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Quantitative Risk Manager Jobs in Quebec (NOW HIRING)

Engaging in innovation projects in risk modeling and leading their implementation in the Quantitative Risk Management (QRM) software, in collaboration with the modeling team * Integrating new ...

Prerequisite Degree in a quantitative discipline related to the field (finance, economics, mathematics) and 4 years of relevant experience Knowledge of risk management and financial markets ...

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Quantitative Risk Manager information

See Quebec salary details

$32K

$131.9K

$219K

How much do quantitative risk manager jobs pay per year?

As of May 30, 2026, the average yearly pay for quantitative risk manager in Quebec 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.

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.

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 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 Quebec? For Quantitative Risk Manager jobs in Quebec, the most frequently searched job titles are:
What job categories do people searching Quantitative Risk Manager jobs in Quebec look for? The top searched job categories for Quantitative Risk Manager jobs in Quebec are:
What cities in Quebec are hiring for Quantitative Risk Manager jobs? Cities in Quebec with the most Quantitative Risk Manager job openings:
Infographic showing various Quantitative Risk Manager job openings in Quebec as of May 2026, with employment types broken down into 5% As Needed, 59% Full Time, 27% Part Time, 2% Temporary, and 7% Contract. Highlights an 55% Physical, 6% Hybrid, and 39% Remote job distribution, with an average salary of $131,920 per year, or $63.4 per hour.

Chief Advisor Quantitative Risk specialist Capital Markets

National Bank

Montreal, QC • On-site, Remote

Full-time

Medical, Retirement

This job post has expired today. Applications are no longer accepted.


Job description

A career in the Internal Audit Capital Markets team at National Bank, means using your quantitative expertise to challenge models and risk analytics that support trading, market risk and valuation control. As Chief Advisor - Model & Quantitative Specialist, you will lead and deliver audits focused on model risk, market risk methodologies and front‑to‑back controls, helping strengthen governance, improve outcomes, and ensure key decisions are supported by robust analytics. You will partner closely with Market Risk, Front Office and other control functions, and you will act as a go‑to subject matter expert for complex quantitative topics across the team.

Your role Lead and/or execute audits across Capital Markets with a primary focus on model risk and quantitative topics (e.g., market risk models, stress testing frameworks, limit controls, valuation and model governance) Assess model lifecycle controls end-to-end (development, implementation, independent validation, monitoring, change management and documentation) and evaluate alignment with governance expectations and regulatory requirements (including OSFI Guideline E‑23) Perform quantitative audit procedures such as independent calculations, benchmarking/challenger analyses, sensitivity/stability testing and backtesting review to support clear, evidence-based conclusions Act as a trusted Internal Audit advisor for quantitative/model related topics with Front Office, Market Risk and Finance/Valuation Control, helping translate complex quantitative topics into actionable risk insights for senior stakeholders Influence and negotiate with senior management on the severity, root cause and remediation of issues raised; drive practical, measurable action plans Coach and upskill the team on quantitative concepts, model governance, audit best practices and effective challenge Your team You will join a multidisciplinary team of 20 colleagues and report to the Senior Director - Internal Audit Capital Markets. You will work on high‑impact, cross-functional mandates that provide a front‑to‑back view of the trading and risk ecosystem, with exposure to senior stakeholders and complex quantitative topics. We offer an environment that supports learning, knowledge sharing and work/life balance.

Prerequisite Bachelor’s or Master’s degree in a relevant field (e.g., quantitative finance, mathematics, statistics, engineering, actuarial sciences, economics or related) 10 years relevant experience with exposure to Capital Markets Strong risk and complex financial instrument valuation expertise (VaR, stress testing, sensitivities, P&L decomposition, pricing models) Strong understanding of model risk management best practices (model lifecycle: development, implementation, validation, monitoring) Regulatory literacy for model risk, including OSFI Guideline E‑23 Excellent written and verbal communication skills - able to synthesize and explain complex quantitative topics to non‑quant partners and senior management Collaborative and confident in stakeholder communications of findings and remediation plans A curious, proactive mindset with strong ownership, independence and attention to detail Your benefits In addition to competitive compensation, upon hiring you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family such as: * Health and wellness program, including many options * Flexible group insurance * Generous pension plan * Employee Share Ownership Plan * Employee and family assistance program * Preferential banking services * Involvement in community initiatives * Telemedicine service * Virtual sleep clinic We have an offer that keeps up with trends as well as your needs and those of your family. Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We value employees’ ideas.

Whether through our surveys or programs, regular feedback and ongoing communication are encouraged. Making a bold move in a people-first environment We’re a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on people’s lives.

Our core values of partnership, agility, and empowerment inspire us, and inclusion is central to our commitments. We aim, wherever possible, to provide a barrier-free and accessible environment to all employees. We strive to provide accessibility measures throughout the recruitment process within the limits of our available resources.

If you require accommodations, feel free to let us know during our initial conversations. We welcome all candidates! What can you bring to our team?

Join us!