Finance Recruitment in Toronto: Trends, Salaries & Roles in Demand

Toronto remains one of Canada’s leading financial hubs, home to major banks, investment firms, insurance companies, and a growing number of fintech start-ups. This concentration of financial activity creates ongoing demand for skilled finance professionals across a wide range of specializations. But in today’s competitive hiring environment, employers must navigate shifting market trends, evolving role requirements, and salary expectations to secure top talent.

From emerging skill sets to compensation benchmarks, understanding the current finance recruitment landscape in Toronto is essential for building high-performing teams.

The State of Finance Recruitment in Toronto

Finance recruitment in Toronto continues to be shaped by several key factors:

• Economic conditions are impacting hiring budgets and priorities
• Digital transformation is driving demand for candidates with both financial and technological expertise.
• Regulatory changes requiring specialized compliance and risk management skills
• Talent shortages in niche areas such as corporate treasury, financial planning and analysis, and data analytics

With so much competition for high-calibre candidates, many employers are turning to finance recruiters in Toronto to connect with professionals who have both the technical expertise and cultural alignment needed for long-term success.

Roles in High Demand

While finance recruitment covers a broad spectrum of positions, several roles stand out in the Toronto market:

1. Financial Analysts – Companies are looking for analysts who can interpret data, create forecasts, and provide insights to guide decision-making.
2. Controllers – Skilled in compliance, reporting, and operational finance, controllers remain a cornerstone for mid-to-large organizations.
3. Treasury Specialists – With cash flow management more critical than ever, demand for treasury professionals continues to rise.
4. Compliance Officers – Regulatory oversight in industries like banking and insurance is fuelling the need for experienced compliance experts.
5. Financial Planning & Analysis (FP&A) Managers – Businesses value leaders who can align budgets and forecasts with strategic growth goals.

Finance staffing solutions in Toronto are increasingly focused on these niche roles, where competition for experienced professionals is strongest.

Salary Trends in Toronto’s Finance Sector

Salary expectations remain a major factor in attracting and retaining finance talent. Competitive compensation packages not only secure top candidates but also reduce turnover risk.

While salaries vary based on experience, company size, and industry, recent data suggests:

• Financial Analysts: $75,000–$85,000
• Controllers: $150,000–$200,000
• Senior Compliance Officers: $95,000–$120,000
• Analyst Treasury: $75,000–$90,000
• Manager A/P: $87,500–$115,000

Employers should also factor in bonuses, benefits, and flexible work arrangements to remain competitive, especially as finance jobs in Toronto often attract offers from multiple firms.

Challenges Facing Employers in Finance Recruitment

Despite the city’s large talent pool, employers often encounter challenges when hiring finance professionals:

• Passive talent – Many highly skilled professionals are not actively seeking new roles, making direct outreach essential.
• Skills gap – While candidates may meet technical requirements, they may lack industry-specific knowledge or strategic leadership skills.
• Retention pressure – Competing offers and counteroffers can make it difficult to keep top performers.
• Evolving role requirements – With the rise of automation, finance professionals are expected to bring strategic thinking and adaptability alongside technical expertise.

Working with experienced finance recruiters in Toronto can help employers navigate these hurdles by leveraging established networks, conducting targeted searches, and providing market insight.

The Intersection of Finance and Other Specializations

Some of the most in-demand finance roles now require cross-disciplinary skills. For example:

• Finance professionals with legal expertise are becoming more valuable as organizations navigate regulatory complexities. This is where having partnerships with specialists in Legal Recruitment Toronto can be advantageous.
• Accounting and finance crossover roles are common, and working with a contract recruiter specializing in accounting in Toronto can help source talent who bridges both areas.

Employers who understand these intersections can expand their talent pipeline and build teams capable of managing broader business challenges.

Why Employers Are Turning to Professional Recruitment Firms

For many organizations, managing finance recruitment in-house can be resource-intensive. A professional recruitment firm offers:

• Specialized market knowledge – Insight into salary benchmarks, hiring timelines, and candidate availability.
• Targeted search capabilities – Access to passive candidates not found on public job boards.
• Streamlined processes – From initial outreach to final offer, recruiters can reduce time-to-hire while ensuring quality.
• Confidential hiring – Critical when replacing senior finance roles or building new teams without public disclosure.

The best results often come from partnering with a recruitment firm that understands not only finance but also related areas such as legal and accounting recruitment. Firms with proven expertise across multiple sectors bring a more comprehensive view of the talent market.

Looking Ahead: Opportunities in Finance Hiring

Toronto’s finance recruitment market will continue to evolve as economic conditions, technology, and regulations shift. Employers who succeed will be those who:

• Maintain competitive compensation strategies
• Build strong employer brands to attract high-quality talent.
• Use data-driven hiring processes to evaluate both technical and soft skills.
• Work with recruitment partners who understand their industry and organizational culture.

Finance recruitment in Toronto is highly competitive, but it’s also full of opportunity. By understanding salary trends, in-demand roles, and the challenges shaping the market, employers can make smarter hiring decisions that drive long-term success.

For organizations looking to strengthen their finance teams and access top-tier talent, the right recruitment partner can make all the difference.

Contact BJRC Recruiting to learn how our expertise in finance, accounting, and legal recruitment can help you find the professionals who will move your business forward.