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Project Risk Management Jobs in Toronto, ON (NOW HIRING)

Ensure project delivery aligns with client objectives, budgets, timelines, and quality standards ... Proven track record leading cyber or risk management programs in a consulting or advisory context ...

Risk Analyst

Toronto, ON · On-site

CA$95K - CA$105K/yr

We are lookig for a Risk Analyst for a Rail & Transit project in Ontario. * Assist with the implementation and management of risk management services per the mission and goals of projects and ...

Program Risk Manager

Toronto, ON · Hybrid

CA$130K - CA$148K/yr

Cultivate a strong, proactive risk management mindset and culture with business partners * Manage and prioritize risk projects, consistently driving and delivering results * Ensure adherence to ...

The role focuses on content governance, digital communications, project coordination, and maintaining enterprise-facing risk management content and collaboration platforms. Key Responsibilities:

This role will be supporting the Risk team on various projects * Assist with the implementation and management of risk management services per the mission and goals of projects and programs from ...

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Project Risk Management information

See Toronto, ON salary details

$26.2K

$86.3K

$157.5K

How much do project risk management jobs pay per year?

As of Jun 9, 2026, the average yearly pay for project risk management in Toronto, ON is $86,310.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,600.00 and $104,977.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the Project Risk Management position, and why are they important?

To excel in Project Risk Management, you need strong analytical abilities, knowledge of risk assessment methodologies, and often a degree in business, engineering, or a related field. Familiarity with risk management software like Primavera Risk Analysis, MS Project, and certifications such as PMI-RMP (Project Management Institute – Risk Management Professional) are highly valued. Outstanding communication, problem-solving, and stakeholder management skills are crucial for building consensus and addressing uncertainties proactively. These skills enable professionals to anticipate, mitigate, and manage project risks, safeguarding project objectives and organizational success.

What are some common challenges faced in a Project Risk Management role, and how are they typically addressed?

Professionals in Project Risk Management often encounter challenges such as identifying emerging risks, balancing risk mitigation with project timelines and budgets, and securing stakeholder buy-in for risk response strategies. These challenges are typically addressed by establishing effective communication channels across cross-functional teams, implementing robust risk monitoring systems, and conducting regular risk assessments throughout the project lifecycle. Collaborating closely with project managers and team members helps ensure that risks are addressed proactively rather than reactively. Over time, experience and strong analytical skills further help professionals adapt their strategies to handle complex and evolving project scenarios.

What is a Project Risk Management job?

A Project Risk Management job involves identifying, analyzing, and mitigating risks that could impact a project's success. Professionals in this role develop risk management plans, monitor potential threats, and implement strategies to minimize project disruptions. They work closely with project managers and stakeholders to ensure risks are proactively addressed. Effective risk management helps projects stay on schedule, within budget, and meet their objectives.

What are the 3 C's of risk management?

In project risk management, the 3 C's typically refer to Communication, Coordination, and Collaboration, which are essential for identifying, assessing, and mitigating risks effectively. These elements help ensure that team members share information, work together, and respond promptly to potential issues throughout the project lifecycle.
What are popular job titles related to Project Risk Management jobs in Toronto, ON? For Project Risk Management jobs in Toronto, ON, the most frequently searched job titles are:
Director, Program Management (IT Risk)

Director, Program Management (IT Risk)

Scotiabank

Toronto, ON • On-site

Other

Medical, Dental, Vision, Retirement, PTO

Posted 7 days ago


Job description

Requisition ID: 263253 
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Role


Director Program Management, reports to the Director & Head, Portfolio Management, IT Risk, supporting the Enterprise Office of the CIO within technology. This role is integral to the delivery of project and program portfolio and is accountable primarily for leading the provision of risk management guidance and oversight to Internal Audit and regulatory remediation projects.


With in-depth knowledge of Operational IT Risk and regulatory remediation experience, the Director Program Management brings a risk management mindset to Audit and regulatory remediation projects and drives increased quality of risk remediation project deliverables and achieve greater alignment with QA processes, Internal Audit and regulatory expectations.


This dynamic position provides opportunities for the ideal candidate to collaborate with cross-functional teams across the enterprise and work to deliver complex enterprise-wide initiatives as part of Scotiabank's ongoing plan to improve IT Risk Management and governance. 


What will you do?


   Risk Management Leadership: Provide risk management leadership for assigned portfolio and serve as a key advisor to executive leadership and project teams on technology risk management within IT risk remediation projects.  


   Enterprise Risk Awareness: Maintaining a thorough understanding of Scotiabank's policies and standards, internal controls and IT control testing methodologies as well as related regulatory and industry compliance standards.  Understand how the Bank's risk appetite and risk culture should be considered in day-to-day risk remediation initiatives and decisions.


   Strategic Planning: Provide strategic direction and leadership to cross-functional teams, ensuring alignment with ScotiaTech's strategic goals and business objectives, while cultivating a consistent and standardized approach to producing risk aligned audit and regulatory project deliverables.

   Project Support: Provide operational risk expertise support to regulatory projects    Provide risk management support for planning and prioritizing initiatives across portfolios that support business strategy.

  Support the remediation of regulatory and compliance gaps, including the creation and maintenance of artifacts related to regulatory compliance, such as process documentation, narratives, and metrics.

   Review remediation plans and corrective actions to ensure that they are designed to reduce risk. Verify that control deficiencies are remediated according to the remediation plans. 
  Review project deliverables and artefacts, including project closure packages to ensure they meet internal IQA standards and expectations, and adhere to industry best practices and regulatory requirements.  Provide feedback to drive alignment and compliance.
  Work with project teams throughout all phases of program and project management including planning, execution, monitoring, and closure to ensure successful delivery of expected outcomes.


   Effective Communication: Consistently interact with stakeholders to manage technology risk management expectations and deliverables within allocated project timelines and budget.


   Champion Risk Awareness: Champion the adoption of industry risk management best practices in project delivery and drive operational IT risk awareness culture.  Identify and implement continuous improvements to IT risk management practices, tools, and processes within EDO delivery and portfolio management group.


   Industry Risk Awareness: Keep abreast of external cyber security trends, technologies and cyber risk management approaches, control hygiene of the environment, and often collaborate with other teams on IT risk-related initiatives to provide subject-matter recommendations and guidance to achieve a risk posture within the organization's overall risk appetite


   Manage Priorities: Manage multiple priorities in a fast-paced environment. Identify, de-escalate, and manage actual or perceived conflict, if any, among your team or with the stakeholders. 


   Decision Making: Assess complex scenarios and use your subject matter expertise and professional judgement to make decisions with proper rationale and documentation. Support your team member during complex or tough discussions with stakeholders to achieve the desired outcome. 


   Stakeholder Engagement: Build and maintain strong relationships with key stakeholders, including business leaders, technology teams, and external partners, to ensure alignment and transparency throughout project lifecycles.


   Talent Development: Manage a team of risk management and documentation professionals, mentor and develop talent within the team, fostering a culture of growth and excellence. Build a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates the team by fostering an inclusive work environment and using a coaching mindset and behaviors.  Communicate vison/values/business strategy and manage succession and development planning for the team


   Team Environment: Create an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.  

What do you need to succeed?


   Bachelor's degree in Business, Technology, Engineering or related fields, or equivalent experience.
   10+ years of experience in IT Risk Management, risk assurance, audit, or cybersecurity leadership roles, preferably in the financial services industry
   Working knowledge of key IT infrastructure, including good understanding of the risks associated with the platforms. 
   Knowledge of IT Risk frameworks, methodologies and industry standards related to IT and Cyber Risk management, including emerging trends and issues. Demonstrated expertise in a broad range of Information Security and Risk Management principles and practices. 
   Industry recognized qualifications and certifications in Information Security and/or Risk Management (CISA/CISM/CISSP /CRISC/CISSP) is a plus
   Maturity level and skill/judgment to deal effectively with senior management and operational risk groups throughout the organization. 
   Exceptional communication, negotiation, and stakeholder management skills, including strong appreciation of relationship management; 
   Strong analytical and data-driven decision-making skills, including sound problem solving, research, and quantitative skills. 
   Deadline-driven and results-oriented; able to meet consistently high-quality standards while handling a variety of tasks and deadlines simultaneously. 
   Proven ability to navigate ambiguity, drive strategic change, and influence senior stakeholders.
   Experience working across cross-functional teams and collaborating with stakeholders at all levels of the organization.
   Experience leading, design and execution of IT risk management frameworks, policies, and procedures.
   Proven ability with monitoring regulatory changes and industry trends to ensure ongoing compliance and best practices.
   7+ years managing and developing high-performing teams
   Self-discipline and organized with proven time management skills
   Ability to thrive in a fast-paced, dynamic, and changing environment
                

What's in it for you?
We have an inclusive and collaborative working environment that encourages creativity and curiosity and celebrates success
   We provide you with the tools and technology needed to create meaningful customer experiences
   You'll get to work with and learn from diverse industry leaders, who have hailed from top technology companies around the world
   We hire you for your talent - not just a job - so you can grow with us. We'll equip you for success not only in your role, but also in your career as a whole
   Dress codes don't apply here: being comfortable does
   Access to thousands of online and in-person courses so you can hone your current skills, or learn new ones
   A competitive rewards package that includes a base salary, a performance bonus, company matching programs on pension and profit sharing, paid vacation, personal & sick days, medical, vision, and dental and much more

Location(s):  Canada : Ontario : Toronto 
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.