He played for seven seasons for the Hamilton Tiger-Cats and won a Grey Cup championship as a player with the team in 1999.
The Winnipeg Blue Bombers named Walters interim General Manager for the remainder of the 2013 CFL season following a disappointing 1–5 start.
Despite the disappointing finish to the year, the Bombers removed the interim tag and named Walters GM for the 2014 CFL season.
In the offseason Walters made some key signings for the offensive line, including Stanley Bryant and Jermarcus Hardrick.
Walters helped to build to foundation of a successful Blue Bombers team that saw them have four consecutive double-digit win seasons in 2019.