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Senior Risk Analyst

About the Opportunity

• Understand the company's environment and organizational needs to help the business identify, assess and monitor risks
• Support management with quantitative risk assessment including stress testing, scenario testing, performing financial risk calculations (e.g. VaR, TVaR, NSFR, etc.)
• Support management with risk assessment, assist with the development and enhancement of key risk indicators (KRIs), and monitor action plans and compliance with key regulatory requirements, and internal policies
• Support management to develop aligned operational plans to ensure the company has risk management capabilities and skills to support its strategic objectives and related business plans
• Continuously improve the ERM framework, taxonomy, policies, mandates, methodologies, standards & tools based on regulatory requirements and industry best practices
• Stay abreast of the current and emerging regulatory requirements and provide support in assessing the impact to the business and processes
• Support the annual ORSA process for all subsidiaries including collaboration with Actuarial, Investments, Finance, and Operations
• Support the preparation of materials for the Executive Risk Committee meetings and Audit and Risk Committee Reports on a quarterly basis
• Support the development and implementation of the ERM infrastructure ensuring compliance with regulatory requirements, including the championing of skills required to support ERM objectives
• Understand the reinsurance strategies for our insurance companies including the treaties, reinsurers, and impact on capital. Support management in reinsurance renewal process and creating strategy documents.
• Support the development of the organization’s risk appetite framework, ensuring that appropriate risk exposure metrics are included to provide coverage and that there is an effective monitoring program and escalation process in place

• Bachelors or equivalent degree in Business Admin/Commerce/Finance/Economics/Mathematics/Data Analytics/Computer Science
• 2+ years’ experience in a risk management related role
• Basic understanding of Governance/Risk control frameworks and application at the 2nd Line of Defense
• Ability to maintain strong focus on priority business outcomes and intelligent risk management in the face of internal and external pressures and competing priorities
• Ability to cater and customize communications to suit the needs of various stakeholders
• Strong analytical thinking and ability to approach a problem by using a logical approach and conducting risk modelling / calculations
• Prior experience with insurance industry regulatory requirements (OSFI, FSRA, Alberta Treasury Board) is an asset
• Risk designation or other related professional designation (e.g., CRM, CFA, FRM, CPA) or progressing towards professional designation is an asset
• Industry accreditation (e.g., CSC, CIP, FCIP) is an asset

Salary
$80000/year

How to Apply
Click the “Apply Now” button and follow the instructions to submit your resume. Please note that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote #381385.
 
You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.