ZipRecruiter

Log In

1

Quantitative Risk Manager Jobs in Ontario (NOW HIRING)

Royal Bank of Canada

Quantitative Analyst

Toronto, ON · On-site

Development and implementation of tools to support trading desk, quantitative strategies infrastructure and risk management activities. * Gather new requirements from the trading desk and manage ...

Scotiabank

Manager

Toronto, ON

In this role you, will: * Assist Senior Manager to execute independent validations of quantitative models (e.g., asset and liability management, liquidity risk, interest rate risk in the banking book ...

Aecon Group Inc.

Risk Analyst

Hamilton, ON · On-site

Utilize Safran Risk and Active Risk Manager (ARM) to conduct risk analysis and to track and report project risks. * Conduct qualitative and quantitative cost and schedule risk analysis. * Review and ...

next page

Showing results 1-20

All JobsQuantitative Risk Manager JobsQuantitative Risk Manager Jobs in Ontario

Quantitative Risk Manager information

See Ontario salary details

$32K

$131.9K

$219K

How much do quantitative risk manager jobs pay per year?

As of Jun 10, 2026, the average yearly pay for quantitative risk manager in Ontario is $131,920.00, according to ZipRecruiter salary data. Most workers in this role earn between $97,000.00 and $163,500.00 per year, depending on experience, location, and employer.

How does a Quantitative Risk Manager typically collaborate with other departments within a financial institution?

Quantitative Risk Managers work closely with teams such as trading, compliance, IT, and senior management to identify, measure, and mitigate financial risks. They often translate complex quantitative models into actionable insights for non-technical stakeholders and facilitate the integration of risk metrics into daily decision-making processes. Collaboration is essential for ensuring that risk assessments align with business objectives and regulatory requirements, often requiring regular cross-functional meetings and clear communication.

What are the key skills and qualifications needed to thrive as a Quantitative Risk Manager, and why are they important?

To thrive as a Quantitative Risk Manager, you need strong analytical abilities, a deep understanding of statistics and financial mathematics, and typically an advanced degree in finance, mathematics, or a related field. Proficiency in programming languages like Python or R, experience with risk modeling software, and certifications such as FRM or CFA are highly valuable. Exceptional problem-solving, communication, and collaboration skills help you convey complex risk metrics to stakeholders and work effectively in cross-functional teams. These skills ensure accurate risk assessments, regulatory compliance, and informed decision-making in dynamic financial environments.

What is a Quantitative Risk Manager?

A Quantitative Risk Manager is a professional who uses mathematical models, statistical analysis, and quantitative techniques to identify, measure, and manage financial risks within an organization. They often work in banks, investment firms, or insurance companies to analyze market, credit, and operational risks. Their responsibilities include developing risk models, monitoring risk exposures, and advising senior management on risk mitigation strategies. They play a key role in ensuring that organizations make informed decisions and comply with regulatory requirements.

What is the difference between Quantitative Risk Manager vs Quantitative Analyst?

AspectQuantitative Risk ManagerQuantitative Analyst
Primary FocusAssessing and managing risk exposure across financial portfoliosDeveloping models and algorithms for investment strategies
Required CredentialsAdvanced degrees in finance, mathematics, or related fields; certifications like FRM or CFADegrees in finance, mathematics, or statistics; often pursuing CFA or similar
Work EnvironmentFinancial institutions, risk management departmentsInvestment firms, hedge funds, banks
Key SkillsRisk assessment, regulatory knowledge, quantitative modelingData analysis, programming, financial modeling

While both roles involve quantitative skills and financial knowledge, Quantitative Risk Managers focus on identifying and mitigating risks within organizations, whereas Quantitative Analysts primarily develop models to inform investment decisions. Understanding these differences helps professionals choose the right career path or job search focus.

What are popular job titles related to Quantitative Risk Manager jobs in Ontario? For Quantitative Risk Manager jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Quantitative Risk Manager jobs in Ontario look for? The top searched job categories for Quantitative Risk Manager jobs in Ontario are:
What cities in Ontario are hiring for Quantitative Risk Manager jobs? Cities in Ontario with the most Quantitative Risk Manager job openings:
Quantitative Risk Manager jobs near you
Infographic showing various Quantitative Risk Manager job openings in Ontario as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $131,920 per year, or $63.4 per hour.

Supervisor, Risk & Transparency

The Citco Group Limited

Toronto, ON • On-site

CA$85K - CA$105K/yr

Full-time

Posted 6 days ago

Job description

About Citco:

The market leader. The premier provider. The best in thebusiness. At Citco, we've been the front-runner in our field since ourincorporation in 1948 led to the evolution of the asset servicing sectoritself. This pioneering spirit continues to guide us today as we innovate andexpand, push beyond the boundaries of our industry, and shape its future. Fromworking exclusively with hedge funds to serving all alternatives, corporationsand private clients, our organization has grown immensely across asset classesand geographies. For us, this progress is a pattern that we'll only maintain aswe move forward, always prioritizing our performance. So for those who want toplay at the top of their game and be at the vanguard of their space, we say:Welcome to Citco.

About the Team & Business Line:

Fund Administration is Citco's core business, and ouralternative asset and accounting service is one of the industry's mostrespected. Our continuous investment in learning and technology solutions meansour people are equipped to deliver a seamless client experience.

About You:

  • Undergraduate or graduate degree in Financial Mathematics, Business/Finance, Economics, Computer Science, or equivalent experience
  • 4-6 years of risk reporting experience, with at least 1 year in a supervisory or team lead capacity
  • Strong knowledge of financial products, Market risk metrics (Greeks/DV01), and Portfolio risk measures such as Value at Risk, Exposures and Stress Testing
  • FRM/CFA designation is an asset
  • Advanced proficiency in Excel, VBA, SQL and Python
  • Demonstrated ability to lead, motivate and develop a team in a fast-paced environment
  • Strong problem-solving skills with the ability to break down complex issues and drive resolution
  • Excellent communication skills with proven experience managing client relationships independently
  • High sense of accountability, ownership and commitment to accuracy
  • Ability to manage multiple priorities and meet tight deadlines
  • Willingness to work overtime when required to meet business needs
     

Salary Range: CAD $85,000 - 105,000

  • This position is for an existing vacancy

Our Benefits

Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.

Your Role: 

The Risk and Transparency Reporting Group is responsible for portfolio risk analytics and (market/credit/liquidity) reporting across all asset classes and alternative asset managers. The Risk services offered include Exposure and RoR and IRR performance reports, Scenario, Stress testing, VAR for portfolio managers, institutional investors, family offices and regulators. The regulatory and other standard filings covered include AIFMD, Form PF, Solvency II and Open Protocol.

  • Oversee and review the production of quantitative portfolio risk reports (market/credit/liquidity) for Buy-Side institutional investment clients, ensuring accuracy and timeliness
  • Lead the design and enhancement of quantitative portfolio risk dashboards and reports
  • Mentor and guide junior and senior team members, providing technical support and performance feedback
  • Drive process improvement and automation initiatives across the risk reporting function
  • Act as the primary escalation point for complex client queries and relationship management
  • Coordinate workload distribution across the team to meet deadlines and business requirements
  • Collaborate with internal stakeholders and technology teams to evaluate and implement new risk technology offerings
  • Conduct quality control reviews of data validation, data analysis and ad-hoc reporting outputs
     

Apply