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Risk Associate Jobs in Markham, ON (NOW HIRING)

PwC

Credit Risk Modelling Senior Associate

Toronto, ON · Hybrid

CA$73K - CA$122K/yr

Meaningful workyou'llbe part of As a Credit Risk Modelling Senior Associate,you'llwork as part of a team of problem solvers, helping to solve complex business issues from strategy to execution.

HUB

Account Associate, Executive Risk

Toronto, ON · On-site

CA$53K - CA$63K/yr

About The Role Join our dynamic team at HUB International as a Account Associate, Executive Risk in our Financial Institutions division within the Complex Risks Department. This role is a perfect fit ...

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Risk Associate information

What are the key skills and qualifications needed to thrive as a Risk Associate?

To thrive as a Risk Associate, you need strong analytical skills, attention to detail, and a background in finance, economics, or a related field—often supported by a relevant degree. Familiarity with risk assessment tools, financial modeling software, and sometimes certifications such as FRM (Financial Risk Manager) or CFA are highly valued. Excellent communication, problem-solving, and teamwork skills help you effectively identify, assess, and communicate risks across various business units. These skills ensure accurate risk evaluation, regulatory compliance, and proactive risk mitigation for organizational stability.

What are some common challenges faced by Risk Associates when working with cross-functional teams?

Risk Associates often collaborate with departments such as compliance, audit, and operations. One common challenge is aligning risk mitigation strategies with the differing priorities and perspectives of each team. Effective communication and adaptability are key, as Risk Associates must explain complex risk concepts in ways that are relevant to each stakeholder. Building strong relationships and fostering a shared understanding of risk helps ensure that policies are implemented consistently across the organization.

What is the difference between Risk Associate vs Credit Analyst?

AspectRisk AssociateCredit Analyst
Required CredentialsBachelor's degree, certifications like FRM or CRM beneficialBachelor's degree, finance or related certifications preferred
Work EnvironmentFinancial institutions, consulting firms, risk management teamsBanks, lending institutions, credit departments
Employer & Industry UsageUsed across banking, insurance, and investment firmsPrimarily in banking and lending sectors
Common Search & ComparisonOften compared for risk management rolesCompared for credit evaluation roles

The main difference between a Risk Associate and a Credit Analyst lies in their focus areas. Risk Associates primarily assess overall risk exposure and develop risk mitigation strategies, while Credit Analysts evaluate the creditworthiness of individual borrowers. Both roles require similar educational backgrounds and certifications, and they are commonly found in financial institutions. Understanding these distinctions helps job seekers identify the right career path within the finance industry.

Does risk associate pay well?

Risk associates typically earn a competitive salary that varies based on experience, education, and industry. Entry-level positions may start lower, but with experience and certifications like FRM or CFA, salaries can increase significantly, especially in finance, insurance, or consulting sectors.

How do you become a risk associate?

To become a risk associate, candidates typically need a bachelor's degree in finance, economics, or a related field. Gaining relevant experience through internships or entry-level roles and developing skills in data analysis, risk assessment, and familiarity with risk management tools are also important. Certifications like the Financial Risk Manager (FRM) can enhance prospects.

What do risk associates do?

Risk associates analyze and assess potential risks that could impact an organization’s operations, finances, or reputation. They identify vulnerabilities, develop risk mitigation strategies, and often use data analysis tools to monitor and report on risk levels, supporting informed decision-making.

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

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

What job categories do people searching Risk Associate jobs in Markham, ON look for?

The top searched job categories for Risk Associate jobs in Markham, ON are:

What cities near Markham, ON are hiring for Risk Associate jobs?

Cities near Markham, ON with the most Risk Associate job openings:

Risk Associate jobs near you
Infographic showing various Risk Associate job openings in Markham, ON as of August 2026, with employment types broken down into 1% As Needed, 72% Full Time, 25% Part Time, 1% Temporary, and 1% Contract. Highlights an 93% Physical, 4% Hybrid, and 3% Remote job distribution.

Credit Risk Modelling Senior Associate

PwC

Toronto, ON • Hybrid

CA$73K - CA$122K/yr

Full-time

Re-posted 7 days ago

Key responsibilities

  • Develop, validate, and review credit risk models for retail and wholesale portfolios, including obligor and facility risk ratings, Basel regulatory capital, and IFRS9 allowance models.

  • Assist assurance teams with reviews of clients' model development and validation processes, and support model risk governance and controls activities.

  • Collaborate with team members to create client proposals, white papers, and thought leadership on topics such as machine learning, GenAI, and climate risk modeling.

PwC rating

8.3

Company rating: 8.3 out of 10

Based on 77 frontline employees who took The Breakroom Quiz

26th of 72 rated business consultants

Job description

Line of Service

Assurance

Industry/Sector

Not Applicable

Specialism

Financial Risk

Management Level

Senior Associate

Job Description & Summary

A career in our Financial Services Risk & Regulatory Group - Financial Risk Management Credit Risk Modelling practice will provide you with the opportunity to help financial institutions rethink their approach to risk by developing a distinctive strategy and creating capabilities and performance. We play an important part in helping our clients assess, design and develop solutions that not only help them manage risk but also transform risk and complexity into a sustainable advantage.
Our team helps financial institutions with predictive modeling needs, including but not limited to, measure and manage the risk associated with borrowers, counterparties or other third parties who have a financial or contractual commitment to them, expected credit loss measurement (IFRS9 and CECL), capital measurement/stress testing. As part of the team, you'll help with credit risk modeling, model risk management as well as AI/ML/GenAI modeling for financial institutions.

Meaningful workyou'llbe part of

As a Credit Risk Modelling Senior Associate,you'llwork as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. Responsibilities include but are not limited to:

  • Model development, validation, internal auditof Retail and Wholesale credit risk methodologies including obligor and facility risk rating, Basel regulatory capital and economic capital models, allowance for loan and lease loss models (e.g., IFRS9).Assistassurance teams with reviews of clients' model development and validation processes

  • Artificial Intelligence (AI)/machine learning(ML)/Generative AI (GenAI)model development and validation

  • Model risk governance and controls related activities supporting clients in managing model risk across multiple asset classes

  • Collaborate with the team members at various levels to lead and develop compelling client proposals, white papers, thought leadership and points of view, describing the business challenge and proposed business solution on the topics such asMachine Learning, GenAI and climate risk modeling,etc.

  • Build andmaintaineffective,trustingand collaborative client relationships

Experiences and skillsyou'lluse to solve

  • Proficientexperience and exposure to financial services risk practices, credit risk modeling including retail and wholesale credit modeling techniques for adjudication, capital management, and allowance modeling/ or calculations (e.g.IFRS9)

  • Development,validationand assessment of quantitative credit risk measurement methodologies

  • Proficient experience and exposure to AI/ML modeling,including theoretical approach andrelated technology and platforms;significantexperienceand proven ability in at least one of themainAIplatforms:Vertex AI, Azure AI,etc.is preferred

  • Solid understanding and knowledge of credit risk processes, credit risk analytics, risk rating methodologies, risk managementpoliciesand risk management organization structures

  • Significant experienceand proven ability in at least one of the following programming languages/software: Python, R, SQL, SAS, C++, etc.

  • Master's degreein Statistics, Mathematics, Physics, Engineering, Financial Engineering, DataScienceorother relevant fields

  • PRM, FRM or CFA designation would be an asset

  • Proven abilities, especially creative problem-solving, toutilizecredit risk management software,dataandmethodologyin the completion of client engagements, including leveraging related technology vendors and their application

  • Strong writingskillsdemonstratedthrough the ability todraftproposals, reports, presentations, etc.

  • Strong verbal and written communication skillsdemonstratedthrough interactions with other teams/team members at all levels

  • Demonstrated ability to manage and prioritize multiple projects

  • PwC Canada is committed to cultivating an inclusive, hybrid work environment. Exact expectations for your team can be discussed with your interviewer

This newly created role reflects our commitment to growth and delivering distinctive value for our clients and stakeholders.

The salary range for this position is $73,400 - $122,400. The posted salary rangerepresentsthe expected hiring range for PwC locations in major citycentres. Given our national recruiting approach, ranges may vary for positions in other locations. At PwC Canada, base salary isdeterminedby your skills, experience,qualificationsand work location.In addition to base salary, eligible employees may have opportunities toparticipatein variable incentive pay programs which are designed to reward individual and firm-wide achievements.We are committed to offering competitive compensation and adhere to all relevant pay transparency legislation.During the hiring process, our Talent Acquisition team will provide details about our comprehensive total rewards package.

Whyyou'lllove PwC

We'reinspiring and empowering our people to change the world. Powered by the latest technology,you'llbe a part of diverse teams helping public and private clients build trust and deliver sustained outcomes. This meaningful work, and our continuous development environment, will take your career to the next level. We reward your impact, and support your wellbeing, through a competitive compensation package, inclusive benefits and flexibility programs that will help you thrive in work and life. Learn more about our Application Process and Total Rewards Package at:https://jobs-ca.pwc.com/ca/en/life-at-pwc

PwC Canada acknowledges that we work and live across Turtle Island, on the land that is now known as Canada, which are the lands of the ancestral, treaty and unceded territories of the First Nations,Metisand Inuit Peoples. We recognize the systemic racism,colonialismand oppression that Indigenous Peoples have experienced and still go through, and we commit to allyship and solidarity.

Education (if blank, degree and/or field of study not specified)

Degrees/Field of Study required:Degrees/Field of Study preferred:

Certifications (if blank, certifications not specified)

Required Skills

Optional Skills

Accepting Feedback, Accepting Feedback, Active Listening, Actuarial Science, Analytical Thinking, Communication, Complex Data Analysis, Creativity, Embracing Change, Emotional Regulation, Empathy, Financial Data Mining, Financial Modeling, Financial Risk Analysis, Financial Risk Management, Inclusion, Intellectual Curiosity, Learning Agility, Optimism, Presenting Financial Reports, Risk Analysis, Risk Model Implementation, Self-Awareness, Statistical Analysis Software, Statistical Consulting {+ 3 more}

Desired Languages (If blank, desired languages not specified)

Travel Requirements

Not Specified

Available for Work Visa Sponsorship?

No

Government Clearance Required?

No

Job Posting End Date

We're committed to providing accommodation throughout the application, interview, and employment process. If you require accommodation to be at your best, please let us know during the application process.The use of artificial intelligence (AI) in recruiting is just getting started, so we know you have questions about how and why we use it. At certain points during our recruiting process, we rely on AI to improve your experience. This could be during resume review or curating personalized job recommendations, asking you clarifying questions via a chatbot or during our interview scheduling to improve your experience. Our use of AI helps ensure we combat bias by evaluating candidates equally and fairly, without seeing identity information, such as your name, or gender for example). AI also helps us better predict successful hires by reviewing all applicants for a role and the relationship between your skills, experience and likely success at PwC Canada. While AI supports parts of our recruitment process, final hiring decisions always involve human review. For more information about our use and protection of your data, please refer to our Privacy Policy (https://www.pwc.com/ca/en/privacy-policy.html).Nous tenons a repondre a vos besoins tout au long du processus de demande d'emploi, d'entrevue et d'embauche. Si vous avez besoin de mesures d'adaptation pour etre parfaitement a l'aise, faites-le-nous savoir a l'etape de la demande d'emploi.L'utilisation de l'intelligence artificielle (IA) dans le domaine du recrutement en est a ses balbutiements. Nous savons que vous pourriez vous demander comment et pourquoi nous y avons recours. A certains stades de notre processus de recrutement, nous comptons sur l'IA pour ameliorer votre experience. Par exemple, pendant l'examen du curriculum vit ou l'elaboration d'une liste de recommandations personnalisees, un agent conversationnel pourrait vous demander des precisions ou fixer avec vous un rendez-vous pour l'entrevue. L'IA nous aide a mieux lutter contre les prejuges, car l'evaluation des candidats se fait de facon juste et equitable, sans que les informations d'identification comme le nom ou le sexe soient connues. Elle nous permet egalement de mieux reperer les bons candidats pour un poste et d'evaluer le lien entre leurs competences, leur experience et leurs chances de reussir chez PwC Canada. Bien que l'IA facilite certaines etapes de notre processus de recrutement, les decisions finales d'embauche sont toujours prises par des personnes. Pour en savoir plus sur l'utilisation et la protection de vos donnees personnelles, consultez notre politique sur la protection des renseignements confidentiels (https://www.pwc.com/ca/fr/privacy-policy.html).

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About pwc

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We know that the future success of our firm is contingent on equitable experiences for our people. From recruitment to partnership, we’re working hard to give every person an equitable opportunity to grow and to thrive as part of our community of solvers. We understand that establishing and maintaining a fair, equitable and welcoming environment for all people requires building a culture of belonging: a shift from awareness to empathy — while demonstrating inclusive leadership that cultivates trust among our people and our clients. PwC is committed to advancing diversity, equity and inclusion (DEI) through an evidence-based strategy designed to achieve well-defined and meaningful aspirational goals. Our aim is to solve problems for the long term, as that is how we build trust and continue to build on our culture of belonging. At the core of this endeavor are stated goals and a series of linked programs enabling targeted interventions at key moments in our employees’ career trajectories.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

London, London, UK

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