Model Risk Management Salary in Ontario
$24K - $44K
8% of jobs
$44K - $64K
13% of jobs
$71K is the 25th percentile. Wages below this are outliers.
$64K - $84K
13% of jobs
$84K - $104K
9% of jobs
The median wage is $116K / yr.
$104K - $124K
13% of jobs
$124K - $144K
19% of jobs
$144.9K is the 75th percentile. Wages above this are outliers.
$144K - $164K
13% of jobs
$164K - $184K
9% of jobs
$184K - $204K
2% of jobs
$204K - $224K
1% of jobs
$224K - $244K
1% of jobs
$24K
$118.5K
$244K
$121,104
/year
$58.22
/hour
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How much does a Model Risk Management make in Ontario?
As of Aug 17, 2026, the average annual pay for a Model Risk Management in Ontario is $121,104 a year.
Just in case you need a simple salary calculator, that works out to be approximately $58.22 an hour. This is the equivalent of $2,328/week or $10,092/month.
While ZipRecruiter is seeing salaries as high as $244,000 and as low as $24,000, the majority of Model Risk Management salaries currently range between $72,500 (25th percentile) to $151,500 (75th percentile) with top earners (90th percentile) making $178,500 annually in Ontario. The average pay range for a Model Risk Management varies greatly (by as much as 79000), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.
Ontario ranks number 50 out of 50 states nationwide for Model Risk Management salaries.
To estimate the most accurate annual salary range for Model Risk Management jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.
Find your next high paying job as a Model Risk Management on ZipRecruiter today.
What are Top 10 Highest Paying Cities for Model Risk Management Jobs in Ontario
We've identified 4 cities where the typical salary for a Model Risk Management job is above the average in Ontario in Ontario. Topping the list is North York, , with Willowdale, and Scarborough, close behind in the second and third positions. Scarborough, beats the average in Ontario by $3,520 (2.9%), and North York, furthers that trend with another $4,083 (3.4%) above the $121,104 average.
With these 4 cities paying on average above the average for Ontario, the opportunities for economic advancement by changing locations as a Model Risk Management appears to be exceedingly fruitful.
Finally, another factor to consider is the average salary for these top 10 cities varies very little at 6% between North York, and Welland, , reinforcing the limited potential for much wage advancement. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a Model Risk Management role.
City | Annual Salary | Hourly Wage |
|---|---|---|
North York | $125,187 | $60.19 |
Willowdale | $125,187 | $60.19 |
Scarborough | $124,624 | $59.92 |
Barrie | $121,959 | $58.63 |
North Bay | $121,104 | $58.22 |
Nepean | $120,495 | $57.93 |
Clarence-Rockland | $118,820 | $57.12 |
St. Catharines | $117,931 | $56.70 |
Hamilton | $117,738 | $56.60 |
Welland | $117,738 | $56.60 |
What are Top 5 Best Paying Related Model Risk Management Jobs in Ontario
Analyzing similar jobs related to the Model Risk Management job category in Ontario, we found 5 that were relevant. However, none pay more than the $121104 state average for Model Risk Management jobs.
Job Title | Annual Salary | Hourly Wage |
|---|---|---|
Bank Chief Risk Officer | $153,742 | $73.91 |
Chief Lending Officer | $149,999 | $72.11 |
Chief Fiduciary Officer | $93,613 | $45.01 |
Certified Divorce Financial Analyst | $75,756 | $36.42 |
Financial Advisor Administrative Assistant | $38,827 | $18.67 |
About Our Data
ZipRecruiter salary estimates, histograms, trends and comparisons are derived from both employer job postings and third party data sources.
