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Quantitative Risk Jobs in Toronto, ON (NOW HIRING)

Leads and directs the delivery of Project/Programme Quantitative Risk Analysis (cost and time). * Comments on the adequacy of contingency as part of the regular reporting cycle as required.

Risk Analyst - Airport

Mississauga, ON

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Familiarity and experience in the application of Quantitative Risk Analysis (QRA) techniques and tools. * Experience using Enterprise Risk Management tools, for example, Active Risk Manager (ARM)

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 ...

Chief Risk Officer

Toronto, ON ยท On-site

$250 - $380/hr

  • Medical

  • Dental

  • PTO

Advanced quantitative capabilities, including model development and data analysis * Solid ... Views risk as a strategic lever, not just a control function * Motivated by the opportunity to ...

Manager, CCR Capital

Toronto, ON

CA$82K - CA$154K/yr

  • Medical

  • Life

  • Retirement

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 ...

About The Role HUB International's Alternative Risk Solutions practice is hiring a Senior Actuarial Consultant to lead captive advisory, broking, and quantitative risk analysis engagements. This is a ...

Showing results 21-40

Quantitative Risk information

What is a quantitative risk analyst?

A Quantitative Risk Analyst is a finance professional who uses mathematical models and statistical techniques to assess and manage financial risks for organizations, particularly in banking, investment, and insurance sectors. They analyze data, develop risk models, and help companies make informed decisions to minimize potential losses. Their work involves programming, data analysis, and communicating complex risk scenarios to stakeholders. Quantitative Risk Analysts play a crucial role in ensuring that organizations remain financially stable and compliant with regulatory requirements.

What are the key skills and qualifications needed to thrive as a quantitative risk analyst, and why are they important?

To thrive as a Quantitative Risk Analyst, you need strong analytical skills, expertise in statistics and mathematics, and a relevant degree such as finance, mathematics, or engineering. Familiarity with statistical software (such as R, Python, or SAS), risk modeling tools, and industry certifications like FRM or CFA is highly valued. Excellent problem-solving abilities, attention to detail, and effective communication skills help you interpret complex data and convey insights to stakeholders. These competencies are crucial for accurately assessing risk, supporting strategic decisions, and ensuring the financial stability of organizations.

How do quantitative risk professionals typically collaborate with other departments within a financial institution?

Quantitative Risk professionals frequently work with various teams such as trading, portfolio management, compliance, and IT. This collaboration helps ensure that risk models accurately reflect real-world exposures and regulatory standards. Effective communication is key, as Quantitative Risk staff must translate complex data and models into actionable insights for non-technical stakeholders. Regular cross-departmental meetings and project-based collaborations are common, promoting a dynamic and integrated work environment.

What is the difference between Quantitative Risk vs Quantitative Analyst?

AspectQuantitative RiskQuantitative Analyst
Primary FocusAssessing and managing financial risks using quantitative methodsDeveloping models and strategies to analyze financial data and inform investment decisions
Required CredentialsOften requires risk management certifications (FRM, PRM), advanced degrees in finance, mathematics, or statisticsTypically requires degrees in finance, economics, mathematics, or related fields; certifications like CFA may be common
Work EnvironmentFinancial institutions, risk management departments, banksInvestment firms, hedge funds, banks, financial services companies

Quantitative Risk professionals focus on identifying and mitigating financial risks through specialized models, while Quantitative Analysts develop analytical models to support trading, investment, and financial decision-making. Both roles require strong quantitative skills and often similar educational backgrounds, but their core objectives differ: risk management versus financial analysis and strategy development.

How hard is it to become a quantitative risk?

Becoming a quantitative risk professional typically requires a strong background in mathematics, statistics, or finance, often supported by a relevant degree such as a master's or Ph.D. in a quantitative field. Developing skills in programming languages like Python or R and understanding financial models are also important, and obtaining certifications such as FRM or CFA can enhance job prospects. The role demands analytical ability, attention to detail, and the capacity to work with complex data sets, making it a challenging but attainable career path for those with the right skills and education.

How much do quantitative risk analysts make?

Quantitative risk analysts typically earn a median annual salary of around $80,000 to $120,000, depending on experience, education, and location. Senior analysts or those in high-demand financial centers can earn over $150,000, often supplemented by bonuses and benefits. Strong skills in statistics, programming, and risk modeling tools are essential for higher compensation.

What are the most commonly searched types of Quantitative Risk jobs in Toronto, ON?

The most popular types of Quantitative Risk jobs in Toronto, ON are:

What are popular job titles related to Quantitative Risk jobs in Toronto, ON?

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

Infographic showing various Quantitative Risk job openings in Toronto, ON as of August 2026, with employment types broken down into 1% As Needed, 88% Full Time, 8% Part Time, and 3% Contract. Highlights an 85% Physical, 7% Hybrid, and 8% Remote job distribution.

Senior Risk Manager

Mace

Toronto, ON โ€ข Hybrid

Full-time

Posted 13 days ago


Job description


At Mace, our purpose is to redefine the boundaries of ambition. We believe in creating places that are responsible, bringing transformative impact to our people, communities and societies across the globe. To learn more about our purpose, culture, and priorities, visit our strategy site.
Within our consult business, we harness our unique combination of leading-edge practical expertise and project delivery consultancy to unlock the potential in every project.
Our Values:

  • Safety first - Going home safe and well

  • Client focus - Deliver on our promise

  • Integrity - Always do the right thing

  • Create opportunity - For our people to excel

You'll Be Responsible For:

  • Accountable for the risk management performance of assigned commission(s).

  • Creates/designs effective risk management framework(s)/strategy(s) on assigned commission(s).

  • Manages and directs Clients, consultants, contractors, project team on assigned commission(s) on all risk management matters.

  • Partners with client meeting their expectations and building strong professional relationships.

  • Provides expert advice and support to Project/Programme teams in the administration of the risk process, particularly with respect to the risks to achievement of key project objectives and escalation of risks.

  • Facilitates and drives the delivery of risk workshops.

  • Works with Project Managers to recognise opportunities and mitigations to minimise risk exposure.

  • Accountable for ensuring risk mitigation action plans are developed, risk and action owners appointed and that project plans are updated accordingly and monitored.

  • Leads and directs the delivery of Project/Programme Quantitative Risk Analysis (cost and time).

  • Comments on the adequacy of contingency as part of the regular reporting cycle as required.

  • Develops and delivers monthly risk reports, externally to the client and internally to the project team.

  • Ensures all activities/operations are carried out in line with Mace Control Centre, Client requirements and prevailing legislation.

  • Provides line management to team and other Project/Programme members.

  • Utilises expertise to mentor and assist the personal and career development of junior members of risk team.

  • Leads the integration of risk with PMO and Planning disciplines.

  • Supports the HUB Risk Lead with resourcing and recruitment for the assigned commission.ย 

  • Works collaboratively towards the common goal of net zero carbon transition, and share responsibility for the proactive identification and management of the associated carbon emissions and reductions during the delivery of work.
    You'll Need To Have:

  • Experience of effective risk leadership on complex construction projects.ย 

  • Experience of setting up effective risk management/assurance frameworks/strategies.

  • Comprehensive knowledge of risk tools, techniques and software (e.g., Active Risk Manager, riskHive, @risk, Primavera Risk Analyser).

  • Ability to manage activities with significant uncertainty of solution or outcome.

  • Good understanding of ย construction projects, decencies and interfaces within the project lifecycle

  • Deep domain knowledge of providing risk leadership in one or more sectors (e.g. rail, highways, nuclear, public sector, hospitals).

  • Commercial awareness and business development skills and bids/winning work.ย 

  • Effective communication and engagement skills and is able to persuade/influence colleagues and stakeholders.

  • Effective networking skills.

  • Ability to contribute to the establishment of high performing teams.

  • Ability to lead and influence others.ย 

  • Ability to manage challenging behaviours, relationships and still secure a positive outcome.ย 

  • Resilient/robust in the face of challenging situations.

  • Flexible, pragmatic and adaptable.

  • Min. 5yrs experience or equivalent delivering a range of project risk management services on major construction projects.


    Note: The estimated salary for this position is 130,000 - 180,000 CAD. Starting salary may vary based on permissible, non-discriminatory factors such as experience, skills and qualifications.


    Mace is an inclusive employer and welcomes interest from a diverse range of candidates. Even if you feel you do not fulfil all of the criteria, please apply as you may still be the best candidate for this role or another role within our organization.
    We are also open to discussing part time, flexible, and hybrid working options if suitable within the role.