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Quantitative Risk Manager Jobs in Toronto, ON (NOW HIRING)

AECOM

Construction Risk Lead

Mississauga, ON · On-site

Act as an advisor for projects in the area of Construction Risk Management * Developing and undertaking Quantitative Risk Analysis, including Cost, Schedule and integrated Cost and Schedule analysis

BMO Capital Markets

Manager, CCR Capital

Toronto, ON

CA$82K - CA$154K/yr

Develops pricing and quantitative risk models for an assigned portfolio e.g. fixed income, corporate credit and loans. * Monitors risk in strategies and portfolios alongside project managers or ...

Peoples Group

AVP Credit Risk Modelling

Toronto, ON · Hybrid

Working closely with Credit Risk Management and Finance to set credit loss provisions for the loan portfolio in accordance with IFRS-9 requirements. You will own the quantitative methodologies for ...

Aecon Group Inc.

Sr. Risk Specialist

Toronto, ON · On-site

... risk management experience in large, complex infrastructure or capital projects. * Expertise in: * Monte Carlo simulation & schedule risk analysis. * Quantitative risk modeling & contingency ...

Cmcmarkets

Quantitative Trader

Toronto, ON · On-site

As a Quantitative Trader, you'll play a key role in managing market risk and supporting algorithmic trading on a fast-paced dealing desk. This is a dynamic position ideal for someone with front ...

Omers

Analyst, Total Plan Risk Management

Toronto, ON

CA$86K - CA$130K/yr

This role combines quantitative analysis, governance reporting, and stakeholder engagement to ... Experience using third-party systems such as MSCI Risk Manager, BlackRock Aladdin, ORTEC GLASS ...

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All JobsQuantitative Risk JobsQuantitative Risk Manager JobsQuantitative Risk Manager Jobs in Toronto, ON

Quantitative Risk Manager information

See Toronto, ON salary details

$30.5K

$125.9K

$209K

How much do quantitative risk manager jobs pay per year?

As of Aug 20, 2026, the average yearly pay for quantitative risk manager in Toronto, ON is $125,896.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,570.00 and $156,034.00 per year, depending on experience, location, and employer.

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.

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 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 Toronto, ON?

For Quantitative Risk Manager jobs in Toronto, ON, the most frequently searched job titles are:

What job categories do people searching Quantitative Risk Manager jobs in Toronto, ON look for?

The top searched job categories for Quantitative Risk Manager jobs in Toronto, ON are:

Quantitative Risk Manager jobs near you
Infographic showing various Quantitative Risk Manager job openings in Toronto, ON as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 81% Physical, 4% Hybrid, and 15% Remote job distribution, with an average salary of $125,896 per year, or $60.5 per hour.

Manager Enterprise Model Risk management

Royal Bank of Canada

Toronto, ON

Full-time

Re-posted 28 days ago

Job description

Job Description

What is the opportunity?

As part of the Group Risk Management (GRM) team, the Senior Analyst, Enterprise Model Risk Management will validate (replicate, benchmark, back- test, and apply other techniques as applicable) credit-related capital markets models (pricing used for financial and regulatory reporting for RBC trading activities. The ideal candidate will identify and escalate material issues related to model risk, and provide consultancy to model stakeholders with respect to potential technical solutions to these issues and designing model performance monitoring frameworks.

What will you do?

  • Take ownership of assigned models to provide effective testing and oversight of model risk while ensuring that validation activities are completed in an efficient manner.

  • Deliver required work products in a timely manner: validation reports, technical documents, and testing code and tools.

  • Streamline and automate validation tests as much as feasible.

  • Identify and articulate model limitations and inconsistencies across models and escalate inconsistencies to management.

  • Consult with Market Risk, Finance, and Global Valuations regarding technical model issues and independent price verification issues.

What do you need to succeed?

Must-have

  • Graduate degree in a quantitative area such as Mathematics, Physics, Computer Science, Engineering, Finance, Financial Engineering, or Economics.

  • Broad exposure to and excellent knowledge of derivative pricing models and risk management methodology.

  • Experienced in computational techniques, including Monte Carlo simulation and numerical and analytic techniques for solving partial differential equations.

  • Strong programming skills: C/C++ and Python preferred.

  • Strong communication and interpersonal skills.

Nice-to-have

  • Previous work experience in mathematical modeling in a similar or related role, such as a model developer or validator, a front office quant, a risk quant, or a risk manager.

  • FRM or PRM certification, CFA Charter Holder.

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation

  • Leaders who support your development through coaching and managing opportunities

  • Work in a dynamic, collaborative, progressive, and high-performing team

  • Opportunities to do challenging work

  • Flexible work/life balance options

Job Skills

Business Performance Management, Investment Economics, Investment Risk, Investment Risk Management, Market Risk, Performance Management (PM), Risk Control, Risk Management, Standard Operating Procedure (SOP)

Additional Job Details

Address:

180 WELLINGTON ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-08-07

Application Deadline:

2026-08-31

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

Employment Type: FULL_TIME

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