdirected special initiatives. The role also provides coordination and execution support across Risk and Compliance leadership.

Delivery
  • Execute against targeted delivery workstreams across enterprise risk initiatives, focusing on problem diagnosis, solution structuring, and execution.
  • Produce decisionready executive outputs by developing analysis, presentations, briefing materials, and delivery artefacts that synthesize inputs across Risk, Finance, Technology, and the Business.
  • Operate as an execution resource within delivery programs, structuring ambiguous problem sets, managing dependencies, and resolving delivery issues through coordination and influence.
  • Advance seniordirected priorities with minimal supervision, coordinating inputs and progressing defined delivery activities in support of executive and regulatory engagement.
Transformation Enablement
  • Support enterprise risk transformation initiatives by translating defined priorities into structured execution plans and delivery activities, in partnership with the Senior Director.
  • Enable change management activities across Risk and Compliance by supporting stakeholder engagement, adoption planning, communications, and execution tracking.
  • Advance leadershipdirected transformation objectives within the Risk organization by interfacing with business and functional partners, connecting Risk, Business, and delivery teams.
Governance & Regulatory Coordination
  • Support coordination of regulatory engagement activities, including OSFI meetings, regulatory correspondence, and crossfunctional preparation.
  • Act as an integration point across regulatory, audit, and governance activities, ensuring consistency of messaging, documentation, and positioning.
  • Maintain and evolve governance materials, dashboards, and reporting frameworks to support transparency, accountability, and audit readiness.
Leadership Initiatives
  • Support timebound, leadershipdirected initiatives by structuring workplans, coordinating inputs, and progressing defined activities to completion.
  • Provide targeted execution support on priority topics, preparing analysis and materials to support senior Risk leadership decisionmaking.
Portfolio Enablement
  • Support portfoliolevel risk initiatives by developing analysis and materials that provide visibility into priorities, dependencies, and delivery status across the Risk transformation portfolio.
  • Maintain and enhance portfolio reporting and dashboards to support senior leadership oversight, prioritization, and informed decisionmaking.
  • Provide analytical support on risk and financial dimensions of initiatives, including tracking impacts, tradeoffs, and resource considerations to support effective execution.
Let's Talk About You!
  • 6+ years of progressive experience in consulting, risk management, enterprise enablement, regulatory compliance, or transformation roles within financial services, preferably in a regulated banking environment.
  • Strong understanding of Canadian regulatory frameworks and expectations (e.g., OSFI E23, E21, CAR Chapters 4 & 5, B13, B10), with experience supporting regulatory engagement, reviews, or audits.
  • Demonstrated ability to operate effectively across senior leadership levels, including engagement with executives and regulatory stakeholders.
  • Proven capability to synthesize complex information and translate it into clear, concise, executivelevel materials suitable for governance and decisionmaking.
  • Sound understanding of risk management disciplines, governance structures, and enterprise change environments, including how these operate in practice.
  • Strong written and verbal communication skills, with experience authoring executive documentation, governance materials, and briefing content.
  • High degree of organizational and stakeholder acumen, with the ability to navigate ambiguity, manage competing priorities, and drive alignment through influence rather than formal authority.
  • Strong analytical and criticalthinking skills, with the ability to identify themes, gaps, and risks across concurrent initiatives.
What we offer [For full-time permanent roles]
ย 
Competitive discretionary bonusย 
Market leading RRSP match program
ย  Medical, dental, vision, life, and disability benefits
ย  Employee Share Purchase Plan
Maternity/Parental top-up while you care for your little one
Generous vacation policy and personal daysย 
ย  Virtual events to connect with your fellow colleagues
ย  Professional development and comprehensive Career Development program
ย  A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
ย 
The incumbent will be working hybrid and in office time will be spent working from EQ Bank's additional office space located atย 2200-25 Ontario Street, Toronto, ON.


Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger - and our people thrive - when we honour and celebrate diverse experiences, identities, and perspectives. We're equally committed to supporting your growth, both professionally and personally.

We provide a barrierfree recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.
EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.ย 
To learn more, visit eqb.investorroom.com and eqbank.ca.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
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