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Vendor Risk Management Jobs in Ontario (NOW HIRING)

Worthland

$150K - $180K/yr

Role Overview Risk management at this company is not a brake on growth -- it is the engine that ... vendors. Key Responsibilities * Define the rules, don't just follow them -- Lead end-to-end ...

Worthland

$150K - $180K/yr

Role Overview Risk management at this company is not a brake on growth -- it is the engine that ... vendors. Key Responsibilities * Define the rules, don't just follow them -- Lead end-to-end ...

PwC

Credit Risk Modelling Senior Associate

Toronto, ON · Hybrid

CA$73K - CA$122K/yr

... toutilizecredit risk management software,dataandmethodologyin the completion of client engagements, including leveraging related technology vendors and their application * Strong ...

Manulife

Business Unit Security Officer

Toronto, ON · On-site

... vendor risk management, project risk management, IT audit or IT controls assessment. * Deep knowledge of cloud computing security and IaaS, PaaS, or SaaS environments. * Knowledge of security ...

Manulife

Business Unit Security Officer

Waterloo, ON · On-site

... vendor risk management, project risk management, IT audit or IT controls assessment. * Deep knowledge of cloud computing security and IaaS, PaaS, or SaaS environments. * Knowledge of security ...

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All JobsVendor Risk Management JobsVendor Risk Management Jobs in Ontario

Vendor Risk Management information

See Ontario salary details

$13

$48

$90

How much do vendor risk management jobs pay per hour?

As of Aug 9, 2026, the average hourly pay for vendor risk management in Ontario is $48.50, according to ZipRecruiter salary data. Most workers in this role earn between $31.97 and $62.26 per hour, depending on experience, location, and employer.

How to do vendor risk management?

Vendor risk management involves identifying, assessing, and mitigating risks associated with third-party vendors to ensure they meet security, compliance, and performance standards. It typically includes conducting due diligence, evaluating vendor controls, and monitoring ongoing performance using tools like risk assessment frameworks and vendor management software. Strong communication and documentation are essential for effective oversight.

What are the key skills and qualifications needed to thrive in vendor risk management?

To thrive in Vendor Risk Management, you need a solid background in risk assessment, contract analysis, and supply chain management, often supported by a degree in business, finance, or a related field. Familiarity with risk management software, vendor management systems, and relevant certifications such as Certified Third Party Risk Professional (CTPRP) are highly valued. Strong attention to detail, excellent communication, and negotiation skills help build effective vendor relationships and navigate complex scenarios. These capabilities are crucial for ensuring organizational compliance, minimizing third-party risks, and maintaining strong supplier performance.

What does a vendor risk management do?

A vendor risk management professional assesses and monitors the risks associated with third-party vendors to ensure compliance, security, and operational integrity. They evaluate vendor security practices, contractual obligations, and potential vulnerabilities, often using risk assessment tools and frameworks to mitigate potential threats to the organization.

What is vendor risk management?

A Vendor Risk Management (VRM) job involves assessing, monitoring, and mitigating risks associated with third-party vendors and suppliers. Professionals in this role evaluate vendor security, compliance, and operational risks to protect their organization from potential disruptions, data breaches, or regulatory violations. They work closely with procurement, legal, and IT teams to establish risk management frameworks and ensure vendors meet contractual and security standards. Their responsibilities often include conducting risk assessments, reviewing vendor contracts, and developing risk mitigation strategies. Effective VRM helps organizations reduce exposure to risks while maintaining productive vendor relationships.

What are some common challenges faced in vendor risk management?

Professionals in Vendor Risk Management often encounter the challenge of assessing and monitoring a wide range of vendors, each with unique risk profiles and compliance requirements. Balancing multiple projects, managing deadlines, and ensuring clear communication between internal stakeholders and vendors can also be demanding. Staying updated on evolving regulatory standards and quickly adapting to new risks is essential in this role. Overcoming these challenges requires strong organizational skills, continual learning, and proactive relationship management.

What are popular job titles related to Vendor Risk Management jobs in Ontario? For Vendor Risk Management jobs in Ontario, the most frequently searched job titles are:
What job categories do people searching Vendor Risk Management jobs in Ontario look for? The top searched job categories for Vendor Risk Management jobs in Ontario are:
Vendor Risk Management jobs near you
Infographic showing various Vendor Risk Management job openings in Ontario as of August 2026, with employment types broken down into 87% Full Time, 10% Part Time, 1% Temporary, and 2% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $100,886 per year, or $48.5 per hour.

Senior Manager, Risk Analytics & Modelling

Healthcare of Ontario Pension Plan

Toronto, ON

Full-time

Medical, Dental, Retirement

Re-posted 8 hours ago

Job description

Why you'll love working here:

  • high-performance, people-focused culture

  • our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves

  • learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees' career growth

  • membership in HOOPP's world class defined benefit pensionplan, which can serve as an important part of your retirement security

  • competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account).

  • optional post-retirement health and dental benefits subsidized at 50%

  • yoga classes, meditation workshops, nutritional consultations, and wellness seminars

  • the opportunity to make a difference and help take care of those who care for us, byproviding a financially secure retirement for Ontario healthcare workers

Job Summary:

Under the guidance of the Director, Risk Analytics and Modelling, the Senior Manager, Risk Analytics and Modelling will be accountable for instrument risk modelling. This incumbent will develop and foster strong relationships within all other parts of HOOPP, especially those related to the trading function, and will build and maintain strong relationships with peers and relevant external parties. In addition, the Senior Manager will advise and contribute to the development of advanced risk management approaches.

What you will do:

  • Model derivatives, hedge funds, liabilities, and other securities within the risk management system. Review the models on a regular basis and ensure that the risk embedded is well measured and monitored.

  • Work with traders, finance, and developers to add new instruments and models as required.

  • Establish new and state-of-the-art tools that help measure and provide insight on all financial risks, especially market risk, faced by HOOPP.

  • Design and implement tools to measure and monitor the risk in the portfolio.

  • Assist in the validation of models including documentation, benchmarking, and assessing model performance.

  • Leverage strong analytical capabilities in investment risk analysis and excellent writing and communication skills to ensure analysis and comments are communicated effectively through risk reports.

  • As an expert in the risk management system, incumbent will also work closely with other groups at HOOPP to help them utilize the system to its full capacity as well as assist the Director with risk-related questions.

  • Foster continual innovation and thought leadership by leveraging state-of-the-art industry intelligence and in-house risk expertise across the Risk Division.

What you bring:

  • Graduate degree in Finance, Math, Statistics, Business Administration, Economics, or related field.

  • Minimum of 5 years of professional experience in the financial industry including experience related to the modelling and trading of financial instruments in the context of risk management.

  • Practical experience modelling derivatives and other financial instruments.

  • Experience working with traders and portfolio managers.

  • Experience with python.

  • Experience using a vendor system for risk or trading is an asset.

  • Excellent writing, editing and problem-solving skills.

  • Possess strong technical skills. Programming knowledge is an asset

  • Possess strong quantitative skills.

  • Hands-on experience with AI agents, large language models (LLMs), and AI-powered automation tools in a professional setting is an asset.

  • Knowledge of risk management, derivatives and quantitative techniques.

  • Strong interpersonal skills with solid verbal and written communication skills.

  • Demonstrated ability to collaborate and work with a team, while also being self-motivated and able to work independently.

The actual base salary offered to the successful candidate may vary based on multiple factors including, but not limited to, individual's expertise and level of experience applicable to the role they are being offered.This role is eligible to participate in discretionary incentive plan(s), subject to the terms and conditions of the applicable incentive plan text.This job is for an existing vacancy.

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