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

MUFG

Model Risk Management Analyst, AVP

Toronto, ON · On-site

The AVP, Model Validation Quantitative Analyst within the Quantitative Risk Control (QRC) supports ... Responsibilities: Model Risk Management: * Developing, maintaining, and implementing the Bank ...

Arcadis

Risk Analyst

Toronto, ON · On-site

Advanced proficiency in risk management platforms and quantitative analysis tools including @RISK, Safran Risk, and Power BI, with the ability to interpret and communicate outputs such as ...

Alstom

Senior Risk Coordinator

Toronto, ON

CA$90K - CA$118K/yr

Performing integrated quantitative cost and schedule risk analyses using Risk Management software * Delivering clear, actionable risk reporting and dashboards to senior leadership and stakeholders

Alstom

Senior Risk Coordinator

Toronto, ON · On-site

CA$90K - CA$118K/yr

Performing integrated quantitative cost and schedule risk analyses using Risk Management software * Delivering clear, actionable risk reporting and dashboards to senior leadership and stakeholders

Td

Market Risk Analyst (4181)

Toronto, ON · On-site

CA$69K - CA$98K/yr

Experience in developing and implementing risk management policies. * Knowledge of quantitative risk assessment techniques. * Ability to interpret and analyze complex financial data. * Strong ...

AECOM

Construction Risk Lead

Mississauga, ON

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

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

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 ...

Scotiabank

Manager, Model Validation

Toronto, ON · On-site

Key Accountabilities * 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 ...

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

Quantitative Risk Manager information

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$30.5K

$125.9K

$209K

How much do quantitative risk manager jobs pay per year?

As of Sep 10, 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 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $125,896 per year, or $60.5 per hour.

Model Risk Management Analyst, AVP

Toronto, ON • On-site

MUFG
Banking and Credit Intermediation • 10K+ employees
Learn more about MUFGexternal

Full-time

Re-posted 2 days ago

Key responsibilities

  • Develop, maintain, and implement the Bank's Model Risk Management Program for Wholesale Credit risk models.

  • Perform independent validations of models using statistical analysis and machine learning techniques, and document validation outcomes.

  • Support relationship management with regulators and internal audit.

MUFG rating

8.1

Company rating: 8.1 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

Job description

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups. Across the globe, we're 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The AVP, Model Validation Quantitative Analyst within the Quantitative Risk Control (QRC) supports best-practice model risk activities consistent with the MUFG Model Governance Program. The models include those used within the various Business Units for supporting Global trading, lending, pricing, Securitization, and Capital market activities.

Responsibilities:

Model Risk Management:

  • Developing, maintaining, and implementing the Bank's Model Risk Management Program covering Wholesale Credit risk models which are used for supporting risk scoring, decision-making, stress testing, ALLL/CECL/IFRS 9, economic capital estimation, financial reporting, and risk management
  • Monitor model performance reports on an on-going basis to ensure models remain valid
  • Applying strong risk knowledge to solve problems independently, without relying on daily supervision

Model Validation:

  • Perform independent validations of various models developed based on statistical analysis and machine learning techniques
  • Document the validation outcome in high-quality validation report and manage resolution of findings with model developers

Maintain Model Inventory:

  • Conduct model/non-model assessment
  • Issue/finding closure, and model annual review

Collaboration:

  • Support relationship with regulators and internal audit
  • Team player, ability to communicate technical concepts to non-technical audience

Skills & Experience

  • Strong skills in quantitative methods including statistical analysis, and credit risk modeling
  • Strong skills in quantitative methods and computer technology, such as Python, R and SAS
  • 3-5 years' experience in related field
  • Strong understanding of financial services industry
  • Strong verbal/communication skills
  • Attention to details

Education:

  • Advanced degree of Masters or higher in statistics, finance, or other quantitative field
  • Industry certifications a plus (e.g., CFA, FRM)
The job description and related application pertains to an opportunity with either MUFG Bank, Ltd., Canada Branch ("MUFG Bank Canada") or MUFG Securities (Canada), Ltd. ("MUFG Securities Canada"). The job description relates to the general nature, scope, quantity and quality of work contemplated for the position. Other duties and responsibilities not specifically described may be assigned from time to time, consistent with knowledge, skills and abilities of the incumbent. The receipt of an application by either MUFG Bank Canada or MUFG Securities Canada, as applicable, does not imply or guarantee employment.Each of MUFG Bank Canada and MUFG Securities Canada is an equal opportunity employer.As a federally regulated entity, MUFG Bank Canada is required to comply with applicable laws which prohibit discrimination based on protected grounds and which require accommodation to individuals in accordance with the requirements outlined in the Canadian Human Rights Act and the Canada Labour Code. Where MUFG Bank Canada obtains information relating to protected grounds under the Canadian Human Rights Act as part of the application process, it does so to monitor and otherwise evaluate its own compliance with such legislation and associated regulatory requirements; MUFG Bank Canada does not use such information for decision making purposes relating to the position contemplated in this application.As a provincially regulated entity, MUFG Securities Canada is required to comply with applicable laws which prohibit discrimination based on protected grounds and which require accommodation to individuals in accordance with the requirements outlined in the Human Rights Code (Ontario) and the Employment Standards Act (Ontario). Where MUFG Securities Canada obtains information relating to protected grounds under the Human Rights Code (Ontario) as part of the application process, it does so to monitor and otherwise evaluate its own compliance with such legislation and associated regulatory requirements; MUFG Securities Canada does not use such information for decision making purposes relating to the position contemplated in this application.

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About MUFG

Sourced by ZipRecruiter

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th largest financial group in the world. Across the globe, we're 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world. With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Social media

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