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Senior Risk Analyst Jobs in Toronto, ON (NOW HIRING)

Mace

Senior Risk Manager

Toronto, ON · Hybrid

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.

Ci

Quantitative Investment & Risk Analyst

Toronto, ON · On-site

Execute ad hoc deepdive analyses to support strategic initiatives, or address questions from senior ... Familiarity with factor-based risk platforms . * Experience with Tableau or similar visualization ...

BMO Capital Markets

Senior Analyst, Loan Review

Toronto, ON · On-site

CA$56K - CA$103K/yr

Audit, Risk & Compliance If you're looking for your next dream job, consider this one in BMO's ERPM ... Identifies where corrective actions are required (e.g. incomplete investigations and analysis ...

The Consumer Goods Forum

Risk & Treasury Analyst

Toronto, ON · On-site

CA$70K - CA$80K/yr

Collaborate closely with senior leadership to devise risk management guidelines and controls for ... Excellent analytical and strategic thinking skills. * Ability to function in a fast paced, dynamic ...

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Senior Risk Analyst information

See Toronto, ON salary details

$48.7K

$97.9K

$148.4K

How much do senior risk analyst jobs pay per year?

As of Aug 9, 2026, the average yearly pay for senior risk analyst in Toronto, ON is $97,911.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,824.00 and $114,520.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a senior risk analyst?

To thrive as a Senior Risk Analyst, you need strong analytical skills, a solid grasp of risk assessment methodologies, and typically a degree in finance, economics, or a related field. Proficiency with risk management software, data analysis tools like Excel, and familiarity with regulatory frameworks such as Basel III or SOX is often required. Attention to detail, critical thinking, and effective communication are crucial soft skills for identifying, evaluating, and reporting risks. These competencies are vital for ensuring accurate risk identification and mitigation, supporting sound business decisions, and maintaining regulatory compliance.

How does a senior risk analyst typically collaborate with other departments to identify and mitigate risks?

Senior Risk Analysts regularly work with teams across the organization, such as compliance, finance, operations, and IT, to identify emerging risks and implement mitigation strategies. They often participate in cross-functional meetings, provide insights from data analysis, and help develop policies that address both regulatory requirements and business objectives. Building strong working relationships and communicating complex risk scenarios in an accessible way are key to ensuring coordinated risk management efforts. This collaborative approach not only helps in early detection of potential issues but also fosters a proactive risk culture within the company.

How much do senior risk analysts get paid?

Senior risk analysts typically earn a median annual salary between $80,000 and $120,000, depending on experience, industry, and location. They often require strong analytical skills and knowledge of risk management tools and regulations.

What is the difference between Senior Risk Analyst vs Risk Analyst?

AspectSenior Risk AnalystRisk Analyst
Required CredentialsBachelor's degree, often certifications like FRM or CRMBachelor's degree, some certifications like FRM or CRM
Work EnvironmentFinancial institutions, insurance companies, consulting firmsFinancial firms, corporations, government agencies
Employer & Industry UsageUsed across finance, insurance, and consulting sectorsCommon in finance, banking, and insurance industries

The main difference is that Senior Risk Analysts typically have more experience, advanced certifications, and handle more complex risk assessments. They often lead projects and mentor junior staff, whereas Risk Analysts focus on data collection, analysis, and supporting risk management processes.

What does a senior risk analyst do?

A senior risk analyst evaluates potential risks that could impact an organization’s financial health, operations, or reputation. They analyze data, develop risk mitigation strategies, and use tools like risk assessment software to inform decision-making. This role often requires strong analytical skills, industry knowledge, and relevant certifications such as FRM or CRM.
What are the most commonly searched types of Risk Analyst jobs in Toronto, ON? The most popular types of Risk Analyst jobs in Toronto, ON are:
What are popular job titles related to Senior Risk Analyst jobs in Toronto, ON? For Senior Risk Analyst jobs in Toronto, ON, the most frequently searched job titles are:
What job categories do people searching Senior Risk Analyst jobs in Toronto, ON look for? The top searched job categories for Senior Risk Analyst jobs in Toronto, ON are:
What cities near Toronto, ON are hiring for Senior Risk Analyst jobs? Cities near Toronto, ON with the most Senior Risk Analyst job openings:
Senior Risk Analyst jobs near you
Infographic showing various Senior Risk Analyst job openings in Toronto, ON as of August 2026, with employment types broken down into 1% As Needed, 71% Full Time, 26% Part Time, and 2% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $97,911 per year, or $47.1 per hour.

Senior Analyst, Loss Mitigation Tools & Segmentation

Momentum Financial Services Group

Toronto, ON • On-site, Remote

Full-time

Medical, Dental, Vision, Retirement

Re-posted yesterday

Job description

Who We Are

At Momentum Financial Services Group, we help people move forward by reimagining how money works for those who need it most. With more than 40 years of experience, we're the team behind Money Mart-Canada's largest non-bank branch network-and a leader in financial solutions for underserved communities.

From short-term loans to money transfers and prepaid cards, we power the products, technology, and operations that enable people to access, use, and move their money more freely.

Our culture is built on innovation, collaboration, and a shared purpose to deliver financial inclusion. When you join our team, you're part of a company that is transforming financial services and making a lasting impact for millions of customers.

We've Got You Covered

  • Compensation Philosophy - Competitive pay aligned to experience and market value.

  • Discretionary Annual Bonus - Rewarding performance and contribution.

  • Comprehensive Benefits - Medical, dental, vision, and more to support your health and wellbeing.

  • Retirement Plans - Helping you plan and save for the future.

  • Hybrid Work Environment - Flexibility that balances in-office collaboration with remote work.

  • Perks and Rewards - Employee recognition programs, development opportunities, and other perks.

The Job: Senior Analyst Loss Mitigation Tools & Segmentation

As a Senior Analyst, Loss Mitigation Tools & Segmentation, you will design, deploy, and optimize strategies and tools that reduce loan losses while supporting customers on their path back to financial stability. This role sits at the intersection of data science, risk management, and customer experience-building segmentation logic, managing mitigation programs, and driving measurable impact on portfolio health.

What You'll Do

Strategy Design & Segmentation

  • Build and refine segmentation frameworks to identify customer groups based on risk, repayment capacity, and hardship signals.

  • Integrate predictive analytics to prioritize accounts for appropriate loss mitigation treatments.

  • Define eligibility criteria, triggers, and performance metrics for mitigation programs.

Loss Mitigation Tool Development

  • Support the rollout and optimization of tools such as payment deferrals, extended repayment options, settlements, and hardship relief programs.

  • Partner with IT, Product, Retail, and Compliance to operationalize strategies within decisioning systems and customer-facing experiences.

Performance Monitoring & Optimization

  • Design dashboards and reporting to evaluate treatment effectiveness (cure rates, roll rates, re-default rates, net loss impact).

  • Conduct A/B and multivariate testing to refine segmentation and tool performance.

  • Recommend and implement improvements to maximize portfolio outcomes and customer success.

Collaboration & Stakeholder Engagement

  • Act as a bridge between analytics, operations, and technology to ensure strategies are executable, compliant, and business-aligned.

  • Present clear, data-driven insights and recommendations to senior leadership.

What You'll Bring to the Table

  • Analytical rigor with a problem-solving mindset.

  • Strong balance of risk management, customer focus, and business objectives.

  • Excellent communication skills-able to simplify complex data into actionable strategies.

  • Resourceful, detail-oriented, and experienced in managing cross-functional initiatives.

  • Ability to thrive in a fast-paced, evolving environment.

Education + Experience

  • Master's degree in Data Science, Finance, Operations Research, Statistics, Computer Science, or related quantitative discipline.

  • 4+ years of experience in Financial Services, focused on Collections, Credit Risk, or Loan Servicing Analytics.

  • Proven experience designing segmentation strategies or treatment frameworks using large-scale data.

  • Hands-on proficiency in SQL and at least one analytical tool/language (Python, R, or SAS).

  • Prior exposure to hardship or loss mitigation programs strongly preferred.

  • Experience with decisioning systems, collections platforms, or customer management tools is an asset.

  • Sigma experience is considered an asset

If you're ready to use advanced analytics and innovative thinking to reshape collections strategies and improve customer outcomes, we'd love to hear from you. Apply today and help build smarter, more empathetic loss mitigation solutions.

#SJ

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