Walters began his coaching career as a player-coach during his final season play, with the
Port Huron Border Cats in the
2001–02 UHL season. During this time he worked with head coaches Jeff Perry, Shawn Camp, and
Dave MacQueen. Walters chose to leave the Sting to return to the Toronto area, and look for a new challenge. In his second season with Georgetown, the Raiders won their division and conference titles, and Walters was named the 2011–12 OJHL Coach of the Year. During his third season with the Raiders, Walters was selected by
Hockey Canada in cooperation with the
Canadian Junior Hockey League, to be the head coach of Canada East for the
2012 World Junior A Challenge, along with assistant coaches
Sheldon Keefe and Jason Nobili. His team finished in fourth place in 2012, but in the
2011 World Junior A Challenge as an assistant coach, his team won the silver medal. Walters was named the 2016-17 OJHL Coach of the Year, and the 2016-17 CJHL Coach of the Year. and
Scott Wilson.
Oshawa Generals Walters was named head coach of the
Oshawa Generals on June 11, 2018, and assistant coaches
Greg Nemisz and
Nathan McIver remained with the team.
Owen Sound Attack Walters was named head coach of the
Owen Sound Attack on June 30, 2021. He served parts of three seasons as head coach, and was dismissed on October 16, 2023. ==Personal life==