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

Risk Analyst

Toronto, ON

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 ...

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 ...

The successful candidate for this position will provide project planning, scheduling, and cost management support, support an established project risk management process, and actively engage with ...

The successful candidate for this position will provide project planning, scheduling, and cost management support, support an established project risk management process, and actively engage with ...

The successful candidate for this position will provide project planning, scheduling, and cost management support, support an established project risk management process, and actively engage with ...

The successful candidate for this position will provide project planning, scheduling, and cost management support, support an established project risk management process, and actively engage with ...

The successful candidate for this position will provide project planning, scheduling, and cost management support, support an established project risk management process, and actively engage with ...

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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 Jul 7, 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 is the highest salary for a risk manager?

The highest salary for a risk manager can exceed $150,000 annually, especially for those with extensive experience, advanced certifications like FRM or CRM, and leadership roles in large organizations or financial institutions. Senior risk managers in major markets or specialized industries may earn even higher compensation packages, including bonuses and incentives.

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 does a project risk manager do?

A project risk manager identifies, assesses, and prioritizes potential risks that could impact a project's success. They develop strategies to mitigate or avoid these risks, monitor risk factors throughout the project lifecycle, and communicate findings to stakeholders. Strong analytical skills and familiarity with risk management tools and frameworks are essential for this role.

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 $150,000 annually depending on the industry and company size. These roles typically require extensive experience, advanced certifications like FRM or PRM, and strong leadership skills in financial, operational, or enterprise risk management environments.

Is risk management a good career?

Risk management is a valuable career that involves identifying, assessing, and mitigating potential threats to projects or organizations. Professionals in this field often require strong analytical skills, knowledge of industry standards, and certifications such as PMI-RMP or ISO 31000. It offers opportunities across various industries with a focus on strategic decision-making and problem-solving.
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:

CA$95K - CA$105K/yr

Full-time

Posted 9 hours ago


Job description

SYSTRA Canada is part of the SYSTRA group, an international consulting and engineering group, a world leader in the design of transport infrastructures. SYSTRA Canada is an engineering and consulting firm whose primary focus is to offer transportation solutions, whether for passengers or goods: feasibility studies of building a new railway line, increasing the capacity of the existing infrastructure, privatization of a railway.

Understand better who we are by visiting www.systracanada.com.


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 programs from inception through to completion
  • Ensure that work is fully supported from a consulting standpoint in an integrated, compliant, efficient, and cost-effective manner
  • Finalize the budget and operating or delivery plan for the risk management services in consultation with the project or program team and client
  • Provide the final review and approval of the completed material planning to successfully deliver risk management services
  • Review changes and interventions to ensure risk management service goals are achieved on the project or program
  • Facilitate various project focus or function meetings with a spotlight on service initiatives
  • Set and interpret service expectations while delegating and managing deliverables with team members
  • Build and maintain a positive, high-performing team culture with an openness to constructive challenge, continuous improvement, implementation of lessons learned, and an overall ‘right-first-time” mindset
  • Reinforce acceptable standards of workmanship through every stage of the project
  • Supervise and guide clear and focused staff performance objectives (including noncompany resources) to ensure excellence in results
  • Promote a project environment that is inclusive, and diverse and celebrates our differences 
  • Clarify internal quality control check and resolve quality issues for the project 
  • Prepare procedures and work instructions and ensure that all program team members 
  • Comply with the risk management plan, procedures, and requirements of the assigned scope of work 
  • Develop risk breakdown structure aligned with project WBS and CBS 
  • Prepare risk training materials and train the project team on the principles of risk
  • Evaluate risk registers at the project and program level, ensuring quality standards are met 
  • Perform quantitative cost and schedule risk analysis using Risk Management software (e.g. Oracle Primavera Risk Analysis, Acumen Risk, etc.) and provide the interpretation of results (e.g. Distribution S Curve Graph, Sensitivity Analysis Tornado Chart and Deep Dive Schedule Logic)
  • Follow up with risk owners to ensure the mitigation actions are on track, including escalation where required
  • Review contractor progress reports and identify the risks impacting project cost and schedule and reflect them in the risk register
  • Work closely with scheduling to prepare a high-level schedule (or assess detailed schedules) to be used for quantitative schedule risk analysis and define the link between risks, duration uncertainties, and schedule activities
  • Liaise with cost to monitor project contingency utilization and alignment with cost risk exposures
 

  • 4-6 years of experience in Risk Management
  • Bachelor’s degree in a relevant field
  • Holding recognized certifications including Risk Management Professional (RMP) and Project Management Professional (PMP)
  • Experience of effective risk leadership on complex construction projects.
  • Comprehensive knowledge of risk tools, techniques, and software

Annual Base Salary Range - $95,000 - $105,000

The salary range provided below serves as a general guideline and reflects typical offers for this position.

It is not intended as a strict range; in certain situations, actual compensation may vary when justified.


SYSTRA Canada is committed to having a diverse and inclusive workforce.

« SYSTRA Canada has an equal access employment program and encourages women, Indigenous peoples, visible minorities, and people with disabilities to apply. »

Note: In this description, the masculine gender is used for easy reading purposes and includes the feminine.

We use AI-enabled tools in our recruitment platform (iCIMS) for tasks like resume parsing and candidate matching. These tools do not make hiring decisions; all applications are reviewed by a human recruiter, and final decisions are made by our hiring team. For questions about our hiring process or AI tools, please contact infocanada@systra.com.