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Operational Risk Analysis Manager in Montreal, QC

Operational Risk Analysis Manager Job Description

An Operational Risk Analysis Manager is a critical leader responsible for developing, implementing, and overseeing an organization's operational risk management framework. This role involves identifying, assessing, mitigating, and monitoring operational risks across various departments and processes. The Manager provides strategic guidance on risk exposures, ensures compliance with internal policies and external regulations, and fosters a strong risk culture. This position demands deep expertise in operational processes, strong analytical skills, exceptional communication, and proven leadership. Typically, 7-10 years of progressive experience in risk management, internal audit, or operations within the financial services or a regulated industry, with a few years in a leadership role, is required. Relevant certifications (e.g., FRM, CRISC) are highly preferred. A profound understanding of Canadian regulatory expectations (e.g., OSFI guidelines) is paramount.

Typical operational risk analysis manager duties:

Develop and implement the operational risk management framework, policies, and procedures.Lead risk identification, assessment, measurement, and reporting processes.Oversee and manage a team of operational risk analysts.Ensure compliance with internal policies and Canadian regulatory requirements for operational risk.Monitor key risk indicators and loss events, recommending mitigation strategies.Collaborate with business units to integrate risk management into daily operations.Prepare comprehensive operational risk reports for senior management and risk committees.Drive initiatives for continuous improvement of risk controls and processes.

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Salary for Operational Risk Analysis Manager in Montreal, QC
99195 - 135150
Low
99195
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
118065
The candidate has moderate experience in the role, meets most requirements or has equivalent transferrable skills, and may also have relevant certifications.
High
135150
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Chief Risk Officer – Financial Services 207570 248370 277695 Regulatory Reporting Manager 106335 124950 138210 Operational Risk Analyst 81600 93075 107610 Market Risk Analysis Manager 91545 105825 122145 Market Risk Analyst 75480 86955 99960 Credit Risk Analysis Manager 96390 106845 120360 Credit Risk Analyst 74970 90015 102000 Hedge Fund Accountant 68595 81855 90525 Senior Fund Operations Specialist 70380 85425 97155 Fund Operations Specialist 53805 66045 82110 Anti-Money Laundering (AML) Specialist 66300 81855 93330 Fraud Investigator 57885 72675 82620 Mutual Fund Accountant 58395 64515 73440

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.