... management and documentation) and evaluate alignment with governance expectations and regulatory requirements (including OSFI Guideline E‑23) Perform quantitative audit procedures such as ...
... management and documentation) and evaluate alignment with governance expectations and regulatory requirements (including OSFI Guideline E‑23) Perform quantitative audit procedures such as ...
Influence and negotiate with senior management on the severity, root cause and remediation of ... risk ecosystem, with exposure to senior stakeholders and complex quantitative topics. We offer an ...
Influence and negotiate with senior management on the severity, root cause and remediation of ... risk ecosystem, with exposure to senior stakeholders and complex quantitative topics. We offer an ...
Experience with Safran Risk Manager, or Active Risk Manager is an asset but not mandatory. Experience with Quantitative Risk Analysis (QRA) tools (e.g. Safran Risk, @Risk, etc.) is an asset but not ...
Experience with Safran Risk Manager, or Active Risk Manager is an asset but not mandatory. Experience with Quantitative Risk Analysis (QRA) tools (e.g. Safran Risk, @Risk, etc.) is an asset but not ...
This role involves contributing to the identification, assessment, and management of risks ... Master's degree is a plus. · Proficiency in quantitative concepts and practices. · Familiarity ...
This role involves contributing to the identification, assessment, and management of risks ... Master's degree is a plus. · Proficiency in quantitative concepts and practices. · Familiarity ...
Your new role Reporting to the Manager, Project Controls, the Risk Management Lead is responsible ... and quantitative analyses (probability/impact, Monte Carlo simulations, cost and schedule ...
Your new role Reporting to the Manager, Project Controls, the Risk Management Lead is responsible ... and quantitative analyses (probability/impact, Monte Carlo simulations, cost and schedule ...
Description We are seeking a Quantitative Analyst (VP level) to join the R&D/SGI platform in ... Contribute to risk management infrastructure Collaboration & Platform Development * Work with ...
Description We are seeking a Quantitative Analyst (VP level) to join the R&D/SGI platform in ... Contribute to risk management infrastructure Collaboration & Platform Development * Work with ...
As Senior Manager, HR Privacy Risk (Canada, USA, Caribbean), you will make a positive impact by ... Strong analytical (qualitative and quantitative) and problem-solving skills with focus on attention ...
As Senior Manager, HR Privacy Risk (Canada, USA, Caribbean), you will make a positive impact by ... Strong analytical (qualitative and quantitative) and problem-solving skills with focus on attention ...
Manager/Director, Model Risk Management
Montreal, QC · Hybrid
CA$88.80K - CA$138.80K/yr
The Manager or Director, Model Risk Management is a senior member in the Group Model Risk ... Proficiency in quantitative modeling. * Knowledge of Global Wealth Management products and services ...
Manager/Director, Model Risk Management
Montreal, QC · Hybrid
CA$88.80K - CA$138.80K/yr
The Manager or Director, Model Risk Management is a senior member in the Group Model Risk ... Proficiency in quantitative modeling. * Knowledge of Global Wealth Management products and services ...
Associate Director IRRBB
Montreal, QC · On-site
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 ...
Associate Director IRRBB
Montreal, QC · On-site
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 ...
Associate Director IRRBB
Montreal, QC · On-site
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 ...
Associate Director IRRBB
Montreal, QC · On-site
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 ...
As a Sr. Quantitative Advisor, you will be pivotal in driving the consistent application of the ... In collaboration with the Team Manager you will: Refine the Risk Framework : Enhance SG Americas ...
As a Sr. Quantitative Advisor, you will be pivotal in driving the consistent application of the ... In collaboration with the Team Manager you will: Refine the Risk Framework : Enhance SG Americas ...
Master's degree in Financial Engineering, Quantitative Finance, Finance, or a closely related field ... At least 2-5 years of experience in capital markets, asset management, or a closely related ...
Master's degree in Financial Engineering, Quantitative Finance, Finance, or a closely related field ... At least 2-5 years of experience in capital markets, asset management, or a closely related ...
Demonstrated experience leading and managing teams within model validation, quantitative risk, data science governance, or an independent challenge function Strong expertise in statistics, machine ...
Demonstrated experience leading and managing teams within model validation, quantitative risk, data science governance, or an independent challenge function Strong expertise in statistics, machine ...
Experience in model risk management, AI governance, risk governance, model validation, quantitative analysis, analytics governance, technology risk, internal audit, compliance or regulatory ...
Experience in model risk management, AI governance, risk governance, model validation, quantitative analysis, analytics governance, technology risk, internal audit, compliance or regulatory ...
Experience in model risk management, AI governance, risk governance, model validation, quantitative analysis, analytics governance, technology risk, internal audit, compliance or regulatory ...
Experience in model risk management, AI governance, risk governance, model validation, quantitative analysis, analytics governance, technology risk, internal audit, compliance or regulatory ...
Demonstrated experience leading and managing teams within model validation, quantitative risk, data science governance, or an independent challenge function * Strong expertise in statistics, machine ...
Demonstrated experience leading and managing teams within model validation, quantitative risk, data science governance, or an independent challenge function * Strong expertise in statistics, machine ...
Credit Risk Modelling Senior Associate (Bilingual FR/EN)
Montreal, QC · Hybrid
CA$73.40K - CA$122.40K/yr
... management, and allowance modeling/ or calculations (e.g.IFRS9) * Development,implementationand assessment of quantitative credit risk measurement methodologies * Solid understanding and knowledge of ...
Credit Risk Modelling Senior Associate (Bilingual FR/EN)
Montreal, QC · Hybrid
CA$73.40K - CA$122.40K/yr
... management, and allowance modeling/ or calculations (e.g.IFRS9) * Development,implementationand assessment of quantitative credit risk measurement methodologies * Solid understanding and knowledge of ...
Your work will ultimately be used to support the business and management in strategic decision ... Has a University degree in finance, actuarial science, or other related quantitative discipline.
Your work will ultimately be used to support the business and management in strategic decision ... Has a University degree in finance, actuarial science, or other related quantitative discipline.
Your work will ultimately be used to support the business and management in strategic decision ... Has a University degree in finance, actuarial science, or other related quantitative discipline.
Your work will ultimately be used to support the business and management in strategic decision ... Has a University degree in finance, actuarial science, or other related quantitative discipline.
Your work will ultimately be used to support the business and management in strategic decision ... Has a University degree in finance, actuarial science, or other related quantitative discipline.
Your work will ultimately be used to support the business and management in strategic decision ... Has a University degree in finance, actuarial science, or other related quantitative discipline.
Quantitative Risk Manager information
See Quebec salary details
$32K - $49K
4% of jobs
$49K - $66K
5% of jobs
$66K - $83K
7% of jobs
$97.2K is the 25th percentile. Wages below this are outliers.
$83K - $100K
10% of jobs
$100K - $117K
15% of jobs
The median wage is $126.1K / yr.
$117K - $134K
16% of jobs
$134K - $151K
15% of jobs
$155.7K is the 75th percentile. Wages above this are outliers.
$151K - $168K
10% of jobs
$168K - $185K
6% of jobs
$185K - $202K
4% of jobs
$202K - $219K
7% of jobs
$32K
$131.9K
$219K
How much do quantitative risk manager jobs pay per year?
What are the key skills and qualifications needed to thrive as a Quantitative Risk Manager, and why are they important?
How does a Quantitative Risk Manager typically collaborate with other departments within a financial institution?
What is a Quantitative Risk Manager?
What is the difference between Quantitative Risk Manager vs Quantitative Analyst?
| Aspect | Quantitative Risk Manager | Quantitative Analyst |
|---|---|---|
| Primary Focus | Assessing and managing risk exposure across financial portfolios | Developing models and algorithms for investment strategies |
| Required Credentials | Advanced degrees in finance, mathematics, or related fields; certifications like FRM or CFA | Degrees in finance, mathematics, or statistics; often pursuing CFA or similar |
| Work Environment | Financial institutions, risk management departments | Investment firms, hedge funds, banks |
| Key Skills | Risk assessment, regulatory knowledge, quantitative modeling | Data 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.

Chief Advisor Quantitative Risk specialist Capital Markets
National BankMontreal, QC • On-site, Remote
Full-time
Medical, Retirement
This job post has expired today. Applications are no longer accepted.
Job description
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!